What's Happening?
Acres.com, a land intelligence platform based in Fayetteville, has announced a partnership with the Fryar Price Risk Management Center of Excellence, part of the University of Arkansas System Division
of Agriculture. This collaboration aims to expand research and outreach on agricultural risk management, focusing on land as a key component of producer strategies. Acres.com will provide the Fryar center with access to its comprehensive database of farmland sales and mortgage activities. This data will support in-depth research and the development of evidence-based solutions for producers and policymakers. The Fryar center will leverage this data to highlight key issues facing producers and deliver actionable strategies to help farmers manage volatility and uncertainty.
Why It's Important?
This partnership is significant as it aims to enhance the economic sustainability of Arkansas agriculture by providing farmers with practical risk management tools. Land accounts for a substantial portion of U.S. farmland balance sheets, and managing this asset effectively is crucial for farmers. By accessing Acres.com's extensive dataset, the Fryar center can conduct more robust risk assessments and develop mitigation strategies that directly benefit agricultural producers. This collaboration aligns with Acres.com's mission to bring transparency to land markets and supports the Fryar center's goal of strengthening producer resilience.
What's Next?
The partnership is expected to lead to the development of new strategies and tools that will be disseminated to farmers and policymakers. The Fryar center will continue to apply its expertise in risk management research to leverage the data provided by Acres.com, potentially influencing policy decisions and offering new insights into land management practices. As the collaboration progresses, it may also attract further interest from other agricultural stakeholders looking to enhance their risk management capabilities.
