Department of Agricultural Economics
Agricultural and Food Policy Center
The Agricultural and Food Policy Center (AFPC) conducts analyses of the impacts of government policy proposals and/or implementation procedures on farmers, agribusiness's, taxpayers, and consumers.
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Markets and Information Economics Faculty

Bessler, David A.
Recent Research:
Applied decision analysis, especially as it contributes to understanding agricultural price uncertainty.
Courses Taught:
AGEC607 Research Methodology
AGEC621 Econometrics for Agribusiness
AGEC695 Frontiers in Agricultural Economics (Markets and Information section)


Capps, Jr., Oral
Recent Research:
Applied research areas include analysis of expenditure patterns of prepared foods and foods eaten away from home, analysis of health and nutrition issues, uses of scanner-derived information for managerial decision-making in food retailing, unilateral price effects of mergers and acquisitions; and analysis of regional, national, and international markets for the agricultural, agribusiness, and financial sectors.
Courses Taught:
AGEC 105 Introduction to Agricultural Economics
AGEC 661 Applied Econometric Methods in Agriculture
AGEC 671 Fundamentals in Agribusiness and Managerial Economics


Davis, George C.
Recent Research:
Demand analysis, marketing, and econometric modeling.
Courses Taught:
AGEC 447 Agricultural Prices
AGEC 635 Consumer Demand Analysis for Food and Agricultural Products


Jin, Yanhong
Recent Research:
Applied microeconomics, industrial organization, and marketing.
Courses Taught:
AGEC 317 Economics Analysis for Agribusiness and Management
AGEC 636 Agribusiness Markets and Applied Welfare Analysis


Leatham, David J.
Recent Research:
Financial decision making, especially in a risk/return framework where optimal decisions depend on an individual's risk/return preference; improving the ability of financial intermediaries to provide credit to farmer’s and ranchers (agricultural credit), specifically, (1) designing and evaluating financial derivatives that can be used by agricultural lenders to manage interest rate risk, (2) improving credit assessment models, and (3) assessing the impact of deregulation and structural changes on agricultural lender’s ability and willingness to provide credit to agricultural firms.
Courses Taught:
AGEC 330 Financial Management in Agriculture
AGEC 671 Fundamentals in Agribusiness and Managerial Economics


Love, H. Alan
Recent Research:
Measuring effects of market concentration in domestic and international agricultural markets on producers and consumers.
Courses Taught:
AGEC 618/INFO 618 E-Commerce: Auctions, Contracts and Exchanges
AGEC 636 Agribusiness Markets and Applied Welfare Analysis
AGEC 672 Fundamentals in Markets and Information Economics


Nayga Jr., Rodolfo M.
Recent research:
Economics of food quality; how emerging consumer issues affect food and nutrient consumption/demand and public policies, i.e., GMOs, irradiated foods, health claims, nutritional label use and diet quality, obesity, intra-household time/resource allocation and children's dietary behavior, and food away from home and prepared foods.
Courses Taught:
AGEC414 Agricultural Market Analysis


Ng, Desmond
Recent research:
Agribusiness and strategic management
Courses Taught:


Outlaw, Joe L.
Recent Research:
Agricultural policy and risk management.
Extension Programs:
Co-coordinator of the Financial and Risk Management (FARM) Assistance program that provides one-on-one strategic planning and feasibility analyses for farmers and ranchers.


Penson, John B.
Recent Research:
Finance and the macroeconomics of agriculture, with a special focus in credit analysis.
Courses Taught:
AGEC 105 Introduction to Agricultural Economics
AGEC 430 Macroeconomics of Agriculture


Richardson, James W.
Recent Research:
Evaluating the farm-level impacts of agricultural and tax policies on crop, livestock, and dairy farms; 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.
Courses Taught:
AGEC 429 Agricultural Policy
AGEC 622 Agribusiness Analysis and Forecasting
AGEC 643 Applied Simulation in Agricultural Economics


Rosson III, C. Parr
Recent Research:
International trade and marketing.
Courses Taught:
AGEC 452 International Trade and Agriculture


Williams, Gary W.
Recent Research:
International agricultural trade, agricultural policy, marketing and price analysis, and quantitative research methods.
Courses Taught:
AGEC 652 Food and Agricultural International Trade Analysis


Wu, Ximing
Recent Research:
Econometrics, empirical industrial organization, development and labor economics.
Courses Taught:
AGEC 317 Economic Analysis for Agribusiness and Management