New revenue-based support programs in the 2008 Farm Bill represent a fundamental shift in farm programs and risk management decision-making. However, complexity, uncertainty, economics, and, arguably, an incomplete analysis of the new Average Crop Revenue Election (ACRE) program all contributed...

This study evaluates the policy effects of alternative program designs for federal revenue-based farm income safety net programs. Eight representative farms across Nebraska are used to stochastically simulate the financial impact of changing the current farm crop revenue-based safety net with a...

Presented to USDA Economists Group, Washington, DC, 03 October 2008.

Recent changes in federal farm programs and contemporary farm program proposals highlight an evolving shift in farm policy from income support to risk management. A mix of price- and revenue-based commodity programs as well as yield- and revenue-based insurance products provide crop producers 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...

Risk management and income stabilization have been gaining increasing attention in the EU’s agricultural policy debate, also in connection to the recent proposal of a specific package of measures hypothesized in the ongoing CAP reform. The paper summarizes the current policy picture at EU and...

Este articulo reflexiona sobre los principales temas en torno al reciente debate sobre la gestion de riesgos y crisis agrarias. El objetivo del analisis es identificar las politicas mas probables de ser asoptadas en el corto plazo y proponer algunas refleciones sobre perspectivas alternativas...

The majority of farm households in OECD countries earn more off-farm income than farm income, even including government payments. While this is a well recognized fact its implications for risk management have not been well recognized. Current efforts to reform farm support have focused on the...

Replaced with revised version of paper 07/29/10.

Rankings of different risk management portfolios including Average Crop Revenue Election (ACRE), traditional government payment programs, crop insurance and hedging in futures; and optimal choices of insurance coverage levels and hedge ratios are evaluated for a representative central Indiana...