As climate change increases the frequency of drought, excessive rainfall and other extreme-weather events, farmers face growing uncertainty about crop production. Understanding how farmers perceive and respond to that uncertainty can help improve agricultural policy and climate-adaptation strategies. A new study from the University of Illinois Urbana-Champaign and Michigan State University examines farmer risk preferences when dealing with climate impacts.
Famer climate-risk aversion calculated
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Standing water caused by flooding and severe storms remains April 23 near Beloit, Wis.
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