Table 2: ACRE Program Guarantee |
Corn Example |
Your Example |
|
1. |
Benchmark State Yield (Olympic Average from 5 most recent crop years) |
160 |
|
2. |
ACRE Guarantee Price (Average National Average Market Price from 2 most recent crop years) |
$4.15 |
|
3. |
Calculated State ACRE Guarantee for the crop year (90 percent x Item 1 x Item 2) |
$597.60 |
|
Note: For subsequent years, the State ACRE Guarantee cannot change by more than 10 percent from the previous year's guarantee. |
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