Arkansas Ag Economist Helps Producers Develop Risk-Management Strategies

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Paden Johnson, U of A System Division of Agriculture

Andrew Anderson, assistant professor of agricultural economics and agribusiness, joined the Division of Agriculture in August. His work focuses on investigating economic risk, with an aim to inform policy-making decisions that benefit farmers.

Weather. Markets. Global events. Farmers still have to produce the world’s food amid a world of uncontrollable factors.

“Any farmer will tell you that farming is a lot like gambling,” said Andrew Anderson, assistant professor of agricultural economics and agribusiness for the U of A System Division of Agriculture. “To be able to have policies that are created understanding that risky environment is really important.”

Anderson investigates the role of risk in decisions throughout the agricultural supply chain. He said he is hoping his research will improve policy-making…

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