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Estimating the Costs of Revenue Assurance
| Content Provider | AgEcon Search |
|---|---|
| Author | Xu, Feng Hart, Chad E. Smith, Darnell B. Meyers, William H. |
| Abstract | This study estimates the government cost of revenue assurance, one of the many proposals for the 1995 Farm Bill. Under the assumptions of nonnegativity and normality of revenue, a formula for computing the government cost of revenue assurance is derived. This formula is employed to estimate per acre revenue assurance costs at the 70, 75, and 80 percent levels of expected revenue coverage. These costs are compared with results from previous studies and with crop insurance premiums. The relative impacts of changes in yield mean, yield standard deviation, and price-yield correlation are also explored through metamodel analysis. The costs estimated for revenue assurance show that this program would result in substantial budget savings over the current program. |
| Related Links | https://ageconsearch.umn.edu/record/18560/files/wp950140.pdf |
| Page Count | 22 |
| File Format | |
| DOI | 10.22004/ag.econ.18560 |
| Language | English |
| Publisher Date | 1995-01-01 |
| Access Restriction | Open |
| Subject Keyword | Applied Economics Agricultural Economics Agri-economic Open Access Database Research in Applied Economics Research in Agricultural Economics Higher Study On Agricultural Economics Higher Study On Applied Economics Agricultural Research Documents Agrarian Economy & Research Higher Study Agri-economics Research in Economics Agri-economic Open Access Repository Statistics in Agricultural Economics Risk and Uncertainty |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics, Econometrics and Finance |