USDA announced Thursday that ACRE program enrollment will begin April 27.
ACRE, which stands for Average Crop Revenue Election (ACRE), is a new, revenue-based program included in the 2008 Farm Bill.
Producers who elect the ACRE program for a farm agree to remain in the program through the life of the farm bill, through 2012, and:
• forgo counter-cyclical payments;
• accept a 20-percent reduction of the direct payments; and
• accept a 30-percent reduction in loan rates for all commodities produced on the farm.
USDA recently announced that the sign-up period for the Direct and Counter-Cyclical Program (DCP) and ACRE would be extended until Aug. 14.
For more information about ACRE, producers should visit their local Farm Service Agency county offices or access more information online at http://www.fsa.usda.gov/FSA/webapp?area=home&subject=dccp&topic=landing