Revised – 2013 ACRE payments for Corn

By: Chris Bruynis, PhD, Assistant Professor & Extension Educator, OSU Extension.

 

Earlier I had written an article on the possibility of Ohio getting an ACRE Payment for the 2013 corn crop.  The USDA corn yield for Ohio ended up at 177 bushels of grain, which was significantly higher than the 152 bushel five year Olympic average.  Initially I had overestimated the state revenue guarantee, which is actually $690 per acre.  Because of the higher yield and the corrected revenue guarantee at the state level, the market average price would need to fall below $3.90 for the 2013 crop.  Current estimates (August 2014) have the market average price at $4.45 which is significantly higher. With this new information, it is highly unlikely that corn will make a payment for the 2013 corn crop.

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