Abstract
We investigate potential effects of the Supplemental Revenue Assistance Payments (SURE) program introduced in the 2008 Farm Bill. Results suggest little impact on optimal crop insurance purchase decisions, though the SURE program does seem to provide an incentive for mid-level insurance coverage. For producers in the price counter-cyclical payment (PCCP) program, SURE payments are actually higher (lower) when commodity prices are high (low). This is not the case for producers in the Average Crop Revenue Election (ACRE) program.
Original language | English |
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Pages (from-to) | 630-648 |
Number of pages | 19 |
Journal | Journal of Agricultural and Resource Economics |
Volume | 36 |
Issue number | 3 |
State | Published - Dec 2011 |
Keywords
- Crop insurance
- Disaster assistance
- Farm bill
- SURE
ASJC Scopus subject areas
- Animal Science and Zoology
- Agronomy and Crop Science
- Economics and Econometrics