IDEAS home Printed from https://ideas.repec.org/p/ags/uerssr/278249.html
   My bibliography  Save this paper

Federal Crop Insurance and the 1990 Farm Bill: An Assessment of Program Options

Author

Listed:
  • Glauber, Joseph W.
  • Harwood, Joy L.
  • Miranda, Mario J.

Abstract

In December 1988, the Office of Management and Budget (OMB) requested that the Economic Research Service (ERS) evaluate the Federal crop insurance program. E5e study addresses how the current crop insurance program functions as a risk management tool; the role of multiple-peril crop insurance (MPCI) offered through the Federal Crop Insurance Corporation (FCIC) compared with other Government programs designed to assist the agricultural sector, such as price and income supports and disaster assistance; and the impact of alternative vehicles for providing disaster relief, including compulsory crop insurance, disaster assistance, and revenue insurance, on market prices, commodity program participation, and Treasury costs.

Suggested Citation

  • Glauber, Joseph W. & Harwood, Joy L. & Miranda, Mario J., 1989. "Federal Crop Insurance and the 1990 Farm Bill: An Assessment of Program Options," Staff Reports 278249, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278249
    DOI: 10.22004/ag.econ.278249
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/278249/files/ers-report-422.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.278249?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ligita Gasparėnienė & Rita Remeikienė & Colin C. Williams, 2022. "Introduction," SpringerBriefs in Economics, in: Unemployment and the Informal Economy, chapter 0, pages 1-6, Springer.
    2. Lipton, Kathryn L. & Pollack, Susan L., 1988. "The Disaster Assistance Act Of 1988: A Description Of The Provisions," Staff Reports 278123, United States Department of Agriculture, Economic Research Service.
    3. Miller, Thomas A. & Walter, Alan S., 1977. "Options for Improving Government Programs that Cover Crop Losses Caused by Natural Hazards," Miscellaneous Publications 330054, United States Department of Agriculture, Economic Research Service.
    4. Wright, Brian D & Williams, Jeffrey C, 1982. "The Economic Role of Commodity Storage," Economic Journal, Royal Economic Society, vol. 92(367), pages 596-614, September.
    5. Brian D. Wright & Jeffrey C. Williams, 1984. "The Welfare Effects of the Introduction of Storage," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(1), pages 169-192.
    6. Plato, Gerald & Gordon, Douglas, 1983. "Dynamic Programming and the Economics of Optimal Grain Storage," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 35(01), pages 1-13, January.
    7. Gardiner, Walter H. & Dixit, Praveen M, 1987. "Price Elasticity of Export Demand: Concepts and Estimates," Foreign Agricultural Economic Report (FAER) 305286, United States Department of Agriculture, Economic Research Service.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Glauber, Joseph W. & Harwood, Joy L. & Skees, Jerry R., 1993. "An Alternative for Reducing Federal Crop Insurance Program Losses," Agricultural Economic Reports 308267, United States Department of Agriculture, Economic Research Service.
    2. Carey, Marc & Heimlich, Ralph & Brazee, Richard, 1990. "A Permanent Wetland Reserve: Analysis of a New Approach to Wetland Protection," Agricultural Information Bulletins 309561, United States Department of Agriculture, Economic Research Service.
    3. Abel Tiemtore, 2021. "Examining the effects of agricultural income insurance on farmers in Burkina Faso," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(3), pages 422-439, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hoffman, Linwood & Glauber, Joseph, 1987. "Effects Of Public Stock.Holding Programs Upon Grain Stock Enhancement," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269981, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Glauber, Joseph W. & Miranda, Mario J., 1986. "A Rational Expectations Model Of Inventory Holding Under Risk And Uncertainty," 1986 Annual Meeting, July 27-30, Reno, Nevada 278113, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Donald F. Larson & Julian Lampietti & Christophe Gouel & Carlo Cafiero & John Roberts, 2014. "Food Security and Storage in the Middle East and North Africa," The World Bank Economic Review, World Bank, vol. 28(1), pages 48-73.
    4. Christiano, Lawrence J. & Fisher, Jonas D. M., 2000. "Algorithms for solving dynamic models with occasionally binding constraints," Journal of Economic Dynamics and Control, Elsevier, vol. 24(8), pages 1179-1232, July.
    5. Lichtenberg, Erik & Zilberman, David, 2002. "Storage Technology And The Environment," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 27(1), pages 1-19, July.
    6. Heer, Burkhard & Maußner, Alfred, 2008. "Computation Of Business Cycle Models: A Comparison Of Numerical Methods," Macroeconomic Dynamics, Cambridge University Press, vol. 12(5), pages 641-663, November.
    7. Christophe Gouel, 2013. "Comparing Numerical Methods for Solving the Competitive Storage Model," Computational Economics, Springer;Society for Computational Economics, vol. 41(2), pages 267-295, February.
    8. Gilbert, Christopher L., 1990. "The rational expectations hypothesis in models of primary commodity prices," Policy Research Working Paper Series 384, The World Bank.
    9. Guerra Vallejos, Ernesto & Bobenrieth Hochfarber, Eugenio & Bobenrieth Hochfarber, Juan & Wright, Brian D., 2021. "Solving dynamic stochastic models with multiple occasionally binding constraints," Economic Modelling, Elsevier, vol. 105(C).
    10. Durmaz, Tunç, 2016. "Precautionary Storage in Electricity Markets," Discussion Papers 2016/5, Norwegian School of Economics, Department of Business and Management Science.
    11. Makki, Shiva S. & Tweeten, Luther G. & Miranda, Mario J., 2001. "Storage-trade interactions under uncertainty: Implications for food security," Journal of Policy Modeling, Elsevier, vol. 23(2), pages 127-140, February.
    12. Li, J. & Chavas, J.-P., 2018. "How Have China s Agricultural Price Support Policies Affected Market Prices?: A Quantile Regression Evaluation," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277557, International Association of Agricultural Economists.
    13. Lim, G.C. & McNelis, Paul D., 2008. "Computational Macroeconomics for the Open Economy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262123061, December.
    14. Brian D. Wright, 2012. "International Grain Reserves And Other Instruments to Address Volatility in Grain Markets," The World Bank Research Observer, World Bank, vol. 27(2), pages 222-260, August.
    15. Sophie Mitra & Jean‐Marc Boussard, 2012. "A simple model of endogenous agricultural commodity price fluctuations with storage," Agricultural Economics, International Association of Agricultural Economists, vol. 43(1), pages 1-15, January.
    16. Nicolas Legrand, 2019. "The Empirical Merit Of Structural Explanations Of Commodity Price Volatility: Review And Perspectives," Journal of Economic Surveys, Wiley Blackwell, vol. 33(2), pages 639-664, April.
    17. Evans, Lewis & Guthrie, Graeme, 2007. "Commodity Price Behavior With Storage Frictions," Working Paper Series 3966, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    18. Catherine Bobtcheff, 2011. "Optimal Dynamic Management of a Renewable Energy Source under Uncertainty," Annals of Economics and Statistics, GENES, issue 103-104, pages 143-172.
    19. Lim, G.C. & McNelis, Paul D., 2007. "Central bank learning, terms of trade shocks and currency risk: Should only inflation matter for monetary policy?," Journal of International Money and Finance, Elsevier, vol. 26(6), pages 865-886, October.
    20. Lim, G. C. & McNelis, Paul D., 2004. "Learning and the monetary policy strategy of the European Central Bank," Journal of International Money and Finance, Elsevier, vol. 23(7-8), pages 997-1010.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uerssr:278249. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.