USDA awards $2.14 Billion to farmers

Oct 22, 2024
By Farms.com

Funds aim to boost conservation and farm stability

The U.S. Department of Agriculture (USDA) confirmed it will start issuing payments totaling over $2.14 billion to agricultural producers and landowners who participate in key federal conservation and safety-net programs. This funding, managed by the USDA's Farm Service Agency (FSA), underscores a substantial commitment to the sustainability and economic resilience of America's farming communities.

Producers enrolled in the Conservation Reserve Program (CRP) and the CRP Transition Incentive Program (CRP TIP) will receive a significant portion of these funds. Over $1.7 billion will be paid out to incentivize the cultivation of resource-conserving plant species, aiming to improve soil stability, water quality, and wildlife habitats.

An additional $447 million will be allocated through the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. These safety-net programs are vital for cushioning farmers against fluctuating market conditions and ensuring their economic stability.

The USDA has pledged $21 million to support the monitoring, assessment, and evaluation of the Conservation Reserve Program's effectiveness. This funding will help fine-tune the program to yield better conservation outcomes and bolster the program’s contributions to agricultural sustainability.

With these payments, the USDA continues to support the nation’s farmers, ensuring they can continue to operate sustainably while contributing to the country’s food security and environmental health.

For details on eligibility and program benefits, interested parties should visit their nearest USDA service center.

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