USDA Emergency Commodity Assistance Program (ECAP)

Mar 24, 2025

The United States Department of Agriculture (USDA) is allocating up to $10 billion directly to agricultural producers through the Emergency Commodity Assistance Program (ECAP) for the 2024 crop year. This funding aims to support growers facing multiple years of low crop prices combined with high input costs.

The economic relief payment, approved under the American Relief Act, is determined by the number of planted and prevented-planted crop acres in 2024 for eligible commodities. Corn will receive a payment rate of $42.91 per acre, while wheat will be paid at a rate of $30.69 per acre. A complete list of eligible commodities is available here.

Growers can use the payment calculator to estimate their payment amount for eligible commodities and acreage. Payments will be distributed as applications are approved, with initial payments calculated at 85% to ensure the total program payments stay within available funding. If there are remaining funds, the FSA may issue a second payment.

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Video: Cheapest States to Buy Farmland in America

The United States has more than 895 million acres of farmland, which includes all rural land tied to farming operations, from highly fertile Midwest cornfields to vast grazing ranges in the West, as well as the undeveloped rural land, which is often sold as ranches, homesteads, or uncultivated lots. Nowadays investing in rural land is very lucrative even billionaires like Bill Gates, Jeff Bezos, and Warren Buffett have bought up thousands of acres of farmland across America. In contrast to investors, agricultural companies, and business moguls, some buy farmland for their own requisites, like starting a small farmstead, creating a cottage, and becoming self-resilient. In this video we have ranked the top cheapest states to buy farmland according to the per-acre land value, which is accumulated from the United States Department of Agriculture. The USDA’s per-acre land values come from an annual survey, which is cross-checked with actual sales data, appraisals, and market trends to ensure accuracy. So here are The top Cheapest States to Buy Farmland.