Table 2: 

Hypothetical 2011 State ACRE Guarantee

Ex. Wheat

For Each Planted or Prevented Planted Crop:

1.

Estimated 2011 Benchmark State Yield (Your estimate of the Olympic average of state yields from 2006—2010) *

88 bu/acre

2.

Estimated 2011 ACRE Guarantee Price (Average of 2009 NAMP in Table 1, Item 1 and your projected 2010 NAMP.)

$ 6.14 per bu

3.

2011 Calculated Estimated State ACRE Program Guarantee (90 percent x Item 1 x Item 2)

$486.29

4.

2010 State ACRE Program Guarantee*

$439.29

5.

Is Item 3 greater than Item 4? (Yes, No)

If Yes, Go to Item 6

Yes

If No, Go to Item 8

6.

Maximum Estimated State ACRE Program Guarantee

(Item 4 times 110 percent)

$483.22

7.

Hypothetical 2011 State ACRE Program Guarantee

(lower of Item 3 and Item 6).  Do not continue. 

$483.22

8.

Minimum Estimated State ACRE Program Guarantee

(Item 4 times 90 percent) 

9.

Hypothetical 2011 State ACRE Program Guarantee

(higher of Item 3 and Item 8) 

*Resource Information available at www.fsa.usda.gov/FSA/webapp?area=home&subject=dccp&topic=landing