The efficiency of redistribution and the level of government costs of revenue assurance are compared with current farm programs. The results suggest that a revenue assurance program using a fixed base acreage and actual or county average yields to ensure whole farm revenues could provide a significant improvement over existing policies. Revenue assurance would affect producer welfare somewhat, but would significantly reduce government expenditures.
Hennessy, David A.; Babcock, Bruce A.; and Hayes, Dermot J., "Budgetary and Resource Allocation Effects of Revenue Assurance" (1995). CARD Working Papers. 151.