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Agricultural Economics

Iowa State University

2010

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Full-Text Articles in Insurance

Costs And Benefits Of Moving To A County Acre Program, Bruce A. Babcock May 2010

Costs And Benefits Of Moving To A County Acre Program, Bruce A. Babcock

CARD Policy Briefs

Better integration of the different programs that comprise the farm safety net seems inevitable in the next farm bill given widespread public concern over the rapidly growing federal debt. With $5 billion in direct payments flowing annually to farmers who own or rent base acres without regard to farm income, $7 billion flowing to crop insurance companies over the last two years, and $2.6 billion flowing to cotton farmers in the last two years from programs that violate our trade commitments, there is substantial room for improvement. One path toward better integration would be to modify the ACRE (Average ...