Wyoming Ranches For Sale: Where to Get Data on 2014 Farm Bill Updates
Risk management is a necessary component in owning ranches because it reduces the chances of suffering financial losses. Property owners have a variety of risk management tools and strategies from which to choose depending on their preference and capacity for absorbing or avoiding risk. Two of the most popular choices considered by ranch owners are the USDA Risk Management Agency’s federal crop insurance program and the Federal Emergency Management Agency’s grant assistance.
Disaster programs available in Wyoming
The Food, Conservation, and Energy Act of 2008, also called the 2008 U.S. Farm Bill, authorized five standing disaster programs. Relevant to Wyoming livestock ranchers were the Livestock Indemnity Program, Livestock Forage Program, and the Emergency Assistance for Livestock, Honey Bees, and Farm-Raised Fish Program. When the Agricultural Act of 2014 was passed, it made the three programs permanent and retroactive, covering eligible losses back to October 1, 2011.
Disaster program update information
Meetings are being held across Wyoming to educate farmers and ranch owners about the new farm bill updates and how it may affect them. Among the topics that these meetings will cover are agricultural risk coverage, supplemental coverage option, price loss coverage, and non-insured crop disaster assistance buy-up coverage. The provisional schedule for the meetings follows:
Worland – 10 a.m. Friday, Dec. 12, Worland Community Center, 1200 Culbertson Ave.
Cheyenne – 10 a.m., Monday Dec. 15, Health Sciences Room 111, Laramie County Community College, 1400 E. College Dr.
Wheatland – 2 p.m. Monday, Dec. 15, First State Bank, 1405 16th St.
Torrington – 10 a.m. Tuesday, Dec. 16, Platte Valley Bank, 2201 Main St.
Riverton – 10 a.m. Wednesday, Dec. 17, Fremont County Fairgrounds, 1010 Fairgrounds Rd.
Wind River Casino – 2 p.m. Wednesday, Dec. 17, Training Room. Wind River Casino is 2 miles south of Riverton, Hwy 789.
Powell – 10 a.m. Thursday, Dec. 18, Powell Research and Extension Center, 747 Rd. 9
Gillette – 10 a.m. Friday, Dec. 19, Campbell County Library, 2101 South 4-J Rd.
Information regarding the new Bill is relevant to both potential and actual ranch owners, so taking part in these meetings is a good move whether you are already a ranch owner or are just considering to purchase Wyoming ranches for sale.
For those looking for ranches for sale in Wyoming, you may get in touch with established ranch brokers like Mirr Ranch Group for additional information regarding these meetings. Capable and dedicated ranch brokers make it a point to stay abreast with the goings on in the Wyoming ranch industry to ensure that they provide clients with the latest information about their investments. You can also trust that in their hands, your ranch purchase will be trouble-free and the details of the process will all be handled competently.
(Source: Wyoming Meetings to Cover New Farm Bill Programs and Updates, Tri-State Livestock News, Nov. 16, 2014)