JOSEPH A. ATWOOD


Watts and Associates, Inc.
4331 Hillcrest Road
Billings, MT 59101
Phone: 1-406-252-7776; FAX: 1-406-252-9753

Agricultural Economics & Economics Department
Montana State University
Bozeman, MT 59717-0292
1-406-994-5614

2110 Shatto Drive
Belgrade, MT 59714

Professor Atwood has more than 15 years experience providing econometric/statistical services for crop insurance. Dr. Atwood has qualified as a Principal Investigator in the U.S. system for providing consulting services for RMA. His econometric and statistical design is in use in numerous programs at the USDA RMA. At W&A, he has served as a Principal Investigator on more than 20 projects totaling in excess of $10 million in consulting fees. He has also served as a Principal Investigator on all four development efforts for operating insurance programs. He is a principal architect of the actuarial approach for the index-based Area Grassland Index Insurance (using a weather index for one proxy) and the indexing approach for the Silage Sorghum. He along with other members of the team has been involved in seminal efforts in the US with both index-based and indexing based development efforts. Dr. Atwood has substantial experiences in developing insurance based on weather and also satellite indices used to proxy plant growth or productivity. Dr Atwood has been an author and developer of quantitative solutions for geospatial risk spreading for catastrophic events that are now included as a matter of course in W&A developed products. Atwood recently chaired a weather–based crop insurance session for the AAEA meetings in Long Beach, CA.

EDUCATION:
Ph.D., Agricultural Economics, Graduate College, University of Nebraska, Lincoln. Areas of Study: Production Economics, Risk Management and Finance
M.S., Agricultural Economics, Graduate College, University of Nebraska, Lincoln. Areas of Study: Resources and Energy Production, Production Economics
B.S., Animal Science-Agri Business Option, College of Agriculture, University of Nebraska, Lincoln.
Attended Lubbock Christian College, Lubbock, Texas.
A.A., York College, York, Nebraska.

RESEARCH INTERESTS:
Agricultural Production and Policy Analysis
Economic Modeling Methodology (Programming)
Financial Analysis (Investment, Taxes, and Inflation)
Risk Analysis
Farm-Related Energy Use and Production

EMPLOYMENT HISTORY:
Professor, Department of Agricultural Economics and Economics, Montana State University, Bozeman, Montana, (July 2005-present)

Associate Professor, Department of Agricultural Economics and Economics, Montana State University, Bozeman, Montana, (July 1991-2005)

Assistant Professor, Department of Agricultural Economics and Economics, Montana State University, Bozeman, Montana, (September 1987-June 1991)

Visiting Professor, Department of Agricultural Economics, University of Nebraska-Lincoln, Lincoln, Nebraska, (Summers 1990, 1991, 1992, 1993)

Assistant Professor, Department of Agricultural Economics and Rural Sociology, Auburn University, Auburn Alabama, (September 1985-August 1987)

Research Technician, Department of Agricultural Economics, University of Nebraska, Lincoln, Nebraska, (July 1982-September 1985)

Farm Business Association Fieldman, University of Nebraska/Extension Service, (January 1980-June 1982)

Graduate Assistant, Department of Agricultural Economics, University of Nebraska, Lincoln, Nebraska, (August 1978-December 1979)

Custom Fertilizer Application, Grain Sorghum Research, Work Study, UNL Meat Lab, and general farming, (1973-1978)

PUBLICATIONS:
Refereed Journal Articles:
Atwood, J.A., and G.A.Helmers. (1998). “Examining Quantity and Quality Effects of Restricting Nitrogen Applications to Feedgrains.” American Journal of Agricultural Economics 80(May,1998):369-381.

Atwood, J.A., M.J. Watts and A.E. Baquet. (1996) "An Examination of the Effects of Price Supports and Federal Crop Insurance Upon the Economic Growth, Capital Structure, and Financial Survival of Wheat Growers in the Northern High Plains." American Journal of Agricultural Economics 78(1):212-224.

Atwood, J.A. (1993). "Constant Dollar Financial Statements." Review of Agricultural Economics 15(1):157-166.

Atwood, J.A. (1990) "Determining Firm Specific Values for Risky Assets." Western Journal of Agricultural Economics 15(2):196-203.

Hatch, V., J.A. Atwood, and J. Segar. (1989). "An Application of Safety-First Probability Limits in a Discrete Stochastic Farm Management Programming Model." Southern Journal of Agricultural Economics 21(1): 65-72.

Atwood, J.A., M.J. Watts, G.A. Helmers, and L.J. Held. (1988). "Incorporating Safety-First Constraints in Linear Programming Production Models." Western Journal of Agricultural Economics 13(1): 29-36.

Hatch, V., and J.A. Atwood. (1988). "A Risk Programming Model for Farm-Raised Catfish." Aquaculture 70: 219-230.

Atwood, J.A., M.J. Watts, and G.A. Helmers. (1988). "Chance-Constrained Financing as a Response to Financial Risk." American Journal of Agricultural Economics 70(1): 79-89.

Atwood, J.A., L.J. Held, G.A. Helmers, and M.J. Watts. (1986). "Performance of Risk-Income Models Outside the Original Data Set." Southern Journal of Agricultural Economics 18(2): 113-123.

Helmers, G.A., M.R. Langemeier, and J.A. Atwood. (1986). "An Economic Analysis of Alternative Cropping Systems for East-Central Nebraska." American Journal of Alternative Agriculture 1(4): 153-158.

Helmers, G.A., M.J. Watts, and J.A. Atwood. (1985). "Relevancy of Cash Flow as a Measure of Business Performance." Agribusiness: An International Journal 1(4): 311-331.

Atwood, J.A. (1985). "Demonstration of the Use of Lower Partial Moments to Improve Safety-First Probability Limits." American Journal of Agricultural Economics 67(4): 787-793.

Helmers, G.A., R.V. Sahs, and J.A. Atwood. (1985). "Risk-Income Efficient Leases - The Landlord's Perspective." Journal of the American Society of Farm Managers and Rural Appraisers 49(2): 27-33.

Helmers, G.A., L.J. Held, M.J. Watts, and J.A. Atwood. (1984). "Deviation Constrained Programming: The Impact of Risk-Income Frontiers." North Central Journal of Agricultural Economics 6: 142-150.

GRANT AND CONTRACT SUPPORT:
Co-investigator, “Compliance and Fraud Detection”, USDA-ERS, $200,000, (1999-2000). (Partially subcontracted with IITRI Corp.).

Co-investigator, “Expand Avocado Program to Five Additional Counties.”, USDA-ERS, $70,451, (1999-2000).

Co-investigator, “Assessing the Feasability of Implementing IP on a Broad Basis.”, USDA-ERS, $203,140 (1999-2000).

Co-investigator, “Review of Cotton Rates”, USDA-ERS, $69,000, (1998-2000).

Co-investigator, “Effects of Unit Size on Premiums Paid”, USDA-ERS, $167,000, (1999-2000).

Co-investigator, "Expansion of Income Protection Insurance” USDA-ERS, $80,000, (1996-1998).

Co-investigator, "Developing an Avacado Revenue Insurance Product." USDA-ERS, $34,860, (1996-1998).

Co-investigator, "Cost of Production-Based Revenue Insurance: A Pilot Project." USDA-ERS, $99,334, (1995-1996).

Co-investigator, "A Combined Crop Approach to Whole Farm Insurance: Development of a Pilot Program." USDA-ERS, $96,831, (1995).

Co-investigator, "Whole Farm Insurance." Federal Crop Insurance Corporation, $34,500, (July 1, 1993-June 30, 1995).

Co-investigator, "The Impact of Group Risk Plan Crop Insurance on Montana Producers." Montana Wheat and Barley Committee, $18,000, (July 1, 1993-June 1994).

Co-investigator, "An Investigation of Multiple Peril Crop Insurance Participation Rates in Semi-Arid Production Regions: The Role of Rate Structures, Disaster Relief, and Other Commodity Programs," Federal Crop Insurance Corp., $110,000, (Jan. 1992-June 1994).

Co-investigator, "Economic Depreciation, the Constant Rate Hypothesis and Tax Policy," MONTS, $10,500, (July 1990-June 1991).

Co-investigator, "Technology for Beef Cattle Production and Marketing," Alabama Research Institute, $125,000, (May 1986-April 1987).

Co-investigator, "Developing Production Practices for Peanuts That Will Maintain Yields While Reducing Production Costs," Alabama Peanut Producers, $5,000, (April 1986-April 1987).

Co-investigator, "Tax Incentives on Sandhill Land Development," Center for Rural Affairs, Walthill, Nebraska, $4,000, (September 1983-September 1984).

PROFESSIONAL AND HONOR SOCIETY MEMBERSHIPS:
American Agricultural Economics Association
Western Agricultural Economics Association

HONORS AND AWARDS:
Montana State University, Bozeman:

Outstanding Published Research Award. Western Agricultural Economics Association. 1999.
Who’s Who Among America’s Teachers, 1997-98.
Alpha Zeta, College of Agriculture, Teacher of the Semester, Fall 1991.

University of Nebraska, Lincoln:
Department of Agricultural Economics Outstanding Ph.D. Student Award, 1984.
Department of Agricultural Economics Outstanding Master's Student, 1980.

Storage

Goals for the Institute

Developing Countries:
To develop sustainable agricultural risk management programs for developing countries that result in economic stability and new sources of “risk capital” for their agriculture sectors.

Developed Countries:
To provide a training, succession planning, and “analytical research capability” environment for developed country governments and private companies engaged or expanding their work in agricultural risk management.




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Web Site Last Updated
April 15, 2010