Get a GRIP: Should area revenue coverage be offered through the farm bill or as a crop insurance program?

Nicholas D Paulson, Bruce A. Babcock

Research output: Contribution to journalArticlepeer-review

Abstract

The successful expansion of the U.S. crop insurance program has not eliminated ad hoc disaster assistance. An alternative currently being explored by Congress in preparation of the 2008 farm bill is a standing disaster relief program. One form such a program could take can be found in the area insurance programs currently offered by the U.S. crop insurance program. Total per acre taxpayer costs of offering Group Risk Income Protection (GRIP) in Indiana, Illinois, and Iowa for corn and soybeans are estimated to have the ability to fund a county target revenue program at the 93% coverage level.

Original languageEnglish (US)
Pages (from-to)137-153
Number of pages17
JournalJournal of Agricultural and Resource Economics
Volume33
Issue number2
StatePublished - Aug 2008

Keywords

  • Area insurance
  • Commodity programs
  • Crop insurance
  • Farm bill
  • Group risk income protection

ASJC Scopus subject areas

  • Aquatic Science

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