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Federal Programs for Agricultural Risk Management

Author

Listed:
  • Turner, Dylan
  • Tsiboe, Francis
  • Baldwin, Katherine
  • Williams, Brian
  • Dohlman, Erik
  • Astill, Gregory
  • Skorbiansky, Sharon Raszap
  • Abadam, Vidalina
  • Yeh, D. Adeline
  • Knight, Russell

Abstract

This report provides a broad overview of the Federal programs that are designed to help agricultural producers manage risks to income or profitability caused by natural and economic forces. This report refers to these programs as “risk management programs.” Focus is given to risk management programs that are available under the Agriculture Improvement Act of 2018 (i.e., 2018 Farm Bill). Thus, this publication serves as an update to previous work (Motamed et al., 2018), which focused on programs available under the Agricultural Act of 2014 (i.e., 2014 Farm Bill). Although each title of the Farm Bill contains programs that attenuate risk indirectly, most current targeted risk management programs are authorized under Title I: Commodity Programs or Title XI: Crop Insurance. Accordingly, this report primarily focuses on programs for crop and livestock producers that are available under these two titles. Available policies for managing production and price risk are discussed with recent trends in program enrollment and outlays provided.

Suggested Citation

  • 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.
    • Handle: RePEc:ags:uersib:340216
    DOI: 10.22004/ag.econ.340216
    as

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    References listed on IDEAS

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    1. O'Donoghue, Erik J. & Hungerford, Ashley E. & Cooper, Joseph C. & Worth, Thomas & Ash, Mark, 2016. "The 2014 Farm Act Agriculture Risk Coverage, Price Loss Coverage, and Supplemental Coverage Option Programs' Effects on Crop Revenue," Economic Research Report 262201, United States Department of Agriculture, Economic Research Service.
    2. Selasco, Eric J. & Hungerford, Ashley E., 2018. "Examining the Design and Use of the Pasture, Rangeland, Forage (PRF) Program," Western Economics Forum, Western Agricultural Economics Association, vol. 16(2), December.
    3. Bigelow, Daniel & Borchers, Allison, 2017. "Major Uses of Land in the United States, 2012," Economic Information Bulletin 263079, United States Department of Agriculture, Economic Research Service.
    4. Whitt, Christine & Todd, Jessica E. & Keller, Andrew, 2021. "America's Diverse Family Farms: 2021 Edition," USDA Miscellaneous 316499, United States Department of Agriculture.
    5. Skorbiansky, Sharon Raszap & Astill, Gregory & Rosch, Stephanie & Higgins, Elizabeth & Ifft, Jennifer & Rickard, Bradley, 2022. "Specialty Crop Participation in Federal Risk Management Programs," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 2022(Economic ), September.
    6. James B. Keller & Tina L. Saitone, 2022. "Basis risk in the pasture, rangeland, and forage insurance program: Evidence from California," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(4), pages 1203-1223, August.
    7. Skorbiansky, Sharon Raszap & Astill, Gregory & Rosch, Stephanie & Higgins, Elizabeth & Ifft, Jennifer & Rickard, Bradley, 2022. "Specialty Crop Participation in Federal Risk Management Programs," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 2022(Economic ), September.
    8. Hungerford, Ashley & O'Donoghue, Erik, 2016. "Federal Crop Insurance Options for Upland Cotton Farmers and Their Revenue Effects," Economic Research Report 249774, United States Department of Agriculture, Economic Research Service.
    9. Boussios, David & O’Donoghue, Erik J., 2019. "Potential Variability in Commodity Support: Agriculture Risk Coverage and Price Loss Coverage Programs," Economic Research Report 335302, United States Department of Agriculture, Economic Research Service.
    10. 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.
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    Cited by:

    1. 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.

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    More about this item

    Keywords

    Agricultural and Food Policy; Agricultural Finance; Crop Production/Industries; Livestock Production/Industries; Risk and Uncertainty;
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