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Alert: Farmers Need To Sign Up For Acre!

Author

Listed:
  • Hilker, James H.
  • Betz, Roger
  • Black, J. Roy

Abstract

Corn, soybean and wheat producers are facing serious financial challenges. And it is even worse for livestock producers, most of who are also crop producers and are therefore eligible for ACRE. Crops are behind in maturity, some areas of the state need rain, product prices have fallen substantially, and USDA Counter Cyclical payments do not start until $2.35 on corn, $5.36 soybeans and $3.40 on wheat. Chances of prices that low are around 10-15%, but at that point ACRE payments would be much, much bigger. Many producers do not understand ACRE and the benefits available; most of the reasons given for not participating are invalid.

Suggested Citation

  • Hilker, James H. & Betz, Roger & Black, J. Roy, 2009. "Alert: Farmers Need To Sign Up For Acre!," Staff Paper Series 52208, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:52208
    DOI: 10.22004/ag.econ.52208
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    File URL: https://ageconsearch.umn.edu/record/52208/files/StaffPaperHilker2009-06.pdf
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    Cited by:

    1. Mitchell, Paul D. & Rejesus, Roderick M. & Coble, Keith H. & Knight, Thomas O., 2011. "Analyzing Farmer Participation Intentions and Enrollment Rates for the Average Crop Revenue Election (ACRE) Program," Staff Papers 116705, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    2. Mitchell, Paul D. & Rejesus, Roderick M. & Coble, Keith H. & Knight, Thomas O., 2010. "A Real Options Framework for Analyzing Program Participation as Human Capital Investments: The Case of the Average Crop Revenue Election (ACRE) Program," Staff Papers 92896, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.

    More about this item

    Keywords

    Crop Production/Industries; Farm Management;

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