Thursday, April 29, 2010
Estimated ACRE Payments in 2009 and 2010
My recent Illinois Farm Economics: Facts and Opinions estimated state ACRE payments for Illinois. For 2009, state ACRE payments are estimated at $27 per acre for corn, $0 for soybeans, and $90 for wheat. For 2010, corn has an expected payment of $41 per acre and a 51% chance of making a payment, soybeans have an expected payment of $14 per acre and a 35% chance of making a payment, and wheat has an expected payment of $33 per acre and a 66% chance of making a payment.
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