Safety net programs are vital for farmers facing difficult times due to natural disasters or market crashes, says the author.

Farm policy should provide safety net

Farming is a capital intensive and inherently risky profession, in ways that are different from most other occupations. Farmers are primarily prone to two types of risk: the relatively short-term risk posed by natural disasters and the long-term risk of prolonged periods of low prices. Farmers with less capital and liquidity often do not have […] Read more