Farm Bill information for peanut farmers
With the Agriculture Act of 2014, the farm bill, signed into law, Texas farmers should now be looking ahead at the impact the new legislation could have on their farms.
USDA unveils key new programs to help farmers manage risk
The U.S. Department of Agriculture has unveiled its highly anticipated new programs to help farmers better manage risk, ushering in one of the most significant reforms to U.S. farm programs in decades. Along with these programs, new tools are now available to help provide farmers the information they need to choose the new safety net program that is right for their business.
The new programs, Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC), are cornerstones of the commodity farm safety net programs in the 2014 Farm Bill, legislation that ended direct payments. Both programs offer farmers protection when market forces cause substantial drops in crop prices and/or revenues. Producers will have through early spring of 2015 to select which program works best for their businesses.
Starting Monday, Sept. 29, 2014, farm owners may begin visiting their local USDA - Farm Service Agency offices if they want to update their yield history and/or reallocate base acres, the first step before choosing which new program best serves their risk management needs. Letters sent this summer enabled farm owners and producers to analyze their crop planting history in order to decide whether to keep their base acres or reallocate them according to recent plantings. (Additionally, farmers are encouraged to use resources such as the decision aid below that can help with this.)
The next step in USDA's safety net implementation is scheduled for this winter when all producers on a farm begin making their election, which will remain in effect for 2014-2018 crop years between the options offered by ARC and PLC.
Farm bill and insurance decision aid
The National Association of Agricultural and Food Policy, led by the Agricultural and Food Policy Center at Texas A&M University and the Agricultural Policy Research Institute at the University of Missouri have released its farm bill and insurance decision aid tool for farmers. The tool is now available online HERE.
Farmers should review THIS DOCUMENT prior to beginning to work with the decision aid, as it will outline the resources farmers need on hand.
Farm bill overview
The Agricultural and Food Policy Center at Texas A&M University has prepared a general overview of the 2014 farm bill, which is available online HERE.
- Agricultural owners received letter from USDA - Farm Service Agenc
- Owners with base acres have received a letter from USDA-FSA providing a summary of covered commodities. An example of this letter is on page 11 HERE.
- Base Acre Reallocation and Yield Updates
- September 29, 2014 - February 27, 2015
- Owners have a one-time opportunity to reallocate the farm's base acres or update yield
- ARC/PLC Election
- November 17, 2014 - March 31, 2015
- Producers make election which will remain in effect for the 2014-2018 crop years, of the following:
- PLC or ARC County on a covered commodity-by-commodity basis; or
- ARC Individual for al covered commodities on the farm
- ARC/PLC Enrollment
- Mid-April 2015 - Summer 2015
- Producers sign contract to participate in ARC/PLC for 2014 and 2015 crop years
We're busting hunger with peanut butter
The South Plains Food Bank is ecstatic to receive 10,000 jars of peanut butter generously donated by the Texas Peanut Producers Board in partnership with Peanut Proud Inc. Donated just in time for integration into Christmas boxes, this outstanding contribution will be distributed to the food-insecure of Lubbock this December. Read more
Peanut Progress Report
Throughout the growing season, the Texas A&M AgriLife Extension Service distributes a progress report on the state's peanut crop. Follow the links below for this year's issues:
Peanut referendum wins tremendous support from producers
In an overwhelming show of confidence in the National Peanut Board, America’s peanut farmers voted in favor of continuing the Peanut Promotion, Research and Information Order, which authorizes the National Peanut Board. In order for the continuance referendum to pass, a majority of eligible producers needed to vote in favor of continuing the Order. The referendum passed with a 92 percent approval rate. Read more
Nutrition Gone Nutty
Looking for a way to infuse your diet with peanuts? TPPB has a great recipe book available for download here. Also, if you or someone you know has or is at risk of diabetes, make sure you check out our Peanuts & Diabetes brochure here. We are unable to ship these items due to budget constraints. We appreciate your understanding of this.
December 2-4: Amarillo Farm & Ranch Show, Amarillo, Texas
December 3: Texas Commodity Symposium, Amarillo, Texas