No Partial 2007 Countercyclical Payments

Corn, soybeans and grain sorghum will not receive payments for 2007 crop year.

The average market price for corn, grain sorghum and soybeans are above levels that would trigger USDA's direct and countercyclical program payments for 2007. USDA announced Tuesday that partial payments on those commodities would not be made.

In December, it was announced that wheat, barley and oat producers would not receive partial countercyclical payments due to high prices. Last month, upland cotton and peanut growers with acres enrolled in the Direct and Countercyclical Program would receive $300 million and $15 million respectively while rice would not receive partial payments.

For more information visit your local Farm Service Agency office or click HERE

TAGS: Soybean
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