Breaking Down CFAP 2.0
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American Farm Bureau Federation released an article breaking down the sections of CFAP 2.0. Relevant livestock and dairy info from that full article is below:
CFAP2 For Livestock, Dairy and Poultry
Livestock eligible for CFAP2 include: beef cattle, hogs and pigs, and lambs and sheep. Producers of these livestock are eligible for payments categorized as price trigger commodities. Specialty livestock are also considered eligible for payments under CFAP2, but under the sales commodity category discussed later in this article. All equine, animals raised for breeding stock, companion or comfort animals, pets, and animals raised for hunting or game purposes are ineligible for CFAP2. Dairy producers are also eligible for CFAP2, with cow milk being classified as a price trigger commodity and goat milk being classified as a sales-based commodity.
For beef cattle, hogs and pigs, and lambs and sheep, payments will be equal to the highest-owned inventory of eligible livestock, excluding breeding stock, on a date selected by the eligible producer from April 16, 2020, through August 31, 2020, multiplied by the Commodity Credit Corporation payment rate.
For beef cattle, payments will be equal to the producer’s maximum owned inventory of eligible beef cattle on the selected date multiplied by the number of payment limitations for the producer, multiplied by the payment rate of $55 per head. For hogs and pigs, payments will be equal to the producer’s maximum owned inventory of eligible hogs and pigs on the selected date, multiplied by the number of payment limitations for the producer, multiplied by the payment rate of $23 per head. For lambs and sheep, payments will be equal to the producer’s highest owned inventory of eligible lambs and sheep on the selected date multiplied by the payment rate of $27 per head.
Beef: [Maximum Inventory] X [payment limitations] X [$55/hd]
Hogs and Pigs: [Maximum Inventory] X [payment limitations] X [$23/hd]
Lambs and Sheep: [Maximum Inventory] X [$27/hd]
Payments for cow milk will be equal to the sum of the producer’s total actual milk production from April 1, 2020, to August 31, 2020, multiplied by the payment rate of $1.20 per hundredweight; and the producer’s estimated milk production from Sept. 1, 2020, to Dec. 31, 2020 (based on the daily average production from April 1, 2020, through August 31, 2020, multiplied by 122) multiplied by a payment rate of $1.20 per hundredweight. When simplified, the payment for milk producers is estimated at $2.16 per hundredweight multiplied by April through August milk production.
Milk: [actual production Apr. through Aug. X $1.20/cwt] + [estimated production Sept. through Dec. X $1.20/cwt]