USDA has announced they will issue approximately $121 million in partial 2009-crop counter-cyclical payments to producers with upland cotton and peanut base acres enrolled in USDA’s Direct and Counter-cyclical Payment (DCP) program, as Tyron Spearman has the details.
For more information on the direct and counter-cyclical payment programs including a table displaying the target price, projected average market price, loan rate, direct payment rate, effective price and projected counter-cyclical rates, visit your local FSA office or the FSA DCP Website: www.fsa.usda.gov/dcp.