OMAHA (DTN) -- Farmers will take a 6.8% cut in their farm-program payments because of federal sequestration rules, Ag Secretary Tom Vilsack said Wednesday at a House Agriculture Committee hearing on dietary guidelines.
The cut covers several USDA programs, including the Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. It also affects marketing loans, sugar loans and the Noninsured Crop Disaster Assistance Program.
Payments under PLC and ARC for 2014 will be cut 6.8% no matter when a farmer went to a Farm Service Agency county office to sign up, Vilsack said.
Payments will go out to farmers ...