Providing Crop Disaster Assistance through a Modified Deficiency Payment Program

Mario Miranda () and Joseph W. Glauber

American Journal of Agricultural Economics, 1991, vol. 73, issue 4, 1233-1243

Abstract: Federal income support programs provide producers with only a limited degree of income protection in the event of a widespread crop failure. As an alternative to supplemental disaster assistance, we propose a modification of the deficiency payments program in which a producer's payment would be based on the difference between a target revenue and the average revenue in the producer's region. A regional target revenue progam would provide improved individual income protection without promoting moral hazard and would limit regional revenue shortfalls, thereby eliminating the demand for supplemental disaster assistance and reducing government costs.

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:73:y:1991:i:4:p:1233-1243.

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