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Federal Crop Insurance Vs. Ascs Disaster Assistance For Texas High Plains Cotton Producers: An Application Of Whole-Farm Simulation

Author

Listed:
  • Lemieux, Catharine M.
  • Richardson, James W.
  • Nixon, Clair J.

Abstract

A typical Texas High Plains cotton farm was simulated over a 10-year planning horizon using the FLIPSIM IV model to compare the effects of (a) participation in the Federal Crop Insurance (FCI) program, (b) participation in the ASCS low yield disaster program with either high or low target prices, or (c) nonparticipation. It was found that the highest level of crop insurance provided similar benefits as the disaster program.

Suggested Citation

  • Lemieux, Catharine M. & Richardson, James W. & Nixon, Clair J., 1982. "Federal Crop Insurance Vs. Ascs Disaster Assistance For Texas High Plains Cotton Producers: An Application Of Whole-Farm Simulation," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(2), pages 1-14, December.
    • Handle: RePEc:ags:wjagec:32264
    DOI: 10.22004/ag.econ.32264
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    Citations

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    Cited by:

    1. Drynan, Ross G., 1986. "A Note On Optimal Rules For Stochastic Efficiency Analysis," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 30(1), pages 1-10, April.
    2. Duffy, Patricia A. & Richardson, James W. & Smith, Edward G., 1986. "Effects of Alternative Farm Programs and Levels of Price Variability on Texas Cotton Farms," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(2), pages 97-106, December.
    3. Mapp, Harry P., 1983. "Crop Insurance Research Needs: Comments," 1983: S-180 Annual Meeting, March 28-30, 1983, San Antonio, Texas 271716, Regional Research Projects > S-180: Risk Management Strategies for Agricultural Production Firms: Perspectives and Research Issues.
    4. Skees, Jerry R., 1987. "Future Research Needs On Federal Multiple Peril Crop Insurance," Regional Research Projects > 1987: S-180 Annual Meeting, March 22-25, 1987, San Antonio, Texas 272346, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    5. Becker, N., 1999. "A comparative analysis of water price support versus drought compensation scheme," Agricultural Economics, Blackwell, vol. 21(1), pages 81-92, August.
    6. Richardson, James W. & Nixon, Clair J., 1983. "Selecting Among Alternative Depreciation Methods: A Stochastic Dominance Approach," 1983 Annual Meeting, July 31-August 3, West Lafayette, Indiana 279113, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Bruce A. McCarl & David A. Bessler, 1989. "Estimating An Upper Bound On The Pratt Risk A Version Coefficient When The Utility Function Is Unknown," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 56-63, April.
    8. Williams, Jeffery R. & Carriker, Gordon L. & Barnaby, G. Art & Harper, Jayson K. & Black, J. Roy, 1991. "Area-Measured Crop Insurance And Disaster Aid For Wheat And Grain Sorghum," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271256, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Richardson, James W. & Helms, Gary L. & Miller, Charles F. & Knutson, Ronald D., 1988. "Economic Payoffs of Multi-peril Crop Insurance and Disaster Programs for Cotton Producers in Selected Regions," Staff Reports 257928, Texas A&M University, Agricultural and Food Policy Center.
    10. King, Robert P., 1984. "Adjusting Crop Insurance Premium And Production Guarantee Levels To Reflect Farmer Experience," Staff Papers 13460, University of Minnesota, Department of Applied Economics.
    11. Duncan, Anthony & Richardson, James W. & Schwart, Robert B., Jr., 2004. "Probabilities of Success for Netherlands Dairy Farmers Moving Operations to the U.S," 2004 Annual meeting, August 1-4, Denver, CO 20302, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Cochran, Mark J., 1986. "Stochastic Dominance: The State Of The Art In Agricultural Economics," Regional Research Projects > 1986: S-180 Annual Meeting, March 23-26, 1986, Tampa, Florida 271995, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.

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