With colleagues, Dr. Low and Dr. John Kruse received $1.425 million to form a policy research center at the University of Missouri focused on agricultural and rural finance. Through a cooperative agreement funded by USDA’s Office of the Chief Economist, the team will develop models for projecting agricultural finance conditions at the state or regional level, explore and communicate how farm policies will impact agricultural and rural economies by state, and serve as a national resource on agricultural and rural finance topics.

The new center will align with the university’s Food and Agricultural Policy Research Institute (FAPRI), which annually develops baseline projections for agricultural markets, farm program outlays, national farm financial indicators and consumer food prices.

“The new center will fill a gap in analyzing agricultural markets and policy issues at the regional and state levels,” Dr. Low says. “By developing forward-looking estimates that evaluate how agricultural and rural economies respond to various policies and market conditions, the center will offer farmers, lenders, agribusinesses and policymakers the insights they need to make more informed decisions.”

Watch for more information about the center’s launch in the coming months!