Analyzing Crop Revenue Safety Net Program Alternatives and Impacts on Producers and Program Costs

Abstract

This study evaluates the policy effects of alternative program designs for federal revenue-based farm income safety net programs. Eight representative farms across Nebraska are used to stochastically simulate the financial impact of changing the current farm crop revenue-based safety net with a state revenue trigger against potential alternative programs involving guarantees at the district, county, or farm level. Results indicate that decreasing the aggregation of the revenue guarantee increases expected farm-level payments and program costs for the revenue-based safety net.agricultural policy, farm bill, farm programs, government payments, representative farms, risk management, simulation, Agricultural and Food Policy, Farm Management, Risk and Uncertainty, Q12, Q18,