Thursday, October 25, 2007

Compensation for natural disasters

The USDA's Farm Service Agency (FSA) Livestock Compenstation Program (LCP) 2005-2007 provides benefits to livestock producers who suffered feed losses or incurred additional feed costs directly resulting from natural disasters (e.g. drought) occurring between January 1, 2005, and February 28, 2007.

To be eligible under LCP, livestock must have been maintained for commercial use in an eligible county (list of eligible counties) on the beginning date of the disaster period. Producers incurring a loss in more than one year, must choose only one year for which to receive benefits.

FSA will calculate payments by multiplying the national payment rate for each livestock category (sheep and goats, $2.67; adult beef, $10.66; non-adult beef, $8.00; and some equine, $7.89) by the number of eligible livestock in each category. Camelids are not included.

For more information about LCP and to find out if you are eligible for payments, visit your local Farm Service Agency (FSA) office.

Source: USDA-FSA Fact Sheet: Livestock Compensation Program 2005-2007 (September 2007).