The SURE Program and Its Interaction with Other Federal Farm Programs
By: Ubilava, David; Barnett, Barry J.; Coble, Keith H.; Harri, Ardian
Ubilava, David; Barnett, Barry J.; Coble, Keith H.; Harri, Ardian, The SURE Program and Its Interaction with Other Federal Farm Programs, Journal of Agricultural and Resource Economics, Volume 36, Issue 3, December 2011, Pages 630-648
We investigate potential effects of the Supplemental Revenue Assistance Payments (SURE) program introduced in the 2008 Farm Bill. Results suggest little impact on optimal crop insurance purchase decisions, though the SURE program does seem to provide an incentive for mid-level insurance coverage. For producers in the price counter-cyclical payment (PCCP) program, SURE payments are actually higher (lower) when commodity prices are high (low). This is not the case for producers in the Average Crop Revenue Election (ACRE) program.