Average Crop Revenue Election
The U.S.
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.