ACRE (Average Crop Revenue Election) Program Payments and Risk Reduction
Author: Robert Dismukes
Publisher: DIANE Publishing
Published: 2011-04
Total Pages: 34
ISBN-13: 143793983X
DOWNLOAD EBOOKUsing crop revenue as the basis for agricultural payments has long been proposed as a way to reform U.S. farm programs. Revenue is more closely related to farm income than either prices or yields individually. The ACRE program uses a combination of State- and farm-level revenue guarantees that are determined from recent historic prices and yields. This report examines and simulates crop revenue variability for producers of four crops ¿ corn, soybeans, wheat, and cotton ¿ and estimates potential ACRE payments from a broad range of possible revenue outcomes. It analyzes how ACRE payments and their effect on farm-level revenue variability would be distributed across crops and production regions. Illus. This is a print on demand report.