john250":j5vv3etv said:
I keep reading this thread, Tom, and I keep getting hung up on the $190/acre.
That seems really high, to me. Those payments are supposed to be based on average cash rents in an area.
I know the land around your area is very productive. But, up here in the corn belt, rents are still less than $190/acre.
Is your land unique in some way?
John,
The program is different than regular CRP, this CREP program is for only certain areas they are trying to protect water quality they say. They are paying incentives on it and double the normal rental rate. I had them redo the plan and took a few acres out around the house and the average rate is $197 now for about 40 acres, some of the ground is over $200.
I got a copy of the terms yesterday to read over and some things concern me. As I said before it has to be seeded in native grasse and they cost share it. The terms state that you have to mantain the cover for the contract and they say the native grasses are hard to establish, so you would be out more money. They also keep stating payments and cost share are subject to funding.
Got a lot of thinking to do this weekend.