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TSCRA Daily News Update, August 22, 2008
Livestock producers eligible for federal disaster assistance program Under the 2008 farm bill, farmers and ranchers who suffer losses as a result of natural disasters after the 2007 crop year are eligible for assistance programs. The disaster programs include a livestock forage program for drought-affected livestock farmers, a livestock indemnity program to compensate ranchers for livestock losses caused by a disaster, emergency assistance for livestock, honeybees, and farmed-raised fish, and a supplementalrevenue assistance payment program. To be eligible for these new programs, producers must have federal crop insurance or coverage under the Noninsured Crop Disaster Assistance Program (NAP). Since the 2008 farm bill was enacted after the application periods had closed for these programs, producers who did not have such coverage could not comply with this requirement. The 2008 Act recognizes this dilemma by providing a waiver that allows producers to pay a "buy-in" fee to be eligible for this new disaster assistance. Every producer whose crops, including grazing lands, are not fully covered by catastrophic risk protection insurance or NAP may take advantage of this one-time opportunity. The "buy-in" fee is due no later than Sept. 16, 2008. You can read the buy-in summary here: go. For more information, go to the Farm Service Agency (FSA) Web site at http://www.fsa.usda.gov, or call your local FSA office.
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