Economics, Center for Agricultural and Rural Development
Journal or Book Title
Journal of Agricultural and Resource Economics
First Page or Article ID Number
The successful expansion of the U.S crop insurance program has not eliminated ad hoc disaster assistance. An alternative currently being explored by Congress in preparation of the 2008 farm bill is a standing disaster relief program. One form such a program could take can be found in the area insurance programs currently offered by the U.S crop insurance program. Total per acre taxpayer costs of offering Group Risk Income Protection (GRIP) in Indiana, Illinois, and Iowa for corn and soybeans are estimated to have the ability to fund a country target revenue program at the 93% coverage level.
Western Agricultural Economics Association
Paulson, Nicholas D. and Babcock, Bruce, "Get a Grip: Should Area Revenue Coverage Be Offered Through the Farm Bill or as a Crop Insurance Program?" (2008). Economics Publications. 517.