Posted 6/3/2020 06:38 (#8295260 - in reply to #8295158) Subject: RE: Help me figure FSA storage program payment!
Are you talking USDA CFAP calculation? If so......
Jan 15th unsold inventory= 10,000 bu. 2019 Total production= 30,000 bu. 30,000 X 50%= 15,000 bu. (Take the lesser of the two which is your unsold inventory at 10,000 bu. and have to use that)
1) 10,000 X 50% (USDA payment factor) = 5000 bu. 2) 5000 bu. X .67 (CARES Act + CCC payment rate together) = $3350 3) $3350 X 80% ( Payment you get up front) = $2680 payment