Selected Publications

Estimating the cost of pre-harvest forward contracting corn and soybeans in Illinois before and after 2007

Forward contracting historically has been the principal risk management tool of crop farmers in the United States. We use pre-harvest …

Fine-resolution conservation planning with limited climate-change information

Climate-change induced uncertainties in future spatial patterns of conservation-related outcomes make it difficult to implement …

Price Density Forecasts in the U.S. Hog Markets: Composite Procedures

We develop and evaluate quarterly out-of-sample individual and composite density forecasts for U.S. hog prices. Individual density …

An example journal article

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An optimal hybrid emission control system in a multiple compliance period model

We characterize an optimal hybrid policy for pollutant emissions that includes a permit price ceiling and emission cap in a …

Exchange rate effect on carbon credit price via energy markets

This paper examines the impact of currency exchange rates on the carbon market. We scrutinize this effect through the European Union …

The Cost of Post-Harvest Forward Contracting in Corn and Soybeans

This study estimates the cost of forward contracting corn and soybeans for January and March delivery from 1980 through 2009. Both corn …

Implementing efficient conservation portfolio design

Modern tools for cost-effective conservation reserve site planning require the planner to have information about spatial distributions …

Volatility spillovers in U.S. crude oil, ethanol, and corn futures markets

This article analyzes recent volatility spillovers in the United States from crude oil using futures prices. Crude oil spillovers to …

How market efficiency and the theory of storage link corn and ethanol markets

This article uses the theories of market efficiency and supply of storage to develop a conceptual link between the corn and ethanol …

Optimal portfolio design to reduce climate-related conservation uncertainty in the Prairie Pothole Region

Climate change is likely to alter the spatial distributions of species and habitat types but the nature of such change is uncertain. …

Crop-Based Biofuel Production with Acreage Competition and Uncertainty

This paper examines the role of uncertain crude oil prices, uncertain crop yields, and competition for acreage on corn, soybean, and …