
Just a reminder that you need to file your ERP application (FSA-520) by this Friday July 22. The FSA-510 to show farm AGI greater than 75% can actually be filed wit...
Most every farmer has likely filed their FSA-520 Application for the Emergency Relief Program (ERP) by now. However, if you have not filed it, make sure to file by this Friday July 22. This is the deadline for filing the application.
The FSA-510 Form is required to be filed with FSA within 60 days of July 22 or approximately September 20. This is the form that indicates to FSA that farm income exceeds 75% of overall AGI that allows for an increased payment. Many farmers assume that this form must be filed with the regular application. This is incorrect. This form can be filed after July 22 and the FSA will update their records and pay the farmer any excess amounts usually within a week.
Also, last week, Senator Thune and Kobuchar along with several other Senators sent a letter to the FSA office asking for various fixes to the issues with ERP. Several of those requests dealt with the issues we have faced regarding equipment sales and farmers with losses. The hope is that this letter will spur the FSA to making those needed changes.
We will keep you posted.
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