James W. Richardson

About Dr. Richardson:
Dr. James W. Richardson, Regents Professor of Agricultural Economics and Co-Director of the Agricultural and Food Policy Center. He has research and graduate teaching responsibilities in public policy and risk analysis. Richardson’s research has attracted national recognition by emphasizing quantitative, risk based policy analyses through the use of farm-level simulation models.Evaluating the farm-level impacts of agricultural and tax policies on crop, livestock, and dairy farms is Richardson’s specialty. His research is largely responsible for the ability of AFPC to evaluate the implications of policy decisions at the farm level — the analytical dimension for which the Center is best known. As new policies are considered, their consequences are evaluated and the results are provided to policymakers, producers, producer groups, and policy analysts. More recently his research has expanded to include risk based economic feasibility of alternative renewable energy feedstocks and production systems.Richardson’s research also involves quantitatively evaluating the impacts of new technology on the economic viability of agricultural firms, farm program formulation, farm structure, and competitiveness of U.S. agriculture. Richardson developed a simulation language and data analysis package (Simetar©) for teaching risk analysis and for risk modeling.Richardson received degrees in agricultural economics from New Mexico State University and Oklahoma State University. He has received five Awards for Professional Excellence from the American Agricultural Economics Association, Lifetime Achievement awards from both the Southern Agricultural Economics Association and Western Agricultural Economics Association, the TAMU Faculty Distinguished Achievement Award for Research and for Graduate Mentoring, Southern Agricultural Economics Association Distinguished Professional Contribution Award for both Research and Extension, Deputy Chancellor’s Distinguished Performance Team Awards for both Research and Extension Education three times, College of Agriculture and Life Sciences Honor Professor, and Deputy Chancellor Award for AgriLife Research Senior Faculty Fellow, TAMU Regents Professor, two USDA Administrators Awards, and the Farm Foundation Award for Outstanding Achievement in Public Issues Education.

Research Interests:
Agricultural Policy, Risk Analysis, Simulation, Taxes, Income Analysis, and Production Economics

Teaching and Research:
Teaching responsibilities are to teach two graduate courses on risk analysis using Monte Carlo simulation techniques.  Emphasis in both courses is to teach students how to develop risk based models to analyze business decisions that include risk and how to use utility based risk ranking methods to rank alternative risk management strategies. His research responsibilities have attracted national recognition by emphasizing quantitative, risk based policy analyses through the use of farm-level simulation models. His farm level policy research is largely responsible for the ability of AFPC to evaluate the implications of policy decisions at the farm level for which the Center is best known. As Congress considers new policies, their consequences are evaluated and the results are provided to policymakers, producers, producer groups, and policy analysts. Richardson's research also involves quantitatively evaluating the impacts of new technology on the economic viability of agricultural firms, farm program formulation, farm structure, and competitiveness of U.S. agriculture. Richardson has recently developed a simulation language and data analysis package (Simetar©) for teaching risk analysis and for policy analysis modeling.

Curriculum Vitae
JR-Full-Vita-June-2017
Education

Regents Professor and TAES Senior Faculty Fellow
Co-Director of the Agriculture Food Policy Center (AFPC)
PhD (Agricultural Economics), Oklahoma State University
MS (Agricultural Economics), Oklahoma State University
BS (Agricultural Economics), New mexico State University

Academic Appointments

Titles:

Co-Director of the Agricultural and Food Policy Center, Texas A&M AgriLife Senior Faculty Fellow, and Regents Professor

Address
2124 TAMU College Station, TX 77843-2124
Personal Website