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Accession Number PB2012-114760
Title Changing Farm Structure and the Distribution of Farm Payments and Federal Crop Insurance.
Publication Date Feb 2012
Media Count 58p
Personal Author R. A. Hoppe T. K. White
Abstract The distribution of commodity-related payments and Federal crop insurance indemnities to U.S. farmers has shifted to larger farms as more and more U.S. agricultural production is done on those farms. Since the operators of larger farms tend to have higher household incomes than other farm operators, commodity-related program payments and Federal crop insurance indemnities also have shifted to higher income households. By 2009, half of commodity-related program payments went to farms operated by households earning over $89,540, a quarter went to farms operated by households with incomes greater than $209,000 and 10 percent went to farms operated by households with incomes of at least $425,000. Current income eligibility caps and payment limits affect few farm households because most of them have incomes below the income caps or receive payments less than the payment limits. Based on 2009 Agricultural Resource Management Survey (ARMS) data, recent proposals to lower those income caps and payment limits would still affect only a small percentage of U.S. farm households, because their incomes would still fall below the proposed income caps and payment limits. Total Government program payments to U.S. farms were $12.3 billion in 2009. Total Federal crop insurance indemnity payments were $5.2 billion in 2009.
Keywords Agricultural economics
Agricultural products
Commodites
Farm management
Federal assistance program
Federal crop insurance
Households
Income
Payment
Surveys


 
Source Agency Economic Research Service
NTIS Subject Category 98B - Agricultural Economics
96A - Domestic Commerce, Marketing, & Economics
Corporate Author Economic Research Service, Washington, DC.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1226
Contract Number N/A

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