Okay, so my parents have CRP land, it's under a 10 year contract (I'm not sure how much is left). My parents want to cancel it, can they? If so does it cost? Sorry I don't know much about it..
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CRP contract holders have the option of taking their acres out of the program early in exchange for returning all payments they have received plus interest and pay a 25% penalty.
Congress has been making noises about changing the penalty clause in September, 2012, but I wouldn't hold my breath.
Congress has been making noises about changing the penalty clause in September, 2012, but I wouldn't hold my breath.