If You Want Crop Insurance Subsidies, Be In Conservation Compliance
For farmers to continue to receive premium subsidies for crop insurance, they must be in conservation compliance with the local FSA office. In order to be in compliance, the producer must file form AD-1026 with the FSA. If you already participate in any of the farm programs, you are in compliance.
However, if you have never participated or do not have covered crops, but still use crop insurance for non-covered crops, you will need to be in compliance by June 1, 2015. If not, you will not be eligible for any premium subsidies. The RMA has a good FAQ on this subject and if this applies to you, I would certainly recommend you get familiar with it now and do not wait until May of 2015.
Paul Neiffer, CPA
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
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