Safety Nets or Trampolines? Federal Crop Insurance, Disaster Assistance, and the Farm Bill

Barry Goodwin () and Roderick Rejesus

Journal of Agricultural and Applied Economics, 2008, vol. 40, issue 2, 15

Abstract: We review the implications of the 2007 Farm Bill for the risk management dimensions of U.S. agriculture and policy. Legislative proposals suggest significant changes in risk management policy, including the introduction of state or national revenue insurance. We also pursue an empirical analysis of the interrelationships of crop insurance, disaster relief, and farm profitability. We find an inverse relationship between disaster assistance and insurance purchases. Our analysis also suggests that farmers that buy insurance and that receive disaster payments tend to have higher returns to farming.

Keywords: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2008
References: View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://ageconsearch.umn.edu/record/46980/files/goodwin.pdf (application/pdf)

Related works:
Journal Article: Safety Nets or Trampolines? Federal Crop Insurance, Disaster Assistance, and the Farm Bill (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:46980

DOI: 10.22004/ag.econ.46980

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().