ACRE Benefits for Wheat

June 11, 2009 07:00 PM

Linda Smith, Top Producer Executive Editor
"Based on the June Supply/Demand report, it looks as if wheat has the best chance of receiving an ACRE payment for 2009,” says Steve Johnson, Iowa State University farm business management specialist. "The odds for the other three crops triggering an ACRE payment in 2009 have declined rapidly. This is especially true for major production states that expect average to above-average yields this year.” His estimates appear below (all prices are bu./acre).
ACRE Price Guarantee
ACRE Trigger Price (90% of Guarantee)
'09-'10 Nat'l MYA Cash Price
Note that these are estimates and many factors can influence the outcome on your farm. "ACRE benefits will vary by the type of crop base, the crop being planted, payment limits, 2009/10 MYA prices and state yields,” cautions Art Barnaby, Kansas State University ag economist. "There is also the farm yield consideration. The current KSU price estimates are now posted but there is a lot of error around those estimates. The best one can do is to outline the issue and then make a decision based on the most likely scenario.

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