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Evaluating the Impact of Proposed Farm Bill Programs with Crop Insurance for Southern Crops

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  • Davis, Todd
  • Anderson, John A.
  • Smith, Nathan

Abstract

A five-year stochastic model of proposed House and Senate farm bill programs interacting with crop insurance was used to simulate distributions of per acre net revenue for Arkansas rice, Texas cotton, and Georgia peanuts. Certainty equivalents were used to analyze the effect of risk aversion on preferred risk management strategies.

Suggested Citation

  • Davis, Todd & Anderson, John A. & Smith, Nathan, 2014. "Evaluating the Impact of Proposed Farm Bill Programs with Crop Insurance for Southern Crops," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162409, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea14:162409
    DOI: 10.22004/ag.econ.162409
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    References listed on IDEAS

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    1. Allan W. Gray & Michael D. Boehlje & Brent A. Gloy & Stephen P. Slinsky, 2004. "How U.S. Farm Programs and Crop Revenue Insurance Affect Returns to Farm Land," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(2), pages 238-253.
    2. Anderson, John D. & Harri, Ardian & Coble, Keith H., 2009. "Techniques for Multivariate Simulation from Mixed Marginal Distributions with Application to Whole-Farm Revenue Simulation," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 34(1), pages 1-15, April.
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    Cited by:

    1. Devadoss, Stephen & Luckstead, Jeff, 2018. "Production and Moral Hazard Effects of 2014 Cotton Farm Bill Policies," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266763, Southern Agricultural Economics Association.

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    More about this item

    Keywords

    Agricultural and Food Policy; Farm Management; Risk and Uncertainty;
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