Friday, June 20, 2014

Fwd: Sevier/Piute County FSA Newsletter for June



---------- Forwarded message ----------
From: USDA Farm Service Agency <usdafsa@service.govdelivery.com>
Date: Fri, Jun 20, 2014 at 11:48 AM
Subject: Sevier/Piute County FSA Newsletter for June
To: iammejtm@gmail.com


June 2014

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Sevier/Piute County FSA Updates


Sevier/Piute County FSA Office

340 N 600 E
Richfield, UT 84747

Phone: 435-896-5489
Fax: 435-896-4819

County Executive Director:
Paul W. Pace

Farm Loan Manager:
Korry Soper

Farm Loan Officers:
Marc Henrie
Randy Blackburn

Program Technicians:
Meriann Rippstein
Jennifer Anderson

County Committee:
Sharon Anderson - COC Chair
Paul Morgan - Vice-Chair
Keith Hampton
Tom Jenson
Rayne Bagley

Next County Committee Meeting: 07/14/2014 @ 10:00 am

NEW FARM BILL OFFERS INCREASED OPPORTUNITIES FOR PRODUCERS

The 2014 Farm Bill offers increased opportunities for producers including farm loan program modifications that create flexibility for new and existing farmers. A fact sheet outlining modifications to the U.S. Department of Agriculture's (USDA) Farm Service Agency (FSA) Farm Loan Programs is available here.

The Farm Bill expands lending opportunities for thousands of farmers and ranchers to begin and continue operations, including greater flexibility in determining eligibility, raising loan limits, and emphasizing beginning and socially disadvantaged producers.   

Changes that will take effect immediately include:

·        Elimination of the 15 year term limit for guaranteed operating loans.

·        Modification of the definition of beginning farmer, using the average farm size for the county as a qualifier instead of the median farm size.

·        Modification of the Joint Financing Direct Farm Ownership Interest Rate to 2 percent less than regular Direct Farm Ownership rate, with a floor of 2.5 percent. Previously, the rate was established at 5 percent.

·        Increase of the maximum loan amount for Direct Farm Ownership Down Payment Loan Program from $225,000 to $300,000.

·        Elimination of rural residency requirement for Youth Loans, allowing urban youth to benefit.

·        Debt forgiveness on Youth Loans, which will not prevent borrowers from obtaining additional loans from the federal government.

·        Increase of the guaranteed percentage on Conservation Loans from 75 to 80 percent and 90 percent for socially disadvantaged borrowers and beginning farmers.

·        Microloans will not count toward direct operating loan term limits for veterans and beginning farmers.

Additional modifications must be implemented through the rulemaking processes. Visit the FSA Farm Bill website for detailed information and updates to farm loan programs.


SEVIER AND PIUTE COUNTIES ARE ELIGIBLE FOR EMERGENCY LOANS

Sevier and Piute Counties were declared a contiguous disaster due to drought and heat using the streamlined Secretarial Disaster Designation process. Under this designation, producers with operations in any primary or contiguous county are eligible to apply for low interest emergency loans.

The streamlined disaster designation process issues a drought disaster declaration when a county has experienced a drought intensity value of at least a D2 (severe drought) level for eight consecutive weeks based on the U.S. Drought Monitor during the crop year.

Emergency loans help producers recover from production and physical losses due to drought, flooding and other natural disasters or quarantine.

Producers have eight months from the date of the declaration to apply for emergency loan assistance. FSA will consider each loan application on its own merits, taking into account the extent of losses, security available and repayment ability. Producers can borrow up to 100 percent of actual production or physical losses, to a maximum amount of $500,000.

For more information about emergency loans, please contact your local FSA office or visit www.fsa.usda.gov.


HIGHLY ERODIBLE LAND AND WETLAND COMPLIANCE

Landowners and operators are reminded that in order to receive payments from USDA, they must be compliant with Highly Erodible Land (HEL) and Wetland Conservation (WC) provisions.   Farmers with HEL determined soils must apply tillage, crop residue and rotation requirements as specified in their conservation plan. 

Producers should notify FSA prior to conducting land clearing or drainage projects to ensure compliance.  If you intend to clear any trees to create new cropland, these areas will need to be reviewed to ensure any work will not jeopardize your eligibility for benefits.

Landowners and operators can complete form AD-1026 Highly Erodible Land Conservation (HELC) and Wetland Conservation (WC) Certification to determine whether a referral to Natural Resources Conservation Service (NRCS) is necessary.  

For more information on Highly Erodible Land and Wetland Conservation provisions, contact a FSA County Office or visit the FSA website at www.fsa.usda.gov

   


BEGINNING FARMER LOANS

FSA assists beginning farmers to finance agricultural enterprises. Under these designated farm loan programs, FSA can provide financing to eligible applicants through either direct or guaranteed loans. FSA defines a beginning farmer as a person who:

    Has operated a farm for not more than 10 years

    Will materially and substantially participate in the operation of the farm

    Agrees to participate in a loan assessment, borrower training and financial management program sponsored by FSA

    Does not own a farm in excess of 30 percent of the county's average size farm.

Additional program information, loan applications, and other materials are available at your local USDA Service Center.  You may also visit www.fsa.usda.gov.


BANK ACCOUNT CHANGES

Current policy mandates that FSA payments be electronically transferred into a bank account. In order for timely payments to be made, producers need to notify the FSA county office when an account has been changed or if another financial institution purchases the bank where payments are sent. Payments can be delayed if the FSA office is not aware of updates to bank accounts and routing numbers.


FSA SIGNATURE POLICY

Using the correct signature when doing business with FSA can save time and prevent a delay in program benefits. The following are FSA signature guidelines:

·        Spouses may sign documents on behalf of each other for FSA and CCC programs in which either has an interest, unless written notification denying a spouse this authority has been provided to the county office

·        Spouses shall not sign on behalf of each other as an authorized signatory for partnerships, joint ventures, corporations, or other similar entities

For additional clarification on proper signatures contact your local FSA office.


USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay),
(866) 377-8642 (Relay voice users).

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--
Jeremy Tobias Matthews

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