Volatile weather patterns, fueled by climate change, geopolitical strife like the Russian invasion of Ukraine, spiraling commodities markets, and other factors impact farmers each season. They have to weigh these risk factors when deciding what crops to grow.
A new economist with the University of Arkansas System Division of Agriculture is doing research to help farmers assess those risks.
“Any farmer will tell you that farming is a lot like gambling,” said Andrew Anderson, assistant professor of agricultural economics and agribusiness for the University of Arkansas System Division of Agriculture. “To be able to have policies that are created understanding that risky environment is really important.”