Good Farming Practices, Conservation, Value-Added Grant

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What Does “Good Farming Practices” Really Mean? GFP are the procedures a farmer must employ in order to receive a full crop insurance indemnity when they have a loss.  A farmer’s indemnity payment is reduced based on the amount of the loss that is attributed to their failure to employ GFP. A well-defined standard for the production of a crop (aka GFP) reduces the moral hazards associated with federally subsidized crop insurance because a farmer that does not care for their crops up to the standard, cannot receive their full indemnity, thus having the standard encourages them to at least meet it.  The history of federal crop insurance includes numerous instances of anemic attempts to grow a crop, episodes that took place only because of the existence of highly subsidized insurance…

USDA Releases Guidance Documents for Conservation Initiatives In the final days of October, USDA’s Natural Resources Conservation Service (NRCS) provided its state NRCS offices with national guidance on when and how to administer various conservation initiatives for fiscal year 2015.  The initiatives are funded through the Environmental Quality Incentives Program and Agricultural Management Assistance program…

Dairy Farmer Uses Grant for Value-Added Cheese Production From asiago to brie to cheddar, cheese is beloved by cultures around the world and found in cuisines from Sweden to South Africa.  And for producers, capitalizing on humanity’s love affair with cheese just makes sense.  Turning milk into mozzarella is a classic example of value-added production, and it earned Kansas dairy farmer Jason Wiebe a $120,000 value-added producer grant from the in 2014…