Market Matters Blog
Katie Micik DTN Markets Editor

Thursday 08/16/12

Early FSA Acreage Data Differs from NASS
Preliminary acreage estimates from the Farm Services Agency show some wide differences from the data NASS is using as the base of its supply and demand and crop production reports. Which numbers to watch? The market spreads.[Read Full Blog Post]
Posted at 3:36PM CDT 08/16/12 by Katie Micik | Post a Comment
Comments (4)
I've heard from a little birdie -- apparently one reason for the discrepancy between FSA's numbers and NASS's estimates is a change in the FSA handbook that waived fees for filing late acreage reports. "With $6 corn and $17 soybeans, the threat of not 'earning' the DCP DIRECT payment doesnâ?™t seem as significant, anymore. When this came out, it removed one of the incentives we had to get the farmers into the office, timely." Another reason why these preliminary numbers need to be taken with a grain of salt.
Posted by KATIE MICIK at 4:57PM CDT 08/17/12
Okay maybe a �birdie�, but Katie here is our problem, we are hearing another blog reporting the FSA acreage in the exact opposite of your analysis, bottom line is FSA reporting higher or lower acres?
Posted by Tom Grundman at 10:05AM CDT 08/19/12
Katie, The FSA figures should be right on the money, acreage wise. How do I know? Well, I worked in compliance and aerial photography for the FSA for 30+ years, and since the age of computers, the acreage reported must match the recorded acreage figure per farm number. When someone disputes FSA figures, they are do not necessarily know what they are talking about. When a farmer reports acreage by the July 15th deadline, the report must equally calculate out for the EXACT acreage for each farm number. I even did spot checking on our aerial maps, when farmers could not come up with the field and farm acreage. The acreage report was never done, until all figures in the computer matched. After the reporting deadline, all figures are sent to the State Office, and National Office, for record keeping.
Posted by Rodney Hess at 3:51PM CDT 08/21/12
Kaite, the fee waiver is just a political gesture. The late filing fees only amount to roughly $100/ farm number. I'm on a county committee. $100 in todays dollars isn't much of an incentive or deterrent, so I don't think it would make any significant impact on whether someone's late or not. The thought of "I'm late!" probably has more to do with someone's decision.
Posted by Benjamin Dick at 1:01PM CDT 08/23/12
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