Agriculture Secretary Tom Vilsack has announced the states that have met the revenue triggers allowing farmers to earn Average Crop Revenue Election program payments on planted acres of corn, grain sorghum, soybeans, peanuts, lentils, dry peas and upland cotton if the farm also meets the revenue trigger. These ACRE crops are in addition to wheat, barley and oats, which have been previously announced as meeting the revenue triggers in certain states.
According to this latest announcement, 25 states met the revenue triggers for corn, 11 for sorghum and five for soybeans. The ACRE program provides financial and risk management advantages to producers, and those who signed up for ACRE in 2009 will receive payments if state and farm revenue criteria are met. In order for producers to receive ACRE payments, revenue triggers for a commodity must be met on both a state and farm basis.