FSA ACRE sign-up ends August 14
Veronica Curfman, County Executive Director of the Stevens County Farm Service Agency reminds producers that the sign-up deadline to elect the new Average Crop Revenue Election (ACRE) program is Aug.14.
ACRE provides a valuable new risk-management tool for producers. ACRE was created in the 2008 Farm Bill, and offers a revenue-based alternative to the traditional Direct and Counter-Cyclical Program (DCP). Producers may elect to participate in ACRE even if they have already received an advance DCP payment for 2009.
Numerous resources are available to help producers make an informed decision. FSA county office staff can answer many questions on program rules, application procedures and potential benefits. Experts at local land grant universities can assist with potential payment calculations. FSA has also launched an ACRE webpage, with educational information, including an electronic program payment calculator, located at www.fsa.usda.gov/dcp .
Commodities eligible for ACRE are wheat, corn, grain sorghum, barley, oats, upland cotton, long grain rice, medium and short grain rice, peanuts, soybeans, sunflower seed, canola, flaxseed, safflower, mustard seed, rapeseed, sesame seed, crambe, dry peas, lentils, small chickpeas and large chickpeas. Once a farm is enrolled in ACRE, that farm must continue to be enrolled in ACRE through the 2012 crop year.
Producers can choose ACRE or re-enroll in the traditional Direct and Counter-Cyclical Program. Both provide financial benefits and it is up to you to determine which provides the greatest advantage to your operation.