Courtesy of NAA:
The US Department of Agriculture (USDA), Farm Service Agency (FSA), has updated the Coronavirus Food Assistance Program (CFAP) 2 payment calculation for aquaculture commodities to account for crop insurance indemnities and payments through the Noninsured Crop Disaster Assistance Program (NAP). This more accurately represents what a producer would have marketed if not for a cause of loss.
CFAP payments to aquaculture producers are now calculated using the producer’s eligible sales in calendar year 2019, and crop insurance indemnities and NAP payments for crop year 2019, multiplied by the applicable payment rate below. This may mean a higher payment for producers.
| 2019 Sales Range | Percent Payment Factor for the Producer’s 2019 Sales of Eligible Commodities Falling in the Range |
|---|---|
| $0 to $49,999 | 10.6% |
| $50,000 to $99,999 | 9.9% |
| $100,000 to $499,999 | 9.7% |
| $500,000 to $999,999 | 9.0% |
| Sales over $1 million | 8.8% |
Aquaculture producers who applied during the CFAP 2 sign-up period that closed December 11, and received insurance indemnities or NAP payments for the 2019 crop year, should contact their local USDA Service Center to modify their CFAP 2 applications. Producers can make modifications between January 19 and February 26, 2021. Visit farmers.gov/cfap2/apply to learn more about modifying your existing CFAP 2 application.
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