TY - JOUR AB - Passage of the 1996 Farm Bill marked a dramatic departure in federal farm policy as the longstanding deficiency payment program was replaced with non‐risk responsive transition payments. In light of the departure, subsidized savings has been proposed as a mechanism to provide risk protection to agricultural producers. Using Canada’s National Income Stabilization Account (NISA) program as an example of a subsidized savings program, a stochastic programming model of income stabilization is developed. The model is then used to investigate the optimizing behavior of a typical Midwestern crop producer. The results suggest a fair amount of program design flexibility exists, and that the government can use this flexibility to stimulate initial and continual participation while minimizing capital outlays. VL - 60 IS - 1 SN - 0002-1466 DO - 10.1108/00214680080001109 UR - https://doi.org/10.1108/00214680080001109 AU - Stokes Jeffrey R. AU - Coble Keith H. AU - Dismukes Robert PY - 2000 Y1 - 2000/01/01 TI - Producer behavior in the presence of an income stabilization program T2 - Agricultural Finance Review PB - MCB UP Ltd SP - 34 EP - 59 Y2 - 2024/03/28 ER -