Grant Funds Research on How Farmers Manage Water in Dry Conditions
A team from the University of Arkansas-Little Rock is examining how farmers react to drought conditions and changing water availability. Supported by a national grant, the study explores how risk preferences among farmers impact their water usage during dry periods.
Associate Professor Kent Kovacs, from the Department of Accounting, Economics, and Finance, is leading the three-year research initiative.
The study focuses on farming communities in Arkansas, the Lower Mississippi River Basin, Louisiana, and parts of Missouri. It aims to assess whether farmers behave conservatively or are driven more by economic pressures during droughts.
“You can have a string of generally very dry years or you could have a string of very wet years,” Kovacs pointed out. “How they respond depends upon what their preference is for taking risks in their farming business.”