The New River Valley Sheep Producers are planning to hold a Wool Pool on August 11th & 12th at Bottomley’s Warehouse located on Route 21 @ 10278 Elk Creek Pkwy, Elk Creek, VA 24326 from 8 to 5. There is a $0.10 per pound handling fee for all wool. In addition, volunteers are needed to help with record keeping, weighing, and baling, and lunch will be provided to workers.
- There is no minimum amount of wool to participate.
- Wool must be DRY, with no berries, and should be relatively clean.
- No black or colored fiber will be accepted.
- Wool will be weighed at drop-off, and you will receive a receipt.
- Prices are TBD.
- Payments will be mailed to you several weeks after the pool.
- No alpaca wool will be accepted.
You are responsible for delivering/arranging delivery of wool to Elk Creek, VA.
FSA Loan Deficiency Payment (LDP)
In addition to selling wool in the Wool Pool, producers may also be eligible to claim a Loan Deficiency Payment or LDP with the Farm Service Agency (FSA), but that MUST be filed prior to August 11. Learn more. According to the American Sheep Industry Association the LDP payment for ungraded wool will be $0.2763 (A base repayment of $0.55 minus the $0.266 loan repayment.).
Producers will need to complete items 1-4 of this form, and sign and date 5a-5c on the first page prior to losing beneficial interest in their wool. Once they lose beneficial interest, the producer will complete page 4 Part M, N and sign and date Part P 83A & 85; FSA will need a copy of the receipt showing how many lbs. of wool sold, and head count total.
If your farm has never been to the FSA, you will also need to complete an AD-2047 form.
For More Information
Stay tuned for more information or contact April Bowman, 336-593-8179.
