Reviewing the CFAP Payment Formula for Non-Specialty Crops
For non-specialty crops, e.g., malting barley, canola, corn, upland cotton, millet, oats, soybeans, sorghum, sunflowers, durum wheat and hard red spring wheat, payments will be attached to actual 2019 production and will be paid based on inventory subject to price risk as of Jan. 15, 2020.
A single payment will be made based on 50% of a producer’s 2019 total production or the 2019 inventory as of Jan. 15, 2020, whichever is smaller, multiplied by 50% and then multiplied by the sum of the commodity’s applicable payment rates. Producers will receive 80% of this CFAP payment up front.