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Specialty Crop Participation in Federal Risk Management Programs

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  • Skorbiansky, Sharon Raszap
  • Astill, Gregory
  • Rosch, Stephanie
  • Higgins, Elizabeth
  • Ifft, Jennifer
  • Rickard, Bradley

Abstract

This study characterizes recent changes in Federal Crop Insurance Program (FCIP) and Noninsured Crop Disaster Program (NAP) use by specialty crop farmers, compares differences among conventional and organic farms, and investigates the reasons some farmers choose whether to participate in these programs. Specialty crop growers increased the value of their crops insured by FCIP products from about $12 billion in 2011 to about $21 billion in 2020 (not adjusted for inflation). A case study of nine specialty crop growers in New York State explores reasons they choose whether to participate in these Federal programs.

Suggested Citation

  • Skorbiansky, Sharon Raszap & Astill, Gregory & Rosch, Stephanie & Higgins, Elizabeth & Ifft, Jennifer & Rickard, Bradley, 2022. "Specialty Crop Participation in Federal Risk Management Programs," Economic Information Bulletin 327351, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersib:327351
    DOI: 10.22004/ag.econ.327351
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    4. Shuoli Zhao & Chengyan Yue, 2020. "Risk preferences of commodity crop producers and specialty crop producers: An application of prospect theory," Agricultural Economics, International Association of Agricultural Economists, vol. 51(3), pages 359-372, May.
    5. Jian Shi & JunJie Wu & Beau Olen, 2020. "Assessing effects of federal crop insurance supply on acreage and yield of specialty crops," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 68(1), pages 65-82, March.
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    9. Hungerford, Ashley & Astill, Gregory & Effland, Anne, 2017. "Changes to the Noninsured Crop Disaster Assistance Program Under the Agricultural Act of 2014: Their Potential Risk Reduction Impacts," Economic Information Bulletin 262132, United States Department of Agriculture, Economic Research Service.
    10. Skorbiansky, Sharon Raszap & Thornsbury, Suzanne & Camp, Kevin M., 2021. "Legal Risk Exposure Heightens Uncertainty in Developing U.S. Hemp Markets," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 36(01), February.
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    Cited by:

    1. Richard KOENIG & Marielle BRUNETTE, 2023. "Climate change perception, impact and adaptation: Implications for crop insurance," Working Papers of BETA 2023-36, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. Baldwin, Katherine & Turner, Dylan & Tsiboe, Francis, 2024. "Recent Developments in Ad Hoc Assistance Programs for Agricultural Producers," Economic Information Bulletin 347201, United States Department of Agriculture, Economic Research Service.
    3. Turner, Dylan & Tsiboe, Francis & Baldwin, Katherine & Williams, Brian & Dohlman, Erik & Astill, Gregory & Skorbiansky, Sharon Raszap & Abadam, Vidalina & Yeh, D. Adeline & Knight, Russell, 2023. "Federal Programs for Agricultural Risk Management," Economic Information Bulletin 340216, United States Department of Agriculture, Economic Research Service.
    4. Cai, Xiaowei & Volpe, Richard & Barraza, Fernando, 2024. "Farmland Values in California: Pre- and Post-COVID-19 Perspectives," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2024, January.

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    Keywords

    Risk and Uncertainty; Crop Production/Industries;

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