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CRP Acreage is Highest in a Decade: Breaking Down Acreage and Rental Rates

Article excerpts:

“Total acreage enrolled in the Conservation Reserve Program (CRP) is now the highest level in a decade as the program evolves and focuses more on grazing acres than at any time in its history.

Checks for CRP should have been issued over the first two weeks of October at roughly $1.8 billion total in payments.

CRP acreage under the Biden administration has grown 5.36 million acres since early 2021 to hit 25.86 million acres, a 26% increase in enrollment. The Farm Service Agency is getting close to its 27-million-acre cap from the 2018 farm bill.

This year's enrollment programs added 199,214 acres in the general signup -- the traditional program -- while the Grasslands CRP contracts added another 1.44 million acres.

Rolling back the number just a bit, landowners had 481,092 acres of contracts expire Sept. 30, 2024, and leave the program.”

Link to full article: HERE