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Re: Jackrabbits and Coyotes
The current farm bill is effective through September 30, 2012.
The current farm bill requires that CRP Rental Rates be reviewed annually by FSA. This review includes input from the locally elected FSA County Committees.
The formula is based on the productivity of the soil. The values are based on various statistical data including data obtained by SDSU.
There were many CRP contracts in 1997 with rental rates of $50 per acre. In 2007 when the contracts matured, the cash rental rate was much higher. There is now an inflationary factor built into the formula to try to compensate for the increasing cash rental rates.
There was land placed into CRP in 1997 that was driven more by the ag economy versus the productivity of the soil. Had it not been for the poor commodity prices in 1997, the more productive soils would have never been enrolled in 1997.
We are probably getting to the point where the land that is in CRP is being enrolled due to the lack of productivity of the soil versus having the ag economy driving the number of acres in CRP.
The current farm bill is effective through September 30, 2012.
The current farm bill requires that CRP Rental Rates be reviewed annually by FSA. This review includes input from the locally elected FSA County Committees.
The formula is based on the productivity of the soil. The values are based on various statistical data including data obtained by SDSU.
There were many CRP contracts in 1997 with rental rates of $50 per acre. In 2007 when the contracts matured, the cash rental rate was much higher. There is now an inflationary factor built into the formula to try to compensate for the increasing cash rental rates.
There was land placed into CRP in 1997 that was driven more by the ag economy versus the productivity of the soil. Had it not been for the poor commodity prices in 1997, the more productive soils would have never been enrolled in 1997.
We are probably getting to the point where the land that is in CRP is being enrolled due to the lack of productivity of the soil versus having the ag economy driving the number of acres in CRP.
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