Understanding and Quantifying Year-to-Year Changes in the ACRE Revenue Guarantee
AEC-98: Understanding and Quantifying Year-to-Year Changes in the ACRE Revenue Guarantee
Authored by: Cory Walters
Abstract
The United States Department of Agriculture's Average Crop Revenue Election (ACRE) Program guarantees producers revenue at the state level, which is tied to state crop production and the National Average Market Price. Payments trigger when the current state revenue is less than the ACRE program guarantee.
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