Whole-Farm Approaches to a Safety Net
by Robert Dismukes and Ron Durst
Economic Information Bulletin No. (EIB-15) 25 pp, June 2006
In recent U.S. farm policy debates, several “whole-farm revenue” programs have been proposed as a new form of safety net that would be available to all U.S. farms. A whole-farm program is based on revenues from all farming activities added together and is not linked to the production of particular commodities. This report looks at the risk management potential for such programs and the obstacles to implementing such a whole-farm revenue approach to a farm safety net.
Keywords: safety net, income variability, risk management, income-stabilization accounts, savings, tax, revenue insurance
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