Average Crop Revenue Election program
E536448
The Average Crop Revenue Election program is a U.S. farm support initiative that provided revenue-based risk protection to crop producers as an alternative to traditional price-based subsidy programs.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal agricultural program
ⓘ
farm income support program ⓘ |
| administeredBy |
Farm Service Agency
NERFINISHED
ⓘ
United States Department of Agriculture ⓘ |
| alsoKnownAs | ACRE program NERFINISHED ⓘ |
| appliesTo |
crop producers
ⓘ
program crops ⓘ |
| basedOn | revenue ⓘ |
| benefitType | revenue deficiency payment ⓘ |
| category |
United States Department of Agriculture programs
ⓘ
United States federal subsidies for agriculture ⓘ |
| compensationTrigger | when actual revenue falls below a guaranteed level ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| designedDuring | period of high commodity prices in the mid-2000s ⓘ |
| electionIs | irrevocable for the farm for the life of the 2008 farm bill ⓘ |
| enactedBy | United States Congress ⓘ |
| endTime | 2013 ⓘ |
| fundedBy | Commodity Credit Corporation NERFINISHED ⓘ |
| geographicLevel | state and farm levels ⓘ |
| goal |
to provide revenue stability to farmers
ⓘ
to shift support from price-based to revenue-based mechanisms ⓘ |
| hasAbbreviation | ACRE NERFINISHED ⓘ |
| hasCriterion |
farm-level revenue benchmark
ⓘ
state-level revenue guarantee ⓘ |
| hasEffect |
reduced counter-cyclical payments
ⓘ
reduced direct payments ⓘ reduced marketing loan benefits ⓘ |
| isOptional | true ⓘ |
| legalBasis | Food, Conservation, and Energy Act of 2008 NERFINISHED ⓘ |
| oversightBy |
United States Congress agriculture committees
NERFINISHED
ⓘ
United States Government Accountability Office NERFINISHED ⓘ |
| partOf | 2008 U.S. farm bill NERFINISHED ⓘ |
| policyDomain |
agricultural risk management
ⓘ
farm income stabilization ⓘ |
| policyType | counter-cyclical revenue support ⓘ |
| provides | revenue-based risk protection ⓘ |
| relatedTo |
Direct and Counter-cyclical Payment program
NERFINISHED
ⓘ
crop insurance programs in the United States ⓘ |
| replacedBy |
Agricultural Risk Coverage program
NERFINISHED
ⓘ
Price Loss Coverage program NERFINISHED ⓘ |
| replaces | traditional price-based subsidy programs ⓘ |
| requires | producer enrollment and election at the farm level ⓘ |
| scope | commodity crops such as corn, soybeans, wheat, cotton, and rice ⓘ |
| startTime | 2009 ⓘ |
| targetGroup | commercial crop farms ⓘ |
| terminatedBy | Agricultural Act of 2014 NERFINISHED ⓘ |
| usesData |
farm-level planted acreage
ⓘ
national average market prices ⓘ state average yields ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Food, Conservation, and Energy Act of 2008
→
createsProgram
→
Average Crop Revenue Election program
ⓘ