What's Happening?
Acres.com, a comprehensive land intelligence platform, 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, focusing on land as a key element in producer strategies. The Fryar Center will utilize Acres' extensive database of farmland sales and mortgages to conduct in-depth research and provide evidence-based solutions for producers and policymakers. This partnership is designed to help farmers manage volatility and uncertainty, thereby strengthening economic resilience in Arkansas agriculture.
Why It's Important?
The partnership between Acres.com and the Fryar Price Risk Management Center is significant as it addresses the growing need for data-driven approaches to agricultural risk management. With land accounting for a substantial portion of U.S. farmland balance sheets, accurate data is crucial for farmers who manage risk through ownership, rental agreements, and using land as collateral. This collaboration is expected to provide actionable strategies that can help farmers navigate market volatility, weather changes, and policy shifts, ultimately supporting the economic sustainability of agriculture in Arkansas.
What's Next?
The partnership is set to enhance the Fryar Center's capacity to conduct risk assessments and develop mitigation strategies that benefit Arkansas agricultural producers. As the collaboration progresses, it is anticipated that the insights gained will inform policymakers and provide practical risk management information for farmers. This could lead to broader applications of the research findings across the agricultural sector.
