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DCP and ACRE Numbers Reported

Vilsack says producers value having a choice.

Compiled by staff

Published: Oct 21, 2009

Approximately 255 million base acres on about 1.7 million farms were enrolled in USDA's Direct and Counter-cyclical Program and in the Average Crop Revenue Election program. As a result, the Department will issue nearly $4 billion in 2009 final direct payments to eligible producers on approved contracts. Producers have already received advance payments of approximately $900 million.

Producers who signed up their farm under DCP are eligible for direct payments, counter-cyclical payments and marketing assistance commodity loans. The optional ACRE program is an alternative revenue-based safety net to the price-based safety net provided by counter-cyclical payments for crop years 2009 through 2012. Producers participating in ACRE are also eligible for direct payments and marketing assistance loans.

In announcing the final numbers, Secretary of Agriculture Tom Vilsack said the sign-up numbers demonstrate that producers value having the option of two programs from which to choose the greatest benefit to their individual farming operation. Vilsack also noted that the 2010 sign up for DCP and ACRE has already started and the deadline is June 1, 2010.

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Tagged: farm, usda, farming

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DCP and ACRE Numbers Reported

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