Federal Drought Assistance and Adaptation Decisions in the U.S. Livestock Sector
研究了美国农业部牲畜饲料灾害计划（LFP）是否改变畜牧业者的适应行为和收入，发现该计划对畜群保留与清算决策无显著影响，也未显著影响县级农业GDP。
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.