The Department of Agriculture Tuesday previewed plans to provide up to $250 million in assistance to rice farmers. The plans include what steps rice producers can take to be prepared to sign up when the program is released later this spring.
The full program and application details will not be available until later this year. But farmers can get prepared to signup, if they qualify for a higher payment limitation. The payment limitation for the program is set by law and is higher if the farmer’s average adjusted gross farm income is more than 75 percent of their average adjusted gross income.
Rice farmers may visit their local county office to submit the appropriate form and if they qualify for and want to seek the higher payment limit and get part of the paperwork done early. More information will be provided when FSA announces the signup period in the coming weeks.