MANHATTAN, Kan. -- The National Corn Growers Association has developed a bulletin for landowners on the farm bill's ACRE program (Average Crop Revenue Election). But, a Kansas State University agricultural economist says the paper is a helpful resource for wheat growers, too.



The bulletin's Web link is here.



"In particular, Oklahoma wheat producers who are expecting the maximum ACRE payment may be able to use the paper to explain ACRE to their landlords," said K-State Research and Extension farm management specialist Art Barnaby. "Besides, with the decline in corn prices, many models are starting to show potential ACRE corn payments of $100 or more per acre."



He noted that the USDA's National Agricultural Statistics Service will release a new monthly price July 30 and its first yield estimate Aug. 12. This will give corn, grain sorghum and soybean producers more information on which to base their final ACRE decision.



"The Aug. 12 NASS yield report could be a game changer in some states," Barnaby said. "I think the association's bulletin explains most of the landlord issues. In a crop-share arrangement, for example, the landlord shares in any ACRE payment. With a cash rent arrangement, the landlord is locked in for four years, but the tenant could leave the lease after a year."



At the same time, he added, unless there is an adjustment to the cash rent, a cash-rent landowner receives no ACRE benefit.



Barnaby, along with K-State agricultural economist Troy Dumler, will host two internet-based seminars on Tuesday, Aug. 4, about the ACRE program. More information about the Webcast is available on the K- State Research and Extension agricultural economics Web site at www.agmanager.info or from Rich Llewelyn at rvl@ksu.edu or 785-532-1504.



SOURCE: K-State.