Land Retirement Program Design and Empirical Assessments In the Presence of Crop Insurance Subsidies

David Hennessy, Ruiqing Miao and Hongli Feng

No 104002, 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania from Agricultural and Applied Economics Association

Abstract: The U.S. Federal Government implements environmental, biofuels and crop insurance programs that influence land use. They are not well-integrated in that cost savings from crop insurance subsidies are not acknowledged when screening land for retirement or when calculating the cost of land retirement programs. We identify and evaluate an optimal benefit index for enrollment in a land retirement program that includes a sub-index to rank land according to insurance subsidy savings. All else equal, land ranked higher in the Lorenz stochastic order should be retired first. Empirical analysis based on field level data will be provided.

Keywords: Land Economics/Use; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 25
Date: 2011
New Economics Papers: this item is included in nep-env and nep-ias
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea11:104002

DOI: 10.22004/ag.econ.104002

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