Agribusiness and Applied Economics

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Grant submitted to FM Diversion Authority

nancy hodur Dr. Saleem Shaik Dean Bangsund David Saxowsky

Dr. Nancy Hodur, Research Assistant Professor in Agribusiness and Applied Economics Department, Principal Investigator, along with Dr. Saleem Shaik, Associate Professor in Agribusiness and Applied Economics Department, and Dean A. Bangsund, Research Scientist in Agribusiness and Applied Economics Department, Co-PI’s and Associate Professor David Saxowsky, in Agribusiness and Applied Economics Department, Research member, have submitted a grant proposal in the amount of $56,259 to FM Diversion Authority.

The title of the proposal is: “Ag Risk Economics Evaluation for Temporary Water Retention Easement Values and Crop Insurance”

A large issue associated with the FM Diversion pertains to compensating owners of land in the staging area south of Fargo/Moorhead whose property will be inundated when the proposed diversion is operated during a high water (flood) event.  One approach would be for the FM Diversion Authority (Authority) to buy the land outright, thereby owing the rights for temporary water storage.  Outright ownership has been rejected for several reasons.  The preference is to allow current uses for land in the staging area to continue as much as possible.  The vast majority of the land in the staging area is agricultural land, although other land use/ownership exists in the area (e.g., rural communities, railroad, and county and state roads).

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