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Timothy G Baker

Agricultural Economics 

  • Professor of Agricultural Economics
Krannert Room 590

Professor Baker's research interests are in the area of farm financial management, stochastic and dynamic models, risk management, financial markets, and land values. He teaches an undergraduate course in agricultural finance and graduate courses in agricultural finance, production economics, and risk.

Professor Baker's recent publications include: "Risk Sharing Versus Low Cost Credit Programs for International Development," American Journal of Agricultural Economics, (Nov. 1990); "A Farm Level Financial Analysis of Farmers' Use of Futures and Options Under Alternative Farm Programs," American Journal of Agricultural Economics (Nov. 1990); "Farmers' Choice of Fixed and Adjustable Rate Loans," American Journal of Agricultural Economics (Nov. 1988); and "The Theoretical Effects of Farm Policies on Optimal Leverage and the Probability of Equity Losses," American Journal of Agricultural Economics (Aug. 1988).

Selected Publications

Coulibaly, J. Y., Sanders, J. H., Preckel, P. V., & Baker, T. G. (2015). Will cotton make a comeback in Mali? Agricultural Economics, 46(1), 53-67. doi:10.1111/agec.12140

Baker, T. G., Boehlje, M. D., & Langemeier, M. R. (2014). Farmland: Is It Currently Priced as an Attractive Investment? AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 96(5), 1321-1333. doi:10.1093/ajae/aau037

Gloy, B., Boehlje, M., Dobbins, C., & Hurt, C. (2011). Are Economic Fundamentals Driving Farmland Values? Choices: The Magazine of Food, Farm and Resource Economics, 26(2). Retrieved from

Want, H., & Park, J. (in press). Contracting, Negotiation, and the Policy Change: The Conflict between Korean Farmers and their Agricultural Cooperatives. Agric. Econ. äóñ Czech.

Borchers, B., Gloy, B., & Erickson, B. (2011). When to Purchase Fertilizer: A Comparison of Fall and Spring Prices. 10. Retrieved from

Hubbs, J., & Kuethe, T. (2010). Evaluating the Dynamic Nature of Market Risk. Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, 22-Jan. Retrieved from

Hubbs, J., Kuethe, T., & Erickson, B. (2010). Measuring Systematic Risk for Crop and Livestock Producers. 5-Jan. Retrieved from

Baker, T., Patrick, G., & Cakir, M. (2008). Evaluating Livestock Risk Protection for Hogs. Retrieved from

Briggeman, B. C., Gray, A. W., Morehart, M. J., Baker, T. G., & Wilson, C. A. (2007). A new US farm household typology: Implications for agricultural policy. REVIEW OF AGRICULTURAL ECONOMICS, 29(4), 765-782. doi:10.1111/j.1467-9353.2007.00386.x

Gloy, B., & Baker, T. (2002). The Importance of Financial Leverage and Risk Aversion in Risk Management Strategy Selection. American Journal of Agricultural Economics, 84(4), 1130-1143.

Agricultural Economics, 403 West State Street, West Lafayette, IN 47907 USA, (765) 494-4191

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