Bishop received a B.S. in agricultural education at Berea College, Berea, Kentucky, in 1946; an M.S. in agricultural economics from the University of Kentucky in 1948; and a Ph.D. in economics from the University of Chicago in 1952.

Regarded as one of the leading educational authorities in the field of agricultural economics, Bishop spent 20 years as a faculty member at North Carolina University. Before coming to campus, he was the vice president of the University of North Carolina for four years. He also participated in numerous assignments for the ferderal government and nationally-based agricultural and educational organizations.

During his tenure on campus, he oversaw a major academic reorganization. He left in 1974 to become the president of the University of Arkansas.

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