Skip to main content Accessibility help

Implications of Integrated Commodity Programs and Crop Insurance

  • Keith H. Coble (a1) and Barry J. Barnett (a1)


Moving from price-triggered to area revenue–triggered programs was perhaps the most common theme among 2007 farm bill proposals. Area revenue–triggered commodity programs may make farm-level revenue insurance products seem redundant, raising questions about why the federal government should continue both programs. Area revenue–triggered programs would remove much of the systemic risk faced by producers. As a result, private sector insurers may be able to insure the residual risk without federal involvement. This paper examines the effects of moving to area revenue–triggered commodity programs with a focus on public policy issues that would likely arise.



Hide All
Babcock, B.A., and Hart, C.E.. “How Much ‘Safety’ is Available under the U.S. Proposal to the WTO?Center for Agricultural and Rural Development Briefing Paper 05-BP 48, Ames, IA, November 2005.
Babcock, B.A., and Paulson, N.D.. “Crop Insurance: Inside or Outside the Farm Bill?Iowa Ag Review 13,1(Winter 2007).
Coble, K.H., and Barnett, B.J.. “The Impact of Alternative Farm Bill Designs on the Aggregate Distribution of Farm Program Payments.” Presentation at Domestic and Trade Impacts of U.S. Farm Policy: Future Directions and Challenges, Washington, DC, November 15-16, 2007.
Coble, K.H., and Dismukes, R.. “Distributional and Risk Reduction Effects of Commodity Revenue Program Design.” Paper presented at the annual meeting of the Allied Social Science Association, New Orleans, LA, January 4—6, 2008.
Coble, K.H., Dismukes, R., and Glauber, J.W.. “Private Crop Insurers and the Reinsurance Fund Allocation Decision.American Journal of Agricultural Economics 89(August 2007):582–95.
Glauber, J.W., and Collins, K.J.. “Crop Insurance, Disaster Assistance, and the Role of the Federal Government in Providing Catastrophic Risk Protection.Agricultural Finance Review 62(Fall 2002):81101.
Ker, A.P., and Ergun, A.T.. “On the Revelation of Private Information in the U.S. Crop Insurance Program.Journal of Risk and Insurance 74(December 2007):761–76.
Kramer, R.A.Federal Crop Insurance, 1938–1982.Agricultural History 57(April 1983):181200.
Mason, C., Hayes, D.J., and Lence, S.H.. “Systemic Risk in U.S. Crop Reinsurance Programs.Agricultural Finance Review 63(Spring 2003):2340.
Miranda, M.J.Area Yield Crop Insurance ReconsideredAmerican Journal of Agricultural Economics 73(November 1991):233–42.
Miranda, M.J., and Glauber, J.W.. “Providing Crop Disaster Assistance through a Modified Deficiency Payment Program.American Journal of Agricultural Economics 73(November 1991):12331243.
Miranda, M.J., and Glauber, J.W.. “Systemic Risk, Reinsurance, and the Failure of Crop Insurance Markets.American Journal of Agricultural Economics 79(February 1997):206–15.
Offutt, S.E., and Lins, D.A.. “Income Insurance for U.S. Commodity Producers: Program Issues and Design Alternatives.North Central Journal of Agricultural Economics 7(January 1985):6169.
Vedenov, D.V., Epperson, J.E., and Barnett, B.J.. “Designing Catastrophe Bonds to Securitize Systemic Risks in Agriculture: The Case of Georgia Cotton.Journal of Agricultural and Resource Economics 31(2006):318–38.
Vedenov, D.V., Miranda, M.J., Dismukes, R., and Glauber, J.W.. “Economic Analysis of the Standard Reinsurance Agreement.Agricultural Finance Review 64(2004):119–34.
Vedenov, D.V., Miranda, M.J., Dismukes, R., and Glauber, J.W.. “Portfolio Allocation and Alternative Structures of the Standard Reinsurance Agreement.Journal of Agricultural and Resource Economics 31(2006):5773.


Related content

Powered by UNSILO

Implications of Integrated Commodity Programs and Crop Insurance

  • Keith H. Coble (a1) and Barry J. Barnett (a1)


Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Abstract views

Total abstract views: 0 *
Loading metrics...

* Views captured on Cambridge Core between <date>. This data will be updated every 24 hours.

Usage data cannot currently be displayed.