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May 26, 2010     Sentinel Tribune
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May 26, 2010
 

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SENTINEL TRIBUNE Sport:s Wednesday, May 26, 2010 Evaluate farm situa- tion when consider- ing ACRE program By Kent Olson U of MN Ext. If they did not sign up in 2009, farmers have until June 1, 2010, to sign their farms up for the Average Crop Revenue Election (ACRE) program, the optional safety net for farmers provided in the 2008 Farm Bill. And farmers should pay close attention to this decision for 2010. Current research results from University of Minnesota Extension tilt toward the deci- sion to sign up in 2010. The decision in 2009 was a toss up as io whether ACRE or coun- ter-cyclical payments (CCP) was a better bet. The 2010 decision to sign up, for ACRE involves more uncertainty than in 2009 Athletic Awards Banquet Athletes of the Year Alexis Quade Mason Comnick Patrick Schweim Army-Scholar Award Sara Jarmer Spencer Knott Excel Awards Chanel Madson Aaron Theisen Triple A award Spencer Knott Charger Awards Carlyn Kletscher Zach Otto Marines Award Morganne Knakmuhs Jon LeBoutillier Standing from left: Mason Comnick, Jon LeBoutillier, Morganne Knakmuhs, Patrick Schweirn, Alexis Quade, Spencer Knott, Aaron Theisen, and Zach Otto. Kneeling: Sara Jarmer, and Carlyn Kletscher. Page 12 because we know less about the marketing year for the 20'10 crop and less about the early growing season weather and its effects on the yield for, most crops. While we can make an estimate of what the 2009 payments will be, the results for 2009 do not have any impact on the likelihood of ACRE payments for the 2010 crop. Example calculations point toward ACRE payments for corn, soybean and wheat in Minnesota, but this is not cer- tain. There are many inter- related moving parts in this decision. To predict the prob- ability of ACRE payments in the midst of uncertainty, I estimated the potential val- ues and distributions of yields and prices for 2010 and com- bined them with the ACRE program's rules in a statistical m .odel. Based on 1,000 runs of this model, the results estimate po{ential state ACRE pay- mt rates in Minnesota near $5,0 per acre for corn, $30 for soybeans, and $27 for wheat, with positive payment rates estimated to occur in more than 50 percent of the estima- tions. Actual payments to indi- vidual farms would depend on wlaether each farm had a loss under ACRE rules, the second trigger in the ACRE program. However, these are just esti- mates. The possibility of no payments also exists. Tanners who did not sign up." for ACRE in 2009 need to evaluate their specific condi- tions and payment limits and decide which program is the begt option for them in 2010. Tllose who signed up for ACRE in 2009 cannot revoke this decision. Based on my calculations, the likelihood of a payment in all three major crops (corn, soybean, and wheat) is high enough that farmers should seriously consider this deci- sirn. Current indicators point to i a good production year, which points to dropping pric- es,. which may turn into lower revenue. Farmers may well benefit by "buying into" the ACRE program as revenue insurance in case the mar- kets tunas down. For 2010, the cost of losing 20 percent of a farmer's direct payments (DP) may be worth the insurance of the market and weather mov- ing against gross revenue. If 2010 revenue does de.dine, the rules of ACRE will bring down the state guarantee in future years, but the potential benefit of having higher payments with ACRE in 2010 may easily outweigh the loss of DP in future years. An Excel worksheet for analyzing the choice between ACRE and counter-cyclical payments is available on the Extension website at www. extension, umn.edu/go/1032. Also, further information on ACRE and other FSA pro- grams is available on FSA's website at: www.fsa.usda.go. Buy, Sell, or Rent in the Classified ads Sentinel Tribune Ph. 274-6136 1-800-410-1859 Chargers slip past the Dutchme, n Last week the RRCWWG Falcons took on the Edgerton Flying Dutchmen at the diamond in Westbrook. The Chargers chalked up a win over the Dutchmen 5-4. Right: Shane Schoborg slid in to home avoiding the tag by the Edgerton catcherl. Community Calendar The calendar is printed the last week of each month for the com- ing months events. If you have an item you would like included please drop it off at the Sentinel Tribune Office in Westbrook or the Oleson's Mercantile in Walnut Grove by the Friday prior to publica- tion. We would like to have brief announcements of general nature. Some of the items we use are taken from sources previously printed. If you know of changes in these events please let us know so we can correct them. Please take note of the spon- sors who bring you this monthly calendar. Sunday ,, I Monday   13 ZO 27 WG-School library.3:30-5:30pm WG-20th Century Club WB-Library, 9-6pm WB-Heritage House Museum mtg, noun WB-TOPS, 4:30pro WB-City Council 7 pra WG-Schoul library.3:30-5:30pm Tuesday WG-Am. Legio, Post WB-Library, 9-6pm WG-Am. Leg. Aux, 6:30pm WG-Keeoagersn WB-Library, 9-6pro WB-Library, 9-6pm l June 201 0[ Wednesday Thursctay WG-School library, 3:30-5:30pm {3 WB-Library, l-6pm WB-Sunset,l:30 pm WG-School library, 3:30-5:30pm WB-Library, 1-6pro WB-Sen, Cit Fun time. 7pm WG-School library, WG-School library, 3:30-6pm u WB-Library, 9-3pm WB-Kiwanis club, noon WG-School library, 3:30-6pm WG-Lions Club n WB-Library, 9-3pn WB-Kiwanis club, noon WB-Womens Club mtg 10 WG-School library, 3:30-6pm Friday WB-Library, 9-3pm WB-Library, 9-3pm WB-Library, 9-3pro 4 11 WG-Micawber Club WG-City Council n WB-Library. 9-6pro WB-TOPS. 4:30pm WB-Firemen's mtg. Dovray Boosters. 5:30pm 14 WG-School library:30-5:30p# WG-Arnicus Club WWG School board, 7 pm ra 15 WG-School library, 3:30-6pm WG-Keenageers WB-Library, 9-6pm 3:30-5:30pm WB-Library, l-6pm WG-School library, 3:30-5:30pm WB-Library, 1-6pm WB-Library, 9-3pm WB-Kiwanis club, noon WB-Arnbulance squad mtg. 16 17 WG-School library, 3:30-6pr WB-Library, 9-3pm WB-Kiwanis club, noon WB-Library, 9-3pm 18 WB-Library, 9-6pm WB-TOPS, 4:30pro WB-Lion's club 21 WG-limmen meeting la WB-Library, 9-6pm WB-TOPS, 4:30pro WB-Sen. Citiz. potluck, 6 pm 9-6pro 28 WB-Kiwanis club, noon 22 WG-EDA mtg., 5:30 pm WB-Library, 9-6pm WG-School library, 3:30-5:30pm WB-Library, l-6pm 29 23 3O 24 25 Saturday 12 19 Z6 Integrity Bank Plus Member FDIC Equal Opportunity Lender Phone 507-859-2151 1,,o. Westbrook- Walnut Grove Funeral Home Nathan & Valerie Stephens Westbrook, MN Phone 507-274-6700 Walnut Grove, MN Phone 507-859-2161 159052 Good. Sa.mantan ;bOClety.." . . 149 First Avenue, PO Box 218 Westbrook, MN 56183-0218 Phone 507-274-6155 Maynards, Inc. Westbrook, MN - 507-274-5555 Serving communities in South Dakota, Minnesota, and Iowa 175342 Sentinel Tribune "'Your complete local news source" Ph. 507-274-6136 or 1-800-410-1859