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Grand Rapids, MI | Rich, this is correct, it is a revenue deal. Basically the state triggers if it drops below 90% of historical revenue. So if the price drops 25%, you would still get paid if the yield increases less than 15%.
These are all rough concepts, you need to also understand that your farm needs to trigger also. Our analysis of many farms though shows that because of the way the formulas are writted, if the state triggers it is likely that the farm will.
We have a couple webinars this week that explain the ACRE program and give examples from the analysis we are doing. If intersted check our website www.koemangroup.com for times and to signup. | |
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ACRE program
