On September 12, 2011, the National Corn Growers Association unveiled the Agriculture Disaster Assistance Program (ADAP), a commodity title proposal for the 2012 Farm Bill. The new program aims to provide a more effective and responsive insurance program for growers and would replace the existing Average Crop Revenue Election Program (ACRE). Unlike ACRE, ADAP uses harvest prices and crop reporting districts to set crop revenue guarantees and limits payments to 10 percent of guarantees based on a five-year Olympic average of revenue.
Click here to read the NCGA press release
Written by Andy Schwabenbauer, Research Fellow
September 20, 2011