Maryland Reservation of Production Payment

State:
Multi-State
Control #:
US-OG-481
Format:
Word; 
Rich Text
Instant download

Description

This form is used for the assignor to except from the assignment and reserve out of the interests assigned to assignee a production payment.

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FAQ

The Conservation Reserve Program (CRP) is a voluntary program for agricultural landowners. Through CRP, you can receive annual rental payments and cost-share assistance to establish long-term, resource conserving covers on eligible farmland.

The national minimum rental rate is $15/acre with a maximum of $51/acre plus a 5% Climate-Smart Practice Incentive. (If you make an offer below the maximum payment rate determined, you gain more ranking points.) The sign-up period for Grasslands CRP in 2021 runs through Aug.

The 1985 Farm Bill authorized USDA to enroll up to 45 million acres in CRP, though actual enrollment has never exceeded 37 million acres. Between 1985 and 2008, the enrollment cap was reduced to 36 million acres before being increased to 39 million and then reduced again to 32 million acres.

The federal Conservation Reserve Program (CRP) is a voluntary program that compensates landowners who agree to adopt certain conservation practices instead of actively farming their land.

The base soil rental rate for the land is $135 per acre. The incentive payment is $270 per acre ($135 x 2.0). The producer's annual rental rate will be $405 per acre ($135 + $270), for a total annual payment of $6,075 ($405 x 15 acres).

In October 2023, FSA issued more than $1.77 billion this year to agricultural producers and landowners for participating in CRP in 2023. This included payments to more than 667,000 participants for more than 23 million acres enrolled in the program. Read more in our October 16 news release.

About the Conservation Reserve Program (CRP) In exchange for a yearly rental payment, farmers enrolled in the program agree to remove environmentally sensitive land from agricultural production and plant species that will improve environmental health and quality.

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Maryland Reservation of Production Payment