A new study by agricultural economics experts from Texas A&M AgriLife and Virginia Tech makes a strong case for using historical weather information in crop insurance programs for even more accurate policy pricing.The study “Incorporating historical weather information in crop insurance rating,” authored by Yong Liu, Ph.D., a Texas A&M AgriLife Research agricultural economist, was recently published online in the American Journal of Agricultural Economics. It was co-authored by Ford Ramsey, Department of Agricultural and Applied Economics, Virginia Tech.About crop insurance ratesIn the U.S. federal crop insurance program, a key principle in the design of crop insurance policies is that ...