99-BP 28 (Revised)
This paper examines the Supplemental Income Payments for Producers (SIPP) program, a proposal to adjust the current federal farm program to react to declines in farm revenue. The SIPP program, as currently outlined, would provide farmers assistance when current national revenue for a crop falls below a set percentage of historical national revenue for the crop. The authors explore the implications of changing the percentage of revenue and/or the level of revenue covered (national, state, county, etc.). Revenue guarantees based on the futures markets rather than past revenue outcomes are also discussed.
Hart, Chad E. and Babcock, Bruce A., "Counter-Cyclical Agricultural Program Payments: Is It Time to Look at Revenue?" (2000). CARD Briefing Papers. 19.