Meteorology Commons^™

Assessing Agricultural Risk Management Using Historic Crop Insurance Loss Data Over The Ogallala Aquifer, Julian Reyes, Emile Elias, Erin M.K. Haacker, Amy Kremen, Lauren Parker, Caitlin Rottler

Department of Earth and Atmospheric Sciences: Faculty Publications

Much of the agricultural production in the Ogallala Aquifer region relies on groundwater for irrigation. In addition to declining water levels, weather and climate-driven events affect crop yields and revenues. Crop insurance serves as a risk management tool to mitigate these perils. Here, we seek to understand what long-term crop insurance loss data can tell us about agricultural risk management in the Ogallala. We assess patterns and trends in crop insurance loss data from the U.S. Department of Agriculture Risk Management Agency. Indemnities, or insurance payments, totaled $22 billion from 1989–2017 for the 161 counties that overlie the Ogallala Aquifer. …