Missing Form May Delay Farm Payments from FSA

LUBBOCK, TX – For any producer who has experienced a delay in receiving Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) payments, Loan Deficiency Payments (LDPs), Market Gains on Marketing Assistance Loans (MALs), or any other farm program payouts, it may be due to a missing form. According to Combest, Sell, and Associates, a missing form CCC-941 – an Adjusted Gross Income Certification – could be to blame. USDA explains that without a valid CCC-941 on file for the applicable crop year, payments cannot be made. Farm operators and tenants are encouraged to ensure that their landowners have filed the form with the local Farm Service Agency (FSA) office. FSA can accept the form for 2018, 2019, 2020, and 2021 but unlike in the past, the CCC-941 must provide certification of adjusted gross income (AGI) compliance before any payments can be issued.
(SOURCE: All Ag News)