In 2009, crop farmers in Iowa and other states faced the decision of whether to continue with the existing Direct and Counter-cyclical Program (DCP) or to enroll in a new program called Average Crop Revenue Election (ACRE). The counter-cyclical payments and marketing loans—or loan deficiency payments—available under DCP helped mitigate commodity price risk, while ACRE offered producers a chance to protect against falling crop revenue. The vast majority of DCP participants elected to continue with the existing program. In March 2010, a mail survey was sent to 3,384 Iowa farmers to find out what factors most influenced their choice to enroll in ACRE or not, and to determine if any characteristics of their farming operations were significantly related to their decisions.
Organization |
Choices Magazine |
Publisher |
Agricultural and Applied Economics Association |
Publication Views |
788 |
Material Type |
Written Material |