Kea Posted February 19, 2013 Report Share Posted February 19, 2013 Client has a farm and participates in the USDA drought insurance program. Thanks to the continued drought in TX, they receive payments from this program. It is reported on a CCC-1099G as a "Livestock Forage Program." Does this mean Line 35 - "Did you receive a subsidy in 2012?" gets answered "Yes"? I don't think so since the instructions state a subsidy is: Any direct or counter-cyclical payments under title I of the Food, Conservation, and Energy Act of 2008 (or any payment you elected instead of this payment). Any Commodity Credit Corporation loan. It's not a loan and I'm not sure about the first bullet. Quote Link to comment Share on other sites More sharing options...
Dan Posted February 19, 2013 Report Share Posted February 19, 2013 You could look at the following link http://www.fsa.usda.gov/FSA/newsReleases?area=newsroom&subject=landing&topic=pfs&newstype=prfactsheet&type=detail&item=pf_20130124_insup_en_acredcp.html Quote Link to comment Share on other sites More sharing options...
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