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Nicholas D. Paulson
Curriculum Vita, September 2008

437 Mumford Hall, MC-710
1301 West Gregory Drive
Dept. of Agricultural and Consumer Economics
University of Illinois at Urbana-Champaign
Urbana, Illinois 61801
Ph: (217) 333-1812
Fax: (217) 333-5538
Email: npaulson@illinois.edu

Website: http://www.farmdoc.uiuc.edu/Paulson


RESEARCH INTERESTS

Agricultural finance and risk management, financial planning, crop insurance, decision making under uncertainty, agriculture policy, biofuels.

EDUCATION

Ph.D. Economics, Iowa State University
    Dissertation: Three Essays on Risk and Uncertainty in Agriculture
    Co-Major Advisors: Bruce A. Babcock and Dermot J. Hayes
    Fields of Specialization: Agricultural Economics, Financial Economics, and International Economics

2007

M.S. Economics, Iowa State University
    Thesis: Insuring Uncertainty in Value-Added Agriculture: Ethanol Production
    Major Advisors: Roger G. Ginder

2004
B.S. Agricultural Systems Technology, Iowa State University 2002


CURRENT POSITION

Assistant Professorem
Department of Agricultural and Consumer Economics
University of Illinois at Urbana-Champaign


PREVIOUS POSITIONS

Post-doctoral Research Assistant
Center for Agricultural and Rural Development
Department of Economics
Iowa State University


2007
(Mar-July)

Graduate Research Assistant
Department of Economics
Iowa State University

2002-2007

Graduate Teaching Assistant
Department of Economics
Iowa State University

2005

Consultant
AgRisk Management
Ames, IA

2003- 2007


TEACHING EXPERIENCE

ACE 345: Financial Decision-Making
University of Illinois at Urbana-Champaign

2008

ACE 562 and 564: Applied Regression Models I and II
University of Illinois at Urbana-Champaign

2008

ACE 340: Agricultural Finance
University of Illinois at Urbana-Champaign

2007

Econ 572: Advanced Econometrics
TA for Professor Wallace Huffman
Iowa State University

2005


PUBLICATIONS

N.D. Paulson and B.A. Babcock. 2008. "Get a GRIP: Should Area Revenue Coverage Be Offered Through the Farm Bill or as a Crop Insurance Program?" Journal of Agricultural and Resource Economics, 33(2): 137-153.

N.D. Paulson, B.A. Babcock, C.E. Hart, and D.J. Hayes. 2008. "An Insurance Approach to Risk Management in the Ethanol Industry. " Agricultural and Resource Economics Review, 37(1): 51-62.

B.A. Babcock and N.D. Paulson. 2007. "Crop Insurance: Inside or Outside the Farm Bill?" Iowa Ag Review, 13(1): 1-3, 9.


WORKS UNDER REVIEW

N.D. Paulson and R.G. Ginder. "The Growth and Direction of the Biodiesel Industry in the United States." Under review.

N.D. Paulson, C.E. Hart, and D.J. Hayes. 2006. "Insuring and Reinsuring Against Drought when Farm and Regional Data are Unavailable." Under review.


WORKING PAPERS


"A Comparison of Acreage and Bushel Contracts in Specialty Grain Markets." 2007. With B.A. Babcock. Unpublished manuscript, Iowa State University.

"Readdressing the Fertilizer Problem: Reconciling the Paradox." 2007. With B.A. Babcock. Unpublished manuscript, Iowa State University.

"A Bayesian and Spatial Approach to Weather Derivatives: A Framework for Developing Regions." 2006. With C.E. Hart and D.J. Hayes. Unpublished manuscript, Iowa State University.

"Insuring Uncertainty in Value-Added Agriculture: Ethanol Production." 2004. With B.A. Babcock, C.E. Hart, and D.J. Hayes. Working Paper 04-WP 360, CARD, Iowa State University.


WORKS IN PROGRESS


"Export Demand Potential in International Small Markets." Chapter 3 inUsing Distillers Grains in the U.S. and International Livestock and Poultry Industries: The Current State of Knowledge. 2008.

"Land Rental Arrangements, Crop Insurance, and Pre-Harvest Marketing Impacts on Gross Revenue Risks." 2008. With G. Schnitkey and B. Sherrick.

"Endogenous Matching of Farmers and Contractors." 2007. With A.L. Katchova and S.H. Lence.

"A Comparison of the House and Senate Farm Bill Proposals." 2007. A component of an Illinois Farm Profitability Study for Illinois Farm Bureau.

"Meta-Analysis of Beef Pharmaceutical Technologies." 2007. With M. Ibarburu and J.D. Lawrence.


GRANTS AND CONSULTING CONTRACTS


Nick Paulson (PI) and Don Uchtmann. "Assessment of the Economic Impact of New Biotech Soybeans." Thomas P. Redick and the United Soybean Board/U.S. Soybean Export Council Project No. 8052, $50,000. 2008.

Nick Paulson. "Export Demand Potential for U.S. DDGS in International Small Markets." Iowa State University and USDA, $10,000. 2008.


PRESENTATIONS


"Evaluating your ACRE Option.” 2008. Presentation at the Illinois FBFM Fall Conference, Champaign, IL (October 2008).

"ACRE and SURE.” 2008. Invited presentation for Country Bank annual meeting, Aledo, IL (August 21, 2008) and FBFM annual meeting, Champaign, IL (August 22, 2008).

"Farm Revenue Implications of the New Farm Bill.” With G.D. Schnitkey. Presented as part of the organized symposium The Future of Farm Policy: Implications of the 2008 Farm Bill at the American Agricultural Economics Association Annual Meetings, Orlando, FL (July 2008).

"Empirical Analysis of the Determinants of Marketing Contract Structures.” With A.L. Katchova and S.H. Lence. Selected paper presented at the American Agricultural Economics Association Annual Meetings, Orlando, FL (July 2008).

"A Summary of the New Farm and Energy Bills.” 2008. Invited presentation at an Ag Expo hosted by CF&H Insurance, Sullivan, IL, January 16, 2008.

"Revenue Implications of the New Farm Bill.” 2007. Component of the Illinois Farm Economic Summit Meetings held in Effingham, Bloomington, and Sycamore, IL, Dec 11-13, 2007.

"A Comparison of the House and Senate Farm Bill Proposals: Price vs. Revenue Targets.” 2007. Invited seminar presentation, October 2007, Department of Agricultural Economics, University of Missouri, Columbia, MO.

"The Effects of Uncertainty and Contract Structure in Specialty Grain Markets.” 2007. With B.A. Babcock. Selected paper presented at the AAEA Annual Meetings, July 2007, Portland, OR.

"Get a GRIP: Should Area Revenue Coverage Be Offered Through the Farm Bill or as a Crop Insurance Program?” 2007. With B.A. Babcock. Selected paper presented at the AAEA Annual Meetings, July 2007, Portland, OR. ISU Agricultural Economics Workshop, February 2007, Ames, IA.

"An Insurance Approach to Risk Management in the Ethanol Industry.” 2007. With B.A. Babcock, C.E. Hart, and D.J. Hayes. Selected paper presented at the Crop Insurance and Risk Management Workshop, Northeastern Agricultural and Resource Economics Association Annual Meetings, June 2007, Rehoboth Beach, DE.

"Searching for the Right Job: Employment Insights for Graduate Students.” 2007. ISU Seminar for Economics Graduate Students, May 2007, Ames, IA.

"A Spatial Approach to Addressing Weather Derivative Basis Risk: A Drought Insurance Example.” 2006. With C.E. Hart and D.J. Hayes. Selected paper presented at the AAEA Annual Meetings, July 2006, Long Beach, CA. ISU Agricultural Economics, April 2006, Ames, IA.

"The Growth and Direction of the Biodiesel Industry in the U.S.” 2006. With R.G. Ginder. Part of an organized symposium presented at the AAEA Annual Meetings, July 2006, Long Beach, CA.

"Insuring Uncertainty in Value-Added Agriculture: Ethanol Production.” 2004. With B.A. Babcock, C.E. Hart, and D.J. Hayes. Selected paper presented at the Southwestern Economics Association Annual Meetings, March 2005, New Orleans, LA.


PREFESSIONAL SERVICE AND LEADERSHIP


Reviewer
      American Journal of Agricultural Economics
      Agricultural and Resource Economics Review
      Review of Agricultural Economics
      Journal of Agricultural and Applied Economics
      AAEA Annual Meetings Abstract Reviewer

Department/College Committees
      Illinois Coop Council, University of Illinois Representative, 2008-
      Department Head Search Committee (UIUC), 2008/09
      Extension Programs Committee (UIUC), 2007-2009
      Ag Marketing Search Committee (UIUC), 2007/08
      Undergraduate Student Advising (UIUC), 2007-
            25-30 undergraduate advisees
      Graduate Programs Committee, Grad Student Rep. (ISU), 2006

Press Contacts
      Interview with Dan Calabrese, Transport Topics, November 2007
      Interview with Martin Ross, Farmweek, October 2007
      Interview with Phil Zahodiakin, Kiplinger’s Biofuels Market Alert, October 2007

Professional Memberships
      American Agricultural Economics Association
      American Economic Association
      Western Agricultural Economics Association
      Southern Agricultural Economics Association
      Northeastern Agricultural and Resource Economics Association
      Roy J. Carver Biotechnology Center

Other
      Economics Graduate Student Association President (ISU), 2004-2006
      Graduate Student Senate (ISU), 2006
      AAEA Annual Meetings Session Moderator, 2008


OTHER HONORS AND AWARDS


      ACES Teaching College Course, 2007
      Miller Fellowship, 2003-2007
      Earl O. Heady Fellowship, 2002-2003
      Gamma Sigma Delta, Agriculture Honor Society
      Top Graduate in ISU College of Agriculture, 2002
      Phi Kappa Phi Honor Society
      Pi Eta Sigma Honor Society
      Alpha Lambda Delta/Phi Eta Sigma Honor Society

University of Illinois