Market Oriented Revenue Assistance for Farmers: A Case Study of the United State’s ACRE Program
About: This article is published in Journal of Distribution Science.The article was published on 2016-11-01 and is currently open access. It has received None citations till now. The article focuses on the topics: Revenue center & Revenue.
References
More filters
TL;DR: In this paper, the interaction and overlap among crop revenue insurance, Supplemental Revenue Assistance (SURE), and Average Crop Revenue Election (ACRE) was examined for Illinois and Kansas farms.
Abstract: Farm-level data from Illinois and Kansas for the 1991–2007 crops are used to examine the interaction and overlap among crop revenue insurance, Supplemental Revenue Assistance (SURE), and Average Crop Revenue Election (ACRE). Compared with 75% Crop Revenue Coverage Insurance (75% CRCP), ACRE provides more payments and has a greater impact on minimum farm revenue for the Illinois farms. In contrast, for the Kansas farms, 75% CRCP has the greater impact. SURE’s relative impact on the Illinois and Kansas farms depends on the metric. The overlap in payments from ACRE and 75% CRCP resulting from covering the same part of the revenue risk distribution is estimated to be less than 5% of ACRE payments. Several proposals for improving the farm safety net are discussed.
20 citations