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Providing Crop Disaster Assistance through a Modified Deficiency Payment Program

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  • Mario J. Miranda
  • Joseph W. Glauber

Abstract

Federal income support programs provide producers with only a limited degree of income protection in the event of a widespread crop failure. As an alternative to supplemental disaster assistance, we propose a modification of the deficiency payments program in which a producer's payment would be based on the difference between a target revenue and the average revenue in the producer's region. A regional target revenue progam would provide improved individual income protection without promoting moral hazard and would limit regional revenue shortfalls, thereby eliminating the demand for supplemental disaster assistance and reducing government costs.

Suggested Citation

  • Mario J. Miranda & Joseph W. Glauber, 1991. "Providing Crop Disaster Assistance through a Modified Deficiency Payment Program," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1233-1243.
    • Handle: RePEc:oup:ajagec:v:73:y:1991:i:4:p:1233-1243.
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    File URL: http://hdl.handle.net/10.2307/1242451
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    Cited by:

    1. Coble, Keith H. & Barnett, Barry J., 2008. "Implications of Integrated Commodity Programs and Crop Insurance," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 40(2), pages 431-442, August.
    2. William E. Maples & Anil K. Giri & Keith H. Coble & Dipak Subedi, 2022. "Impact of government programs on producer demand for hedging," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1126-1138, September.
    3. Paulson, Nicholas D. & Babcock, Bruce A., 2008. "Get a Grip: Should Area Revenue Coverage Be Offered Through the Farm Bill or as a Crop Insurance Program?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(2), pages 1-17.
    4. Ford, Beth Pride & Musser, Wesley N. & Yonkers, Robert D., 1992. "Inflation and Measurement of Historical Risk," Staff Paper Series 256844, Pennsylvania State University, Department of Agricultural Economics and Rural Sociology.
    5. Keith H. Coble & Robert Dismukes, 2008. "Distributional and Risk Reduction Effects of Commodity Revenue Program Design ," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(3), pages 543-553.
    6. Dismukes, Robert & Arriola, Christine & Coble, Keith H., 2010. "ACRE Program Payments and Risk Reduction: An Analysis Based on Simulations of Crop Revenue Variability," Economic Research Report 262248, United States Department of Agriculture, Economic Research Service.
    7. Wang, Yang & Barnett, Barry J. & Coble, Keith H. & Harri, Ardian, 2012. "Yield Aggregation Impacts on a “Deep Loss” Systemic Risk Protection Program," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124875, Agricultural and Applied Economics Association.

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