USDA will not issue final 2008 wheat, barley, oat CCPs
Secretary of Agriculture Tom Vilsack July 13 said that U.S. Department of Agriculture will not issue final 2008 counter-cyclical payments to farmers enrolled in the Direct and Counter-Cyclical Program for wheat, barley and oats because prices for these commodities have averaged well above levels that trigger counter-cyclical payments.
The 2008 farm bill requires 2008 final counter-cyclical payments to be paid as soon as practical, following the end of the marketing year, but not sooner than Oct. 1. Because the National Agricultural Statistics Service published the final marketing year average prices for wheat, barley and oats on June 29, Secretary Vilsack can now tell producers that no final payments will be made for these commodities. The 2008 farm bill provides that one partial counter-cyclical payment may be issued after 180 days of the marketing year. However, USDA did not issue a partial payment for the 2008 crop of wheat, barley or oats because markets were strong.
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