Growers deciding whether to enroll in the Average Crop Revenue Election (ACRE) program, the Direct and Counter-Cyclical Program (DCP) or neither might want to wait until as close to the June sign-up deadline as they can in order to make the most informed decision, an Ohio State University Extension expert says.
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 decisions that best suit their individual financial needs, said Chris Bruynis, an OSU Extension educator.
With the passage of the 2012 American Taxpayer Relief Act, Congress extended many provisions of the 2008 Farm Bill, including ACRE and DCP. That means that growers now can elect to enroll in the traditional DCP, the ACRE program or neither program for the 2013-growing season.
OSU Extension will host a free webinar on March 18 to provide growers with more information on both programs. It will give detailed program descriptions to help growers understand the financial implications of each program and what information they should weigh in order to make their decisions, Bruynis 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 businesses,” he said. “All farmers will be faced with this decision, so having this kind of non-biased, detailed information will be very helpful to them to be able to understand what the issues are to make such a critical decision.”
Bruynis said OSU Extension is offering the webinar as a way to reach a larger audience.
“The whole logic behind it is to make the information easier to obtain by farmers statewide since reaching large numbers of people with face-to-face meetings is not always possible,” Bruynis said. “Our goal is to provide factual information in an open way to help growers know how the programs work as we go through this 2013 crop year.”
The webinar runs 7-8:30 p.m. and can be viewed online at http://carmenconnect.osu.edu/ohioagmanager
No pre-registration is required.
For more information about the webinar, contact Bruynis at firstname.lastname@example.org or 740-702-3200.