A Great Deal For The South Plains - KCBD NewsChannel 11 Lubbock

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A Great Deal For The South Plains

Farm Bill Benefits to the Lubbock Economic Area for 2002
Prepared by the House Committee on Agriculture

2002 Benefits
OLD Farm Bill

2002 Benefits
NEW Farm Bill

Increase

Bailey $8.860 million $14.427 million +$5.567 million
Cochran $11.201 million $18.368 million +$7.167 million
Crosby $18.897 million $32.062 million +$13.165 million
Dickens $2.067 million $3.922 million +$1.855 million
Floyd $24.436 million $37.540 million +$13.104 million
Garza $3.667 million $5.904 million +$2.237 million
Hale $37.813 million $56.725 million +$18.912 million
Hockley $21.293 million $35.289 million +$13.996 million
King $0.427 million $0.986 million +$0.559 million
Lamb $20.635 million $35.380 million +$14.745 million
Lubbock $23.505 million $42.670 million +$19.165 million
Lynn $20.162 million $35.408 million +$15.245 million
Motley $2.119 million $3.617 million +$1.497 million
Terry $22.312 million $37.991 million +$15.679 million
Yoakum $12.101 million $19.340 million +$7.239 million
Total $229.496 million $379.629 million +$150.132 million

Benefits include government payments associated with cotton, corn, sorghum, wheat, soybeans, sunflowers, barley, and oats. They are based on August crop and price estimates, and assumed base and yield improvements. Benefits are for the 2002 crop year only, but not all payments will be made during the 2002 calendar year.

Figures represent government payments only for these crops, and do not include the market value of these crops - typically ranging around $500 million per year in the county area.

Not included in this analysis are:

  • Peanut benefits that will provide stability to a growing industry that produced approximately $50 million worth of peanuts in the 15-county area in 2001.
  • Dairy benefits under the traditional price support and new Dairy Market Loss program.
  • Crop Insurance benefits or other crop-loss assistance programs that provide cash assistance when yields are low.
  • Conservation assistance under the Environmental Quality Incentives Program (EQIP - which was increased by 6-fold in the new farm bill), Water Conservation Program (a new program that in 2002 is providing $6.8 million in cost-share assistance for Texas farmers who irrigate from the Ogallala aquifer), and the Conservation Security Program (CSP - a new program that will provide incentives for good stewardship practice on all agricultural lands including ranch land.)
  • Conservation Reserve Program (CRP) payments which total approximately $40 million per year in the 15 county area.
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