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Should Basic Underwriting Rules be Applied to Average Crop Revenue Election and Supplemental Revenue?

Author

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  • Barnaby, Glenn Arthur, Jr.

Abstract

This paper considers methods to adversely select on Average Crop Revenue Election (ACRE) and Supplemental Revenue (SURE). In the case of winter wheat, farmers had a large amount of a priori yield and price information before electing 2009 ACRE. Prior to the August 14 sign-up for ACRE, wheat was 3 months into the marketing year. In most years nearly half of the national average price is determined in the first 3 months of the marketing year. With this available information it was clear that Oklahoma, Texas, and Washington wheat would collect the maximum or near the maximum ACRE payment, while there was little chance that ACRE would pay on Colorado wheat.

Suggested Citation

  • Barnaby, Glenn Arthur, Jr., 2010. "Should Basic Underwriting Rules be Applied to Average Crop Revenue Election and Supplemental Revenue?," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 42(3), pages 1-19, August.
    • Handle: RePEc:ags:joaaec:92590
    DOI: 10.22004/ag.econ.92590
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    File URL: https://ageconsearch.umn.edu/record/92590/files/jaae423ip11.pdf
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    Cited by:

    1. Mitchell, Paul D. & Rejesus, Roderick M. & Coble, Keith H. & Knight, Thomas O., 2011. "Analyzing Farmer Participation Intentions and Enrollment Rates for the Average Crop Revenue Election (ACRE) Program," Staff Papers 116705, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.

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