FSA MFP Payment
We can help you submit the form!
How can we help?
We will help you fill out, sign & submit the MFP form to FSA.
Once the form is filled out and signed, we will scan and email a copy to your FSA office saving you a trip to FSA.
As soon as you are finished with harvest, please contact us and we will help you do two things:
Fill out your crop insurance production report.
Then using the same yields we will help you determine by crop your total SHARE bushels for all counties combined - this single number by crop is what the MFP form requires.
The deadline to file the MFP form is Jan. 15th, 2019
How much is the payment?
The total potential payments by crop are:
Soybeans - $1.65 per bushel
Corn - $0.01 per bushel
Wheat - $0.14 per bushel
Sorghum - $0.86 per bushel
At this time, a payment will be issued on the first 50 percent of the producer’s total production of the commodity.
On or about Dec. 3rd, 2018, FSA will announce a second payment rate, if applicable, that will apply to the remaining 50 percent of the producer’s production.
What is MFP?
The Market Facilitation Program is a program being administered by FSA to provide direct payments to help producers of corn, soybeans, wheat, sorghum, and other crops who have been directly impacted by illegal retaliatory tariffs, resulting in the loss of traditional exports.
President Trump directed Secretary Perdue to craft a short-term relief strategy to help producers while the Administration works on free, fair, and reciprocal trade deals to open more markets in the long run to help American farmers compete globally.
Links:
The links below contain a lot of the info above and more
More info & details:
Submit form to your FSA admin county
Moisture / Shrink
Corn - if moisture is above 15.5%, bushels should be shrunk to 15.5% at 1.2% per point of MO (similar to Multi-Peril Crop Insurance (MPCI), except MPCI shrinks to 15.0%).
Soybeans - if moisture is above 13.0%, bushels should be shrunk to 13.0% at 1.2% per point of MO (exact same as MPCI).
Seed Corn - use actual yield, no scaling up factor allowed
Production Records / Source of Production Evidence - not required to provide with form submission, but may be spot checked and asked to provide.
You will be more likely to be spot checked if yields reported are high
Bin Measurements - if you would like to have one of your grain bins measured, please contact us and we can have the crop insurance adjuster measure - no charge
FSA charges for bin measurements - approx. $30 per request, and $30 for each additional section / bin site they have to drive to
If you don’t want money in the 2018 tax year, then don’t submit your form to FSA until Jan. 1st, 2019
If you have questions or
if there is something we can do to help,
give us a call or stop by our office.
