The project helps agricultural producers of all sizes and backgrounds identify the data tools that can help them manage risk and maximize profits
WASHINGTON (PRWEB) June 07, 2018
The Council of Food, Agricultural and Resource Economics and the Agricultural & Applied Economics Association (AAEA) had several representatives at the 2018 Annual Agricultural Research Exhibition and Reception.
Shannon Ferrell from Oklahoma State University and Terry Griffin from Kansas State University are representing a project funded by USDA’s National Institute of Food and Agriculture via the Southern Risk Management Education Center, as well as support through state Cooperative Extension agencies and the National Agricultural Law Center. The project provides outreach to agricultural producers to help them understand the opportunities and challenges of agricultural data.
Ferrell said the project “helps agricultural producers of all sizes and backgrounds identify the data tools that can help them manage risk and maximize profits.”
“There are many opportunities that may be derived from agricultural data, however producers need to be comfortable with the amount of risk that they undertake, the quality of the returns that they receive, and the capabilities that are enhanced regarding productivity. We help make those connections” said Griffin.
The Center for Behavioral and Experimental Agri-Environmental Research (CBEAR) is a mixture of intermural and extramural research because of its connection with the land-grant university system and the USDA Economic Research Service—the premier intermural economic research service for agricultural research. CBEAR is also exhibited at the event.
Kent Messer from University of Delaware and co-director of CBEAR, said “CBEAR partners with researchers nationwide to conduct economic experiments with ag producers and consumers across the United States, and to learn from human behavior to help programs achieve greater participation, satisfaction, and environmental outcomes, all while reducing costs.”
If you are interested in speaking with Ferrell, Griffin and/or Messer about this event, please contact Allison Scheetz in the AAEA Business Office.
ABOUT AAEA: Established in 1910, the Agricultural & Applied Economics Association (AAEA) is the leading professional association for agricultural and applied economists, with 2,500 members in more than 60 countries. Members of the AAEA work in academic or government institutions as well as in industry and not-for-profit organizations, and engage in a variety of research, teaching, and outreach activities in the areas of agriculture, the environment, food, health, and international development. The AAEA publishes two journals, the American Journal of Agricultural Economics and Applied Economic Perspectives & Policy, as well as the online magazine Choices. To learn more, visit http://www.aaea.org.