Discussion: What Have We Learned from the New Suite of Risk Management Programs of the Food, Conservation, and Energy Act of 2008?

New revenue-based support programs in the 2008 Farm Bill represent a fundamental shift in farm programs and risk management decision-making. However, complexity, uncertainty, economics, and, arguably, an incomplete analysis of the new Average Crop Revenue Election (ACRE) program all contributed to low enrollment in the new program in 2009. An effective analysis of ACRE should consider farm programs as part of an integrated risk management portfolio, including crop insurance, marketing, and other risk management tools as opposed to a separate lottery program. Improving this integration could be one of the most significant consequences of the 2008 Farm Bill.


Issue Date:
2010-08
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/92591
Published in:
Journal of Agricultural and Applied Economics, Volume 42, Number 3
Page range:
537-541
Total Pages:
5
JEL Codes:
Q18




 Record created 2017-04-01, last modified 2017-08-25

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