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

Carl Zulauf, Gary Schnitkey () and Michael Langemeier

Journal of Agricultural and Applied Economics, 2010, vol. 42, issue 3, 501-515

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.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:42:y:2010:i:03:p:501-515_00

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