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Budgetary and Resource Allocation Effects of Revenue Assurance
CARD Working Papers
  • David A. Hennessy, Washington State University
  • Bruce A. Babcock, Iowa State University
  • Dermot J. Hayes, Iowa State University
Publication Date
2-1-1995
Series Number
95-WP 130
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.
Citation Information
David A. Hennessy, Bruce A. Babcock and Dermot J. Hayes. "Budgetary and Resource Allocation Effects of Revenue Assurance" (1995)
Available at: http://works.bepress.com/dermot_hayes/36/