Producers can elect and enroll in the Average Crop Revenue Election program beginning April 27. ACRE is a provision of the 2008 Farm Bill.
Producers have until Aug. 14 to make their decision for the 2009 crop. USDA will not accept any late-filed applications.
Producers who elect the ACRE program for a farm agree to 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.
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