ACRE payment estimator available online

www.farmweeknow.com
John Hawkins
2010-01-05

A new Microsoft Excel spreadsheet has been developed at the University of Illinois to estimate the amount of Average Crop Revenue Election or ACRE payments a farm will receive for the 2009 crop.

This ACRE Payment Estimator spreadsheet is available for download from the FAST section of the FarmDOC website - www.farmdoc.illinois.edu.

Users of the ACRE Payment Estimator will enter their state and crop for which ACRE payment estimates are desired and then the program will estimate the state ACRE payment. This estimate equals the state guarantee minus state revenue. The state guarantee is known for 2009 and equals the benchmark yield times a benchmark price.

The Acre Payment Estimator includes state guarantees for corn, soybeans, and wheat for most states in the United States. State revenue equals the state yield times the market year average (MYA) price. At this point, neither the state yield and MYA price is known with certainty. However, University of Illinois Farm Management Specialist Gary Schnitkey says ACRE Payment Estimator can make some projections.

We have an audio report from Todd Gleason.


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