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Dairy Options Pilot Program

Published on AidPage by IDILOGIC on Jun 24, 2005

Administered by:

US Federal Government Agency (see all agencies)
Department of Agriculture , Risk Management Agency
CFDA #: 10.454

Assistance considerations...

Length and Time Phasing of Assistance

This assistance is available to farmers in selected counties from the date application materials are mailed to farmers in those counties until all options have been liquidated. All DOPP options must be purchased within 4 months of the date of the training session in each county. The assistance is paid to the farmer's broker on behalf of the farmer on a transaction-by- transaction basis.

Formula and Matching Requirements

The program has no statutory formula. The proposed cost-sharing arrangement between RMA and participating dairy farmers calls for RMA to pay for 80 percent of premiums and up to $30 in broker fees for each options contract purchased under the DOPP. The farmer pays for 20 percent of the premium and any broker fees in excess of $30 per contract. This program has no matching requirements for State and local governments.

Note:
A formula may be based on population, per capita income, and other statistical factors. Applicants are informed whether there are any matching requirements to be met when participating in the cost of a project. In general, the matching share represents that portion of the project costs not borne by the Federal government. Attachment F of OMB Circular No. A-102 (Office of Management and Budget) sets forth the criteria and procedures for the evaluation of matching share requirements which may be cash or in-kind contributions made by State and local governments or other agencies, institutions, private organizations, or individuals to satisfy matching requirements of Federal grants or loans.

Cash contributions represent the grantees' cash outlay, including the outlay of money contributed to the grantee by other public agencies, institutions, private organizations, or individuals. When authorized by Federal regulation, Federal funds received from other grants may be considered as the grantees' cash contribution.

In-kind contributions represent the value of noncash contributions provided by the grantee, other public agencies and institutions, private organizations or individuals. In-kind contributions may consist of charges for real property and equipment, and value of goods and services directly benefiting and specifically identifiable to the grant program. When authorized by Federal legislation, property purchased with Federal funds may be considered as grantees' in-kind contribution.

Maintenance of effort (MOE) is a requirement contained in certain legislation, regulations, or administrative policies stating that a grantee must maintain a specified level of financial effort in a specific area in order to receive Federal grant funds, and that the Federal grant funds may be used only to supplement, not supplant, the level of grantee funds.