Average Crop Revenue Election: Difference between revisions
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[[Category:United States Department of Agriculture programs]] | [[Category:United States Department of Agriculture programs]] | ||
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Latest revision as of 23:50, 28 December 2024
 | It has been suggested that this article might contain information that is historic. Unless anyone objections, it will be flagged as Historic content after a 30 day review period. (Discuss) Proposed since December 29, 2024. |
| Type | Program |
|---|---|
| Sponsor Organization | U.S. Department of Agriculture |
| Top Organization | N/A |
| Creation Legislation | Food, Conservation, and Energy Act of 2008 |
| Website | N/A |
| Purpose | |
| Program Start | |
| Initial Funding | |
| Duration | |
| Historic | No |
The U.S. Farm Service Agency administers Annual Crop Revenue Election (ACRE, a backronym), a new program authorized by the 2008 Farm Bill that begins in crop year 2009. Through ACRE, the United States Department of Agriculture (USDA) offers producers an alternative to the Direct and Counter-Cyclical Program.
The ACRE alternative provides eligible producers a state-level revenue guarantee, based on the 5-year state Olympic average yield and the 2-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 CCC commodity loan rates. A decision to elect ACRE binds the elected land to the program through the 2012 crop year, the last crop year covered by the 2008 Farm Bill.
Because of tradeoffs with electing ACRE over DCP and the irrevocable commitment to ACRE, producers are encouraged to review ACRE decision tools from State extension and other sources to help evaluate the choices.
