USDA Announces New Conservation Farmland Transfer Policy

DES MOINES, Iowa (AP) – The U.S. Department of Agriculture has announced a new policy designed to allow farmers to take land out of a conservation program early if it is to be transferred to the next generation of farmers.

Agriculture Deputy Under Secretary Lanon Baccam says beginning Jan. 9, the USDA will offer an early termination opportunity for certain Conservation Reserve Program contracts.

Normally, early termination of a CRP contract requires repayment of all previous payments plus interest. The new policy waives this repayment if the land is transferred to a beginning farmer or rancher.