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Archive for the ‘South Dakota Farm Loans’ Category

South Dakota SURE Program in Effect

Monday, February 8th, 2010

As of January 5, 2010 South Dakota producers are eligible for the Supplemental Revenue Assistance Payments (SURE) program.

Senator John Thune made the announcement following the approval of the program through the 2008 Farm Bill. Payments will be made until September 30, 2011.

“The Farm Safety net is designed to give farmers and ranchers a measure of peace of mind when natural disaster strikes,” Thune explained. “Permanent disaster programs provide assurance that needed disaster funding will not be held up by political gamesmanship in Washington.”

The program will benefit producers because the money will be available immediately from the state.

Those eligible include producers with land in counties with a USDA Secretarial Disaster Designation and countiguous counties. Producers outside the counties with crop production that is less than 50 percent normal is also eligible.

Contact your local Farm Service Agency for more information.

Inflation fears? Refinance with Farm Plus before farm loan rates rise. Farm loan rates starting at 2.99% with 25 year terms. See our rate sheet here or call, toll free, 866-929-5585.

Acres Removed From Program

Tuesday, December 8th, 2009

3 million acres of farmland are being taken out of the federal conservation program and may be tilled. The change has many environmentalists concerned about wildlife habitat, water quality and soil erosion.

39 million acres of farmland across the country are protected by the Conservation Reserve Program, but 3.4 million acres were taken out in September. The removal stems from present owners’ not renewing their contracts.

A change in the 2008 Farm Bill also caused the removal because the bill caps the program at 32 million acres.

Most of these acres are located in Texas, Kansas and Colorado. North and South Dakota, as well as Montana are also effected.

Inflation fears? Refinance with Farm Plus before farm loan rates rise. Farm loan rates starting at 2.99% with 25 year terms. See our rate sheet here or call, toll free, 866-929-5585.

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