Professional Interests

• Pricing commodity options when futures prices exhibit time-varying volatility
• Capital gains and effective tax rates
• Income probability distributions with commodity options
• Price level risk management with commodity options
• The approximating ability of the mean-variance model for truncated probability distributions
• Analysis of land values and financing decisions
• Production and hedging decisions of firms using commodity contracts
• Testing for time-varying risk premium in returns to U.S. farmland
• Optimal rollover hedging on futures markets
• Pricing Farmer Mac securities using option valuation techniques
• Impacts of lender-borrower relationships on loan approval
• Agricultural finance issues
• Agricultural marketing and price analysis issues