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Government payments forecast at $11.1 billion in 2012

Government payments forecast at $11.1 billion in 2012
Government payments paid directly to producers are expected to total $11.1 billion in 2012, a 6.3-percent increase over the 2011 program payments. Direct payments under the Direct and Countercyclical Program (DCP) and the Average Crop Revenue Election Program (ACRE) are forecast at $4.96 billion for 2012.  This 5.4-percent increase in direct payments in 2012 over 2011 is largely due to the fact that the percentage of base acres on which direct payments are made increased from 83.3 percent for the 2011 crop year to 85.0 percent for the 2012 crop year. This chart is from the Farm Sector Income & Finances topic page on the ERS website.

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Last updated: Monday, October 15, 2012

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