Work

Federal Drought Assistance and Adaptation Decisions in the U.S. Livestock Sector

Year: 2025

Type: article

Abstract: ABSTRACT The increasing severity and duration of drought conditions has important implications for the agricultural sector, and particularly livestock producers, as drought can negatively impact profitability and forage availability. The USDA's Livestock Forage Disaster Program (LFP) aims to reduce the economic costs of drought by providing payments to livestock producers experiencing predetermined levels of drought. This paper assesses whether the program alters adaptation behavior and income among livestock producers. Our results suggest that the LFP does not significantly alter adaptation through herd retention and liquidation decision‐making, and it shows no significant impact on producer income measured as county‐level agricultural GDP.

Source: Agricultural Economics

DOI: 10.1111/agec.70042

Authors: R. Aaron Hrozencik, Gabriela Perez‐Quesada

Institutions: Economic Research Service, United States Department of Agriculture, University of Tennessee System, University of Tennessee at Knoxville

Language: English

Topic: Agricultural risk and resilience

Subfield: Soil Science

Field: Agricultural and Biological Sciences

Domain: Life Sciences

SDGs: Zero hunger, No poverty, Decent work and economic growth

Open Access status: bronze

OpenAlex ID: W4410724187

FWCI: 0.505

Cites: 31

Cited by: 1

Related to: 10