The impact of government programs on Alberta farm revenue risk

This thesis analyzes the risk effects of the Net Income Stabilization Account (NISA): Gross Revenue Insurance Program (GRIP); Revenue Insurance Program (RIP) (including Saskatchewan versions of GRIP and RIP; Crop Insurance (CI), an analog of the Special Canadian Grains Program (SCGP) and the Western Grain Stabilization Act (WGSA).;A root mean squared error and a coefficient of variation are used to measure the impact or programs on short-term revenue predictability and long-term revenue variability. The influence of each of the programs on a farmer's relative debt carrying capacity is also examined.;Estimated yield data is combined with prices and regional grade information by year to generate a time series of revenue on a per acre basis. Simulated estimates of annual payouts from each of the programs allow the formation of additional time series for each program, elevator point and crop. Risk comparisons are then made between the various time series, and summarized for each of 13 regions.