Faculty Member Information
Joshua D. Woodard Research Interest: Office Address: Contact Information: Email Address: |
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About Dr. Woodard
Dr. Woodard teaches Futures and Options (AGEC 448) and PhD-level Production Economics (AGEC 637). His research focuses primarily on risk analysis, risk management, finance, and insurance, with special emphases on empirical applications, firm-level risk, spatial data analysis, dependence structure modeling, weather risk, and commodities. He specializes in the analysis and evaluation of insurance systems—primarily in simulation and econometric frameworks—and in the design, evaluation, testing, and implementation of new insurance products, insurance rating systems, as well as other risk management and risk analysis software.Dr. Woodard is an advisor to the student led Agricultural Economics Society, and also serves on the PhD Qualifier Exam Committee in the Department of Agricultural Economics. In addition to being an active academic researcher and teacher, he also serves as a consultant to a variety of government and industry groups in the insurance and risk management arena, particularly in the area of crop insurance.
Selected Publications:
Woodard, J.D., G.D. Schnitkey, B.J. Sherrick, N. Lozano-Gracia, and L. Anselin, “A Spatial Econometric Analysis of Loss Experience in the U.S. Crop Insurance Program,” Journal of Risk and Insurance (Forthcoming).
Woodard, J.D., B.J. Sherrick, and G.D. Schnitkey, "Revenue Risk Reduction Impacts of Crop Insurance in a Multi-Crop Framework," Applied Economic Perspectives and Policies (Formerly the Review of Agricultural Economics; Forthcoming).
Woodard, J.D., T.M. Egelkraut, P. Garcia, and J.M.E. Pennings, “Effects of
Full Collateralization in Commodity Futures Investments,” *Journal of
Derivatives and Hedge Funds *(Forthcoming).**
Woodard, J.D., and P. Garcia, “Weather Derivatives, Spatial
Aggregation, and Systemic Insurance Risk: Implications for Reinsurance Hedging,”
Journal of Agricultural and Resource Economics* (April, 2008).
Woodard, J.D., and P. Garcia “Basis Risk and Weather Hedging Effectiveness,”
Agricultural Finance Review - Invited Special Issue on Weather Risk in Agriculture
(Spring, 2008).
Woodard, J.D., “Commodity Futures Investments: A Review of Strategic
Motivations and Tactical Opportunities,” The Handbook of Commodity
Investing, Edited by Frank J. Fabozzi, Roland Füss, and Dieter Kaiser*(July, 2008).