Tuesday, April 23, 2002

Session 3 - Morning
Moderator:  Ted C. Schroder, Kansas State University

8:05
"Emerging IP Markets: The Tokyo Grain Exchange Non-GMO Soybean Contract."
  Joe Parcell, University of Missouri

8:40
"Hedging Spot Corn: An Examination of the Minneapolis Grain Exchange's Cash Settled Corn Contract."
  Tracy D. Greer and Dwight R. Sanders, Southern Illinois University

9:15
"Modeling Contract Form: An Examination of Cash Settled Futures."
Dwight R. Sanders, Southern Illinois University, and Mark R. Manfredo, Arizona State University

9:50 - Refreshment Break

10:10
"An Evaluation of Crop Forecast Accuracy for Corn and Soybeans: USDA and Private Information Services."
T. M. Egelkraut, P. Garcia, S. H. Irwin, and D. L. Good, University of Illinois at Urbana-Champaign

10:45
"Hedging Price Risk in the Presence of Crop and Revenue Insurance."
  Olivier Mahul, Institut National de la Recherché Agronomique, France

11:20
"Dynamic Risk Management Under Credit Restraints."
Gerald Nyambane, Steve Hanson, and Roy Black, Michigan State University

Session 4 - Morning
Moderator: Michael Haigh, University of Maryland

8:05
"Non-expected Utility Theories: Weighted Expected Utility, Rank Dependent Utility, and Cumulative Prospect Theory."
  Jonathan Tuthill and Darren Frechette, Pennsylvania State University

8:40
"Pricing Weather Derivatives: The Importance of Discrete Events."
Timothy J. Richards and Mark R. Manfredo, Arizona State University, and Dwight R. Sanders, Southern Illinois University

9:15
"Can Structural Change Explain Changes in the Returns to Technical Analysis?"
  Willis V. Kidd and B. Wade Brorsen, Oklahoma State University

9:50 - Refreshment Break

10:10
"Pricing and Hedging European Futures Spread Options on Agricultural and Energy Spreads."
  Matthew P. Schaefer, New York Mercantile Exchange

10:45
"Pricing of Options with Stochastic Volatilities: Application to Agricultural Commodity Contracts."
  Nasibrola Lordkipanidze and William Tomek, Cornell University

11:20
"Pricing Long-Term Options on Commodity Markets with Mean Reversion."
  Sergio Lence, Wei Ding, and Dermot Hayes, Iowa State University

11:55 - Lunch

12:40 - Featured Speaker
Moderator: Stephen Koontz, Colorado State University


Featured Speaker:  Richard A. Brock of Brock Associates
"Perspectives from the Market Advisory Service Trade."


Tuesday, April 23, 2002

Session 5 - Afternoon
Moderator: Stephen R. Koontz, Colorado State University

1:45
"An Alternative Explanation of Where Price Discovery Occurs in Beef Markets?"
  Ted C. Schroeder and James Mintert, Kansas State University

2:20
"Assessing the Cost of Beef Quality."
  John D. Lawrence and Gary May, Iowa State University

3:00 - NCR-134 Business Meeting


Session 6 - Afternoon
Moderator: Darren Frechette, Pennsylvania State University

1:45
"Producers' Use of Risk Management Tools: What, When and Why?"
Joost M. E. Pennings, Scott H. Irwin, and Darrel L. Good, University of Illinois at Urbana-Champaign

2:20
"Actual Farmer Market Timing."
  B. Wade Brorsen and Kim B. Anderson, Oklahoma State University

3:00 - NCR-134 Business Meeting