ACRE VS DCP Food, Conservation, and Energy Act of 2008. Michael R. Dicks Department of Agricultural Economics Oklahoma State University. Thanks to: Larry Sanders Kim Anderson Dan Skipper Francie Tolle. June 6, 2008. It’s Done, Finally!!!. Overview. Two Commodity Program Options
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ACRE VS DCP Food, Conservation, and Energy Act of 2008
Michael R. Dicks
Department of Agricultural Economics
Oklahoma State University
June 6, 2008
It’s Done, Finally!!!
Breakeven Price – Switch from DCP to ACRE
Comparison of price volatility measures
SEC. 1601. ADMINISTRATION GENERALLY.
(1) IN GENERAL.—Except as otherwise provided in this subsection, not later than 90 days after the date of enactment of this Act, the Secretary and the Commodity Credit Corporation, as appropriate, shall promulgate such regulations as are necessary to implement this title and the amendments made by this title.
(d) ADJUSTMENT AUTHORITY RELATED TO TRADE AGREEMENTS COMPLIANCE.—
(1) REQUIRED DETERMINATION; ADJUSTMENT.—If the Secretary determines that expenditures under this title that are subject to the total allowable domestic support levels under the Uruguay Round Agreements (as defined in section 2 of the Uruguay Round Agreements Act (19 U.S.C. 3501)) will exceed such allowable levels for any applicable reporting period, the Secretary shall, to the maximum extent practicable, make adjustments in the amount of such expenditures during that period to ensure that such expenditures do not exceed such allowable levels.
This simply won’t help!!