Farm Service Agency Programs for Beekeepers Topics We
Farm Service Agency Programs for Beekeepers Topics We Will Cover 1. Farm Storage Facility Loans. 2. Crop Insurance & NAP For Honey 3. Emergency Livestock Assistance Program
Farm Storage Facility Loans (FSFLs) Farm Storage Facility Loans Are Low Interest Loans For: Building, purchasing or renovating storage Structures
purchasing handling Equipment. Structures & Equipment to store and or handle crops you produced. You are eligible for an FSFL If: You produce the crop you are looking to take out a loan for. You demonstrate the ability to make the Down Payment and yearly installment payment.
Loan Details Applicants need to provide detailed financial information to FSA about their Business. Including a balance sheet & projected cash flow statement. Terms of 3-15 Year depending on Amount of Loan and if the Loans are paid on an Annual Basis.
Can pay monthly/by monthly etc. as long as total annual installment amount is paid timely. Crop Insurance & the Noninsured Crop Disaster Assistance Program (NAP) Crop Insurance & NAP
NAP Multi Peril Coverage on any and All Natural Disasters for Honey Production. Coverage attaches to all Colonies within the united states for the whole crop year Crop insurance Single Peril Coverage for Lack of Precipitation on honey pollination & Breeding stock
Based on NOAA Rainfall Indexes & Correlated Honey Production (not your actual Production) Must choose to insure Colonies by geographic location and by two month time periods Youre eligible for NAP & Crop insurance If
You maintain the Colonies for Commercial purposes (Honey production, pollination services, or sale or splits etc.) You are not a Foreign Person You are Compliant with Highly erodible and Wetland Conservation You are complaint with Adjusted Gross Income (AGI) Provisions (You Make less then 900,000 AGI)
Dates to Keep in Mind for NAP December 1st Deadline to Apply for NAP Coverage on Honey January 2nd Deadline to timely file a Beginning Colony inventory Must report Loss within 15 calendar days of when loss becomes apparent
Emergency Livestock Disaster Assistance Program (ELAP) ELAP Provides: Disaster assistance to Eligible Honeybee producers who suffer colony or Hive losses due to Adverse Natural Occurrences & or Colony Collapse Disorder.
ELAP Reimburses Honeybee producers At $140.00 per eligible lost Colony At $258.00 per eligible Lost Hive For all documented Honey bee feed losses & Feed expenditures above normal ELAP provides Assistance Not to exceed $125,000 annually
Youre Eligible for ELAP Assistance: You owned the Colonies at the time of the Disaster You maintain the Colonies for Commercial purposes (Honey production, pollination services, or sale or splits etc.) You are not a Foreign Person You are Compliant with Highly erodible and Wetland Conservation
You are complaint with Adjusted Gross Income (AGI) Provisions (You Make less then 900,000 AGI) Dates to Keep in Mind for ELAP January 2nd Deadline to timely file a Beginning Colony inventory 30 Calendar Days from when a Loss is Apparent Deadline to file a Notice of Loss.
November1st deadline to file an Application for Payment
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