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An Analysis of Whole Farm Revenue Safety Net Options in Agriculture

Author

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  • Richardson, James W.
  • Smith, Edward G.
  • Knutson, Ronald D.

Abstract

Despite many years of experience, the federal government continues to seek a farm program that holds the potential for providing a politically acceptable safety net for farmers. This study demonstrates that, with the 2002 Farm Bill, AMTA, and marketing loan provisions continuing, a whole farm revenue safety net has the potential for simplifying existing farm programs, while enhancing the financial position of US farmers. There remains the need for further analysis of the impacts of the options analyzed on supply response by farmers.

Suggested Citation

  • Richardson, James W. & Smith, Edward G. & Knutson, Ronald D., 2001. "An Analysis of Whole Farm Revenue Safety Net Options in Agriculture," Working Papers 42728, Texas A&M University, Agricultural and Food Policy Center.
    • Handle: RePEc:ags:tamfwp:42728
    DOI: 10.22004/ag.econ.42728
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    File URL: https://ageconsearch.umn.edu/record/42728/files/wp01-9.pdf
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    References listed on IDEAS

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    1. Offutt, S.E., 1984. "Income Insurance For Commodity Producers," Illinois Agricultural Economics Staff Paper 244637, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics.
    2. Offutt, Susan E., 1984. "Income Insurance for Commodity Producers?," Regional Research Projects >1984: S-180 Annual Meeting, March 25-28, 1984, New Orleans, Louisiana 307231, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
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    Cited by:

    1. Williams, Jeffery R. & Saffert, Andrew T. & Barnaby, G. Art & Llewelyn, Richard V. & Langemeier, Michael R., 2014. "A Risk Analysis of Adjusted Gross Revenue-Lite on Beef Farms," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 46(2), pages 227-244, May.

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      Keywords

      Agricultural and Food Policy;

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