A stochastic computer simulation model is used to estimate disaster payments under the Agriculture and Consumer Protection Act of 1973. The model uses a random yield generator and actuarial techniques. Simulated payments under 1976 program parameters and stochastic yields are estimated at $300...

Five factors are found to have had a significant effect on U.S. acreage of wheat planted during 1961-74: (1) acreage allotment, (2) additional diversion for payment through 1970, (3) set-aside acres in 1971-73, (4) relaxation of allotment restrictions, and (5) the market price of wheat for the...