Congress added new programs under the 2002 farm bill to expand the safety net for agricultural producers. Countercyclical payments and marketing loan benefits compensate for low prices. Crop insurance and non-insured crop disaster assistance programs reduce risks from low yields. Direct payments provide income support. But the call for additional support to cover pricing and production emergencies has not subsided. Why?
Hart, Chad E.
"Weak Spots in the Agricultural Safety Net,"
Iowa Ag Review: Vol. 9
, Article 3.
Available at: http://lib.dr.iastate.edu/iowaagreview/vol9/iss4/3