ALERT: FARMERS NEED TO SIGN UP FOR ACRE!

James H. Hilker, Roger Betz and J. Roy Black

No 52208, Staff Paper Series from Michigan State University, Department of Agricultural, Food, and Resource Economics

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.

Keywords: Crop Production/Industries; Farm Management (search for similar items in EconPapers)
Pages: 5
Date: 2009-07-21
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:midasp:52208

DOI: 10.22004/ag.econ.52208

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