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05-20-13 The 2013 Average Crop Revenue Election (ACRE) Information Update…

Posted by Brian Allmer on May 20, 2013

CSU Extension LogoSubmitted to BARN Media by:  John Deering, Peaks & Plains Regional Extension Agricultural Economist

The ACRE program hasn’t received much signup interest in Colorado thus far, but it might be worth a good look for Colorado corn and wheat producers this year due to falling crop prices and condition of the state wheat crop.  The attached information sheet “2013 Colorado ACRE Information.pdf” has the marketing year average price estimates from the most recent May 10th, 2013 USDA-WASDE report and shows the result of various outcomes of market prices and state average yields, the two major factors in payment calculations.  The cost of the ACRE program is a 20% reduction in direct payments and a 30% reduction in marketing assistance loan rates.  If interested in signing up for the ACRE program, producers should contact their local FSA offices or visit the following links for more information.

For questions on the mechanics of the ACRE program please call John Deering @ 970-345-2287 orJohn.Deering@Colostate.edu<mailto:John.Deering@Colostate.edu>.

CLICK HERE to view and update sheet on the Average Crop Revenue Election (ACRE) program, a revenue protection program approved in the 2008 farm bill and renewed early this year for the 2013 crop year with a signup deadline of June 3rd, 2013.

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