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Modeling Correlated and Disaggregated Crop Revenue Distributions: Implications under Mixed Policy and Program Initiatives

Jim A. Jansen, Matthew Stockton () and Bradley Lubben ()

No 124688, 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington from Agricultural and Applied Economics Association

Abstract: This work outlines the quantitative procedures and results of the policy effects for alternative designs of federal revenue-based farm income safety net programs on eight individual representative farms across the state of Nebraska. Measures include financial impacts of the farm crop revenue-based safety net with a state revenue trigger versus potential alternative programs involving guarantees at the district, county, and farm levels. The methodology correlates national yield and prices with state, district, county, and farm-level yields. Results indicate that decreasing the aggregation of the revenue guarantee increases expected farm-level payments and program costs for the revenue-based safety net.

Keywords: Agricultural and Food Policy; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 27
Date: 2012-06-04
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea12:124688

DOI: 10.22004/ag.econ.124688

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