Latest News We look back at 2008 No action taken by council on meat plant The Great American Lager Belgian owned Barley workshop slated for Conrad I-O publisher Jack Lee passes away Popular Wyatt Stokes charged with embezzlement The news in review for 2006 Top stories that made the news in 2005 Wyatt Stokes pleads guilty in federal court Wyatt Stokes sentenced to three years for fraud Home News Latest Pondera County fourth in FSA farm payments Pondera County fourth in FSA farm payments Wednesday, 07 March 2007 Article Index Pondera County fourth in FSA farm payments Page 2 Page 2 of 2     Producers received $30.9 million in disaster assistance programs during FY06. These programs assisted them in maintaining their viability during extensive drought and other natural disasters.     Payments from the Crop Disaster Assistance Program (CDP) came to $2.396 million and helped compensate producers who suffered crop losses due to adverse weather and other natural disasters.     The American Indian Livestock Feed Program provided feed assistance to livestock owners on tribal-governed lands and amounted to $2.677 million.     The LAP program or Livestock Assistance Program provided for assistance with grazing losses and came to $25,281,643 and the Non-insured Crop Disaster Assistance Program paid out $529,087 and covered crops for which crop insurance is not available.     Farmers and ranchers received $25,382,026 in support through loan deficiency payments, market gains and the Milk Income Loss Contract Extension Program (MILCX).     These programs help improve and promote the economic stability of Ag-communities.     LDPS or Loan Deficiency Payments of $20,921,038 were made to producers who agreed to forego a commodity loan in return for a payment of the eligible commodity.     LDP provisions allow compensation when market prices are low, as long as the producer maintains beneficial interest in the commodity.     The MILCX program paid out $1,036,558 to financially compensate dairy producers when domestic milk prices fall below a specified level.     Farm loans tallied up to $38.2 million from 289 loans made by the FSA. A portion of the funds went to these specific groups.     Twelve loans for $49,750 went to provide youths the chance to learn how to manage a business and their finances. A $5,000 limit is placed on this loan program.     There were 85 loans that totaled over $8.1 for Beginning Farmers and Ranchers. The loans were for those who had not operated a farm or ranch for more than 10 years and would be participating in the day-to-day operation of the operation.     Minority Producer loans went to 64 producers and totaled $4.5 million.     These loans are provided to borrowers who are members of groups that have not always had access to FSA financing such as women, African-Americans, Native Americans, Asian Americans and Hispanics.     For more information on these and other FSA programs contact the local FSA office at 278-7611 or visit their Website at www.fsa.usda.gov/mt. << Prev - Next   < Prev   Next > [ Back ]