Farmers in Arkansas, Louisiana, and Mississippi pay much higher crop insurance premiums compared to those in the Midwest. Research from the University of Arkansas System Division of Agriculture shows that hurricane risks are a major factor in driving these costs.
“I began to study the price of insurance crop insurance across the United States, and what I noticed was, there were vast differences in prices between what folks in the South and primarily the Mid-South would pay versus those in the upper Midwest. One thing that I begin to think about and do some research on is what's different about the Mid-South?” said economist Hunter Biram.