Analyzing Farmer Participation Intentions and Enrollment Rates for the Average Crop Revenue Election (ACRE) Program

Paul Mitchell (), Roderick Rejesus, Keith Coble and Thomas O. Knight
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Thomas O. Knight: TX Tech University

Staff Paper Series from University of Wisconsin, Agricultural and Applied Economics

Abstract: The 2008 Farm Bill created the Average Crop Revenue Election (ACRE) program as a new commodity support program. Using a multinomial logit model to analyze a mail survey administered before the ACRE sign-up deadline, we identify factors driving farmer intentions regarding ACRE participation. Using a two-limit Tobit model to analyze actual county-level ACRE enrollment rates, we assess the effect of similar factors on actual farmer decisions. Results suggest that primary crops, risk perceptions, risk aversion, and program complexity were important factors. Farmer beliefs and attitudes also played key roles and were evolving during the months before the ACRE deadline.

Date: 2011-08
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (2)

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Working Paper: Analyzing Farmer Participation Intentions and Enrollment Rates for the Average Crop Revenue Election (ACRE) Program (2011)
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