Should Government Subsidize Farmers’ Risk Management?
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The Center for Agricultural and Rural Development (CARD) conducts innovative public policy and economic research on agricultural, environmental, and food issues. CARD uniquely combines academic excellence with engagement and anticipatory thinking to inform and benefit society.
CARD researchers develop and apply economic theory, quantitative methods, and interdisciplinary approaches to create relevant knowledge. Communication efforts target state and federal policymakers; the research community; agricultural, food, and environmental groups; individual decision-makers; and international audiences.
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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.