Net Farm Income Impacts of Alternative Risk Management Bills

Abstract

At the request of Senator Richard Lugar, Chairman of the Committee on Agriculture, Nutrition and Forestry, FAPRI has analyzed impacts of two alternative risk management proposals. The first proposal is the Farmers' Risk Management Act of 1999, sponsored by Senator Lugar (IN) and co-sponsored by Senators McConnell (KY), Fitzgerald (IL), and Helms (NC). The second proposal is the Risk Management for the 21st Century Act, put forth by Senator Roberts (KS) and co-sponsored by Senator Kerrey (NE) and others.