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Triggers: The State and the Farm trigger must be met to receive an ACRE payment for the planted or considered planted commodity crop or peanuts. |
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ACRE State Trigger: State ACRE Guarantee must exceed the Actual State Revenue |
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State ACRE Guarantee (cannot change by more than 10 percent froom the previous year’s guarantee) |
90 percent multiplied by Benchmark State Yield multiplied by ACRE Guarantee Price (Previous 2-yr National Average Market Price) |
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Actual State Revenue |
Actual State Yield multiplied by the ACRE Price: (the higher of the National Average Market Price or 70 percent of the National Loan Rate) |
ACRE Farm Trigger: Farm ACRE Benchmark must exceed the Actual Farm Revenue |
Farm ACRE Guarantee |
Benchmark Farm Yield
multiplied by ACRE Guarantee Price plus Crop Insurance Premium per acre paid by producer |
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Actual Farm Revenue |
Actual Farm Yield multiplied by ACRE price: (the higher of the National Average Market Price or 70 percent of the National Loan Rate) |