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Managing Risk With Revenue Insurance

Author

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  • Dismukes, Robert
  • Coble, Keith H.

Abstract

Crop revenue insurance offers farmers a way to manage revenue variability that results from yield and price risks. Commodity-level revenue insurance, particularly for corn, soybeans, and wheat, has become a major part of the subsidized Federal crop insurance program. Whole-farm revenue insurance, based on combined revenue from all commodities produced on a farm, is a more broad-based approach, but is difficult to administer.
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Suggested Citation

  • Dismukes, Robert & Coble, Keith H., 2007. "Managing Risk With Revenue Insurance," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, pages 1-6, May.
    • Handle: RePEc:ags:uersaw:125428
    DOI: 10.22004/ag.econ.125428
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    Cited by:

    1. Hungerford, Ashley & O'Donoghue, Erik & Motamed, Mesbah, 2015. "Risk Reduction and the 2014 Farm Bill," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 204845, Agricultural and Applied Economics Association.
    2. Jeremy G. Weber & Nigel Key & Erik O’Donoghue, 2016. "Does Federal Crop Insurance Make Environmental Externalities from Agriculture Worse?," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 3(3), pages 707-742.
    3. Angelo Frascarelli & Simone Del Sarto & Giada Mastandrea, 2021. "A New Tool for Covering Risk in Agriculture: The Revenue Insurance Policy," Risks, MDPI, vol. 9(7), pages 1-16, July.
    4. Keith H. Coble & Robert Dismukes, 2008. "Distributional and Risk Reduction Effects of Commodity Revenue Program Design ," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(3), pages 543-553.
    5. Williams, Jeffery R. & Saffert, Andrew T. & Barnaby, G. Art & Llewelyn, Richard V. & Langemeier, Michael R., 2014. "A Risk Analysis of Adjusted Gross Revenue-Lite on Beef Farms," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 46(2), pages 227-244, May.
    6. Cooper, Joseph C., 2009. "Economic Aspects of Revenue-Based Commodity Support," Economic Research Report 55838, United States Department of Agriculture, Economic Research Service.
    7. Chalise, Lekhnath & Coble, Keith H. & Barnett, Barry J. & Miller, J. Corey, 2017. "Developing Area-Triggered Whole Farm Revenue Insurance," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 42(1), pages 1-18, January.
    8. Finger, Robert, 2012. "How strong is the “natural hedge”? The effects of crop acreage and aggregation levels," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122538, European Association of Agricultural Economists.

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    Keywords

    Risk and Uncertainty;

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