COLLEGE STATION – The Agricultural and Food Policy Center at Texas A&M University has released new decision aid software that will help crop producers assess the risk of receiving farm program payments.
The ACRE decision aid was developed by faculty and staff at the center, said Dr. James Richardson, co-director, and funded in part by Cotton Incorporated and National Sorghum Producers.
The tool will help producers in deciding whether to continue receiving counter-cyclical payments (CCP) triggered during times of low prices, or opt for a revenue-based payment known as Average Crop Revenue Election (ACRE) triggered by low prices and/or yields.
“The ACRE Decision Aid is a Web-based model that allows you to enter the data for each of your farm units and view/print the results,” said Dr. Joe Outlaw, co-director of the policy center. “You can save your input data and rerun the farm unit under alternative price and crop mix assumptions.”
The decision aid is available at http://www.afpc.tamu.edu/models/acre/index.php.
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