Discussion: What Have We Learned from the New Suite of Risk Management Programs of the Food, Conservation, and Energy Act of 2008?

Bradley Lubben () and James L. Novak

Journal of Agricultural and Applied Economics, 2010, vol. 42, issue 3, 5

Abstract: 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 to low enrollment in the new program in 2009. An effective analysis of ACRE should consider farm programs as part of an integrated risk management portfolio, including crop insurance, marketing, and other risk management tools as opposed to a separate lottery program. Improving this integration could be one of the most significant consequences of the 2008 Farm Bill.

Keywords: Agribusiness; Agricultural and Food Policy; Agricultural Finance; Farm Management; Land Economics/Use; Political Economy; Public Economics; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (6)

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Journal Article: Discussion: What Have We Learned from the New Suite of Risk Management Programs of the Food, Conservation, and Energy Act of 2008? (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:92591

DOI: 10.22004/ag.econ.92591

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