Should Government Subsidize Farmers’ Risk Management?

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2015-07-20
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One look at the long list of abbreviations used for U.S. farm programs indicates the pervasive role that government plays in providing subsidized risk management to the U.S. crop sector. To take full advantage of these subsidies, farmers and those who serve them need to be able to decipher not only what ACRE, GRP, SURE, GRIP, RA, CRC, APH, LDP, DP, CCP, and HRO stand for but also how the programs work and how they either substitute for or complement one another as well as other private risk management efforts.

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