2022 ERP Track 1 and 2 - What a Mess!
FSA announced some of the details on ERP Track 1 and 2 this week. Don't count on a large payment or a reimbursement of your crop insurance premiums.
The Emergency Relief Program (ERP) has been in place since the 2020 crop. We got used to how it worked for 2020 and 2021 and assumed that the 2022 program which was appropriated for in December 2022 would be similar. It is not.
Let’s review the details for Track 1 first. Instead of calling it Phase 1, it is now Track 1. Just like the previous ERP Phase 1, it is based on receiving crop insurance. If you received an indemnity for your 2022 crop, Track 1 will recalculate the amount of indemnity based on a higher percentage based on the amount you originally elected as per this table: