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FSA Announces Extension for 2008 Wool Program
Wisconsin Ag Connection - 03/26/2008

Legislation signed by President Bush last month has resulted in the extension of the wool, mohair and unshorn pelt program through April 18. According to the Wisconsin Farm Service Agency, the Consolidated Appropriations Act authorized commodity loan and Loan Deficiency Payments for those commodities. The 2008 wool and mohair loan rates remain the same as the 2007 rates.

To be eligible for a loan or LDP on wool or mohair, a producer must have owned the sheep or goats for not less than 30 calendar days before shearing; sheared the wool or mohair in calendar year 2008; report all cropland acreage on the applicable farms where the wool or mohair was produced; and have beneficial interest in the wool or mohair (a waiver for LDP applies for applications filed through April 18).

To be eligible for an LDP on unshorn pelts, a producer must have owned the unshorn lambs for at least 30 calendar days before the date of slaughter and filing the LDP application; sold the unshorn lambs for immediate slaughter in calendar year 2008; report all cropland acreage on the applicable farms where the unshorn lambs were produced; and have beneficial interest in the unshorn lambs (a waiver applies for applications filed through April 18).

Wool and mohair producers interested in the 2008 program should contact the staff at the local county FSA office that maintains their farm program records for additional details.


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