This paper addresses the question, ―Starting from a blank blackboard, what, if any farm safety net is acceptable based on economic principles and the current 21st Century status of the U.S. farm sector?‖ Incomplete farm insurance markets are identified as a rationale for discussing a 21st Century U.S. farm safety net. The incomplete insurance markets are attributed to the existence of systemic risk in U.S. farming. A farm safety net is proposed to
address the incomplete insurance markets that result from systemic risk
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by Carl Zulauf, Ag. Economist, Ohio State University, OSU AED Economics