Several new twists and turns in the farm bill may add a new level of complexity to farm management decisions, making a thorough understanding necessary for a producers, landowners, bankers, agribusinesses and crop insurance agents.
To help shed light on some of these changes, Oklahoma State University Cooperative Extension has partnered with the United States Department of Agriculture to host Farm Bill Information meetings at various locations throughout the state.
“The 2014 Farm Bill includes key changes to farm commodity programs. Landowners and producers have the opportunity to choose between several commodity programs, update yields and reallocate base acreage,” said Jody Campiche, assistant professor in OSU’s Department of Agricultural Economics. “In addition, a new supplemental crop insurance program will be discussed.”
Representative from many different agencies will present details on new programs and important deadlines within the bill. Discussion items will include agricultural risk coverage, price loss coverage, ARC/PLC decision tools, base reallocation and yield update, supplemental coverage option and other USDA programs authorized by the 2014 Farm Bill.
“Producers and landowners have a one-time opportunity to elect ARC or PLC, reallocate base acreage and/or update payment yields. The one-time decision will remain in effect for the life of the 2014 farm bill,” Campiche said. “The optimal program choice will vary across different crops and farms, so producers and landowners should take the time to learn about the programs so they can choose the best option for their farming operations.”
The meetings are free and open to the public. Meetings during the day are slated to begin with presentations at 9:30 a.m. and continue until 12:30 p.m., when lunch will be provided. The evening meetings will begin at 5:30 p.m. and last until around 8:45 p.m.
- October meetings: Stillwater (28th), and Enid (29th)
- November meetings: Altus, (5th) Ardmore (12th), Lawton (13th), Chickasha (13th), Poteau (20th), McAlester (21st), Goodwell (24th), Woodward (25th) and Alva (25th).
- December meetings: Durant (1st), Clinton (2nd), Miami (4th), and Pryor (9th).
To RSVP for a meeting, contact your local county Extension office.