Whole-Farm Revenue Insurance for Crop and Livestock Producers

Thumbnail Image
Date
1999-02-01
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Authors
Person
Hayes, Dermot
Distinguished Professor
Person
Babcock, Bruce
Emeritus Professor
Research Projects
Organizational Units
Organizational Unit
Center for Agricultural and Rural Development

The Center for Agricultural and Rural Development (CARD) conducts innovative public policy and economic research on agricultural, environmental, and food issues. CARD uniquely combines academic excellence with engagement and anticipatory thinking to inform and benefit society.

CARD researchers develop and apply economic theory, quantitative methods, and interdisciplinary approaches to create relevant knowledge. Communication efforts target state and federal policymakers; the research community; agricultural, food, and environmental groups; individual decision-makers; and international audiences.

Journal Issue
Is Version Of
Versions
Series
Abstract

The collapse of hog prices in the fall of 1998 precipitated renewed interest in using insurance as a means of providing an affordable safety net to U.S. farmers. Legislation has been introduced that would amend the Federal Crop Insurance Act to allow livestock insurance. This paper discusses some of the issues raised by an expansion of revenue insurance, and provides an example of a whole-farm insurance product that insures against revenue losses on a diversified farm producing corn, soybeans, and hogs.

Comments
Description
Keywords
Citation
DOI
Source
Copyright
Collections