Date of this Version
Wiese, Evan G. (2018). Effects On Producers Of The Transition To Revenue-Based Federal Crop Insurance Programs (Undergraduate Honors Thesis). University of Nebraska-Lincoln.
Prior to the passage of each farm bill, there is much debate regarding the programs contained within it. One of these programs is federal crop insurance, which underwent a major shift in the mid-1990’s with the introduction of revenue-based crop insurance rather than yield-based. Revenue-based programs provide insurance of a certain revenue level, rather than a certain yield level, which contributed to their popularity among producers. These revenue-based programs have become a key component of federal crop insurance. From 2014 to 2018, the costs of federal crop insurance were approximately $41 billion, much of this a result of subsidized insurance premiums. Thus, there is much debate as to the benefits to producers justifying the costs. To research the benefits producers receive from these programs, a literature review was conducted drawing from various sources in order to summarize research as to the efficacy of these programs.