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LEASED EQUIPMENT
For equipment that is leased from an individual, joint operation or entity that has interest in the farming operation, payment must be made by the agreement due date, or if not specified by contract, by
the *31st of December of the applicable crop year.
* or date established by COC if more restrictive
PAYMENT LIMITATION
Determinations:
Producers are reminded that no program benefits will be made until the FSA office has made all the necessary payment limitation and eligibility determinations. Producers will remain ineligible until all
the required forms that include information pertaining to their farming operations are provided to the office. The FSA County Committee or the producer may initiate the payment limitation and payment
eligibility determinations. If the producer requests the determination, the request may be filed anytime before the final date for submitting form CCC-502 (Farm Operating Plan for Payment
Eligibility Review).
Programs and Payment Limits
The following FSA programs are subject to payment limitation and eligibility provisions. Listed after each program is the applicable payment limitation for 2005.
DCP/Direct Payment: $40,000
DCP/Counter-Cyclical Payment - $65,000
LDP's and Market Gains: $75,000
Conservation Reserve Program(CRP) - $50,000
Emergency Conservation Program(ECP) - $200,000
Noninsured Assistance Program (NAP) - $100,000
Milk Income Loss Contract (MILC) - There is no payment limitation for MILC. These payments are limited to 2.4 million pounds of production per year.
PROVIDING INFORMATION
Statutory provisions require that all entities, individuals, partnerships, joint operations, corporations, trusts, etc. - - provide the names, addresses and ID numbers of the entity’s members to the FSA
County Committee. Also, entities must inform their members of the requirement for designating “permitted entities” for payment purposes. Spouses may be considered separate “persons” for payment limitation purposes if this determination is requested and all the applicable requirements to be determined a “person” are met.
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