USDA: Six Out Of Seven Missouri Farmers To Benefit From Progressive Factoring

USDA has released figures suggesting that six out of seven Missouri farmers impacted by natural disasters in 2022 would receive more relief under the department’s new progressive factoring option.  The department had announced the new equation in late October when opening signups for the Emergency Relief Program, switching from a flat factor of 27 percent.  Farm Service Agency state executive director Joe Aull…

Shortly after USDA opened ERP signups, the National Corn Growers Association spearheaded a letter to USDA opposing the progressive factor setup, saying that the policy would deliver the least amount of benefit to those who lost the most outside of the payment limits provided in the statute.  NCGA says that support should be equitable for losses of all magnitudes.

As for eligible payments, Aull says USDA will release $3.2 billion in two tracks.

The second track will provide payments for uninsured losses.  FSA State Executive Director Joe Aull advises farmers who may have qualifying losses to check with their local USDA Service Center to determine their status and any additional information that may be needed.  USDA has not yet set a deadline to apply for disaster relief.