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ACRE Program Payments.pdf

fefo_09_12.pdf

🔗 Source: farmdoc.illinois.edu

📊 Size: 184 KB

👤 Author: malthous

⬇️ Downloads: 62

Summary

The 2008 Farm Bill gives farmers a choice between traditional farm commodity program payments and the Average Crop Revenue Election (ACRE) alternative. To enroll in ACRE, farmers must give up 20% of their direct payments, which average $20-$25 per acre. In exchange, ACRE provides a higher chance of payments, with expected yearly payments averaging $18 per planted acre for corn, $7 for soybeans, and $15 for wheat, exceeding the $4-$5 in direct payments foregone. Historical analysis shows ACRE payments occur in about one-third of years for corn, with average payments of $57 per planted acre in those years. Overall, expected ACRE payments exceed those from the traditional alternative, although traditional payments may be higher in any given year.

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Description

The 2008 Farm Bill gives farmers a choice between traditional farm commodity program payments and the Average Crop Revenue Election (ACRE) alternative.

Technical Information

File Format: PDF
File Size: 184 KB
Pages: 4
Language: EN
Author: malthous
Total Downloads: 62
Last Updated: 1 week ago

Document Overview

This PDF document about ACRE Program Payments provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into ACRE Program Payments.