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| The Farm Bill will consolidate 23 duplicative and overlapping conservation programs into 13 as well as modify several programs, including the Conservation Reserve Program (CRP). Significant changes to the CRP include:
•REDUCED ACREAGE CAP. The acreage ceiling will drop from 32 million acres to 24 million acres. The reduction will be implemented over the Farm Bill’s five-year span, with the cap lowered each year until the final two years, when the cap settles at 24 million acres.
•PENALTY-FREE EARLY-OUT PROVISION. Landowners and operators can terminate their existing CRP contracts in fiscal year 2015 to respond to market conditions and allow productive farmland to exit the program. The land must have been in CRP for at least five years and must not be in one of the classes of land expressly deemed as ineligible for early termination, such as land at higher risk of erosion.
Knew about the cap on acres. Didnt know about the early out | |
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CRP
