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ACRE available in 2009 crop year

December 21, 2008
By MIKE ROSE

Average Crop Revenue Election, or ACRE, is a new optional revenue base program that is part of the 2008 farm bill. The new farm bill officially is called the Food, Conservation and Energy Act of 2008 and is in effect until 2012. Enrollment in the optional ACRE program begins with the 2009 crop year and is by FSA farm number. Once enrolled in the ACRE program, you are enrolled for the duration of the 2008 Act. If a farmer decides not to enroll in the program in 2009 a decision can made to enroll in 2010, 2011 or 2012. The cost of the program is a 20 percent loss in direct payments, the elimination of the counter-cyclical payments and a 30 percent reduction in loan rates.

 
 
 

 

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