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Analyzing Producer Preferences for Counter-Cyclical Government Payments

Author

Listed:
  • Miller, J. Corey
  • Barnett, Barry J.
  • Coble, Keith H.

Abstract

A dynamic-stochastic model is developed to evaluate preferences among alternative countercyclical payment programs for representative farms producing corn or soybeans in Iowa and cotton or soybeans in Mississippi. Countercyclical payment programs are found to not necessarily be preferred to fixed payment programs.

Suggested Citation

  • Miller, J. Corey & Barnett, Barry J. & Coble, Keith H., 2003. "Analyzing Producer Preferences for Counter-Cyclical Government Payments," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 35(3), pages 671-684, December.
    • Handle: RePEc:cup:jagaec:v:35:y:2003:i:03:p:671-684_02
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    References listed on IDEAS

    as
    1. Barnett, Barry J., 2014. "Barry J. Barnett," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 46(3), pages 1-2, August.
    2. Viswanath Tirupattur & Robert J. Hauser & Phelim P. Boyle, 1997. "Theory and Measurement of Exotic Options in U.S. Agricultural Support Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1127-1139.
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    Citations

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    Cited by:

    1. Coble, Keith H. & Thomas, Sarah E. & Miller, J. Corey, 2007. "The Effect of Changing Government Subsidy Programs: An Analysis of Revenue at the Farm level," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34931, Southern Agricultural Economics Association.
    2. Banerjee, Swagata (Ban) & Martin, Steven W., 2006. "Certainty Equivalent Farm Returns from Bt and Non-Bt Cotton," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35383, Southern Agricultural Economics Association.
    3. Ling, Shuqiong & Deng, Xiaohui & Barnett, Barry J., 2007. "Evaluating a Proposed Modification to Federal Crop Insurance," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34816, Southern Agricultural Economics Association.
    4. Wolf, Christopher A. & Tonsor, Glynn T., 2013. "Dairy Farmer Policy Preferences," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 38(2), pages 1-15, August.

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    More about this item

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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