The U.S. Department of Agriculture (USDA) and Farm Service Agency (FSA) are issuing over $2.5 million in payments through the On-Farm Stored Commodity Loss Program.
The On-Farm Stored Commodity Loss Program supports producers who suffered great losses of eligible harvested commodities while stored in on-farm structures in 2023 and 2024 from a natural disaster event.
“Catastrophic natural disaster events in 2023 and 2024 destroyed harvested commodities stored on the farm, preventing farmers from marketing those commodities and adversely impacting their bottom line,” said FSA Administrator Bill Beam. “Through these On-Farm Stored Commodity Loss program payments, USDA is putting Farmers First by providing critical economic support that helps sustain America’s farming operations and protects our rural economies.”
The On-Farm Stored Commodity Loss Program assistance is calculated using 75% of the National Agricultural Statistics Service (NASS) Market Year Average (MYA) Price to establish one national rate per eligible commodity for each year. The NASS MYA Price is multiplied by 75%, meaning the producer absorbs 25% of the loss.
To calculate the OFSCLP payment, FSA multiplies the producer’s share of the quantity lost while in storage by the commodity’s payment rate. The dollar value of any compensation received by the producer, such as salvage or insurance, is deducted from the calculated payment amount.
A payment factor will not be applied. Producers will receive their full calculated payment, less salvage payment, insurance, or other payment received on the loss quantity, as applicable.
For more information, visit fsa.usda.gov/ofsclp.
