USDA’s Farm Service Agency (FSA) is reminding farmers and ranchers who participate in FSA programs to plan accordingly in FY2014 for automatic spending reductions known as sequestration.
The Budget Control Act of 2011 (BCA) mandates that federal agencies implement automatic, annual reductions to discretionary and mandatory spending limits.
For mandatory programs, the sequestration rate for FY2014 is 7.2 percent.
Accordingly, FSA is implementing sequestration for the following programs:
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