Brian Adam 2015

Contact me at: EconomicConsulting@gmail.com

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Bio for Brian D. Adam

Brian Adam is a Professor of Agricultural Economics at Oklahoma State University. He has a B.S. degree in Mathematics from Wheaton College (Illinois), M.S. in Agricultural Economics from U. of Nebraska, and a Ph.D. in Agricultural Economics from U. of Illinois.  His teaching and research is in the area of agricultural marketing. His research specialties are (1) economics of stored products, especially integrated pest management, working with an interdisciplinary team of stored product specialists, and (2) economics of food supply chains, in which he is co-leading a multi-institutional, multi-disciplinary research and extension team seeking to improve food safety, supply chain management, and animal disease traceability using whole-chain traceability technology.

Brian Adam’s VITA

VITA (short version)

Research: Dr. Adam’s research has focused on evaluating costs, benefits, efficiency and risk of alternative technologies and rules for policymakers and business decision makers. Examples include:

  • comparing and evaluating alternative methods for insect control in grain storage and processing (including chemical, non-chemical, and integrated pest management)
  • economics of processing poultry litter within a watershed vs. transporting out
  • effects of farm programs on agricultural markets
  • effects of export rules on grain prices
  • comparing profitability and riskiness of alternative hedging strategies with futures and options
  • effects of traceability technology on grain elevator operating efficiency.

Most of this research is interdisciplinary, in which Dr. Adam provides economics expertise to teams of agricultural engineers, entomologists, food scientists, computer scientists, and others. Currently, he is working with a team to develop a whole-chain traceability system for beef, and with other teams to identify insect control strategies for food processors that are both economical, safe, and environmentally friendly.

Dr. Adam has authored or co-authored more than 45 refereed publications, made more than 70 presentations at state, national and international academic and industry conferences, for Congressional steering committees, and for government agencies. To support this research he and his colleagues have been awarded research grants totaling more than $6 million. Dr. Adam received the James Whatley Award for Meritorious Research in Agriculture in 2000, an annual award from OSU’s Division of Agricultural Sciences and Natural Resources to its top young scientist.

Consulting: As a consultant, Dr. Adam has applied this kind of research to specific companies and for government agencies, including:

  • estimating the risk-adjusted costs and benefits for a proprietary technology for processing agricultural waste
  • evaluating alternative strategies for implementing a whole-chain traceability system, and
  • comparing the economics of two different chemicals for fumigating food processing plants.

Teaching: In his more-than-25-year teaching career Dr. Adam has taught more than 2,290 undergraduate and 430 graduate students, and has served as major adviser for 35 graduate students, receiving Outstanding Teacher honors in 1990-91, 1994-95, 2002-03, and 2005-06.

Before beginning his academic career, Dr. Adam worked on his family’s farm in Nebraska, assisting with both production activities and financial analysis.

Published Journal Articles

  • Adam, Brian D., Rodney Holcomb, MichaelD. Buser, Blayne Mayfield, Johnson Thomas, Philip Crandall, Corliss A. O’Bryan,Steven C. Ricke, Dar Knipe, and Richard Knipe. 2016. “Enhancing Food Safety,Product Quality, and Value-Added in Food Supply Chains Using Whole-ChainTraceability.” International Food andAgribusiness Management Review. SpecialIssue – Volume 19 Issue A:191-214. (Available at http://www.ifama.org/resources/
    Documents/Volume%2019%20Issue%20A/1020150140.pdf
    .)
  • Crandall, Philip G., Corliss A. O’Bryan, Dinesh Babu, Nathan Jarvis, Mike L. Davis, Michael Buser, Brian Adam, John Marcy, and Steven C. Ricke. 2013. “Whole-chain traceability, is it possible to trace your hamburger to a particular steer, a U. S. perspective?” Meat Science. 95(2):137-44.
  • Gautam, S. G., G. P. Opit, K. L. Giles, and B. Adam. 2013. “Weight losses and germination failure caused by psocids in different wheat varieties.” J. Economic Entomology 106(1):491-498.
  • Siaplay, Mounir, Brian D. Adam, B. Wade Brorsen, and Kim Anderson. 2012. Using Basis, Futures Price, and Futures Price Spread as Barometers for Storage Decisions. International J. of Economics and Finance, 4(5):15-24.
  • Tumusiime, Emmanuel, Hugo De Groote, Jeffrey Vitale and Brian Adam. 2010. The Cost of Coexistence between Bt Maize and Open-Pollinated Maize Varieties in Lowland Coastal Kenya. AgBioForum, 13(3): 208-221
  • Adam, B. D., M. Siaplay, P. W. Flinn, B. W. Brorsen, and T. W. Phillips. 2010. “Factors Influencing Economic Profitability of Sampling-Based Integrated Pest Management in Stored Grain” J. Stored Products Research 46:186-196. (Available at http://dx.doi.org/10.1016/j.jspr.2010.04.004.)
  • Danley, Ronda, Brian D. Adam, Jim Criswell, Ron Noyes, and Thomas W. Phillips. 2005. “Accuracy Evaluation of Phosphine Monitoring Devices.” J. of Pesticide Safety Education (7):1-9. (Available at http://scholar.lib.vt.edu/
    ejournals/JPSE/v7/JPSEV7_1-9.pdf.)
  •  Adam, Brian D., Seung Jee Hong, and Michael R. Dicks. 2004. “The Effects of the Conservation Reserve Program on Elevator Merchandising Margins in Oklahoma.” J. Agricultural and Applied Economics, 36,1(April 2004):83-96.
  • Leite, J.L.B.; Gomes, A.T.; Adam, B.D. 2002. As condicionantes do mercado e o futuro dos sistemas de produção de leite no Brasil. In CONGRESSO BRASILEIRO DE ECONOMIA E SOCIOLOGIA RURAL, 40., Passo Fundo: UFP, 2002. 1CD.

Translation: Leite, J.L.B.; Gomes, A.T.; Adam, B.D. 2002. The market conditions implications to the Future Brazilian Milk Production. In: BRAZILIAN CONGRESS OF RURAL ECONOMY AND SOCIOLOGY, 40., Passo Fundo: UPF, 2002. 1CD.

  • Kang, Tae Hoon, B. Wade Brorsen, and Brian D. Adam. 1996. “A New Efficiency Criterion: The Mean-Separated Target Deviations Risk Model.”  J. Economics and Business, February, 48(1):47-66.
  • Adam, Brian D., Philip Garcia, and Robert Hauser. 1996. “The Value of Information to Hedgers in the Presence of Futures and Options.”  Review of Agricultural Economics, September, 18(4):437-47.
  • Adam, Brian D., Steven Betts, and B. Wade Brorsen. 2000. “Effects of Reduced Government Deficiency Payments on Post-Harvest Wheat Marketing Strategies.” J. Futures Markets, 20(3):243-63.
  • Brorsen, B. Wade, Carl Garrison, Brian D. Adam, and Mike Dicks. 1996. “Nonresponse Bias Corrections for the 1990 SWCS Survey of Conservation Reserve Program Acreage.” Review of Agricultural Economics, September, 18(4):669-80.
  • Adam, Brian D., Philip Kenkel, and Kim Anderson. 1994. “The Economics of Cleaning Winter Wheat for Export: An Evaluation of Proposed Federal ‘Clean Grain’ Standards.” J. Agricultural and Resource Economics, December, 19(2):280-98. (Available at http://agecon.lib.umn.edu/cgi-bin/pdf_view.pl?paperid=11570&ftype=.pdf.)
  • Garcia, Philip, Brian D. Adam, and Robert J. Hauser. 1994. “The Use of Mean-Variance for Commodity Futures and Options Hedging Decisions: The Case of Hogs.” J. Agricultural and Resource Economics, July, 19(1):32-45. (Also available at http://agecon.lib.umn.edu/cgi-bin/pdf_view.pl?paperid=11589&ftype=.pdf.)
  • Garrison, Carl O., Michael R. Dicks, and Brian D. Adam. 1994. “Estimating the Impact of Conservation Reserve Program Expiration on Corn and Wheat Prices.” Agricultural and Resource Economics Review, April, 23(1):94-99.  Oklahoma Agricultural Experiment Station Journal #AEJ-130. (Also available at http://agecon.lib.umn.edu/cgi-bin/pdf_view.pl?paperid=5908&ftype=.pdf.)
  • Adam, Brian D., Philip Garcia, and Robert J. Hauser. 1993. “Robust Live Hog Pricing Strategies Under Uncertain Prices and Risk Preferences.” J. Futures Markets, December, 13(8):849-64.  Oklahoma Agricultural Experiment Station Journal #6251.
  • Adam, Brian D., Michael A. Hudson, Raymond M. Leuthold, and Clark A. Roberts. 1991. ”Information, Buyer Concentration, and Risk Attitudes: An Experimental Analysis,”  Review of Agricultural Economics (formerly North Central Journal of Agricultural Economics), January, 13(1):59‑71.
  • Leuthold, Raymond M., Philip Garcia, Brian D. Adam, and Wayne I. Park. 1989. “An Examination of the Necessary and Sufficient Conditions for Market Efficiency: The Case of Hogs.”  Applied Economics, February, 21(2):193‑204.

 Published Book Chapters

  • Adam, Brian D., Michael Buser, Blayne Mayfield, Johnson Thomas, Corliss A. O’Bryan, and Philip Crandall. 2015. “Computer systems for whole-chain traceability in beef production systems.” Chapter 2 in Food Safety: Emerging Issues, Technologies and Systems, edited by Steven C. Ricke, Janet R. Donaldson, and Carol A. Phillips. Elsevier, Inc.
  • Adam, Brian D. and Corinne Alexander. 2012. “Economics of IPM Decisions.” Ch. 28 in “Stored Product Protection,” edited by David W. Hagstrum, Thomas W. Phillips and Gerrit Cuperus. (Available at http://www.ksre.ksu.edu/
    bookstore/pubs/S156.pdf
    .)
  • Kenkel, Phil, and Brian Adam. 2012. “Economics of Commodity Grading and Segregation.” Ch. 29 in “Stored Product Protection,” edited by David W. Hagstrum, Thomas W. Phillips and Gerrit Cuperus. (Also available at http://www.ksre.ksu.edu/bookstore/pubs/S156.pdf.)
  • Criswell, J. T., G. W. Cuperus, W. S. Fargo, R. T. Noyes, Adam, P. Kenkel, E. Williams, and K. Anderson. 1993. “Fumigation Decision-Making Process: Economic Costs and Risks.”  In Proceedings of the International Controlled Atmosphere and Fumigation in Grain Storages, Navarro, S. and Donahaye, E. [Eds.], Caspit Press Ltd., Jerusalem, Israel.

Other Peer-Reviewed Publications

  • Elliott, Wes, Brian D. Adam, Phil Kenkel, and Kim Anderson. “Effects of Competition and Space on Country Elevator Grading Practices and Prices.” in Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, B. Wade Brorsen, ed., Chicago, Illinois, April 21-22, 1997:54-62.
  • Elliott, Wesley, Brian D. Adam, Phil Kenkel, and Kim Anderson. “Can the Grain Marketing System Provide Sufficient Quality Incentives to Producers?” in Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Ted Schroeder, ed., Chicago, Illinois, April 20-21, 1998:249-64.
  • Adam, Brian D., and Seung Jee Hong. “Why Don’t Grain Elevators Pay More for High Quality Wheat?  The Effects of Risk and Information.” in Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Ted Schroeder, ed., Chicago, Illinois, April 19-20, 1999, (http://agecon.okstate.edu/faculty/publications/169.pdf).
  • Acheampong, Kwame, Michael Dicks, and Brian D. Adam. 2010. “The Impact of Biofuel Mandates and Switchgrass Production on Hay Markets.” In Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, St. Louis, Missouri, April 19-20, 2010. Published in Proceedings, (http://www.farmdoc.illinois.edu
    /nccc134/conf_2010/pdf/confp05-10.pdf
    ).
  • Adam, B.D., Edmond Bonjour, and Jim Criswell. 2010. “Cost Comparison of Methyl Bromide and Sulfuryl Fluoride (ProFume®) for Fumigating Food Processing Facilities, Warehouses, and Cocoa Beans.” In: Carvalho, O.M, Fields, P.G., Adler, C.S., Arthur, F.H., Athanassiou, C.G., Campbell, J.F.,  Fleurat-Lessard, F., Flinn, P.W., Hodges, R.J., Isikber, A.A. Navarro, S., Noyes, R.T., Riudavets, J., Sinha, K.K., Thorpe, G.R., Timlick, B.H., Trematerra, P., White, N.D.G. (Eds), Proceedings of the Tenth International Working Conference on Stored Product Protection, 27 June-2 July, Estoril, Portugal, Julius-Kuhn-Archiv, Berlin, Germany, pp.314-321.
  • Adam, B. D., T. W. Phillips, and P.W. Flinn. 2006. “The Economics of IPM in Stored Grain: Why Don’t More Grain Handlers Use IPM?” Proceedings of the 9th International Working Conference on Stored Product Protection. Edited by I. Lorini et al.. Campinas, Sao Paulo, BRAZIL: ABRAPOS, pp.3-12.
  • Roh, Jae Sun, Sang Soo Lim, and Brian D. Adam. “The Impact of Foot-and-Mouth Disease (FMD) on Hog, Pork, and Beef Prices: the Experience in Korea.” Paper presented at the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, St. Louis, Missouri, April 17-18, 2006, (www.agebb.missouri.edu/ncrext/ncr134/).
  • Adam, Brian D., and Seung Jee Hong. “Why Don’t Grain Elevators Pay Less for Low Quality Wheat?  Information, Producer Preferences, and Prospect Theory.” In Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Ted Schroeder, ed., St. Louis, Missouri, April 23-24, 2001, (www.agebb.missouri.edu/ncrext/ncr134/).
  • Adam, Brian D., and James N. Trapp. “Seasonal Price Index Updates for Oklahoma Crops.” Current Farm Economics, 1997, 70(1):67-79.
  • Betts, Steven, Brian D. Adam, and B. Wade Brorsen. “Effects of Reduced Government Deficiency Payments on Post-Harvest Marketing Strategies,” in Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, B. Wade Brorsen, ed., Chicago, Illinois, April 22-23, 1996:158-75.
  • Adam, Brian D., Steven Betts, and B. Wade Brorsen. “Effects of Reduced Government Deficiency Payments on Post-Harvest Marketing Strategies.”  Current Farm Economics, 1996, 69(1):17-32.
  • Adam, Brian D., and Kim Anderson. “Robust Risk Management Strategies for U.S. Hard Red Winter Wheat Producers.”  Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Chicago, Illinois,  April 1995:306-22.
  • Adam, Brian D., Daniel S. Tilley, and Everett Olbert. “The Effects of Government Storage Programs on Supply and Demand for Wheat Stocks.”  Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Chicago, Illinois, April 1995:54-63.
  • Adam, Brian D., Philip Garcia, and Robert J. Hauser. “The Value of Information to Hedgers in the Presence of Options.”  Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Chicago, Illinois, April 1994: 207-18.
  • Adam, Brian D., Kim Anderson, and Everett Olbert. “The Effects of Government Storage Programs on Returns to Storage Hedges.”  Current Farm Economics, March 1994, 67(1):3-13.
  • Adam, Brian D., Kim Anderson, Everett Olbert, and Roger Sahs. “Storage Hedging:  What’s a Merchandiser to Do?  Returns to Hedging for Central Oklahoma Wheat Elevators.”  Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Chicago, Illinois, April 1993: 87-94.
  • Garrison, Carl O., Mike Dicks, Brian D. Adam, and B. Wade Brorsen. “Grain Markets After the Conservation Reserve Program.” Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Chicago, Illinois, April 1993: 141-48.
  • Anderson, Kim, Roger Sahs, and Brian Adam. “Marketing Strategies and the Government Program.”  Current Farm Economics, September 1992, 65(3):3-11.
  • Adam, Brian D., Kim Anderson, and Phil Kenkel. “The Economics of Cleaning Wheat:  An Economic Engineering Analysis.”  Current Farm Economics, June 1992, 65(2):30-42.
  • Adam, Brian D., Stephen R. Koontz, and James N. Trapp. “Output Uncertainty in Fed Cattle Hedging.”  Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, pp. 218-230, and Oklahoma State University PP #3704, May 1992.
  • Adam, Brian D., Philip Garcia, and Robert J. Hauser. “Hedging Strategies with Options When Information is Limited:  An Application to Marketing Live Hogs,” Current Farm Economics, March 1991, 64(1):32‑43.
  • Adam, Brian D., and Philip Garcia. “Hog Producers’ Marketing Decisions Under Alternative Utility Specifications,” Proceedings of the NCR‑134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Chicago, Illinois, April 1990: 264‑76.
  • Garcia, Philip, and Brian D. Adam. “The Sensitivity of Live Hog Marketing Strategies to Uncertain Prices,”  Proceedings of the NCR‑134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Chicago, Illinois, April 1990: 277‑91.
  • Leuthold, Raymond M., Philip Garcia, Brian D. Adam, and Wayne I. Park. “A Re‑examination of the Pricing Efficiency of the Hog Futures Market.” Proceedings of the NCR‑134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Chicago, Illinois, April 1987: 55‑69.
  • Roberts, Clark A., Brian D. Adam, and Michael A. Hudson. “The Impacts of Varying Information Levels on Competitive Bidding Processes:  An Experimental Investigation.”  Proceedings of the NCR‑134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Chicago, Illinois, April 1987: 362‑80.