As of Tuesday, May 12, 2015
From the FSA Office:
Selected Loan Interest Rates for May 2015
Farm Operating Loans —
Direct 2. 5 percent
Farm Ownership Loans —
Direct 3.625 percent
Farm Ownership Loans - Direct Down Payment, Beginning Farmer, Rancher
Direct Farm Ownership - Joint Financing
Farm Storage Facility Loans (seven years)
The Idaho County Farm Service Agency has a disaster program available for ranchers.
The Livestock Indemnity Program (LIP) provides assistance to eligible producers for livestock death losses in excess of normal mortality. If livestock die due to adverse weather or attacks by animals reintroduced into the wild by the federal government or protected by federal law, LIP compensates livestock owners and contract growers.
The 2014 Farm Bill enhanced the program to include attacks by certain animals as well as death due to adverse weather conditions such as hurricanes, floods, blizzards, wildfires, extreme heat, and extreme cold.
“With the enhanced policy, I would like to see this program more utilized by ranchers,” said Idaho County Executive Director, Julie Fowler.
For 2015, eligible losses must occur on or after Jan. 1, 2015, and before Dec. 31, 2015. A notice of loss must be filed with FSA within 30 days of when the loss of livestock is apparent. No later than thirty calendar days after the end of the calendar year for which benefits are requested, participants must provide the following supporting documentation to their local FSA office:
• Proof of death documentation
• Copy of grower’s contracts
• Proof of normal mortality documentation with beginning, ending herd inventory
USDA has established normal mortality rates for each type and weight range of eligible livestock, e.g., adult beef cow = 1.5 percent and non-adult beef cattle (less than 400 pounds) = 3 percent. These established percentages reflect losses that are considered expected or typical under “normal” conditions. Producers who suffer livestock losses in 2015 must file both of the following items:
A notice of loss the earlier of 30 calendar days from the date the loss was apparent or by January 30, 2016, (Multiple notices of loss may be filed throughout the year).
An application for payment by Jan. 30, 2016.
“We are happy to answer producers’ questions and make this program accessible,” said Fowler.
Information about LIP is available at the Idaho County FSA office in Grangeville: 983-1050, ext. 2, 102 South Hall Street in Grangeville. Go online at www.fsa.usda.gov.