The deadline is fast approaching for farmers to sign up for an important federal subsidy program. Steve Phillipps of the Farm Service Agency says June 1st is the deadline to sign up for the Direct and Counter-cyclical Payment Program. He says the program provides payments for corn and soybeans based on the historic yield as part of the direct payment and the counter-cyclical part is an additional payment based on the price of the corn and beans at for the marketing year. Phillipps says the payments can add up for farmers. He says for corn it’s probably about 20-dollars-an-acre and about half that much for beans. Phillipps says it will cost you in another way if you don’t meet the deadline. Phillips say there’s a 100-dollar late filing fee if you miss the June deadline, and then you have until September 30th to sign up. Phillipps says you can sign up for the program at your local Farm Service Agency.
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