Update: Boiler Up!

Many of you have already heard the news; my family and I moved to Purdue and West Lafayette IN this summer. I’m now in the Agricultural Economics department at Purdue as Associate Professor and Clearing Corporation Chair of Food and Agricultural Marketing. Today marks one month on the job, in fact, and am so excited…

Soybean Exports Update: Argentina is Buying U.S. Soybeans for the First Time in Recent Years

  This week's commodity export reports were released this morning and it was another abysmal week for sales and inspections. We are headed into the biggest weeks of the marketing year for shipments doing about half what we usually do. But we all knew that was happening. I thought it would be interesting to look…

Weekly Export Inspections of Soybeans during the 2018 Trade War with China

Photo by Ronan on Unsplash All eyes are on export sales and shipments of soybeans in the midst of the 2018 trade war. I always have my commodity price analysis students produce those ‘export pace of use’ charts as a lab assignment because it is data that is very actively followed in the commodity marketing…

You Mean I Can Get Paid to Stay in School?!?

If the title caught your attention, read on to find out how funding and money works in graduate school. Photo by Good Free Photos on Unsplash Graduate versus Professional Degree The biggest distinction in economics is between ‘traditional’ graduate degrees (which typically pay you) and ‘professional’ graduate degrees (which typically you pay for). The Professional…

Haspel’s Washington Post article: Why do taxpayers subsidize rich farmers?

Image from http://www.cgpgrey.com [CC BY 2.0], via Wikimedia Commons Tamar Haspel has an article in yesterday’s Washington Post titled, “Why do taxpayers subsidize rich farmers?” The article is a take on the USDA’s recent report “The Evolving Distribution of Payments From Commodity, Conservation, and Federal Crop Insurance Programs”“, by McFadden and Hoppe that looks at…

Incentives Matter: A Proposal to Speed up Academic Publishing

Publishing in an academic journal is a long and grueling process. But much of the length of time is spent simply waiting for reviewers - who are volunteer and unpaid - to do the hard work of determining contribution and quality of the submitted manuscript. **Edited: Thanks to @FarmerHayek and @AparnaHowlader for pointing me to…

Machine Learning and Econometrics: Model Selection and Assessment Statistical Learning Style

  This is the second in a series of posts where I document my own process in figuring out how machine learning relates to the classic econometrics one learns in a graduate program in economics. Note that I am a humble practitioner of applied econometrics, so the ideas I am working through are not new,…

How does Machine Learning fit into Agricultural Economics?

Photo by Dirk Vorderstraße (Mähdrescher von John Deere in der Warburger Börde) [CC BY 2.0], via Wikimedia Commons Post 1 in a series of 3. Post 2 : Machine Learning and Econometrics: Model Selection and Assessment Statistical Learning Style Post 3: Machine Learning and Econometrics: Trees, Random Forests, and Boosting   Machine learning and artificial intelligence…