Since January 30th, NCDA & CS has processed 70% of the Hurricane Florence Agricultural Disaster Program of 2018 applications and more than $54.8 million in payments have been sent out across North Carolina disaster-declared counties.
If you are unsure of the status of your application, you can check it by following this link to the NCDA & CS’s website. You will need your reference number to pull up your status. http://www.ncagr.gov/agriculturaldisasterprogram/CheckStatus/
But, how are the payments calculated? B
- 1st: You must be operating in an eligible county and your application must report your planted acreage or livestock numbers. Most often this is on an FSA Form 578.
- 2nd: A task force in each county made up of FSA, Extension, NRCS, Soil
andWater, Regional Agronomists and others established estimated losses for each commodity produced in an eligible county.
- 3rd: Based on USDA data there is an established yield and price for each commodity.
- 4th: Your payment is calculated based on a percentage of your loss. Your loss for each commodity is calculated as (planted acreage) x (average yield) x (average price) x (percent loss for the county).
Your total payment will be roughly 20% of the sum of your total losses for each commodity reported.
NCDA is making payments as they can verify the applications. Because not all applications can be verified at one time, there will be two separate payments made. The first will represent a portion (half or more) and the second payment will be the balance. The second payment will be made once all applications in the program are verified for accuracy.
You can learn more about how the payments are calculated by visiting NCDA & CS’s website here: http://www.ncagr.gov/agriculturaldisasterprogram/Payments.htm