The 2008 Farm Bill created the Average Crop Revenue Election (ACRE) program as a new commodity support program. Using a multinomial logit model to analyze a mail survey administered before the ACRE sign-up deadline, we identify factors driving farmer intentions regarding ACRE participation....

The US crop insurance program previously used a simple average of equally weighted historical loss cost data to serve as the backbone for estimating crop insurance premium rates. This article develops a procedure for weighting the historical loss cost experience based on longer time-series...

We develop a real options framework to model producer participation in a subsidy program as a human capital investment to learn how the stochastic subsidy affects returns and how to adapt production activities to new program incentives, formally linking the framework to a multinomial logit...

Federal crop insurance programs offer producers the option of insuring farm units individually or as an aggregate unit. Existing programs offer a fixed 10% discount for most growers taking coverage at the aggregate level. This article describes an analysis of risk changes when units are...

Changes in the risk environment and tools available to manage risk have resulted in an increased need for risk management skills among farmers and ranchers. In response the USDA initiated a risk management education competitive grants program in the spring of 1998. This is the first report from...

A univariate Tobit model of extension educators' provision of risk management educational training was conducted in Mississippi, Texas, Indiana, and Nebraska. A complementary relationship exists between percent of time devoted to agricultural responsibilities and the provision of risk management...