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Discussion: What Have We Learned from the New Suite of Risk Management Programs of the Food, Conservation, and Energy Act of 2008?

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  • Lubben, Bradley D.
  • Novak, James L.

Abstract

New revenue-based support programs in the 2008 Farm Bill represent a fundamental shift in farm programs and risk management decision-making. However, complexity, uncertainty, economics, and, arguably, an incomplete analysis of the new Average Crop Revenue Election (ACRE) program all contributed to low enrollment in the new program in 2009. An effective analysis of ACRE should consider farm programs as part of an integrated risk management portfolio, including crop insurance, marketing, and other risk management tools as opposed to a separate lottery program. Improving this integration could be one of the most significant consequences of the 2008 Farm Bill.

Suggested Citation

  • Lubben, Bradley D. & Novak, James L., 2010. "Discussion: What Have We Learned from the New Suite of Risk Management Programs of the Food, Conservation, and Energy Act of 2008?," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 42(3), pages 537-541, August.
    • Handle: RePEc:cup:jagaec:v:42:y:2010:i:03:p:537-541_00
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    Cited by:

    1. Lubben, Bradley & Stockton, Matthew & Protopop, Iuliia & Jansen, Jim, 2013. "Analyzing Federal Farm Program and Crop Insurance Options to Assess Policy Design and Risk Management Implications for Crop Producers," 2013 AAEA: Crop Insurance and the Farm Bill Symposium 157827, Agricultural and Applied Economics Association.
    2. Mitchell, Paul D. & Rejesus, Roderick M. & Coble, Keith H. & Knight, Thomas O., 2011. "Analyzing Farmer Participation Intentions and Enrollment Rates for the Average Crop Revenue Election (ACRE) Program," Staff Papers 116705, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    3. Luckstead, Jeff & Devadoss, Stephen, 2016. "Implication of 2014 Farm Policies for Wheat Production," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235362, Agricultural and Applied Economics Association.
    4. Purnamasari, Ririn S., 2007. "Deforestation in Indonesia: A Household Level Analysis of the Role of Forest Dependence and Poverty," 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand 10353, Australian Agricultural and Resource Economics Society.
    5. Tripp, Amanda S. & Henderson, Kathryn E. & Andreyeva, Tatiana, 2012. "Grocery Purchases of WIC and SNAP Recipients: Quantifying the Effect of a Prescriptive Program Design," 2012 AAEA/EAAE Food Environment Symposium 123514, Agricultural and Applied Economics Association.

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