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Iowa Ag Review

Abstract

The recent sharp drop in commodity prices has increased producer interest in the new farm bill program called ACRE (Average Crop Revenue Election). If the prices currently indicated by the futures markets for the 2009 crop actually materialize, then corn, soybean, and wheat farmers have a good chance of receiving substantial ACRE payments. Farmers have until August 14 to enroll in ACRE so there is still time for farmers to determine if ACRE is better for them than traditional farm programs.

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