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Farm Risk Policy At A Crossroad

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  • Coble, Keith H.

Abstract

Legislatively mandated declines in government program payments have coincided with sharp declines in most major crop commodity prices. Thus, a debate has begun about the direction of future farm policy. The debate has been largely expressed in terms of a "safety net" for producers. This paper address several economic issues associated with proposals to enhance the agricultural "safety net." The case is made that crop insurance reform cannot satisfy the desire for above-market price supports. Characteristics required for an insurable risk are discussed, as are the interactions between public and private risk-management tools.

Suggested Citation

  • Coble, Keith H., 2000. "Farm Risk Policy At A Crossroad," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 18(1), pages 1-14, March.
    • Handle: RePEc:ags:jloagb:14704
    DOI: 10.22004/ag.econ.14704
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    File URL: https://ageconsearch.umn.edu/record/14704/files/18010091.pdf
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    References listed on IDEAS

    as
    1. Harwood, Joy L. & Heifner, Richard G. & Coble, Keith H. & Perry, Janet E. & Somwaru, Agapi, 1999. "Managing Risk in Farming: Concepts, Research, and Analysis," Agricultural Economic Reports 34081, United States Department of Agriculture, Economic Research Service.
    2. Keith H. Coble & Thomas O. Knight & Rulon D. Pope & Jeffery R. Williams, 1997. "An Expected-Indemnity Approach to the Measurement of Moral Hazard in Crop Insurance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 216-226.
    3. Thomas O. Knight & Keith H. Coble, 1997. "Survey of U.S. Multiple Peril Crop Insurance Literature Since 1980," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 19(1), pages 128-156.
    4. Jerry R. Skees & Barry J. Barnett, 1999. "Conceptual and Practical Considerations for Sharing Catastrophic/Systemic Risks," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 21(2), pages 424-441.
    5. Barnett, Barry J. & Coble, Keith H., 1999. "Understanding Crop Insurance Principles: A Primer For Farm Leaders," Research Reports 15784, Mississippi State University, Department of Agricultural Economics.
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    Cited by:

    1. Ghosh, Prasenjit & Miao, Ruiqing, 2018. "Agricultural Irrigation’s Responses to Federal Crop Insurance in the United States," 2018 Annual Meeting, August 5-7, Washington, D.C. 275667, Agricultural and Applied Economics Association.

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