Individual:             $  25
Group License:     $200

Register: http://commerce.cashnet.com/ksuagecon

At signup on June 1 the MYA price for 2009/10 will not be final, so farmers will not know the ACRE guarantee on June 1, nor will they know the payment for 2009, if any.  Farmers will have more information on wheat than will be the case for corn, sorghum or soybeans. 

This webinar provides the following:

1. An updated estimate of the 2009/10 MYA prices for the major commodities.  This price is used to make payments on the 2009 crop and to set the guarantee on the 2010 crop.  Wheat marketing year (MYA 2009/10 year) will be nearly complete with the final MYA 2009/10 published by NASS in their July report.  The other crops will not be final and published by NASS until September.

2. The state yield for 2009 is “complete” though NASS could adjust their number but that is unlikely. The 2009 NASS yield combined with the 2009/10 MYA price will be used to make any payments.

3. The 2009 state NASS yield will replace the 2004 NASS yield and then recalculate the 5 year Olympic average yield for the 2010 ACRE guarantee. 

4. We will compare the new 5 year Olympic average yield with a 30 year trend adjusted yield.  If a state has more than one loss year, then likely the 5 year Olympic average yield will be lower than the expected yield estimated on a 30 year history.  This means that the state is less likely to have an ACRE payment on the 2010 crop, paid in 2011.

5. We will also be able to provide upper and lower bounds on the 5 year Olympic average yield that will be used to set the 2011 ACRE guarantee, because once a grower elects ACRE, they are in the program until the end of the Farm Bill.

6. Once enrolled in ACRE farmers who plant more than 120% of their base acres will need to select the crops for ACRE payments.  Obviously they will want to select the crops most likely to generate payments.  Farmers will not need to select the crops until the end of the summer, so we will continue to provide updates on prices and yields used for ACRE on AgManager.info.

7. We will include a “guess” on the 2010/11 MYA prices for the ACRE crops.