Steven Klose

Areas of Expertise

• Farm Management
• Strategic Business Planning
• Risk Analysis
• Crop Insurance Policy
• Finance

Professional Summary

Steven L. Klose, Ph.D. is Professor and Extension Economist in the Department of Agricultural Economics with the Texas A&M AgriLife Extension Service and the Texas A&M University System. Dr. Klose’s primary responsibility is serving as Coordinator of the FARM Assistance program, a highly intensive extension effort to assist agricultural producers on an individual basis with strategic planning and risk management analysis. Spanning more than 20 years, FARM Assistance has been used to provide strategic decision information for over 2700 crop and livestock operations across the state of Texas. Dr. Klose’s FARM Assistance program has been recognized as a Distinguished/Outstanding Extension Program by the Agricultural & Applied Economics Association, the Western Agricultural Economics Association, and the Southern Agricultural Economics Association. Dr. Klose’s other farm management activities include topic areas of crop insurance, financial planning, strategic planning, and ag policy. He coordinates the unit’s enterprise budget publications, the Texas Custom Rates project, and serves as a contributing topic editor/coordinator for Southern Ag Today (a region-wide collaborative outreach effort of the Southern Region Extension Economists). Dr. Klose is also a member of the Agricultural and Food Policy Center and works with this group researching the implications of policy alternatives on farms and ranches across the country.

Selected Publications

Klose, Steven L., Jackie Smith, Bill Thompson, Mark Waller, Samuel Zapata, Will Keeling, Justin Benavidez, and Pancho Abello. 2020 Texas Agricultural Custom Rates. Texas A&M AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University System. July 2020.

Young, Mac, Joe Paschal, Steven L. Klose, and Greg Kaase. Profitability of Beef Cattle Best Management Practices in South Texas: Conversion from Bred Cows to Heifers for Replacements. Texas A&M AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University System, Farm Assistance Focus Series, No. 19-2, July 2019.

Klose, Steven L., Kurt M. Guidry, and Bryon J. Parman. Working with your Ag Lender in Good Times and Bad. An article in the collection “Surviving the Farm Economy Downturn,” a joint publication produced by the Southern Region Extension Economics Committee with support from the Southern Region Risk Management Education Center. August 2017.

Klose, Steven L. and Joe L. Outlaw. “Financial and Risk Management (FARM) Assistance: Decision Support for Agriculture.” Journal of Agriculture and Applied Economics,37,2 (August 2005):415-423

Richardson, James W., Steven L. Klose, and Allan W. Gray. “An Applied Procedure for Estimating and Simulating Multivariate Empirical (MVE) Probability Distributions In Farm Level Risk Assessment and Policy Analysis.” Journal of Agriculture and Applied Economics 32,2(August 2000):299-315