IDEAS home Printed from https://ideas.repec.org/p/ags/uersib/327351.html
   My bibliography  Save this paper

Specialty Crop Participation in Federal Risk Management Programs

Author

Listed:
  • Skorbiansky, Sharon Raszap
  • Astill, Gregory
  • Rosch, Stephanie
  • Higgins, Elizabeth
  • Ifft, Jennifer
  • Rickard, Bradley

Abstract

This study characterizes recent changes in Federal Crop Insurance Program (FCIP) and Noninsured Crop Disaster Program (NAP) use by specialty crop farmers, compares differences among conventional and organic farms, and investigates the reasons some farmers choose whether to participate in these programs. Specialty crop growers increased the value of their crops insured by FCIP products from about $12 billion in 2011 to about $21 billion in 2020 (not adjusted for inflation). A case study of nine specialty crop growers in New York State explores reasons they choose whether to participate in these Federal programs.

Suggested Citation

  • Skorbiansky, Sharon Raszap & Astill, Gregory & Rosch, Stephanie & Higgins, Elizabeth & Ifft, Jennifer & Rickard, Bradley, 2022. "Specialty Crop Participation in Federal Risk Management Programs," Economic Information Bulletin 327351, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersib:327351
    DOI: 10.22004/ag.econ.327351
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/327351/files/eib-241.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.327351?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Weersink, Alfons & von Massow, Mike & Bannon, Nicholas & Ifft, Jennifer & Maples, Josh & McEwan, Ken & McKendree, Melissa G.S. & Nicholson, Charles & Novakovic, Andrew & Rangarajan, Anusuya & Richards, 2021. "COVID-19 and the agri-food system in the United States and Canada," Agricultural Systems, Elsevier, vol. 188(C).
    2. Singerman, Ariel & Hart, Chad E. & Lence, Sergio H., 2012. "Revenue Protection for Organic Producers: Too Much or Too Little?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 37(3), pages 1-20.
    3. Vincent H. Smith & Barry K. Goodwin, 1995. "The Economics of Crop Insurance and Disaster Aid," Books, American Enterprise Institute, number 53374, September.
    4. Shuoli Zhao & Chengyan Yue, 2020. "Risk preferences of commodity crop producers and specialty crop producers: An application of prospect theory," Agricultural Economics, International Association of Agricultural Economists, vol. 51(3), pages 359-372, May.
    5. Jian Shi & JunJie Wu & Beau Olen, 2020. "Assessing effects of federal crop insurance supply on acreage and yield of specialty crops," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 68(1), pages 65-82, March.
    6. McBride, William D. & Greene, Catherine & Foreman, Linda & Ali, Mir, 2015. "The Profit Potential of Certified Organic Field Crop Production," Economic Research Report 262208, United States Department of Agriculture, Economic Research Service.
    7. Yu, Jisang & Sumner, Daniel A. & Lee, Hyunok, 2021. "Premium rates and selection in specialty crop insurance markets: Evidence from the catastrophic coverage participation," Food Policy, Elsevier, vol. 101(C).
    8. Dimitri, Carolyn & Oberholtzer, Lydia & Wittenberger, Michelle, 2010. "The Role of Contracts in the Organic Supply Chain: 2004 and 2007," Economic Information Bulletin 102762, United States Department of Agriculture, Economic Research Service.
    9. Hungerford, Ashley & Astill, Gregory & Effland, Anne, 2017. "Changes to the Noninsured Crop Disaster Assistance Program Under the Agricultural Act of 2014: Their Potential Risk Reduction Impacts," Economic Information Bulletin 262132, United States Department of Agriculture, Economic Research Service.
    10. Skorbiansky, Sharon Raszap & Thornsbury, Suzanne & Camp, Kevin M., 2021. "Legal Risk Exposure Heightens Uncertainty in Developing U.S. Hemp Markets," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 36(1), February.
    11. Fernandez-Cornejo, Jorge & Mishra, Ashok K. & Nehring, Richard F. & Hendricks, Chad & Southern, Malaya & Gregory, Alexandra, 2007. "Off-Farm Income, Technology Adoption, And Farm Economic Performance," Economic Research Report 7234, United States Department of Agriculture, Economic Research Service.
    12. MacDonald, James M., 2015. "Trends in Agricultural Contracts," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 30(3), pages 1-6, August.
    13. Collins, Keith, 2012. "Crop Insurance and Specialty Crops," NCIS Special Reports 160474, National Crop Insurance Services (NCIS).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Richard KOENIG & Marielle BRUNETTE, 2023. "Climate change perception, impact and adaptation: Implications for crop insurance," Working Papers of BETA 2023-36, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. Turner, Dylan & Tsiboe, Francis & Baldwin, Katherine & Williams, Brian & Dohlman, Erik & Astill, Gregory & Skorbiansky, Sharon Raszap & Abadam, Vidalina & Yeh, D. Adeline & Knight, Russell, 2023. "Federal Programs for Agricultural Risk Management," Economic Information Bulletin 340216, United States Department of Agriculture, Economic Research Service.
    3. Cai, Xiaowei & Volpe, Richard & Barraza, Fernando, 2024. "Farmland Values in California: Pre- and Post-COVID-19 Perspectives," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2024, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Erica Kistner & Olivia Kellner & Jeffrey Andresen & Dennis Todey & Lois Wright Morton, 2018. "Vulnerability of specialty crops to short-term climatic variability and adaptation strategies in the Midwestern USA," Climatic Change, Springer, vol. 146(1), pages 145-158, January.
    2. Durant, Jennie L. & Asprooth, Lauren & Galt, Ryan E. & Schmulevich, Sasha Pesci & Manser, Gwyneth M. & Pinzón, Natalia, 2023. "Farm resilience during the COVID-19 pandemic: The case of California direct market farmers," Agricultural Systems, Elsevier, vol. 204(C).
    3. Knight, Thomas O. & Coble, Keith H., 1999. "Actuarial Effects of Unit Structure in the U.S. Actual Production History Crop Insurance Program," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 31(3), pages 519-535, December.
    4. Christoph Duden & Oliver Mußhoff & Frank Offermann, 2023. "Dealing with low‐probability shocks: The role of selected heuristics in farmers’ risk management decisions," Agricultural Economics, International Association of Agricultural Economists, vol. 54(3), pages 382-399, May.
    5. Davis, Christopher & Dimitri, Carolyn & Nehring, Richard & Collins, LaPorchia & Haley, Mildred & Ha, Kim & Gillespie, Jeffrey, 2022. "U.S. Hog Production: Rising Output and Changing Trends in Productivity Growth," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 2022(Economic ), August.
    6. Belasco, Eric & Galinato, Suzette & Marsh, Tom & Miles, Carol & Wallace, Russell, 2013. "High Tunnels Are My Crop Insurance: An Assessment of Risk Management Tools for Small-scale Specialty Crop Producers," Agricultural and Resource Economics Review, Cambridge University Press, vol. 42(2), pages 403-418, August.
    7. Linging Hou & Dana L.K. Hoag & Yueying Mu, 2011. "Testing for adverse selection of crop insurance in northern China," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 3(4), pages 462-475, November.
    8. Utesov, Nurlan & Mitchell, Paul D. & Du, Xiaodong, 2024. "Product Differentiation and Equilibrium Transition: Local premium quality foods and marketing contracts in the Wisconsin fresh potato market," 2024 Annual Meeting, July 28-30, New Orleans, LA 343964, Agricultural and Applied Economics Association.
    9. Bina, Justin D. & Tonsor, Glynn T. & Schulz, Lee L. & Hahn, William F., 2022. "Regional and plant-size impacts of COVID-19 on beef processing," Food Policy, Elsevier, vol. 108(C).
    10. Fernandez-Cornejo, Jorge & Nehring, Richard F. & Erickson, Kenneth W., 2007. "Off-Farm Work and Economic Performance: Comparing Crop and Livestock Farms," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9904, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Seojin Cho & John M. Antle, 2024. "Price‐endogenous technology, producer welfare, and ex ante impact assessment: The case of industrial hemp," American Journal of Agricultural Economics, John Wiley & Sons, vol. 106(2), pages 883-903, March.
    12. John M. Wallace & Alwyn Williams & Jeffrey A. Liebert & Victoria J. Ackroyd & Rachel A. Vann & William S. Curran & Clair L. Keene & Mark J. VanGessel & Matthew R. Ryan & Steven B. Mirsky, 2017. "Cover Crop-Based, Organic Rotational No-Till Corn and Soybean Production Systems in the Mid-Atlantic United States," Agriculture, MDPI, vol. 7(4), pages 1-21, April.
    13. Zhang, Li, 2008. "Three essays on agricultural risk and insurance," ISU General Staff Papers 2008010108000016857, Iowa State University, Department of Economics.
    14. Vincent H. Smith & Joseph W. Glauber, 1998. "The Effects Of 1996 Farm Legislation On Feed And Food Grains," Contemporary Economic Policy, Western Economic Association International, vol. 16(1), pages 69-76, January.
    15. Štefan Bojnec & Imre Fertő, 2013. "Farm income sources, farm size and farm technical efficiency in Slovenia," Post-Communist Economies, Taylor & Francis Journals, vol. 25(3), pages 343-356, September.
    16. Lysa Porth & Milton Boyd & Jeffrey Pai, 2016. "Reducing Risk Through Pooling and Selective Reinsurance Using Simulated Annealing: An Example from Crop Insurance," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 41(2), pages 163-191, September.
    17. Marco Rogna & Günter Schamel & Alex Weissensteiner, 2019. "Choosing between Hail Insurance and Anti-Hail Nets: A Simple Model and a Simulation among Apples Producers in South Tyrol," BEMPS - Bozen Economics & Management Paper Series BEMPS62, Faculty of Economics and Management at the Free University of Bozen.
    18. Raszap Skorbiansky, Sharon & Ferreira, Gustavo C., 2018. "Analysis of Fraud Incidents in the U.S. Organic Market," 2018 Annual Meeting, August 5-7, Washington, D.C. 273856, Agricultural and Applied Economics Association.
    19. William D. McBride & Catherine Greene, 2009. "Costs of Organic Milk Production on U.S. Dairy Farms," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(4), pages 793-813, December.
    20. Ran Lu & Hongjun Zeng, 2022. "VIX and major agricultural future markets: dynamic linkage and time-frequency relations around the COVID-19 outbreak," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 40(2), pages 334-353, September.

    More about this item

    Keywords

    Risk and Uncertainty; Crop Production/Industries;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uersib:327351. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.