“Swarming with Opportunities”.  Reporting Colonies/Production  NAP Program Provisions  ELAP Program Provisions  MAL/LDP Program Provisions.

Slides:



Advertisements
Similar presentations
Risk Management Programs for Forage and Livestock Producers Dr. Curt Lacy Extension Economist-Livestock University of Georgia.
Advertisements

Farm Service Agency Farm Loans Program Lender of First Opportunity.
Tax Update for Weather Related Sales of Breeding Livestock and Tax Management Strategies after the Tax Year Ends J C. Hobbs Oklahoma State University Department.
Bonds Add in bond interest ex from book. Bonds Unit 7 - Investing.
A REVENUE BASED STRATEGY FOR MARYLAND FARMS Mark Powell Marketing, Maryland Department of Agriculture Farmers Market Conference Bowie, Feb. 29,
New Disaster Assistance Programs in the 2008 Farm Bill: Focus on SURE Rod M. Rejesus Assistant Professor and Extension Specialist Dept. of Ag. and Resource.
1. 2  FSA provides emergency loans to help producers recover from production and physical losses due to drought, flooding, other natural disasters, or.
Wesley N. Musser Farm Management Specialist Department of Agricultural and Resource Economics University of Maryland.
Dr. Jody Campiche Assistant Professor & Extension Economist Agricultural Policy Oklahoma State University September 13, 2011.
Wesley N. Musser Farm Management Specialist Department of Agricultural and Resource Economics University of Maryland.
PERFORMANCE BASED LENDING HOW MUCH MONEY IS THE BORROWER GOING TO NEED? TRY NOT TO GET INTO A POSITION WHERE ADDITIONAL MONEY IS NEEDED BEYOND THE ORIGINAL.
1 1 Copyright 2008, All Rights Reserved Dr. G. A. “Art” Barnaby, Jr Kansas State University Phone: (785)
Emergency Loan (EM) Assistance Presentation Developed by: Joe Parcell, Assistant Professor and Extension Economist, University of Missouri Source of Information:
IRRIGATION ISSUES AND PREVENTED PLANTING By Dennis A. Kaan Agriculture and Business Management Specialist.
Pecan Revenue Insurance Program Kelly Pope Asst. Vice-President Insurance Services Farm Credit of NM.
Impacts on the Livestock Sector 2014 Farm Bill Education Conference Kansas City, Missouri September 4, 2014 David P. Anderson Professor and Extension Economist.
The Multiple Peril Crop Insurance Actual Production History (APH) Insurance Plan.
1 Emergency Assistance For Livestock, Honey Bees & Farm- Raised Fish Program (ELAP) Vincent H. Smith & James B. Johnson MSU Department of Agricultural.
1 Insurance for the Minor Crops James B. Johnson, Professor Montana State University 2003 Tenth Annual Crop Insurance Conference Fargo, North Dakota.
USDA Farm Service Agency Iowa July Iowa Farm Service Agency Local County Offices/Service Centers County Committee Both Farm Programs and Farm Loans.
2014 Farm Bill Overview Agricultural Council of Arkansas Board of Directors Meeting West Memphis, AR May 13, 2014.
Dr. Jody Campiche Oklahoma State University April 26, 2013 Crop Insurance and ACRE Update.
Billings Regional Office. PREVENTED PLANTING COVERAGE – THE FACTS  Policy and procedure address acreage eligible for prevented planting coverage and.
USDA Farm Service Agency (FSA) Disaster Programs.
Group Risk Plan.  Departure from traditional approaches Insure county yields  Requires less paperwork  Cost may be less than basic APH.
A right triangle is shown below. The triangle is dilated by a scale factor of 3.5 to create a new triangle. What is the area of the new triangle? A. 24.
11 Livestock Forage Disaster Program (LFP) James B. Johnson Emeritus Professor MSU Department of Agricultural Economics and Economics Billings, MT January.
Risk Management Programs in the 2008 Farm Bill William Edwards, Extension Economist.
11 Livestock Indemnity Program (LIP) James B. Johnson Emeritus Professor MSU Department of Agricultural Economics and Economics Billings, MT January 28,
USDA Farm Service Agency Disaster Program Overview August 2015.
RMA Crop Production and Revenue Insurance Products Lesson Overview In this lesson, we will learn about: – Wyoming acres of annually-planted crops, and.
1 Food, Conservation, and Energy Act of 2008 (Farm Bill) Disclaimer: Provisions provided in this presentation are subject to change or interpretive differences.
The Noninsured Crop Disaster Assistance Program (NAP) Presentation Developed by: Joe Parcell, Assistant Professor and Extension Economist, University of.
Department of Economics Disaster Programs & Crop Insurance Unpacking The 2008 Farm Bill 2008 Breimyer Seminar Columbia, Missouri Sept. 3, 2008 Chad Hart.
Noninsured Crop Disaster Assistance Program. Agriculture & Business Management Introduction 2.
University of Illinois Consortium Outreach 2.ARC / PLC 3.Dairy 4.NAP tool.
Department of Economics SURE Farm Program North Central Iowa Crop & Land Stewardship Clinic Iowa Falls, Iowa December 30, 2009 Chad Hart Assistant Professor/Grain.
RISK MANAGEMENT Fruit Policy Provisions Price Elections Apples – Fresh$6.95/bushel Apples – Processing$1.85/bushel Blueberries$0.47/pound Grapes.
Introduction Farm Bill NAP Training What is NAP? N oninsured Crop Disaster A ssistance P rogram Risk protection 2014 Farm Bill NAP Training 3.
Module 3 - Calculating DDAP-III Benefits Dairy Disaster Assistance Payment Program DDAP-III.
Department of Economics Risk Management for Crop Production Agricultural Credit School Ames, Iowa June 9, 2009 Chad Hart Assistant Professor/Grain Markets.
1. The information in this presentation is for illustration purposes only and is valid the date of posting and is subject to change. This material does.
Forage Risk Management
Module 1 - General Information and Eligibility Provisions Dairy Disaster Assistance Payment Program DDAP-III.
Module 2 - Applying for DDAP-III Benefits Dairy Disaster Assistance Payment Program DDAP-III.
Tim Woods KY Produce Growers and NAP Insurance. How county agents can help 1.Get comfortable helping walk growers through the planning tool –Evaluate.
2013 Risk Management Check Up Is YOUR 2012 Risk Management Plan Adequate to Manage 2013 Risks? (Increasing Input Costs, Prices & Weather Volatility)
ACRE Webinar Gary Schnitkey and Nick Paulson University of Illinois.
Marketing Assistance Loans 1. Provides Interim Financing Nonrecourse Loans as Commodity is Pledged as Collateral 9 Month Loan No early or prepayment penalties.
This institution is an equal opportunity provider. Crop Insurance for 2016 Corn & Soybeans Using 2016 Projected Prices.
RISK MANAGEMENT CROP INSURANCE Submitted by Darrell Boatright Modified by Georgia Agriculture Education Curriculum Office June 2007.
E&O Risk Management: Meeting the Challenge of Change
Noninsured Crop Disaster Assistance Program (NAP)
United States Department of Agriculture Farm Service Agency (FSA)
Livestock Insurance: Overview
Livestock Insurance: Overview
Eligibility Requirements
Livestock Insurance: Overview
Glynn County, GA Flood Remapping January 2018
Record Requirements for FSA Programs
Crop Insurance for Fruit Growers
Farm Service Agency Programs Overview FSA Disaster Assistance
The conference call & webinar will begin at the top of the hour
Iowa Corn Area College of Agriculture and Life Sciences -- Department of Economics 1.
Farm Service Agency Programs for Beekeepers
Being ready for one before one happens
MAL Policy Review 2017 Crop Year
CROP INSURANCE.
Multi-Peril Crop Insurance
Assistance: Flood of 2019 Scott Clawson Area Ag Econ Specialist.
Presentation transcript:

“Swarming with Opportunities”

 Reporting Colonies/Production  NAP Program Provisions  ELAP Program Provisions  MAL/LDP Program Provisions

 Your Headquarter County is where you will (normally) do business.  Crop Year for Reporting purposes is January 1 st through December 31 st.  Report total # of colonies by January 2 nd. ◦ Report all counties in which colonies reside or will reside for the year.  Reporting Changes……30 Days ◦ Buying or selling of Colonies ◦ Moving to a county not previously reported

 If You Participate in NAP…… ◦ Total amount of Honey Production from the prior calendar year by January 2 nd.  Example: Honey Producer A is participating in NAP for 2012; 2011 Honey production should be reported to FSA by January 2 nd of  Keeping Good Records….. ◦ Have of sound method of documenting production  Weight tickets, Sales Records

 Low Level of Insurance Coverage (50/55)  Table & Non-Table HONEY is Eligible  Purchase NAP Coverage through your Headquarter FSA Office  Sales Closing Date: 11/20 ◦ Service Fee of $ for Coverage ◦ Coverage is for production losses as a result of an eligible cause of loss (1-NAP; pg 2-4):  Damaging Weather: Drought, Freeze, Tornado, Hurricane  Adverse Natural Occurrence: Flood, Earthquake

 Ineligible Causes of Loss (1-NAP; pg 4-95)  Establishing Production History (APH) ◦ Maximum of 10 years production ◦ Moving average as production is submitted  Filing a Notice of Loss…. ◦ File a notice of loss through FSA the earlier of 15 days after disaster/damage is apparent. ◦ File a notice of loss in other county office if natural disaster occurred in a county where honey operation resides.  Example: Honey producer lives in Wake; has hives in Wake and Person; disaster occurs in Person that impacts honey production; notice of loss could be filed in Person County.

 Un-Harvested Factor…… ◦ If Honey producer files a notice of loss for an eligible disaster event and indicates that harvest was not attempted will have a payment factor of 85% applied to the loss calculation.

 Calculating a Loss Payment…. ◦ Multiply producer’s highest number of colonies reported to FSA at any time during the year X the producers approved yield = EXPECTED PRODUCTION. ◦ EXPECTED PRODUCTION – ACTUAL/ASSIGNED PRODUCTION = AMOUNT OF PRODUCTION LOSS ◦ Production loss will be used in the Loss Payment calculation. ◦ Let’s look at a Loss Payment Calculation….

 Example Calculation….. ◦ Producer has 115 hives ◦ Approved Yield is 49.0 lbs/hive ◦ Producer reported 2300 lbs harvested production ◦ Payment Rate is $1.9767/ lbs ◦ 115 x 49.0 x 50% = lbs (Disaster Level) ◦ – 2300 = lbs (Production for Payment) ◦ x $ x 55% = $ ◦ NAP Loss payment is $561.76

 Provides emergency assistance to eligible producers of HONEY BEES that have losses because of disease or adverse weather.  Linked to NAP program if producers harvests/sells any Honey from the operation.  Eligible losses must occur between 1/1/08 and 10/1/2011. ◦ 2008 and 2009 deadlines have already passed  2010 and 2011 Signup Period…. ◦ File a notice of loss (application) the earlier of 30 calendar days : of when the loss is apparent OR after the end of the calendar year in which the loss occurred. ◦ File an application of payment within 30 calendar days of the end of the year in which the loss occurred.

 Eligible Loss Conditions for Honey Bees ◦ 1-LDAP; pg 5-27  Eligible Honey Bee Producer ◦ Interest and risk in honey bee colonies: 1) being maintained for producing honey, pollinating, or breeding for commercial use on the beginning date of eligible loss condition. 2) physically located in the county where eligible loss condition occurred on the beginning date of eligible loss condition.

 NAP and ELAP Linkage ◦ If you harvest and sell honey (primary or secondary product), NAP insurance is required to be eligible to participate in ELAP. ◦ Example: Producer raises honeybees as pollinators and harvests the honey (for sale) as a secondary product. NAP insurance for 2011 Honey was purchased on 11/20/2010. Eligible disaster event occurs on 1/30/2011. Because producer purchased NAP, he is eligible to file a notice of loss (application) under the ELAP program.

 Eligible Honeybee Losses…… ◦ Physical Bee Losses  Loss of colonies above normal mortality (17.5%)  Documentation (1-LDAP; pg 5-104)  Colony Collapse Disorder  Documentation (1-ELAP; pg 5-105) ◦ Honeybee Feed Losses  Suffered loss of purchased/harvested feed intended to be used as feed for the colonies  Includes additional feed purchased above normal quantities resulting from an eligible disaster event.  Provide date of purchase, vendor information, type and quantity, and cost of purchased feed. Examples in 1-LDAP; pg and

 Payment Rates and Calculations….  Payment Rates…. ◦ $60 per honeybee colony ◦ $200 per honeybee hive  Example Calculations…. ◦ 1-LDAP, pg & 5-108

 MAL Program…. ◦ 9-month loans ◦ Marketing Tool to maximize profits ◦ Request must be made by 3/31 of year following crop year. (3/31/11 for 2010 Honey production) ◦ Loan rate is $0.69/lbs ◦ Merchantable quality, acceptable containers, Pre- loan inspection, beneficial interest through repayment.  LDP Provisions…. ◦ Active when repayment rate is below base loan rate

 Awareness of FSA programs available to Honey and Honeybee producers.  YOU decide what is beneficial for your operation.

 Reporting Requirements  NAP Program Provisions  ELAP Program Provisions  MAL/LDP Provisions