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Purdue Ag Econ News
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OCTOBER 2021
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Senior honored during homecoming |
| Agricultural Economics Senior, Austin Berenda (Earl Park, IN) was awarded the Teaching and Scholarship Pillar for his mentorship work and involvement in extracurriculars during Purdue's Homecoming celebration on October 2. Read more. |
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Purdue Homecoming 2021
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| Thank you to everyone who stopped by the College of Ag tent to say hello during Purdue's 2021 Homecoming celebration! We are very thankful to Tracy Buck and our student volunteers (pictured above, left to right: Carlos Zurita, Halee Fisher, Austin Berenda, Ashley Porter) who took time out of their day to greet alumni who visited the booth. |
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Kuethe discusses the field of farmland economics and drivers of recent increase in Indiana's farmland values
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| Ken Foster and co-host Halee Fisher talk to Todd Kuethe, Associate Professor and Schrader Endowed Chair of Farmland Economics, about the field of farmland economics and results from the Purdue Farmland Values and Cash Rents Survey. Topics discussed include insights on what factors are increasing current farmland prices, the future forecast on farmland value, and the effects of COVID-19 in this market. Listen. |
Applying an environmental lens to economic decisions
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When trade wars erupt, industry shifts, and the balance of supply and demand changes, it is not just economics that is impacted; it is also, equally, the environment. Professor Farzad Taheripour's recent research examines this phenomenon. Read more. |
Annual Keeping Track newsletter now available
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Our annual Keeping Track newsletter is now available! Inside we showcase our Outstanding '20-'21 students, newest ventures, research endeavors, recent grad student placements, and more. We also catch up with a few alumni who are making moves in the industry! purdue.ag/agecnews |
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US Farm Report's college roadshow returning to Purdue on Thursday
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“The U.S. Farm Report” a syndicated television show focusing on agriculture and agribusiness, hosted by Tyne Morgan, will be filming at Purdue’s West Lafayette campus from 2-3:30 p.m. on Thursday, October 21. Filming will take place on the lawn by the Agricultural Administration Building (AGAD).
The show will feature an expert panel from the department of agricultural economics, including Jayson Lusk, Michael Langemeier, and James Mintert.
Students, faculty, staff, and the public are invited to attend and participate in the event. Attendees will have the opportunity to ask questions immediately following the taping.
Syngenta is sponsoring the event and will award a prize to the student or student group with the most school spirit.
The full show will air on October 23.
In the instance of inclement weather, the day’s events will be moved to the Deans Auditorium (Room 241) in Pfendler Hall. |
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Analytically driven Hailey Utech is being challenged to look at data differently
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“Being Dr. Gray’s research assistant has provided me the chance to work on projects with different companies and expand my knowledge using different statistical software," says Hailey Utech. "He pushes me to think deeper and from a different standpoint when analyzing data.” |
| Hailey is now entering her second year in the master’s program and has benefitted from her work with professors in the department. She is currently a graduate research assistant for Dr. Allan Gray in the Center for Food and Agricultural Business and works on the center’s Large Commercial Producer Survey, which will be the basis for her thesis. Read More. |
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CME Group University Trading Challenge
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The Boilermaker Markets Club has 12 undergraduates competing on three teams in the CME Group University Trading Challenge during the month of October. Mindy Mallory is faculty advisor to the club.
The CME Group challenge is an electronic trading competition that allows students to experience the excitement, energy and decision-making environment of real-time trading.
Teams of undergraduate and graduate students are provided an opportunity to trade a variety of CME Group products from multiple asset classes in a simulated, professional trading platform provided by CQG. The annual competition is a unique chance for students to learn hands-on techniques for trading futures.
This year's teams include:
- Team 1: Cai Chen, Josh Bailey, Jaden Retter, John Schuler
- Team 2: Emily Fuelling, Olivia Reynolds, Asa Dolbow Vann, Sydney Wiesehan
- Team 3: Grant Allyn, Sam Getz, Joe Wilhelm, Brayden Mann
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AGEC in the News
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Open faculty positions |
The Department of Agricultural Economics at Purdue has two open faculty positions. Interested applicants can view the position descriptions and learn how to apply by following the links below.
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In memorium
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Barbara Chattin, a graduate of our Department, died September 29th in Bonita, Florida. She was 75 years old. She entered the Ph.D. program with degrees in political science from Mount Holyoke and Michigan State and an MS in Economics from the University of Kansas. She finished her Ph.D. in 1982 determined to be an energy economist and ended up as a trade analyst and negotiator. |
She was director of the Uruguay Round of Negotiations on Agriculture for the U.S. Trade Representative from 1988 to 1994. She was Director for Tariff Affairs in the Trade Representative's Office from 1994 to 1999. She then became Deputy Assistant U.S. Trade Representative for market access in 2000. At the GATT negotiations in Geneva she could be seen on television sitting behind Carla Hill. In 2000 she received the Distinguished Agricultural Alumni Award from Purdue. She was throughout her career a truly dedicated and loyal public servant. She was extremely bright, full of energy, and an avid sports fan. Barbara was also just great fun to be with - when she was a graduate student and throughout her life.
There will be a memorial service for Barbara at the Castleton United Methodist Church in Indianapolis on November 18th from 1-3pm. |
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AWARDS, HONORS, APPOINTMENTS
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A team of Purdue College of Agriculture researchers, that includes Professor Ariana Torres, was awarded $10 million for the #DiverseCornBelt project. The project seeks to make Midwestern agriculture more resilient by diversifying farms, marketing and the agricultural landscape. Read more. |
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Russell Hillberry was invited to join the Purdue University Research Center in Economics (PURCE) a select group of Krannert School of Management faculty who use empirical microeconometric methods in their research. |
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The National Association of State Departments of Agriculture announced the selection of Ted McKinney as Chief Executive Officer. McKinney earned a bachelor's degree in Agricultural Economics from Purdue University in 1981. |
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DEPARTMENT SEMINARS & EVENTS
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The department will be hosting a number of guest seminars throughout the fall and spring semesters. These sessions are open to students, faculty, and staff. Below is the current schedule:- 10/15, 12-1:30 pm, Conner Mullally, KRAN # 758
- 10/29, 12-1:30 pm, Krishna Peddakur (zoom)
- 11/19, 12-1:30 pm, Christopher Carpenter (zoom)
- 12/10, 12-1:30 pm, Dean Karlan (tbd)
- 2/11, 12-1:30 pm, Mark Partridge (tbd)
All seminars will take place in Eastern time. |
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CENTER AND EXTENSION NEWS
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Purdue Food & Agribusiness Executive Summit
The 2021 Purdue Food and Agribusiness Executive Summit was a huge success with more than 45 food and agribusiness professionals in attendance September 28-30. During the summit, they focused on discovering and debating how the food and agribusiness industry can embrace agility and create more resilient markets, supply chains, firms, leaders and employees. Provost Jay Akridge was also in attendance to give the opening remarks.
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National Conference for Food & Agribusiness
The National Conference for Food and Agribusiness kicked off it’s opening session on October 8. Faculty presented insights regarding the Large Commercial Producer Survey in the topic areas of strategies for success, buying behaviors, information and salespeople, online purchasing, data and technology, and sustainability and conservation. The conference will reconvene November 2-3 to discuss implications of the survey data. If you are interested in attending, you can still register to gain access to the recording of the Oct. 8 session and join us either in-person or online Nov. 2-3. Register here. |
Recent and Upcoming Events:
In addition to the Purdue Food and Agribusiness Executive Summit and the National Conference for Food and Agribusiness, the center also hosted the Strategic Agri-Marketing program and welcomed professionals from John Deere, Syngenta and Vilmorin for custom programs focused on financial decision making, sales and marketing and leadership development over the last month.
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Consumer Corner
Check out Dr. Nicole Olynk Widmar’s Consumer Corner page on the Center for Food and Agricultural Business website for weekly consumer-derived lessons and insights from Dr. Widmar and guest experts across the industry. This month’s letters and articles include:
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MS/MBA Cohort to Begin Purdue Residency
On October 24-29, the two MS-MBA cohorts (27 in the 2020-22 cohort and 42 in the 2021-23 cohort) will be in West Lafayette for their Fall 2021 residency which will take place at the Beck Ag Center.
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Priority of goals in the family business
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When considering business goals, it would be intuitive to think that one of the most important goals would be financial. However, family businesses are located at a unique intersection of the family and business entities. Business goals can be financial or non-financial.
For the Purdue Institute for Family Business' (PIFB) September 2021 Question of the Month, they asked family businesses to rank their most important goals.
Tied for most important goal was profit and business survival, one of which is financial and one non-financial. For the second most important goal, keeping the family in the business was a clear leader, with profit ranking behind it. In family businesses, keeping that business profitable enough to survive through generations is important.
For guidance on succession-related issues or to participate in the next Question of the Month survey visit PIFB's website.
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Farmer sentiment declines in September, inflation expectations jump
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The Purdue University/CME Group Ag Economy Barometer declined in September, down 14 points to a reading of 124. With producers feeling less optimistic about both current conditions on their farming operations as well as their expectations for the future, this is the weakest farmer sentiment reading since July 2020 when the index stood at 118. The Index of Current Conditions declined 12 points to a reading of 140 and the Index of Future Expectations fell 16 points to a reading of 116. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conducted between September 27-29, 2021. Read more.
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| Monthly Corn & Soybean Outlook Webinar Series |
Each month the Center for Commercial Agriculture hosts a free webinar providing an update on the corn and soybean outlook following release of USDA’s monthly Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. The webinars review USDA reports and provide implications for the current and upcoming crop year. Corn and soybean exports, ethanol demand, corn and soybean basis, and farm income projections are also regular topics.
Upcoming webinars: |
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| Request for Proposals |
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COMMUNITY DEVELOPMENT EXTENSION -
2020 IMPACT REPORTS
University Extension leaders from the twelve North Central 1862 Land-Grant universities developed common indicators for reporting the impacts of community and economic development educational programs. The states collectively developed this report based on in-state action. |
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| Download Full Impact Report >> |
Download Executive Summary >> |
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Title: Webinar: Insights for Rural Healthcare Resilience: A Quantitative Survey Analysis
Presenter: Dr. Sarah A. Low, Associate Professor of Regional Economics and Heinkel Chair in Agriculture, University of Missouri
Date: October 28, 2021, 3-4pm ET
Description: Retaining the existing rural health care provider workforce may be an important strategy for maintaining rural health care provision. This webinar will overview research being conducted at University of Missouri and USDA ERS that examines the role of provider, workplace and community characteristics as they impact a provider’s likelihood to consider leaving a rural community. Preliminary results suggest social ties and engaging in entrepreneurship help. Results offer insights to communities and decision-makers seeking to identify ways to maintain their existing rural health care workforce.
Register for the event >> |
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GLASSNET Bi-Annual Meeting
On October 11-12, GTAP hosted the GLASSNET Bi-Annual Meeting at Purdue. The objective of the meeting was to come to a consensus on GLASSNET’s prospective contributions over the course of this five-year project. Those in attendance also discussed the April 2022 GLASSNET conference agenda being held at Purdue and solicited lead authors for key papers to be prepared for a special issue of Environmental Research Letters focusing on global-local-global analysis of sustainability challenges confronting the world’s land and water resources.
For further information about GLASSNET or the bi-annual meeting, please visit the GLASSNET website. |
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GTAP Virtual Seminar Series
Disaggregating the Vegetables, Fruits and Nuts Sector to the Tariff Line in the GTAP-HS Framework
October 26, 2021 | 12:00-12:50pm EDT
GTAP Virtual Seminar Series, Vol 2, No 4 (2021)
Featured in the Journal of Global Economic Analysis, Vol 6, No 1 (2021)
Moderator: Maksym Chepeliev, Center for Global Trade Analysis, Purdue University Speaker: Alla Golub, Center for Global Trade Analysis, Purdue University
For further information on the Center for Global Trade Analysis or the Global Trade Analysis Project, please visit: www.gtap.agecon.purdue.edu. |
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Latest News from Community Development
The mission for Purdue Extension Community Development is to strengthen the capacity of local leaders, residents and organizations to build strong, vibrant communities by using research-based resources to guide their decisions. Learn more about their programs, offerings, and catch up on the latest news on their website.
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Publications
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For a list of recent publications by faculty, staff, and students in the department of agricultural economics, visit our publications page.
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Additional Events, Programs, and Happenings
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For a list of past happenings by faculty, staff, and students in the department of agricultural economics, visit our recent endeavors page.
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Purdue AgEcon News is a monthly publication of department happenings. The publication is edited by Kami Goodwin (kami@purdue.edu).
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Purdue University
Agricultural Economics Department
403 W. State St.
Krannert Building Room 651
West Lafayette, IN 47907
765-494-4191
agecon1@purdue.edu
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