COLUMBUS, Ohio — Growers deciding whether to enroll in the Average Crop Revenue Election, or ACRE, program or the Direct and Counter-Cyclical Program, or DCP, may want to wait until as close to the June sign-up deadline as they can to make the most informed decision on which, if either, program can best boost their financial bottom line, an Ohio State University Extension expert said.
By the June 3 sign-up deadline for the ACRE program, North American and European corn planting progress, global wheat conditions and data on soybean crop size should be available to growers, which can better help them make a decision that best suits their individual financial needs, said Chris Bruynis, OSU Extension educator.
With the passage of the 2012 American Taxpayer Relief Act, Congress extended many provisions of the 2008 Farm Bill, including the ACRE and DCP programs. That means growers can elect to enroll in the traditional DCP program, the ACRE program or neither program for the 2013 growing season, Bruynis said.
To provide growers with more information on both programs, OSU Extension will hold a free webinar on March 18 that will give detailed program descriptions to help growers understand the financial implications of each program and what information they should weigh to make their decision, he said.
“Participants will learn the mechanics and restrictions of the programs as well as some strategies to decide which program may be the best election for their farm business,” said Bruynis, who will present the webinar. “All farmers will be faced with this decision, so having this kind of nonbiased, detailed information will be very helpful to them to be able to understand what the issues are to make such a critical decision.”
The webinar will run 7-8:30 p.m. March 18 and can be viewed at http://carmenconnect.osu.edu/ohioagmanager. No pre-registration is required.
For more information, contact Bruynis at bruynis.1<\@>osu.edu or 740-702-3200.