2009 Indiana State ACRE triggers met
INDIANAPOLIS -- Julia A. Wickard, executive director for the United States Department of Agriculture's (USDA) Farm Service Agency in Indiana, announced that wheat, oats, barley and grain sorghum met the state trigger for payment under the 2009 Average Crop Revenue Election Program (ACRE) for Indiana.
Corn and soybeans did not meet the state trigger and will consequently not be eligible for 2009 payments for those crops.
"ACRE is a relatively new program for the farmer's portfolio of USDA offered programs. Due to a good growing season and stable market prices and yields in 2009, many of our traditionally grown commodities in Indiana are not eligible. County office personnel will soon begin reviewing those farms with 2009 crops that met the state triggers," Wickard said.
The ACRE program provides financial and risk management advantages to producers, and those who signed up for ACRE in 2009 will receive payments if state and farm revenue criteria are met.
Congress established ACRE as part of the 2008 Farm Bill to protect producers from farm market revenue declines. In order for producers to receive ACRE payments, revenue triggers for a commodity must be met on both a state and farm basis. A listing of the states that meet the revenue triggers for the 2009 crops of corn, grain sorghum, soybeans, peanuts, lentils, dry peas and upland cotton is available at http://go.usa.gov/a5M
Revenue triggers for other commodities will be determined after the 2009-2010 marketing year average price is published by the National Agricultural Statistical Service. The scheduled publishing dates for the 2009-10 marketing year average prices is Nov. 30 for large chickpeas, small chickpeas, sunflower seed, canola, flaxseed, mustard seed, rapeseed, safflower, crambe and sesame seed.
For more information on the ACRE program visit the local FSA office or the website at http://www.fsa.usda.gov/dcp