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

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  • Barnaby, G. Art

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.

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  • Barnaby, G. Art, 2010. "Should Basic Underwriting Rules be Applied to Average Crop Revenue Election and Supplemental Revenue?," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 42(3), pages 517-535, August.
    • Handle: RePEc:cup:jagaec:v:42:y:2010:i:03:p:517-535_00
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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 Paper Series 560, University of Wisconsin, Agricultural and Applied Economics.

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