Budgetary and Resource Allocation Effects of Revenue Assurance

David Hennessy, Bruce Babcock and Dermot Hayes

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: 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.

Date: 1995-02
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:95-wp130

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