ISU: Farmers should finalize ACRE sign-up
Farmers and crop-share landowners have until June 3 to enroll their farm or farms in the 2013 Average Crop Revenue Election program.
It is expected that most farms will be enrolled in the traditional Direct and Counter-cyclical Payment program, as that sign-up continues through Aug. 2.
Both ACRE and DCP programs’ provisions are unchanged from 2012, said Steven Johnson, and Iowa State University Extension farm management field specialist, except that all eligible participants in 2013 may choose to enroll farms in either DCP or ACRE.
For example, Johnson said, in 2012, nearly 85 percent of eligible farms statewide were enrolled in DCP, but less than 15 percent enrolled in ACRE.
Despite the risk of lower corn and soybean prices in 2013, it will still be difficult to trigger ACRE payments in Iowa.
That’s because ACRE is based on a shortfall of state revenue below the designated triggers expected to be $781 per acre for corn and $574 per acre for soybeans.
Should a major corn and soybean producing state like Iowa have a low state yield in 2013, the marketing year average national cash price would likely increase.
In addition, enrollment in ACRE creates a 20 percent decline in the direct payment to be received in October.
In addition, staff will be conducting a four-week general sign-up for the Conservation Reserve Program beginning May 20 and ending June 14.
For additional information contact a local FSA office.
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