ACRE sign-up starts late April
Apr 3, 2009 10:15 AM
USDA will schedule the sign-up for the average crop revenue election (ACRE) program in April as part of its plan to complete sign-up for the 2009 farm programs.
Sign-up for ACRE is expected to start in late April, with an official sign-up announcement to be made in the coming weeks. Producers can elect to enroll in the ACRE program at their FSA county offices after the sign-up period commences.
The ACRE program, authorized by the 2008 farm bill, provides eligible producers a state-level revenue guarantee, based on the five-year state Olympic average yield and the two-year national average price.
ACRE payments are made when both state and farm-level triggers are met. By participating in ACRE, producers elect to forgo counter-cyclical payments, receive a 20-percent reduction in direct payments and a 30-percent reduction in loan rates.
The decision to elect ACRE binds the farm to the program through the 2012 crop year, the last crop year covered by the 2008 Act.
For more information about ACRE, DCP and other price support programs, visit a FSA county office or go to http://www.fsa.usda.gov/.
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