FSA, Insurance & Planting Decisions 1-19-2015 There is going to be a bit of office time and pencil pushing in the coming few weeks. I think the tasks in front of us are more straight forward if we keep them separated. The simplest will probably be the task of updating bases, yields and in general signing up for the new Farm Bill at the FSA office, mainly because it does not have much overlap. There are some basic questions to consider but most people are going to come up with the same answers. Tom has sent out a number of emails to dive into the details but overall - not a big deal. I think the misery is going to be for the long lines for folks that wait till the last week to go sign up. Tom, Chris or I would love to sit down with you if you have questions or are willing to share your perspective. The next decisions will be where you spend more time and pencil pushing and that will involve Enterprise analysis and Risk analysis to figure out what to plant where, and how to sign up for crop insurance and the Cotton Stax program which will be at the Insurance Office and not FSA. This is where we will see more variation on what folks do.
BOTTOM LINE - There is going to be a longer line at the FSA office than anywhere the later it gets, especially once we get to March, so I would knock that chore out ASAP.
DISCLAIMER: The data contained herein is for informational, conversational, and philosophical thinking and is for general purposes only. Ideas expressed apply to the Upper Southeast growing region. Although the information was obtained from various sources, which we believe to be reliable, we do not in any way guarantee its accuracy or completeness. Comments are influenced by past experiences, personal bias and hypothetical speculation by the writer and are not always accurate predictors of future events. Specific references to Agricultural Products and Rates are used for examples and do not reflect specific endorsement or recommendations for use. Always read and follow all label directions and precautions for use. We disclaim any responsibility for any errors or omissions contained herein. FULL DISCLOSURE: There is no compensation received by Johnny to promote any product referenced with in this blog. Johnny is a paid employee of Commonwealth Gin