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Economic Aspects of Revenue-Based Commodity Support AgEcon
Cooper, Joseph C..
Interest in revenue-based commodity support is evident in the Food, Conservation and Energy Act of 2008 (the 2008 Farm Bill), which gives eligible producers the option of participating in the Average Crop Revenue Election (ACRE) program in return for reductions and eliminations of payments under more traditional programs. This report examines how the uncertainty in U.S. domestic commodity support payments for corn may differ between traditional-style approaches (defined as price-based payments plus yield-based disaster payments) to support and two revenue-based support scenarios. Variability around the total expected annual payment was found to be lower under revenue-based support, as was the probability of high payments. These results suggest potential...
Tipo: Report Palavras-chave: Domestic commodity support; Revenue-based support; Marketing loan benefits; Countercyclical payments; Disaster assistance; Federal crop insurance; Agricultural and Food Policy; Crop Production/Industries; Demand and Price Analysis; Financial Economics.
Ano: 2009 URL: http://purl.umn.edu/55838
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Changing Farm Structure and the Distribution of Farm Payments and Federal Crop Insurance AgEcon
White, T. Kirk; Hoppe, Robert A..
The distribution of commodity-related payments and Federal crop insurance indemnities to U.S. farmers has shifted to larger farms as more and more U.S. agricultural production is done on those farms. Since the operators of larger farms tend to have higher household incomes than other farm operators, commodity-related program payments and Federal crop insurance indemnities also have shifted to higher income households. By 2009, half of commodity-related program payments went to farms operated by households earning over $89,540, a quarter went to farms operated by households with incomes greater than $209,000 and 10 percent went to farms operated by households with incomes of at least $425,000. Current income eligibility caps and payment limits affect few...
Tipo: Technical Report Palavras-chave: Farm program payments; Federal crop insurance; Agricultural Resource Management Survey; Structural change; Income caps; Payment limits.; Agricultural and Food Policy; Agricultural Finance; Industrial Organization; Public Economics.
Ano: 2012 URL: http://purl.umn.edu/120309
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