Farmers in Arkansas, Louisiana and Mississippi, pay four to six times more for crop insurance than their counterparts in the upper Midwest, and Hunter Biram wanted to know why.
It’s a question that’s been in Biram’s head since his dissertation days at Kansas State University.
Now a Ph.D. extension economist for the University of Arkansas System Division of Agriculture, Biram, along with co-authors Cameron-Harp, agricultural economist, and Jesse Tack, professor of Agricultural Economics, both of Kansas State, have some answers.
The result of their research — Measuring the impact of hurricane incidence on agricultural production risk using insurance data — was published in late July in the field’s top journal, the American Journal of Agricultural Economics.