Average Crop Revenue Election, Crop Insurance, and Supplemental Revenue Assistance: Interactions and Overlap for Illinois and Kansas Farm Program Crops

Carl R. Zulauf, Gary Schnitkey (schnitke@illinois.edu) and Michael Langemeier

Journal of Agricultural and Applied Economics, 2010, vol. 42, issue 3, 15

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.

Keywords: Agribusiness; Agricultural and Food Policy; Farm Management; Land Economics/Use; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (8)

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Journal Article: Average Crop Revenue Election, Crop Insurance, and Supplemental Revenue Assistance: Interactions and Overlap for Illinois and Kansas Farm Program Crops (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:92589

DOI: 10.22004/ag.econ.92589

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