Agricultural and Food Policy
 Agri Outlook
Radio
Number 73
Policy/Noteworthy: USDA Announces Sign-Up Dates for the New Livestock Compensation Program,
Livestock Indemnity Program and Crop Disaster Program. (3:33 minutes)
Audio/Video Script:
Dr. Bobby Coats
Extension Economist
University of Arkansas, Division of Agriculture
USDA announces sign-up dates for the new Livestock Compensation Program,
Livestock Indemnity Program and Crop Disaster Program. I’m Bobby Coats Extension
Economist University of Arkansas Division of Agriculture.
USDA on August 24, 2007 announced sign-up dates
for three ad hoc disaster programs that will provide benefits to farmers and
ranchers who suffered losses caused by natural disasters in recent years. The
three ad hoc disaster programs are the Livestock Compensation Program, Livestock
Indemnity Program and the Crop Disaster Program.
Eligible producers can apply to receive benefits from their local Farm
Service Agency Office under the Livestock Compensation Program (LCP) and
Livestock Indemnity Program (LIP) beginning September 10, 2007. Eligible farmers
can sign-up for the Crop Disaster Program (CDP) beginning October 15, 2007, if
they suffered quantity losses to their crops. Additionally, Farm Service Agency
will announce and conduct Crop Disaster Program (CDP) sign-up for quality losses
as soon as possible.
The Livestock Compensation Program (LCP) compensates livestock producers for
feed losses, due to a natural disaster, occurring between January 1, 2005, and
February 28, 2007.
The Livestock Indemnity Program (LIP) compensates livestock producers for
livestock losses between January 1, 2005 and February 28, 2007, that resulted
from natural disasters.
The Crop Disaster Program (CDP) provides benefits to farmers who suffered
quantity and quality losses to 2005, 2006, or 2007 crops from natural disasters
if the crop was planted before February 28, 2007, or, in the case of prevented
plantings, for crops that would have been planted before February 28, 2007.
For all three programs, the Livestock Compensation Program, the Livestock
Indemnity Program and the Crop Disaster Program producers who incurred
qualifying losses in 2005, 2006 or 2007 must choose only one year to apply for
benefits. Producers may apply for benefits for losses to multiple commodities as
long as the losses occurred in the same crop year.
On the Crop Disaster Program only producers who obtained crop insurance
coverage or coverage under the Noninsured Crop Disaster Assistance Program (NAP)
for the year of loss will be eligible for Crop Disaster Program benefits. Also,
producers must have suffered quantity losses in excess of 35 percent to be
eligible for the Crop Disaster Program.
This has been Bobby Coats Extension Economist University of Arkansas Division
of Agriculture.
Source:
Agricultural Assistance Act of 2007 and
USDA Announces Sign-Up Dates For New Livestock and Crop
Disaster Programs
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