2022 ERP Track 1 Payments Being Issued
USDA started to release 2022 ERP Track 1 Payments last week based on new progressive payment plan.
It appears that USDA started to release 2022 ERP Track 1 payments last week. We reviewed at least one payment that showed the breakdown of the payment using the new USDA progressive payment plan. After factoring in the reduction, the payment was then reduced by 25%.
Additionally, it appears that ethanol will qualify for SAF credits based on an another announcement from last week. We are taping a podcast with Mitchell Hora later this week to review how this may help farmers in the future. We will keep you posted.
Today’s post is a little short. I am scheduled to teach today in Manhattan, Kansas for the Kansas Tax School with Roger McEowen. Normally, I would have about 3-4 hours to work on a blog post, etc., however, Roger is not feeling well today so I am pinch hitting and doing the full seminar myself. The material that Roger was doing it very familiar for me so it should not be too bad, but it will take my time.