Title: Evaluating the Impact of Proposed Farm Bill Programs with Crop Insurance for Southern Crops
Abstract: A five-year stochastic model of proposed House and Senate farm bill programs interacting with crop insurance was used to simulate distributions of per acre net revenue for Arkansas rice, Texas cotton, and Georgia peanuts. Certainty equivalents were used to analyze the effect of risk aversion on preferred risk management strategies.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: article
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