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Get a Grip: Should Area Revenue Coverage Be Offered Through the Farm Bill or as a Crop Insurance Program?

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Author Info
Paulson, Nicholas D.
Babcock, Bruce A.

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Abstract

The successful expansion of the U.S crop insurance program has not eliminated ad hoc disaster assistance. An alternative currently being explored by Congress in preparation of the 2008 farm bill is a standing disaster relief program. One form such a program could take can be found in the area insurance programs currently offered by the U.S crop insurance program. Total per acre taxpayer costs of offering Group Risk Income Protection (GRIP) in Indiana, Illinois, and Iowa for corn and soybeans are estimated to have the ability to fund a country target revenue program at the 93% coverage level.

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File URL: http://purl.umn.edu/42458
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Publisher Info
Article provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.

Volume (Year): 33 (2008)
Issue (Month): 2 (August)
Pages:
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Handle: RePEc:ags:jlaare:42458

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Web page: http://waeaonline.org/
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Related research
Keywords: Area insurance; Commodity programs; Crop insurance; Farm bill; Group Risk Income Protection; Agricultural and Food Policy; Agricultural Finance;

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Alan P. Ker & Keith Coble, 2003. "Modeling Conditional Yield Densities," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 85(2), pages 291-304, 05. [Downloadable!] (restricted)
  2. Jeffrey R. Brown & Amy Finkelstein, 2004. "The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market," NBER Working Papers 10989, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Barnett, Barry J. & Black, J. Roy & Hu, Yingyao & Skees, Jerry R., 2005. "Is Area Yield Insurance Competitive with Farm Yield Insurance?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 30(02), August. [Downloadable!]
  4. Lence, Sergio H & Hayes, Dermot J, 2002. " U.S. Farm Policy and the Volatility of Commodity Prices and Farm Revenues," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 84(2), pages 335-51, May. [Downloadable!] (restricted)
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  5. Vedenov, Dmitry & Miranda, Mario & Dismukes, Robert & Glauber, Joseph, 2004. "Economic Analysis of the Standard Reinsurance Agreement," 2004 Annual meeting, August 1-4, Denver, CO 20345, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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This page was last updated on 2009-11-26.

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