ALAN E. BAQUET

EDUCATION:

• Ph.D., Production Economics/Farm Management,Michigan State University, 1978
  -Minor Fields:  Economic Theory, Systems Science
  -Dissertation:  A Theory of Investment and Disinvestment Including Optimal Lives, Maintenance and Usage Rates for Durables. (Selected as departmental outstanding Ph.D. thesis, 1978; submitted to national competition.)
• M.S., Agricultural Economics, Oregon State Unviersity, 1973
  -Minor Fields:  Statistics -Thesis Title:  An Economic Evaluation of Frost Forecasting in Jackson County, Oregon. (Selected as departmental outstanding M.S. thesis in 1973; submitted to national competition.)
• B.S., Agricultural Business, Montana State University, 1971
  -Honors and Awards:  Phi Eta Sigma, Alpha Zeta, Phi Kappa Phi; Advanced Honor Scholarship, 1968; Outstanding Senior in Agricultural business, 1971.

EMPLOYMENT HISTORY:

Academic:

• District Director, South Central Research and Extension Center, University of Nebraska-Lincoln, Clay Center, Nebraska (March 1998 - present)

• Professor and Assistant Department Head, Department of Agricultural Economics and Economics, Montana State University, Bozeman, MT (July 1996 - February 1998)

• Associate Professor, Department of Agricultural Economics and Economics, Montana State University, Montana State University, Bozeman, MT (January 1986 - June 1996)

• Adjunct Associate Professor, Department of Agricultural Economics and Economics, Montana State University, Montana State University, Bozeman, MT (March 1985 - December 1985)

• Assistant Professor, Agricultural Economics, Oklahoma State University, Stillwater, OK (June 1977 - June 1982)

• Graduate Research Assistant, Department of Agricultural Economics, Michigan State University, East Lansing, MI (January 1974 - June 1977)

• Graduate Research Assistant, Department of Agricultural and Resource Economics, Oregon State University, Corvallis, OR (September 1971 - November 1973)

Private Sector:

• Secretary/Treasurer, North American Livestock Management Company, Bozeman, MT (August 1984 - December 1986)

• Sales Manager, Valmont of Montana, Belgrade, MT (June 1983 - March 1986)

• Vice-president, Choice Computer Corporation, Dallas, TX (June 1982 - June 1983)

• Economic Consultant, Electrical Power Research Institute, Palo Alto, CA (January 1976 - June 1977)

HONORS AND AWARDS:

• Awarded the Rhone-Poulenc, National Association of Wheat Grower's "Excellence in Extension Award," June 1995
• Outstanding Faculty Award, College of Agriculture, Montana State University, 1993
• Mortar Board Professor of the Month, Montana State University, November 1985
• Ph.D. Dissertation, entitled "A Theory of Investment and Disinvestment Including Optimal Lives, Maintenance and Usage Rates for Durable," selected as departmental outstanding Ph.D. thesis, 1978; also submitted for national competition.
• M.S. Thesis, entitled "An Economic Evaluation of Frost Forecasting in Jackson County, Oregon," selected as departmental outstanding M.S. thesis in 1973; also submitted for national competition.
• Phi Eta Sigma, Alpha Zeta, Phi Kappa Phi; Advanced Honor Scholarship, 1968; Outstanding Senior in Agricultural Business, 1971.

GRANTS/EXTRAMURAL FUNDING:

In excess of $1,000,000 in grant funding has been secured to support education and applied research.

• Managing Catastrophic Risks in the Farm and Food System and Rural Communities, Fund for Rural America Center Planning Grant, $24,900. (With Jerry Skees, University of Kentucky; Roy Black, Michigan State University; Barry Barnett, Mississippi State University; and Mario Miranda, The Ohio State University.)
• The Feasibility of Canola and Field Peas in a Wheat and Barley Rotation, 1997, General Mills, Inc. $24,155.
• Cost of Production-Based Revenue Insruance: A Pilot Project, 1995, USDA-ERS, $99,334 (with J. Atwood and M. Watts).
• A Combined crop Approach to Whole Farm Insurance: Development of a Pilot Program, 1995, USDA-ERS, $216,049 (with J. Atwood and M. Watts).
• Educational Program on Risk Management and the Crop Insurance Reform Act of 1994, 1995, USDA-ERS, $80,593.
• An Investigation of the Insurability of Pasture Land, 1995, USDA-ERS, $60,400 (with M. Watts).
• Best Management Practices for Wheat Producers, 1994, National Assoc of Wheat Growers, $32,500.
• Crop Insurance Reform Act Education in the Western U.S., 1994 USDA-FCIC, $68,520.
• Crop Insurance, Moral Hazard, and Environmental Impacts, 1994, USDA-FCIC, $13,750 (with V. Smith).
• Analysis of Farmer Response to GRP Insurance, 1994, USDA-FCIC, $8,100 (with V. Smith).
• The Role of GRP for Montana Producers, 1993 Montana Wheat and Barley Committee, $18,000 (with V. Smith).
• Whole Farm Insurance, 1993, FCIC/USDA, $34,000 (with J. Atwood and V. Smith).
• Expanded GRP Education, 1993, ERS/USDA, $102,000.
• GRP Education for Wheat Producers, 1993, ERS/USDA, $42,000 (with M. Watts).
• The Role and Importance of New Initiatives in Multiple Peril Corp Insurance to Montana Producers, 1992, Montana Wheat and Barley Committee, $15,000 (with V. Smith).
• Marketing and Risk Management Education II, 1992, Montana Wheat and Barley Committee, $7,500 (with D. Bullock).
• THe Use of Multiple Peril Crop Insurance in Semi-Arid Regions, 1992, ERS/USDA, $104,800 (with M. Watts).
• Marketing and Risk Management Education, 1991, Montana Wheat and Barley Committee, $12,500 (with D. Bullock).
• The Role and Importance of Crop Insurance to Montana Producers, 1990, Montana Wheat and Barley Committee, $15,000 (with V. Smith).
• LISA Enterprise Budgeting Project, 1989, ERS/USDA, $2,000 (with J. Johnson and D. Griffith).
• Training on Crop Insruance and Risk Management, 1989, ERS/USDA, $8,950.

RESEARCH/PUBLICATIONS:

Refereed Journal Articles:

• Atwood, Joseph A., Myles J. Watts, and Alan E. Baquet. "An Examination of the Effects of Price Supports and Federal Crop Insurance Upon the Economic Growth, Captial Structure, and Financial Survivability of Wheat Growers in the Northern High Plains." American Journal of Agricultural Economics 78(1): 212-224.

• Smith, Vincent H. and Alan E. Baquet. "The Demand for Multiple Peril Crop Insurance: Evidence from the Great Plains." American Journal of Agricultural Economics 78(1): 189-201.

• Smith, Vincent H., Hayley H. Couinard, and Alan E. Baquet. "Almost Ideal Area Yield Crop Insurance Contracts." Agricultural and Resource Eocnomics Review (April 1994): 75-83.

• Baquet, Alan E. and Jerry Skees. "Group Risk Plan Insurance: An Alternative Risk Management Tool for Farm Managers." Choices, First Quarter (1994).

• Epplin, Francis M., Thomas F. Tice, Alan E. Baquet, and Steven J. Handke. "Impacts of Reduced Tillage on Operating Inputs and Machinery Requirements." American Journal of Agricultural Economics, 64(5): 1039-1046 (December 1982).

• Baquet, Alan E., Albert N. Halter, and Frank S. Conklin. "The Value of Frost Forecasting: A Bayesian Appraisal." American Journal of Agricultural Economics, 58(3): 511-520 (August 1976).

Research Bulletins and Other Reviewed Publications:

• Baquet, Alan E. and Kenneth Harrison. "Crop Insurance Products: Additional Purchase Alternatives Coverage." Risk Management Manual: Instructor's Materials, January 1996.

• Baquet, Alan E. "Optimizing Crop Insurnce Coverage." Risk Management Manual: Instructor's Materials, January 1996.

• Baquet, Alan E. (Spring 1995). "Agricultural Forecast." Montana Business Quarterly, 33(1): 9-11.

• Baquet, Alan E. (Spring 1994). "Farm Financial Standards." Cattle Producers' Library, University of Idaho.

• Baquet, Alan E. (Spring 1994). "NCA-IRM Standard Performance Analysis." Cattle Producers' Library, University of Idaho.

• Baquet, Alan E. (Fall 1994). "Partial Budgeting." Cattle Producers' Library, University of Idaho.

• Baquet, Alan E. and Fred J. Benson. (November 1994). "Risk Concepts and Sources of Risk." Risk Managmeent-Crop Insurance Reform, Chapter 5. USDA-FCIC and USDA-CES.

• Baquet, Alan E. and Fred J. Benson. (November 1994). "Measuring Risk." Risk Managmeent-Crop Insurance Reform, Chapter 7. USDA-FCIC and USDA-CES.

• Baquet, Alan E. and Ken Harrison. (November 1994). "Crop Insurance Products." Risk Managmeent-Crop Insurance Reform, Chapter 8. USDA-FCIC and USDA-CES.

• Smith, Vincent H., Hayley H. Chouinard, and Alan E. Baquet. (Fall 1994). "Comparing Alternative Area and Multiple Peril Crop Insurance Contracts." Montana Ag Research. (1994): 36-40.

• Baquet, Alan E. (November 1994). "Economics of BMPs." Best Management Practicies for Wheat Producers. National Association of Wheat Growers.

• Baquet, Alan E., Fred J. Benson, H. Douglas Jose, Daniel B. Smith, and Donald A, West, eds. (November 1994). "Risk Management-Crop Insurance Reform: Instructor's Materials." Federal Crop Insurance Corporation, United States Department of Agriculture.

• Baquet, Alan E., Fred J. Benson, H. Douglas Jose, Daniel B. Smith, and Donald A, West, eds. (November 1994). "Risk Management-Crop Insurance Reform: Extension Educators Packet." Federal Crop Insurance Corporation, United States Department of Agriculture.

• Cash, Dennis and Alan E. Baquet. (Fall 1993). "An Overview of Canola and Other Brassica Crops." Montana Ag Research.

• Smith, Vincent H. and Alan E. Baquet. (Spring 1993). "The Role and Improtnce of Multiple Peril Crop Insurance: Evidence form the Great Plains." Montana Ag Research.

• Baquet, Alan E. and Vincent H. Smith. (January 1991). "The Role and Importance of Multiple Peril Corp Insurance to Montana Producers." Big Sky Economics.

• Johnson, James B., Alan E. Baquet, M. Steve Stauber, and David W. Bullock. (January 1991). "commodity Provisions of the 1990 Farm Bill: Initial Analyses of Impacts on Montana Grain Farms." Staff Paper 91-1, Department of Agricultural Eocnomics and Economics, Montana State University. Bozeman, MT.

• Baquet, Alan E. and James B. Johnson. (November 1990). "How to Estimate Machinery costs." EB93, Cooperative Extension Service, Montana State University. Bozeman, MT.

• Baquet Alan E. (August 1990). "Multiple Peril Crop Insurance, What is It?" EB73, Cooperative Extension Service, Montana State University. Bozeman, MT.

• Goetting, Marsha A. and Alan E. Baquet. (May 1990). "Using Living Trusts for Estate Planning." Montana Farmer-Stockman and Prarie Star.

• Willett, Gayle, Paul Patterson and Alan E. Baquet. (May 1990). "Natural Disaster Protection Policy Options for the 1990 Farm Bill." Montana Farmer-Stockman

• Baquet, Alan E. and Vincent H. Smith. (September 1989). "Fee Hunting, Public Lands, nd Opportunities for Diversification in Montana Farm/Ranch Operations." Big Sky Economics, Cooperative Extension Service, Montana State University. Bozeman, MT.

• Johnson, James B. and Alan E. Baquet. (February 1989). "Crop Disaster Assistance: Will It Pay More than Livestock Assistance?" MOntana Farmer-Stockman.

• Lindstrom, James, Alan E. Baquet, and James B. Johnson. (November 1988). "Conservation Compliance--The Need for Conservation Planning and Economic Evaluation: A Handbook on Conservation Compliance." Unnumbered publication, Cooperative Extension Service, Montana State University. Bozeman, MT (in collaboration with the Montana Soil Conservation Service).

• Johnson, James B., Alan E. Baquet, Duane A. Griffith, and Myles J. Watts. (1988). "Setting Maximum Acceptable Rental Rates for the County According to Criteria Specified in CRP-92." Staff Paper 88-15, Department of Agricultural Economics and Economics, Montana State University, Bozeman, MT.

• Baquet, Alan E. (June 1988). "Implications of the Tax Reform Act of 1986 for Raising Replacement Heifers." Big Sky Economics, Cooperative Extension Service, Montana State University, Bozeman, MT.

• Baquet, Alan E. (June 1988). "A Review of Investment/Disinvestment Theory." Symposium honoring retirement of Glenn L. Johnson. Montana State University, Bozeman, MT.

• Baquet, Alan E. (Revised June 1988). "Tax Implications of Drought Sales of Livestock." Range Livestock Drought Guide, Cooperative Extension Service, Montana State University, Bozeman, MT.

• Baquet, Alan E. and James B. Johnson. (1988). "Cost and Return Budgets for Irrigated Crops." EB26, Cooperative Extension Service, Montana State University, Bozeman, MT.

• Baquet, Alan E. and James B. Johnson. (1988). "Drought Aid Information: A Preliminary Analysis." Staff Paper 88-9, Department of Agricultural Economics and Economics, Montana State University, Bozeman, MT.

• Baquet, Alan E. (December 1987). "Impact of Tax Reform Act of 1986 on Field Crop Producers." The Tax Reform Act of 1986. Harry W. Ayer and Gayle S. Willet, eds. WREP 106.

• Johnson, James B., Alan E. Baquet, and Myles J. Watts. (1987). "Fallow Economics." Crops and Soils Magazine. American Society of Agronomy. 27-29.

• Johnson, James B., Alan E. Baquet, Calvin Miller, and Myles J. Watts. (October 1986). "The Economics of Alternative Tillage Methods and Cropping Systems: Major Land Resource Area 53A, Northeast Montana." CES Bulletin 1350, Montana State University, Bozeman, MT.

• Johnson, James B., Alan E. Baquet, Calvin Miller, and Myles J. Watts. (October 1986). "The Economics of Alternative Tillage Methods and Cropping Systems: Major Land Resource Area 58A, Northeast Montana." CES Bulletin 1351, Montana State University, Bozeman, MT.

• Baquet, Alan E. (December 1986). "The Tax Reform Act of 1986." CES Leaflet 355, Montana State University, Bozeman, MT.

• Baquet, Alan E. (January 1986). "Microcomputer Usage in Agriculture." Presented at the 1986 International Stockmen's School. San Antonio, TX 8-13 Jan. [Also appeared in the Beef Cattle Science Handbook 20, Frank Baker and Mason Miller eds. Morriltion,AR: Winrock International.]

• Baquet, Alan E. (January 1986). "Computerized Records and Decision Making." Presented at the 1986 International Stockmen's School. San Antonio, TX 8-13 Jan. [Also appeared in the Beef Cattle Science Handbook 20, Frank Baker and Mason Miller eds. Morriltion,AR: Winrock International.]

• Baquet, Alan E. (November 1983). "An Introduction to Microcomputers in Agriculture." Presented at Comp-U-Cattle II, seminar on computers in agriculture sponsored by CALF magazine. Las Vegas, NV.

• Baquet, Alan E. (January 1983). "Microcomputers in Agriculture." Presented at the 1983 annual convention of the National Cattlemen's Associatio. Las Vegas, NV.

• Baquet, Alan E. (March 1981). "Effects of Uncertainty on Energy Supply Response." Chapter II in: Theoretical and Practical Models for Investment and Disinvestment Decision Making Under Uncertainty in the Energy Supply Industry. Lindon J. Robison and Michael H. Abkin, eds. Agricultural Economics Report No. 390, Michigan State University, East Lansing, MI.

• Baquet, Alan E. (March 1980). "Effects of Uncertainty on Energy Supply Response." Presented at conference on energy supply. Jointly sponsored by the Electrical Power Research Institute and Michigan State University, East Lansing, MI.

• Baquet, Alan E. and Kim B. Anderson. (June 1979). "An Analysis of Proposed Changes int he Grades and Stadards for Feeder Cattle." Current Farm Economics, 13.

• Baquet, Alan E. and Kim B. Anderson. (May 1979). "Comment: An Analysis of Proposed Changes in the Grades and Standards for Feeder Cattle." Comment paper submitted to the US Department of Agriculture.

• Baquet, Alan E. (May 1978). "The History of Economic Thought on the Theory of Investment and Disinvestment." Proceedigns of Workshop on Capital Investment Decisions. EPRI WS-77-18.

• Baquet, Alan E. (May 1978). "An Economic Theory of Investment and Disinvestment." Proceedigns of Workshop on Capital Investment Decisions. EPRI WS-77-18.

• Conklin, Frank S., Alan E. Baquet, and Albert N. Halter. (May 1977). "A Bayesian Approach for Estimating the Value of Information: An Application to Frost Forecasting." Technical Bulletin No. 136, Agricultural Experiment Station, Oregon State University, Corvallis, OR.

• Baquet, Alan E. (July 1975). "Further Explorations of the User Cost Problem in Economic Theory." Agricultural Sector Analysis. Working Paper 75-1, Michigan State University, East Lansing, MI.

Papers in Progress:

• Watts, Myles J., Alan E. Baquet, and Joseph A. Atwood. "Interest Rate Risk Premiums and Credit Availability." Under revision for submission to the Journal of Law and Economics.

• Buschena, David E., Michael J. Roberts, and Alan E. Baquet. "Experimental Measurements of Risk Attitudes: Similarity and Context Effects." To be submitted to Econometrica.

Professional Association Papers:

• Smith, Vincent H., Hayley H. Chouinard, and Alan E. Baquet. (August 1994). "Almost Ideal Area Yield Crop Insurance Contracts." Selected paper presented at the AAEA annual meetings.

• Smith, Vincent H. and Alan E. Baquet. (August 1993). "The Demand for Multiple Peril Crop Insurance: Evidence from the Great Plains." Selected paper presented at the AAEA annual meetings.

• Baquet, Alan E. (July 1987). "Reactions to Developing Financial Decision Aids: Research and Extension Interactions." Proceedings of Extension AAEA Preconference, East Lansing, MI.

• Anderson, Kim B. and Alan E. Baquet. (August 1980). "An Economic Evaluation of Feeder Cattle Grading Systems." Contributed paper presented at the AAEA annual meetings.

• Baquet, Alan E. (July 1980). "Production, Investment and Disinvestment Theory." Contributed paper presented at the WAEA annual meetings.

• Anderson, Kim B. and Alan E. Baquet. (April 1980). "An Analysis of the Feeder Cattle Grades and Standards." Paper presented at the Shouthern Regional Livestock Research Committee Meetings.

• Baquet, Alan E. (September 1979). "A Theory of Production, Investment and Disinvestment." Contributed paper presented at the 17^th Conference of the International Association of Agricultural Economists.

• Baquet, Alan E. and James N. Trapp. (November 1978). "The Hides and Leather Industry: Problems and Prospects." Paper presented to the Oklahoma Academy of Science.

• Baquet, Alan E. (August 1978). "A Methodology for Durable Asset Replacement Decision Making." Contributed paper presented at the AAEA annual meetings.

• Baquet, Alan E. (August 1977). "An Economic Theory of Production, Investment and Disinvestment." Contributed paper presented at the AAEA annual meetings.

TEACHING AND EXTENSION PROGRAMS:

• Numerous Undergraduate and Graduate Classes have been taught, including:
  AgEcon 103 - Introduction to Agricultural Economics (MSU)
  Econ 101 - Introduction to Economics (MSU)
  AgEcon 321 - Agricultural Marketing (MSU)
  AgEcon 341 - Farm and Ranch Management (MSU)
  AgEcon 345 - Agricultural Financial Management and Analysis (MSU)
  AgEcon 5103 - Mathematical Economics (OSU)
  AgEcon 6100 - Introduction to Systems Analysis (OSU)

   

• Extension Education Programs
  Over 75 different programs have been developed and delivered.  This constitutes more than 700 hours of educational presentation time.
  Selected Program Titles Crop Insurance Refrom
  Best Management Practices for Wheat Producers
  Agricultural Lease Arrangements
  Managing Production and Marketing Risks
  Flexcrop Alternatives Under the 1990 Farm Bill
  Tax Management for Agricultural Producers
  RetirementPlanning for Farm Families
  Farm Record Keeping for Farm Wives
  Enterprise Budgeting for IPM Cooperators
  

COMMITTEES/SERVICE:

Committees:

• AES/CES
  MSU Representative to the USDA Task Force on developming the State's Strategic Rural Development Plan (1997)
  College of Agriculture Distance Delivery Strategic Planning Committee (1997)
  College of Agriculture Computer Information Services Advisory Committee (1997)
  Western Beef Extension Resource Committee, Finance Section Chair, (1992-Present)
  Western Farm Management Extension Committee (1986-Present)
  Cooperative Extension Annual Program Planning Committee (1994, 1995)
  College of Agriculture Centennial Committee (1992-93)
  College of Agriculture Promotion and Tenure Committee (1990)
  College of Agriculture Annual Conference Committee (1990)
  National Farm Income Tax Committee (1987-1990)
  Cropping System Task Force (1986-1990)

   

• Departmental
  Departmental Representative to Faculty Council (1997)
  Departmental Search Committee Chair for several clerical/secretarial positions
  Departmental Search Committee Chair for Accounting Technician position (1996)
  Departmental Search Committees for various faculty search committees
  Department of Agricultural Economics and Econmics, Department Head Advisory Committee (1986-1987, 1988-1989, and 1993-1994)
  Department of Agricultural Economics and Econmics, Ad Hoc Committee on Standing Committees and Faculty Evaluation (1987)
  Department of Agricultural Economics and Econmics, Resident Instruction Committee (1993-1994)

Service:

• Reviewer of Manuscripts for American Journal of Agricultural Economics
• Reviewer of Manuscripts for North Central Journal of Agricultural economics
• Reviewer of Manuscripts for Western Journal of Agricultural Economics
• Member of AAEA Nominating Committee (1988-1989)
• Member of AAEA Information Retrieval Committee (1988-1989)
• Reviewer for AES project MONB00304, "Physiology of Plan Resistance to Environmental Stress" (1987)

MEMBERSHIP IN ORGANIZATIONS:

• American Agricultural Economics Association
• Western Agricultural Economics Association
• Epsilon Sigma Phi
• Western Public Policy Education Committee

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Last modified: May 05, 1998