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ICGA provides calculators to assess ACRE ProgramIowa Iowa farmers who want to compare the relative advantages of traditional farm programs versus the new Average Crop Revenue Election program can now access a helpful computer program, courtesy of the Iowa Corn Growers Association. The program, sponsored by a group of state corn grower associations, allows each producer to plug in farm-specific data to get a detailed benefit analysis of the two programs. All ICGA members will receive a copy of the program and its accompanying information by mail. Growers who are not currently ICGA members will be able to access the program by visiting www.iowacorn.org after Dec. 1. "Providing a tool for producers to use when determining whether or not to sign up for the ACRE program is an important part of our job as a producer organization," said Gary Edwards, current ICGA president. "During farm bill discussions, the Iowa Corn Growers Association along with the National Corn Growers Association worked hard to see the ACRE program provided to growers as a safety net." Because the USDA has not finished its final rule-making procedures, some of the assumptions in the program could change. The ICGA will post updated information on its website, www.iowacorn.org, as they become available. ACRE consists of: --Direct payments equal to 80 percent of direct payments under the traditional direct payment program. --Marketing loan payments with loan rates set at 70 percent of marketing loan rates established in the 2008 farm bill. --ACRE revenue protection payments.
Date: 11/25/08 Advertisement
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