Budgetary and Resource Allocation Effects of Revenue Assurance: Summary of Results, The

David Hennessy, Bruce Babcock and Dermot Hayes

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: One of the more intriguing alternatives under consideration for the 1995 Farm Bill is the "Iowa Plan." This idea originated with a group of Iowa's farm and commodity organizations. It is receiving increased attention from national farm organizations, academics, and politicians. The basic premise is very simple. Rather than the current mixture of target prices, disaster payments, set-aside provisions, and crop insurance, the government would underwrite a program that guarantees producers a certain percentage of recent revenues. The idea has much intuitive appeal because farmers(and their bankers) would by assured of a certain revenue figure regardless of what happens to prices or yield.

Date: 1995-02
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.card.iastate.edu/products/publications/pdf/95bp7.pdf Full Text (application/pdf)
https://www.card.iastate.edu/products/publications/synopsis/?p=462 Online Synopsis (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:95-bp7

Access Statistics for this paper

More papers in Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University Contact information at EDIRC.
Bibliographic data for series maintained by ().