Farmers have until June 1, 2010 to get signed up for the farm program of their choice. Farmers need to understand that the requirement to re-enroll each year did not change with the DCP/ACRE election in 2009. Each farm still needs to be enrolled in either DCP or ACRE before the deadline to participate in the government farm programs. If farmers do not enroll, they will not receive DCP or ACRE payments for 2010.
Program sign-up has been significantly slower than past years according to the Wyandot County FSA office and farmers waiting until the deadline might not get the customer service they deserve due to the volume of farms that will need to be processed. As of April 22, 2010 approximately 22% of the farms had not started the sign-up process. Although there were some new farms signed into the ACRE program in 2010, the majority of farmers locally remained in the DCP program.
The table below shows the current price projections needed for the 2010 crop marketing year for ACRE to trigger assuming an average yield. With the amount of corn and soybeans already planted, many farmers appear to be optimistic that we could have another above average crop yield in 2010. The ACRE decision really depends on a farmers risk tolerance as well as their expectation of crop yields and market prices for the upcoming year.
| U.S. average cash price to equal revenue guarantee; average Ohio yields | U.S. average cash price to equal revenue guarantee; 5% increased Ohio yields | U.S. average cash price to equal revenue guarantee; 10% increased Ohio yields | ||||
| Corn | 151.0 bu | $3.45 | 158.6 bu | $3.28 | 166.1 bu | $3.14 |
| Soybeans | 46.0 bu | $8.74 | 48.3 bu | $8.32 | 50.6 bu | $7.95 |
| Wheat | 68.8 bu | $5.26 | 72.2 bu | $5.01 | 75.7 bu | $4.78 |
If you signed up for ACRE in 2009, don’t forget you have until July 15, 2010 to verify your 2009 crop production. According to the Wyandot County FSA office, at least locally, there is only 25% of the farmers that elected ACRE in 2009 that have completed this phase of the program. If you have specific questions on ACRE or any of the government farm programs contact your local FSA office or you can contact me directly at bruynis.1@osu.edu .