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Get a GRIP: Should Area Revenue Coverage Be Offered through the Farm Bill or as a Crop Insurance Program? 31
Paulson, Nicholas D.; Babcock, Bruce A..
The successful expansion of the U.S. crop insurance program has not eliminated ad hoc disaster assistance. An alternative currently being explored by members of Congress and others in preparation of the 2007 farm bill is to simply remove the "ad hoc" part of disaster assistance programs by creating a standing program that would automatically funnel aid to hard-hit regions and crops. One form such a program could take can be found in the area yield and area revenue insurance programs currently offered by the U.S. crop insurance program. The Group Risk Plan (GRP) and Group Risk Income Protection (GRIP) programs automatically trigger payments when county yields or revenues, respectively, fall below a producer-elected coverage level. The per-acre taxpayer...
Tipo: Working or Discussion Paper Palavras-chave: Area revenue insurance; Commodity programs; Crop insurance; Group Risk Income Protection; Agricultural and Food Policy; Risk and Uncertainty.
Ano: 2007 URL: http://purl.umn.edu/18333
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