Federal Programs for Agricultural Risk Management
Dylan Turner (),
Francis Tsiboe,
Katherine Baldwin,
Brian Williams,
Erik Dohlman,
Gregory Astill,
Sharon Raszap Skorbiansky,
Vidalina Abadam,
D. Adeline Yeh and
Russell Knight
No 340216, Economic Information Bulletin from United States Department of Agriculture, Economic Research Service
Abstract:
This report provides a broad overview of the Federal programs that are designed to help agricultural producers manage risks to income or profitability caused by natural and economic forces. This report refers to these programs as “risk management programs.” Focus is given to risk management programs that are available under the Agriculture Improvement Act of 2018 (i.e., 2018 Farm Bill). Thus, this publication serves as an update to previous work (Motamed et al., 2018), which focused on programs available under the Agricultural Act of 2014 (i.e., 2014 Farm Bill). Although each title of the Farm Bill contains programs that attenuate risk indirectly, most current targeted risk management programs are authorized under Title I: Commodity Programs or Title XI: Crop Insurance. Accordingly, this report primarily focuses on programs for crop and livestock producers that are available under these two titles. Available policies for managing production and price risk are discussed with recent trends in program enrollment and outlays provided.
Keywords: Agricultural and Food Policy; Agricultural Finance; Crop Production/Industries; Livestock Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 47
Date: 2023-12
New Economics Papers: this item is included in nep-agr and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersib:340216
DOI: 10.22004/ag.econ.340216
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