SCC76: Economics and Management of Risk in Agriculture and Natural Resources

(Multistate Research Coordinating Committee and Information Exchange Group)

Status: Active

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SAES-422 Reports

Annual/Termination Reports:

[06/12/2025]

Date of Annual Report: 06/12/2025

Report Information

Annual Meeting Dates: 04/13/2025 - 04/15/2025
Period the Report Covers: 08/07/2024 - 04/15/2025

Participants

Kelly Davidson University of Delaware
Jim Teal University of Wisconsin - Madison
Jeremy Clark Department of Economics, University of Canterbury
Xuche Gong Mississippi State University
Roderick Rejesus North Carolina State University
Nate Baker NCIS/NAU Country
Kristiina Ala-Kokko Kansas State University
Ryan Feuz Utah State University
Jiyeon Kim North Dakota State University
Sandro Steinbach NDSU
Chris Wyburn-Powell Verisk Extreme Event Solutions
Oscar Vergara Verisk
Harun Bulut NCIS
Bijay Sharma NCIS
Tom Zacharias NCIS
Matt South NCIS
Tim Witt NCIS
Manisha Shrestha University of Delaware
Yuyuan Che Texas Tech University
Grant Gardner University of Kentucky
Brittney Goodrich University of Illinois Urbana-Champaign
Aaron Kuethe Employee of Farmers Mutual Hail Insurance
Chad Mixdorf Employee of Farmers Mutual Hail Insurance
Derek Watson Tokio Marine HCC
Nate Schmitt Great American
Henrique Monaco University of Illinois
Morgan Paige Mastrianni Purdue University
Alan Hinds Cornell University
Zhangliang Chen University of Illinois
Sunjae Won Auburn University
K Aleks Schaefer Oklahoma State University
Jennifer Ifft Kansas State University
Margaret Lippsmeyer Kansas State University
Parker Vulgamore Kansas State University
Jaclyn Kropp University of Florida
Eunchun Park University of Arkansas
Francis Tsiboe Independent researcher
Jesse Tack Kansas State University
Juo-Han Tsay University of Missouri
Le Chen University of Tennessee, Knoxville
Victor Funes University of Arkansas
Lawson Connor University of Arkansas
Wade Borsen Oklahoma State University

Brief Summary of Minutes

Summary of Minutes, SCC-76 2022

The proposal for renewal of SCC76 was accepted in 2024. Thanks to Jisang Yu’s leadership with the help of committee members Kelly Davidson, Brittney Goodrich and Jaclyn Kropp!

The leadership for 2025-2026 consists of Kelly Davidson (University of Delaware), Sunjae Won (Auburn University) and Jennifer Ifft (Kansas State University.

The 2026 annual meeting will take a place in Kansas City, MO, continuing at the Federal Reserve Bank of Kansas City. Dates will be announced at a later time.

Accomplishments

Publications

Aglasan, S., R.M. Rejesus, S. Hagen, and W. Salas. “Cover Crops, Crop Insurance Losses, and Resilience to Extreme Weather Events.” American Journal of Agricultural Economics. Vol. 106, No. 4 (August 2024): 1410-1434. Aglasan, S., B.K. Goodwin, and R.M. Rejesus. “Risk Effects of GM Corn: Evidence from Crop Insurance Outcomes and High-dimensional Methods.” Agricultural Economics. Vol. 54, No. 1 (January 2023): 110-126. Ala-Kokko, K. and J. Tack. Effects of Warming on Pulse Varieties in North America. Presented at the SCC-76 Economics and Management of Risk in Agriculture and Natural Resources Annual Meeting. Kansas City, MO. April 14-15, 2025. Ala-Kokko, K., J. Tack, and J. Yu. Using Field Trial Data to Estimate the On-Farm Effects of GM Adoption on Yield. Presented at the SCC-76 Economics and Management of Risk in Agriculture and Natural Resources Annual Meeting. Kansas City, MO. April 3-5, 2024. Arnold, C., J. Yu, M. Taylor, L. H. Palm-Forster, and S. Banerjee, 2023. The Role of Risk in Farmland Contract Choices, Journal of Agricultural and Resource Economics, 48(2),  <a href="https://doi.org/10.22004/ag.econ.320681" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.22004/ag.econ.320681&source=gmail&ust=1749821217021000&usg=AOvVaw1chSwFIL5tgWBZGz1w_GSI">https://doi.org/10.22004/ag.econ.320681</a>  Biram, H., K. H. Coble, A. Harri, E. Park, and J. Tack. 2022 “Mitigating Price and Yield Risk Using Revenue Protection and Agriculture Risk Coverage”, Journal of Agricultural and Applied Economics, 1-15. https://doi:10.1017/aae.2022.8 (Outstanding JAAE Article Award).   Biram, Hunter, Jesse Tack, Richard Nehring, and Jisang Yu. "Empirical Challenges for Estimating Moral Hazard Effects of Crop Insurance on Pesticide Use." Journal of Agricultural and Resource Economics Preprint (2024). Boyer, C. N., E. Park, and S. Yun., 2022 “Soil and Climate Impacts on US Corn and Soybean Prevented Planting Acres.” Applied Economic Perspectives and policy,1-14 <a href="https://doi.org/10.1002/aepp.13237" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1002/aepp.13237&source=gmail&ust=1749820904097000&usg=AOvVaw3fnG4Vd29TvVx918auszYH">https://doi.org/10.1002/aepp.13237</a>.   Boyer, C.N., E. Park, A.F. Ramsey, and C.C. Martinez. 2025. “Formula and Cash Negotiated Fed Cattle Price Relationships.” Journal of Agricultural and Resource Economics  50(1): 62-74 Boyer, C.N., L. Chen, G. Perez-Quesada, and S.A. Smith. 2024. 2024. “Unwelcomed Guests: Impact of Deer Harvest on Corn and Soybean Wildlife Damage.” Crop Protection 184:106753. Boyer, C.N., E. Park, G. Perez Quesada, C. Hellwinckel, S.A. Smith, and W. Maples. 2024. “Estimating Prevented Planting Coverage Factor Variation” Agricultural and Resource Economics Review 53(2):356-370. Boyer, C.N., K.L. DeLong, A.P. Griffith, and C.C. Martinez. 2024. "Factors Influencing United States Cattle Producers’ Use of Livestock Risk Protection." Agricultural Economics 55(4):677-689. Boyer, C.N., W.H. Duncan, and E. Park, 2024. “Simulating Prevented Planting Coverage Factors based on Cost Reimbursement.” Journal of American Society of Farm Managers and Rural Appraisers 6-16.   Boyer, C.N., E. Park, A.P. Griffith, K.L. DeLong, and C.C. Martinez. 2023.“Feeder and Fed Cattle Purchases of Livestock Risk Protection” Agricultural Finance Review 83(4/5):720-733. Boyer, C.N., C.C. Martinez, J. Benavidez, and J.G. Maples. 2023. “Price Ranges from Fed Cattle Negotiated Cash Sale.” Applied Economic Perspectives and Policy 45(3):1659-1671. Boyer, C.N., E. Park, and S. Yun. 2023. “Corn and Soybean Prevented Planting Acres Response to Weather.” Applied Economic Perspectives and Policy 45(2):970-983. Boyer, C.N., and A.P. Griffith. 2023. “Increasing Livestock Risk Protection Subsidies Impact on Producer Premiums” Agricultural Finance Review 83(2):201-210. Boyer, C.N., and A.P. Griffith. 2023. “Subsidy Rate Changes on Livestock Risk Protection for Feeder Cattle” Journal of Agricultural and Resource Economics 48(1):31-45. Boyer, C.N., E. Park, C. Martinez, and A. F. Ramsey, “Formula and Cash Negotiated Fed Cattle Price Relationships.” Journal of Agricultural and Resource Economics, Published online https://doi:10.22004/ag.econ.344680   Boyer, C.N., E. Park, C. Hellwinckel, S.A. Smith, W. Maples, and G. Perez Quesada. “Estimating Prevented Planting Coverage Factor Variation,” Agricultural and Resource Economics Review. Published online 2024:1-15. https://doi:10.1017/age.2024.6Page Briggeman, Brian, Luke Byers, Jennifer Ifft, Ryan Kuhns, Noah Miller, and Jisang Yu. "Is US farm sector debt underestimated? Evidence from equipment lending." Agricultural Finance Review 84, no. 2/3 (2024): 191-207 <a href="https://doi.org/10.1108/AFR-12-2023-0168" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1108/AFR-12-2023-0168&source=gmail&ust=1749821217021000&usg=AOvVaw0K2ceP8Pgz4GgwB5BvzxPH">https://doi.org/10.1108/AFR-12-2023-0168</a> Connor, L., R.M. Rejesus, M. Yasar. “Crop Insurance Participation and Cover Crop Use: Evidence from Indiana County-level Data.” Applied Economic Perspectives and Policy. Vol. 44, No. 4 (December 2022): 2181-2208. Cooray, A., R.M. Rejesus, S. Aglasan, Z. Li, A. Woodley. “The Impact of Conservation Tillage Intensities on Mean Yields and Yield Risk.” Soil Security. Vol. 12, No. 100096 (September 2023): 1-20. Davidson, K. and B. Goodrich. 2023. “Nudge to Insure: Can Informational Nudges Change Enrollment Decisions in Pasture, Rangeland, and Forage Rainfall Index Insurance?” Applied Economics Perspectives and Policy 45(1):534-554.<a href="https://doi.org/10.1002/aepp.13215">https://doi.org/10.1002/aepp.13215</a> Dizon, Felipe, Muhammad Saad Imtiaz, and Jisang Yu. "Identifying the impact of water constraints on agricultural productivity in hillside contexts." Agricultural Economics (2024) <a href="https://doi.org/10.1111/agec.12866" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1111/agec.12866&source=gmail&ust=1749821217021000&usg=AOvVaw23rGtYajTRiqx44oNv967b">https://doi.org/10.1111/agec.12866</a> Fenton, M., Goodrich, B. K., & Penn, J. (2025). Measuring beekeepers' economic value of contract enhancements in almond pollination agreements. Ecological Economics, 227, 108351. Feuz R., R. Bosworth, R.C. Larsen, S. Klein**, R.E. Larsen, M.W.K. Shapero, D.R. Rao, L. Althouse, & K. Striby. (2023). “Expanding on Basis Risk Estimates for Pasture, Rangeland, and Forage Insurance.” Journal of Applied Farm Economics. 6(1): 1-16. <a href="https://doi.org/10.7771/2331-9151.1068">https://doi.org/10.7771/2331-9151.1068</a>   Goodrich, B. and K. Davidson. 2024.“Determinants of Enrollment in Pasture, Rangeland, and Forage Rainfall Index Insurance: Awareness Matters” Journal of Agriculture and Resource Economics 49(2): 311-331. <a href="http://dx.doi.org/10.22004/ag.econ.338996">http://dx.doi.org/10.22004/ag.econ.338996</a> Goodrich, B., Fenton, M., Penn, J., Bovay, J., & Mountain, T. (2023). Battling bots: Experiences and strategies to mitigate fraudulent responses in online surveys. Applied Economic Perspectives and Policy, 45(2), 762-784. Goodwin, B.K., R.M. Rejesus, K.H. Coble, A. Harri. “Directional Aspects of Crop Yield Correlation: Implications for Insurance Rating and Contract Design.” Journal of the Agricultural and Applied Economics Association. Vol. 3, No. 4 (December 2024): 604-617. Haviland, L. *; R. Feuz. “Enhancing Decision Making in Livestock Risk Protection Insurance: Insights into Optimal LRP Contract Selection.” Journal of Agricultural and Resource Economics. 50(2): 221-239. <a href="https://doi.org/10.22004/ag.econ.347704">https://doi.org/10.22004/ag.econ.347704</a> Haviland, L.* & R. Feuz. (2022). “Livestock Risk Protection: Selecting Optimal Coverage Contracts for Producers.” Western Economics Forum. 20(2):63-74. <a href="https://10.0.85.244/ag.econ.329732">https://10.22004/ag.econ.329732</a> Huseynov, S., C.N. Boyer, C.C. Martinez, K.L. DeLong, and A.P. Griffith. 2025. “The Role of Recency Bias and Price Salience in Insurance Take-Up Decision.” Journal of Agricultural and Resource Economics 50(1): 21-38. Janzen, J., B. Swearingen, and J. Yu, 2023, Buying Time: The Effect of Market Facilitation Program Payments on the Supply of Grain Storage, Journal of the Agricultural and Applied Economics Association, <a href="https://doi.org/10.1002/jaa2.67" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1002/jaa2.67&source=gmail&ust=1749821217021000&usg=AOvVaw2wVJpeqrfmHM2eE4pgm37n">https://doi.org/10.1002/jaa2.67</a> Ijaz, Arusha, and Jisang Yu. "Recovering from natural disaster through exports: The case of 2010 Pakistan flood and EU tariff waiver on Pakistan textile exports." Journal of the Agricultural and Applied Economics Association 3, no. 1 (2024): 242-255<a href="https://doi.org/10.1002/jaa2.108" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1002/jaa2.108&source=gmail&ust=1749821217021000&usg=AOvVaw0ZRmJKbvIJzfWl4QO27EUa">https://doi.org/10.1002/jaa2.108</a> Kaplan, S. David Roland-Holst, and D. Zilberman. Environmental and Resource Economics: Theory and Practice World Scientific, 2024. <a href="https://www.worldscientific.com/worldscibooks/10.1142/13304#t=aboutBook" data-saferedirecturl="https://www.google.com/url?q=https://www.worldscientific.com/worldscibooks/10.1142/13304%23t%3DaboutBook&source=gmail&ust=1749820904150000&usg=AOvVaw0UPbc2rqSTk2ymP9PPowM0">https://www.worldscientific.com/worldscibooks/10.1142/13304#t=aboutBook</a> Krueger, E.S., T.E. Ochsner, and B.W. Brorsen. 2024. “Soil Moisture Information Improves Drought Risk Protection Provided by the USDA Livestock Forage Disaster Program.” Bulletin of the American Meteorological Society. 105(7):E1153-E1169. Lee, D., Chen, L., R.M. Rejesus, S. Aglasan, L. Connor, R. Dinterman. “Effect of Crop Insurance Participation on Agricultural Loan Delinquencies.”  Journal of the Agricultural and Applied Economics Association. Vol. 3, No. 1 (March 2024): 256-274. Lee, K., and E. Park. 2024. “Exploring Calendar Effects: The Impact of WASDE Releases in Grain Futures Market Volatility” Applied Economics Letter <a href="https://doi.org/10.1080/13504851.2024.2373337">https://doi.org/10.1080/13504851.2024.2373337</a>.   Lu, X., Y. Che, R.M. Rejesus, B.K. Goodwin, S. Ghosh, J. Paudel. “Unintended Environmental Benefits of Crop Insurance: Nitrogen and Phosphorus in Water Bodies.” Ecological Economics. Vol. 204A, No. 107657 (February 2023, Part A): 1-12. Martinez, C., P. Li, C.N. Boyer, T. E. Yu, and J.G. Maples. 2023. “Beef Price Spread Relationship with Processing Capacity Utilization.” Journal of Agricultural and Applied Economics Association 2:133-145. Martinez, C.C., C.N. Boyer, T.E. Yu, S.A. Smith, and A. Rabinowitz. 2023. “Ad Hoc Government Payments Impact on Non-Real Estate Farm Debt.” Agricultural Finance Review 83(1):83-95. Muyombo, E.D., B.W. Brorsen, E.S. Krueger, T.E. Ochsner, and A. J. Van Leuven. 2024. “Potential Use of NASA’s Soil Moisture Data as the Index for Forage Crop Insurance and Disaster Programs.” ASA-CSSA-SSSA International Annual Meeting, San Antonio, November. Niyibizi, B., B.W. Brorsen, and E. Park. 2022. “Using Bayesian Kriging for Spatial Smoothing of Trends in Nonnormal Yield Densities.” Agricultural Finance Review. 82(5): 815-827. Packer, J.*, R. Feuz, & T. McCarty. (2024). “Western Safflower Contracting Strategies”. Journal of Agricultural and Applied Economics. 56(2): 216-233. https://doi.org/10.1017/aae.2024.10 Park, E., C. N. Boyer, and C. L. Neill. “A Markov Regime Switching Event Response Model: Beef Price Spread Response to Processing Capacity Shocks.”, Empirical Economics, Published online <a href="https://doi.org/10.1007/s00181-024-02677-x" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1007/s00181-024-02677-x&source=gmail&ust=1749820904097000&usg=AOvVaw0CI-cnkyc3MIFYtiotbmm4">https://doi.org/10.1007/s00181-024-02677-x</a> 3. Park, E., A. Harri, and K. H. Coble., 2022 “Estimating Crop Yield Densities for Counties with Missing Data”, Journal of Agricultural and Resource Economics 47-3, doi: 10.22004/ag.econ.313319. Rojas, Irvin, and Jisang Yu. "A Pandemic Crossing the Border: The Impact of Covid-19 in the US on the Mexican Labor Market." Economic Development and Cultural Change 73, no. 1 (2024): 195-219 <a href="https://doi.org/10.1086/727047" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1086/727047&source=gmail&ust=1749821217021000&usg=AOvVaw0f9F3FhAXX6QxPoz0TjyqK">https://doi.org/10.1086/727047</a> Roland-Holst, David and David Zilberman.“Reusing Biomass to Address California’s Environmental and Eco- nomics Challenges.” ARE Update 28(5): 1–4. University of California, Giannini Foundation of Agricultural Economics. 2025.  Roland-Holst, David “Agriculture and Energy,” Oxford Encyclopedia of Agriculture and the Environment, Oxford University Press, London, 2022.  Roland-Holst, D. Beyond Mitigation : Quantifying the Development Benefits of Carbon Pricing, with D. Behnke and S. Heft-Neal, and R. Triolo, World Bank, 2022. <a href="https://openknowledge.worldbank.org/handle/10986/35624" data-saferedirecturl="https://www.google.com/url?q=https://openknowledge.worldbank.org/handle/10986/35624&source=gmail&ust=1749820904150000&usg=AOvVaw3b-zox4Xm96rm3aRHNIOjM">https://openknowledge.worldbank.org/handle/10986/35624</a> Schwab, Benjamin, and Jisang Yu. "Guaranteed storage? Risk and credit constraints in the demand for postharvest technology." Oxford Economic Papers (2024): gpae027 <a href="https://doi.org/10.1093/oep/gpae027" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1093/oep/gpae027&source=gmail&ust=1749821217021000&usg=AOvVaw1B9bL1OIpq3iG6k-vhjsv0">https://doi.org/10.1093/oep/gpae027</a> Thomas, Raymond J., Matthew Myers, Dustin L. Pendell, Mykel Taylor, Jisang Yu, and Amanda Tian. "Impact of Confined Animal Feeding Operations on Agricultural Land Values." Journal of the ASFMRA 2024 (2024): 147-161. Tsiboe, Francis, Dylan Turner, and Jisang Yu. "Utilizing large‐scale insurance data sets to calibrate sub‐county level crop yields." Journal of Risk and Insurance (2024) <a href="https://doi.org/10.1111/jori.12494" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1111/jori.12494&source=gmail&ust=1749821217021000&usg=AOvVaw0g7LsyD9kAmLW_FLqVNEEc">https://doi.org/10.1111/jori.12494</a> Tsiboe, F., J. Tack, and  J. Yu, 2023, Farm-level evaluation of area- and agroclimatic-based index insurance, Journal of the Agricultural and Applied Economics Association. <a href="https://doi.org/10.1002/jaa2.77" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1002/jaa2.77&source=gmail&ust=1749821217021000&usg=AOvVaw0nbcNwfmgCJbJkji-uz7C7">https://doi.org/10.1002/jaa2.77</a> Turner, D., F. Tsiboe, M. Bowman, R.M. Rejesus. “Crop Insurance Participation and Cover Crop Use: Evidence from the ARMS data.” Journal of Agricultural and Applied Economics. J. of Ag. and Applied Econ. (Forthcoming) Won, S., R.M. Rejesus, B.K. Goodwin, S. Aglasan. “Understanding the Effect of Cover Crop Use on Prevented Planting Losses.” American Journal of Agricultural Economics. Vol. 106, No. 2 (March 2024): 659-683. Yang, S., Mahmood, M., Baral, R., Wu, H., Almloff, M., Stanton, L.E., Min, D., Smiley, B.K., Iiams, J.C., Yu, J. and Im, J. "Forage conservation is a neglected nitrous oxide source." PNAS nexus 3, no. 9 (2024): pgae373 <a href="https://doi.org/10.1093/pnasnexus/pgae373" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1093/pnasnexus/pgae373&source=gmail&ust=1749821217021000&usg=AOvVaw1vmc6X0mqHZnVh9lfeUD_z">https://doi.org/10.1093/pnasnexus/pgae373</a> Yidan Chen, Jiang Lin, Xu Liu, David Roland-Holst, Can Wang,“Declining Renewable Costs, Emissions Trading, and Economic Growth: China’s Power System at the Crossroads,”  Energies, 2024.  Yu, Jisang, and Edward D. Perry. "Premium subsidies and selection in the federal crop insurance program." Journal of Agricultural Economics 75, no. 1 (2024): 280-297 <a href="https://doi.org/10.1111/1477-9552.12555" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1111/1477-9552.12555&source=gmail&ust=1749821217021000&usg=AOvVaw2CItOUhbq7AX_97KIPe2rI">https://doi.org/10.1111/1477-9552.12555</a> Yu, J., and G. Gabrielyan, 2023, Do Large Farms Make Better Choices: Evidence from Dairy Margin Coverage Program Participation Patterns, Applied Economic Perspectives and Policy,  <a href="https://doi.org/10.1002/aepp.13358" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1002/aepp.13358&source=gmail&ust=1749821217021000&usg=AOvVaw0uWeV6QfqUtclT1fN_1Meu">https://doi.org/10.1002/aepp.13358</a> Yu, Jisang, and Sunghun Lim. "Understanding inequality in US farm subsidies using large‐scale administrative data." American Journal of Agricultural Economics (2024) <a href="https://doi.org/10.1111/ajae.12462" data-saferedirecturl="https://www.google.com/url?q=https://doi.org/10.1111/ajae.12462&source=gmail&ust=1749821217021000&usg=AOvVaw3CVTnriqLiYo8RL58brcp6">https://doi.org/10.1111/ajae.12462</a> Zhang, Y., and B.W. Brorsen. 2024. “Optimal Weighting of Spatial and Time Series Information to Estimate Distributions for Crop Insurance Rating.” Selected poster. Southern Agricultural Economics Association Meeting, Atlanta, GA.