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.

All labels observed (1)

Label Occurrences
Average Crop Revenue Election program canonical 2

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf United States federal agricultural program ⓘ
farm income support program ⓘ
administeredBy Farm Service Agency ⓘ
United States Department of Agriculture ⓘ
alsoKnownAs ACRE program ⓘ
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 ⓘ
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 ⓘ
geographicLevel state and farm levels ⓘ
goal to provide revenue stability to farmers ⓘ
to shift support from price-based to revenue-based mechanisms ⓘ
hasAbbreviation ACRE ⓘ
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 ⓘ
oversightBy United States Congress agriculture committees ⓘ
United States Government Accountability Office ⓘ
partOf 2008 U.S. farm bill ⓘ
policyDomain agricultural risk management ⓘ
farm income stabilization ⓘ
policyType counter-cyclical revenue support ⓘ
provides revenue-based risk protection ⓘ
relatedTo Direct and Counter-cyclical Payment program ⓘ
crop insurance programs in the United States ⓘ
replacedBy Agricultural Risk Coverage program ⓘ
Price Loss Coverage program ⓘ
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 ⓘ
usesData farm-level planted acreage ⓘ
national average market prices ⓘ
state average yields ⓘ

How these facts were elicited

Referenced by (2)

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 ⓘ
Agricultural Risk Coverage program → replaced → Average Crop Revenue Election program ⓘ