Agricultural News
More ACRE Payments Coming
Thu, 09 Dec 2010 17:13:05 CSTThe Department of Agriculture will issue an estimated 10-million dollars in Average Crop Revenue Election payments for the 2009 crop year to producers enrolled in the ACRE program for large and small chickpeas, sunflowers, canola, flaxseed, mustard seed, rapeseed, safflower, crambe and sesame seed. About 95 percent of the payments are expected to be issued to sunflower producers in Minnesota, Nebraska, North Dakota and South Dakota. Earlier USDA began issuing an estimated 420-million dollars in ACRE payments for the 2009 crop year for corn, wheat and other commodities.
In making the announcement, Agriculture Secretary Tom Vilsack said, - the ACRE program can provide financial and risk management advantages to producers, part of USDA's revenue-based safety net for years when low yields and volatile prices threaten a producers bottom line.
The 2009 ACRE payments for long grain rice and medium/short grain rice will be determined when marketing year average price data is published by the National Agricultural Statistical Service on January 31, 2011.
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