USDA: No penalty-free release for CRP

By | September 08, 2008
Citing the summer drop in commodity prices and the built-in reduction in Conservation Reserve Program acres in the next few years, Secretary of Agriculture Ed Schafer said the USDA won't allow land to be released penalty-free from the CRP. Schafer pointed out that the 2008 farm bill lowered the cap on the total number of acres allowed in the CRP program from 39.2 million to 32 million acres. With 34.7 million acres now enrolled, contracts on 1.1 million acres were set to expire Sept. 30. In a year, another 3.8 million acres in contracts will expire, followed by 4.4 million acres in 2010.