Lucky said:Did anyone get the text or email about the CFAP program today? If so did anyone understand what they going to do?
You can get $33 per head for every feeder, cow, calf, bull that you owned between April 15 and May 14Lucky said:I'm still holding on to last years calf crop born from 2/19 - 4/15. Have not sold a calf since 6/19 I didn't understand if I would get anything for holding on. Doesn't make sense to sell them in a down market. But looking like might have been best to shuck them a few months back.
kenny thomas said:You can get $33 per head for every feeder, cow, calf, bull that you owned between April 15 and May 14Lucky said:I'm still holding on to last years calf crop born from 2/19 - 4/15. Have not sold a calf since 6/19 I didn't understand if I would get anything for holding on. Doesn't make sense to sell them in a down market. But looking like might have been best to shuck them a few months back.
Lucky said:I'm still holding on to last years calf crop born from 2/19 - 4/15. Have not sold a calf since 6/19 I didn't understand if I would get anything for holding on. Doesn't make sense to sell them in a down market. But looking like might have been best to shuck them a few months back.
ChrisB said:Lucky said:I'm still holding on to last years calf crop born from 2/19 - 4/15. Have not sold a calf since 6/19 I didn't understand if I would get anything for holding on. Doesn't make sense to sell them in a down market. But looking like might have been best to shuck them a few months back.
I'm guessing there will be a second round of payments after the second quarter. Otherwise the 4/15 date makes absolutely no sense. There were a lot of people that had fat cattle ready to sell and no market for them from mid April through the first part of may. I think you will be money ahead holding them. But what do I know.
ChrisB said:I'm guessing there will be a second round of payments after the second quarter. Otherwise the 4/15 date makes absolutely no sense.
Lucky said:This is what I'm hoping for. I don't care so much about a payment on the mother cows but some help on these yearlings would be nice. $33 dollars a head doesn't go very far when the market is down $150-200 a head. I talked to a man that has 700 hd in the feedlot weighing 1,500# and there's nowhere for them to go. That's a rough deal.
I would think most average cattle people would qualify. The key word there is the "or". I know I will not touch the $900,000 mark.1982vett said:How many applications are going to be denied because of this....
https://www.farmers.gov/sites/default/files/documents/FSA_CFAP_General_Fact%20Sheet-2020-5-26-20.pdf
To be eligible for payments, a person or legal entity
must either:
• have an average adjusted gross income of less than
$900,000 for tax years 2016, 2017, and 2018; or
• derive at least 75 percent of their adjusted gross
income from farming, ranching, or forestry
Top of the second column, first page.
tom4018 said:I would think most average cattle people would qualify. The key word there is the "or". I know I will not touch the $900,000 mark.1982vett said:How many applications are going to be denied because of this....
https://www.farmers.gov/sites/default/files/documents/FSA_CFAP_General_Fact%20Sheet-2020-5-26-20.pdf
To be eligible for payments, a person or legal entity
must either:
• have an average adjusted gross income of less than
$900,000 for tax years 2016, 2017, and 2018; or
• derive at least 75 percent of their adjusted gross
income from farming, ranching, or forestry
Top of the second column, first page.
1982vett said:tom4018 said:I would think most average cattle people would qualify. The key word there is the "or". I know I will not touch the $900,000 mark.1982vett said:How many applications are going to be denied because of this....
https://www.farmers.gov/sites/default/files/documents/FSA_CFAP_General_Fact%20Sheet-2020-5-26-20.pdf
To be eligible for payments, a person or legal entity
must either:
• have an average adjusted gross income of less than
$900,000 for tax years 2016, 2017, and 2018; or
• derive at least 75 percent of their adjusted gross
income from farming, ranching, or forestry
Top of the second column, first page.
Ahh...missed that. Does change the way I interpreted it.
Thanks, I'll take the time to figure out the info the want now.
tom4018 said:Anyone got their payment yet? Got a email that they had started making payments.
tom4018 said:Anyone got their payment yet? Got a email that they had started making payments.