SCC76: Economics and Management of Risk in Agriculture and Natural Resources
(Multistate Research Coordinating Committee and Information Exchange Group)
Status: Inactive/Terminating
Date of Annual Report: 06/01/2021
Report Information
Annual Meeting Dates: 04/08/2021
- 04/09/2021
Period the Report Covers: 06/01/2019 - 06/01/2021
Period the Report Covers: 06/01/2019 - 06/01/2021
Participants
Adam Rabinowitz Auburn UniversityAlicia Grahmann USDA
Andrew Swanson UC Davis Ph.D. Student
Apurba Shee University of Greenwich
Ashley Renck USDA/RMA
Austin Ramsey Virginia Tech
Barry K. Goodwin NCSU
Benjamin Yao Avuwadah University of Florida
Brian Wright UC Berkeley
Bruce Ahrendsen University of Arkansas Division of Agriculture
Calum Turvey Cornell University
Chai Zhihui IMAN, China
Chris Aulbur USDA
Chris Boyer University of Tennessee
Chris M. Boyd University of Minnesota
Converse Griffith USDA RMA
Daemyung Lee North Carolina State University
Dan Sumner University of California, Davis
Denis Nadolnyak Auburn University
Eric Belasco Montana State University
ERNESTO GUERR Universidad Católica de la Santísima Concepción
Eunchun park Mississippi state university
Francis Tsiboe KSU
Geyi Zheng UC Davis
Harun Bulut NCIS
Holly Wang Purdue University
Houmin Zhong RMA-USDA
Jaclyn Kropp University of Florida
Jacqueline Chen AIR Worldwide
Jennie Yan USDA
Jennifer Ifft Kansas State University
Jesse Tack Kansas State University
Jisang Yu Kansas State University
Joseph Glauber IFPRI
Josh Duke Auburn University
Julia Borman AIR Worldwide
Juo-Han Tsay University of Illinois
Ke Wang Chinese Academy of Agricultural Sciences
Kirk Allen RMA
LE CHEN North Carolina State University
Les Muir AIR Worldwide
Lindsey Boeckmann USDA
Marc Bellemare University of Minnesota
Margaret Jodlowski The Ohio State University
Megan Roberts University of Minnesota
Michael Salassi Louisiana State University AgCenter
Nick Paulson University of Illinois
Oscar Vergara AIR Worldwide
Paul Karanevich USDA
Peilu Zhang TAMU
Prasenjit Ghosh Auburn University
Qiujie Zheng University of Maine
Rachel Anderson USDA/RMA
Raghav
Rod Rejesus North Carolina State University
Ruiqing Miao Auburn
Ryan Seely Risk Management Agency
Sarah Thomas USDA\RMA
Scott Risk Management Agency
Serkan Aglasan NC State University
Shawn Beach USDA-RMA
Shi Eun Lee TAMU
Steven Davey USDA-Risk Management Agency
Thomas Sproul University of Rhode Island
Thomas Worth RMA/USDA
Thuy Nguyen TAMU
Todd Kuethe Purdue University
Tom Sproul University of Rhode Island
Wade Brorsen Oklahoma State University
Xiaoxue Du University of Idaho
Xiaoyong Zheng NC State University
Ximing Wu TAMU
Yuanfeng Zhao Inner Mongolia Agricultural University
Yuyuan Che Michigan State University
Zachary White USDA - RMA
Zhangliang Chen
Brief Summary of Minutes
1) Jisang Yu (Kansas State University) was unanimously elected to serve on the executive committee. Prof. Yu will serve as program chair for the 2022 annual meeting.
2) Brittney Goodrich (University of California, Davis) confirmed to continuously serve on the executive committee. Prof. Goodrich will serve as accommodations chair for the 2022 annual meeting.
3) Tom Sproul (University of Rhode Island) agreed to continue to serve as "outgoing chair" for the coming year.
Accomplishments
Publications
<p>Anand, Mohit, Ruiqing Miao, and Madhu Khanna. 2019. Adopting Bioenergy Crops: Does Farmers’ Attitude toward Loss Matter? Agricultural Economics 50(4):435-450.</p><br /> <p>Bekkerman, A., Belasco, E.J. and Smith, V.H., 2019. Does farm size matter? Distribution of crop insurance subsidies and government program payments across US farms. Applied Economic Perspectives and Policy, 41(3), pp.498-518.</p><br /> <p>Belasco, E.J., Cooper, J. and Smith, V.H., 2020. The Development of a Weather‐based Crop Disaster Program. American Journal of Agricultural Economics, 102(1), pp.240-258.</p><br /> <p>Belasco, E. and Schahczenski, J., 2021. Is organic farming risky? An evaluation of WFRP in organic and conventional production systems. Agricultural and Resource Economics Review, 50(1), pp.63-75.</p><br /> <p>Cho, W., and B.W. Brorsen. 2021. Evaluation of RI-PRF Crop Insurance Program Design. Journal of Agricultural and Resource Economics. Forthcoming.</p><br /> <p>Goodrich, B.K. and Goodhue, R.E., 2020. Are All Colonies Created Equal? The Role of Honey Bee Colony Strength in Almond Pollination Contracts. Ecological Economics, 177, p.106744.</p><br /> <p>Goodrich, B., Yu, J. and Vandeveer, M., 2020. Participation patterns of the rainfall index insurance for pasture, rangeland and forage programme. The Geneva Papers on Risk and Insurance-Issues and Practice, 45(1), pp.29-51.</p><br /> <p>He, J., Zheng, X., Rejesus, R. and Yorobe Jr, J., 2020. Input use under cost‐of‐production crop insurance: Theory and evidence. Agricultural Economics, 51(3), pp.343-357.</p><br /> <p>Kim, Y., Yu, J. and Pendell, D.L., 2020. Effects of crop insurance on farm disinvestment and exit decisions. European Review of Agricultural Economics, 47(1), pp.324-347.</p><br /> <p>Malikov, Emir, Ruiqing Miao, and Jingfang Zhang. 2020. Distributional and Temporal Heterogeneity in the Climate Change Effects on U.S. Agriculture. Journal of Environmental Economics and Management 104:1-10. </p><br /> <p>Miao, Ruiqing. 2020. Climate, Insurance, and Innovation: The Case of Drought and Innovations in Drought-Tolerant Traits in U.S. Agriculture. European Review of Agricultural Economics 47(5):1826-1860. </p><br /> <p>Park, E., B.W. Brorsen, and A. Harri. 2019. Using Bayesian Kriging for Spatial Smoothing in Crop Insurance Rating. American Journal of Agricultural Economics. 101(1):330-351.</p><br /> <p>Park, E., B.W. Brorsen, and A. Harri. 2021. Spatially Smoothed Crop Yield Density: Physical Distance vs Climate Similarity. Journal of Agricultural and Resource Economics. Forthcoming.</p><br /> <p>Park, S., Goodwin, B.K., Zheng, X. and Rejesus, R.M., 2020. Contract elements, growing conditions, and anomalous claims behaviour in US crop insurance. The Geneva Papers on Risk and Insurance-Issues and Practice, 45(1), pp.157-183.</p><br /> <p>Perry, E.D., Yu, J. and Tack, J., 2020. Using insurance data to quantify the multidimensional impacts of warming temperatures on yield risk. Nature communications, 11(1), pp.1-9.</p><br /> <p>Ramsey, A.F., 2020. Probability distributions of crop yields: A bayesian spatial quantile regression approach. American Journal of Agricultural Economics, 102(1), pp.220-239.</p><br /> <p>Ramsey, A.F., Ghosh, S.K. and Goodwin, B.K., 2020. Rating exotic price coverage in crop revenue insurance. Agricultural Finance Review.</p><br /> <p>ShalekBriski, A., B.W. Brorsen, J. Rogers, J.T. Biermacher, D.A. Marburger, and J. Edwards. 2020. Design of the Rainfall Index Annual Forage Program. Agricultural Finance Review</p><br /> <p>Shee, A., Turvey, C.G. and Marr, A., 2021. Heterogeneous Demand and Supply for an Insurance‐linked Credit Product in Kenya: A Stated Choice Experiment Approach. Journal of Agricultural Economics, 72(1), pp.244-267.</p><br /> <p>Tsiboe, F. and Tack, J., 2021. Utilizing Topographic and Soil Features to Improve Rating for Farm-Level Insurance American Journal of Agricultural Economics.</p><br /> <p>Turvey, C.G., Carduner, A. and Ifft, J., 2020. Market microstructure and the historical relationship between the US farm credit system, farm service agency and commercial bank lending. Agricultural Finance Review.</p><br /> <p>Yu, Chengzheng, Ruiqing Miao, and Madhu Khanna. forthcoming. Maladaptation of U.S. Corn and Soybeans to a Changing Climate. Scientific Reports.</p><br /> <p>Yu, J. and Hendricks, N.P., 2020. Input Use Decisions with Greater Information on Crop Conditions: Implications for Insurance Moral Hazard and the Environment. American Journal of Agricultural Economics, 102(3), pp.826-845.</p><br /> <p>Yu, J., Sumner, D.A. and Lee, H., 2021. Premium rates and selection in specialty crop insurance markets: Evidence from the catastrophic coverage participation. Food Policy, 101, p.102079.</p><br /> <p>Wang, H.H., Liu, L., Ortega, D.L., Jiang, Y. and Zheng, Q., 2020. Are smallholder farmers willing to pay for different types of crop insurance? An application of labelled choice experiments to Chinese corn growers. The Geneva Papers on Risk and Insurance-Issues and Practice, 45(1), pp.86-110.</p>Impact Statements
Date of Annual Report: 06/06/2022
Report Information
Annual Meeting Dates: 04/07/2022
- 04/09/2022
Period the Report Covers: 06/02/2021 - 06/06/2022
Period the Report Covers: 06/02/2021 - 06/06/2022
Participants
Alan Hinds Kansas State UniversityAlexis Villacis Arizona State University
Alicia Grahmann USDA-Risk Management Agency
Ana Claudia Sant'Anna West Virginia University
Andrew Stevens University of Wisconsin–Madison
Anil Giri USDA/ ERS
Arusha Ijaz Kansas State Univ
Ashley Spalding UC Davis
Brian D Wright University of California Berkeley
Brittney Goodrich University of California, Davis
Bruce Ahrendsen University of Arkansas Division of Agriculture
Catherine Isley University of Missouri
Chris Boyer University of Tennessee
Cordon Rowley Kansas State University
David Zanoni USDA-Risk Management Agency
Eric Belasco Montana State University
Eunchun Park University of Arkansas
Francis Tsiboe USDA ERS
Gary Schnitkey UIUC
Georgi Gabrielyan USDA
Harun Bulut National Crop Insurance Services
Holly Wang Purdue University
Hongli Feng Iowa State University
Jaclyn Donna Kropp University of Florida
Jeff Hadachek University of California Davis
Jennifer Ifft Kansas State University
Jesse Tack KSU
Jisang Yu Kansas State University
Kevin Adams USDA-Risk Management Agency
Kirk Allen USDA-Risk Management Agency
Lawson Connor University of Arkansas
Lindsey Boeckmann USDA-Risk Management Agency
Margaret Jodlowski The Ohio State University
Mitch Roznik Arizona State University
Noah Miller USDA/ ERS
Pin Lu Michigan State University
Robert Dubois USDA-Risk Management Agency
Rod Rejesus North Carolina State University
Ryan Feuz Utah State University
Sarah Atkinson USDA ERS
Sarah Low University of Missouri
Scott Merryman USDA-Risk Management Agency
Shawn Beach USDA-Risk Management Agency
Sunjae Won North Carolina State University
Sylvanus Gaku Kansas State University
Tom Sproul University of Rhode Island
Tom Worth USDA ERS
Tom Zacharias NCIS
Tristan Hanon UC Davis
Valentina Hartarska Auburn University
Wade Brorsen Oklahoma State University
Wenjun Long Research Center for Rural Economy in MARA, China
Yuyuan Che North Carolina State University
Zhangliang Chen University of Illinois
Brief Summary of Minutes
- The leadership, Jisang Yu (Kansas State University), Brittney Goodrich (University of California, Davis), Tom Sproul (University of Rhode Island) agreed to continue to serve for the coming year.
- The 2023 annual meeting will take a place in Kansas City, MO, yet it is subject to change. The leadership will conduct a survey once the meeting date gets closer.
Accomplishments
Publications
<p>Adkins, K., C.N. Boyer, S.A. Smith, A.P. Griffith, and A. Muhammad. 2020. “Analyzing Corn and Cotton Producers Optimal Prevented Planting Decision on Moral Hazard.” <em>Agronomy Journal</em> 112(3):2047-2057. <a href="https://acsess.onlinelibrary.wiley.com/doi/abs/10.1002/agj2.20173">(Link)</a></p><br /> <p>Boyer, C.N., and A.P. Griffith. 2021. “Livestock Risk Protection for Feeder Cattle during COVID-19.” <em>Choices</em> Quarter 4. <a href="https://www.choicesmagazine.org/choices-magazine/submitted-articles/livestock-risk-protection-payments-for-feeder-cattle-during-covid-19">(Link)</a></p><br /> <p>Boyer, C.N., A.P. Griffith, and K.L. DeLong. 2021. “Evaluating Optimal Purchasing and Selling Decisions of Beef Cattle Replacement Females.” <em>Agricultural Finance Review </em>81(3):430-443. <a href="https://www.emerald.com/insight/content/doi/10.1108/AFR-08-2020-0118/full/html">(Link)</a></p><br /> <p>Boyer, C.N., K. Burdine, J. Rhinehart, and C. Martinez. 2021. “Replacing Late Calving Beef Cows to Shorten Calving Season.” <em>Journal of Agricultural and Resource Economics </em>43(2):228-241. <a href="https://jareonline.org/articles/replacing-late-calving-beef-cows-to-shorten-calving-season/">(Link)</a></p><br /> <p>Boyer, C.N., K. Zechiel, P.D. Keyser, J. Rhinehart, and G. Bates. 2020. “Risk and Returns from Grazing Beef Cattle on Warm-Season Grasses in Tennessee” <em>Agronomy Journal </em>112(1):301-308. <a href="https://acsess.onlinelibrary.wiley.com/doi/full/10.1002/agj2.20032">(Link)</a></p><br /> <p>Boyer, C.N., A.P. Griffith, and K.L. DeLong. 2020. “Reproductive Failure and Long-Term Profitability of Spring and Fall Calving Beef Cows.” <em>Journal of Agricultural and Resource Economics </em>45(1):78-91. <a href="http://www.waeaonline.org/UserFiles/file/JARE45.1Jan20205Boyer78-91.pdf">(Link)</a></p><br /> <p>Bruhin, J., C. Trejo-Pech, C.N. Boyer, and S.A. Smith. 2022. “Profitability, Risk, and Cash Flow Deficit for Beginning Cow Calf Producers.” <em>Agricultural Finance Review </em>82(1):1-19. <a href="https://www.emerald.com/insight/content/doi/10.1108/AFR-05-2020-0065/full/html">(Link)</a></p><br /> <p>Campbell*, K., C.N. Boyer, D.M. Lambert, C.D. Clark, and S.A. Smith. 2021. “Risk, Cost-Share Payment, and Adoption of Cover Crops and No-Till.” <em>Journal of Soil and Water Conservation </em>76(2):166-174. <a href="https://www.jswconline.org/content/76/2/166.abstract">(Link)</a></p><br /> <p>Cai, Qingyin, et al. "The influence of past experience on farmers’ preferences for hog insurance products: a natural experiment and choice experiment in China." <em>The Geneva Papers on Risk and Insurance-Issues and Practice</em> 46.3 (2021): 399-421.</p><br /> <p>Davidson, K. and B. Goodrich. 2021. “Nudge to Insure: Can Informational Nudges Change Enrollment Decisions in Pasture, Rangeland, and Forage Rainfall Index Insurance?” <em>Applied Economics Policy and Perspectives</em>. <a href="https://doi.org/10.1002/aepp.13215">https://doi.org/10.1002/aepp.13215</a></p><br /> <p>Dizon, F. and Yu, J., 2021. Nudges versus subsidies: Experimental evidence on the demand for a nutritious food in India. Journal of Economic Behavior & Organization, 191, pp.1091-1111. https://doi.org/10.1016/j.jebo.2021.08.017</p><br /> <p>Pasaribu, K.N., L.H. Lambert, D.M. Lambert, B.C. English, C.D. Clark, C. M. Hellwinckel, C.N. Boyer, and A. Smith. 2021. “Profitability of Irrigating for Corn, Cotton, and Soybean under Projected Drought Scenarios.” <em>Irrigation Science</em> 39(3):315-328. <a href="https://link.springer.com/article/10.1007/s00271-020-00707-x">(Link)</a></p><br /> <p>Tack, J. and Yu, J., 2021. Risk management in agricultural production. In Handbook of Agricultural Economics (Vol. 5, pp. 4135-4231). Elsevier. <a href="https://doi.org/10.1016/bs.hesagr.2021.10.004">https://doi.org/10.1016/bs.hesagr.2021.10.004</a></p><br /> <p>Yu, J. and Goh, G., 2021. Estimating temperature impacts on perennial crop losses in California: Insights from insurance data. Applied Economic Perspectives and Policy. <a href="https://doi.org/10.1002/aepp.13222">https://doi.org/10.1002/aepp.13222</a></p><br /> <p> </p>Impact Statements
Date of Annual Report: 06/02/2023
Report Information
Annual Meeting Dates: 03/16/2023
- 03/18/2023
Period the Report Covers: 06/07/2022 - 06/02/2023
Period the Report Covers: 06/07/2022 - 06/02/2023
Participants
Brief Summary of Minutes
- Kelly Davidson, University of Delaware, has been elected and agreed to serve as the program chair starting the 2024 annual meeting.
- Jisang Yu, Kansas State University, is moving to the accommodation chair role.
- The leadership will form a writing committee for the project renewal.
- The 2024 meeting will take place in Kansas City, MO, yet it is subject to change. The leadership will make a decision soon.
- The 2024 meeting will be scheduled Wed -- Fri while the exact dates are TBD.
Accomplishments
Publications
<p>Chen, L., Rejesus, R.M., Aglasan, S., Hagen, S. and Salas, W., 2023. The impact of no‐till on agricultural land values in the United States Midwest. American Journal of Agricultural Economics, 105(3), pp.760-783.</p><br /> <p>Davidson, K.A. and Goodrich, B.K., 2023. Nudge to insure: Can informational nudges change enrollment decisions in pasture, rangeland, and forage rainfall index insurance?. Applied Economic Perspectives and Policy, 45(1), pp.534-554</p><br /> <p>Ghosh, P.N., Miao, R. and Malikov, E., 2021. Crop insurance premium subsidy and irrigation water withdrawals in the western United States. The Geneva Papers on Risk and Insurance-Issues and Practice, pp.1-25.</p><br /> <p>Hadachek, Jeffrey, Ma, Meilin, and Sexton, Richard J.. 2023. Market Structure and Resilience of Food Supply Chains under Extreme Events. American Journal of Agricultural Economics 1– 24. https://doi.org/10.1111/ajae.12393</p><br /> <p>Majeed, F., Khanna, M., Miao, R., Blanc‐Betes, E., Hudiburg, T. and DeLucia, E., 2023. Carbon mitigation payments can reduce the riskiness of bioenergy crop production. Journal of the Agricultural and Applied Economics Association.</p><br /> <p>Pinto, A.F., Goodrich, B.K., Kelley, W. and Runge, M., 2023. Price determinants of bred heifers: Do reputations matter?. Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie.</p><br /> <p>Tsiboe, F. and Tack, J., 2022. Utilizing Topographic and Soil Features to Improve Rating for Farm‐Level Insurance Products. American Journal of Agricultural Economics, 104(1), pp.52-69..</p><br /> <p>Tsiboe, F. and Turner, D., 2023. Econometric identification of crop insurance participation. Agricultural and Resource Economics Review, pp.1-22.</p><br /> <p>Turner, D. and Tsiboe, F., 2022. The crop insurance demand response to the Wildfire and Hurricane Indemnity Program Plus. <em>Applied Economic Perspectives and Policy</em>, <em>44</em>(3), pp.1273-1292.</p><br /> <p>Wang, H.H., Liu, L., Ortega, D.L., Jiang, Y. and Zheng, Q., 2020. Are smallholder farmers willing to pay for different types of crop insurance? An application of labelled choice experiments to Chinese corn growers. The Geneva Papers on Risk and Insurance-Issues and Practice, 45, pp.86-110.</p><br /> <p>Wang, H.H., Tack, J.B. and Coble, K.H., 2020. Frontier studies in agricultural insurance. The Geneva Papers on Risk and Insurance-Issues and Practice, 45, pp.1-4.</p><br /> <p>Won, S., Rejesus, R.M., Goodwin, B.K. and Aglasan, S., 2023. Understanding the effect of cover crop use on prevented planting losses. American Journal of Agricultural Economics.</p><br /> <p>Yu, J. and Goh, G., 2022. Estimating temperature impacts on perennial crop losses in California: Insights from insurance data. Applied Economic Perspectives and Policy, 44(3), pp.1409-1423.</p><br /> <p>Yu, J., Goodrich, B. and Graven, A., 2022. Competing farm programs: Does the introduction of a risk management program reduce the enrollment in the Conservation Reserve Program?. Journal of the Agricultural and Applied Economics Association, 1(3), pp.320-333.</p>Impact Statements
Date of Annual Report: 06/24/2024
Report Information
Annual Meeting Dates: 04/03/2024
- 04/05/2024
Period the Report Covers: 10/01/2019 - 09/30/2024
Period the Report Covers: 10/01/2019 - 09/30/2024
Participants
See the attachmentBrief Summary of Minutes
Business meeting agenda
- Updated the renewal process: Proposal submitted.
- Discussed future meeting venues: Positive feedback on this meeting/KC Fed; discussed other possibilities
- Leadership structure
- Currently 2 years of Program Chair + 2 years of Accommodation Chair
- Possibly reforming to having separate roll-outs for two chairs