Exhibit 667 ยท Agency report
The Evolving Distribution of Payments From Commodity, Conservation, and Federal Crop Insurance Programs (Economic Information Bulletin 184)
Government payments and Federal crop insurance reduce income volatility for commercial farms.
ERS (McFadden and Hoppe) states that the programs aim to mitigate financial risks of farmers and that payments have shifted to larger farms and higher-income households as production consolidated. Farms with at least $1 million in gross cash farm income received nearly 11 percent of commodity program payments in 1991 and 34 percent in 2015, shifts ERS describes as similar to the shifts in production value. Commodity programs were 89 percent of commodity, conservation and crop insurance support in 1999 and 43 percent in 2015. Peer reviewed within ERS.
- Source
- U.S. Department of Agriculture, Economic Research Service
- Date
- November 2017
- Quoted from
- p. 10 (PDF p. 16)
- Grade
- Primary record
- Document
- https://ers.usda.gov/media/8844/eib-184.pdf
- Accessed
- 2026-11-09
- Cited by
- Findings citing this exhibit