Professor Foster's research interests are in the fields of
production economics and marketing with special emphasis on dynamic
models in the livestock and meat sectors. His work has included a
dynamic analysis of investment and supply in the U.S. beef cattle
industry, measuring technical change in agriculture, the management of
livestock waste, demand for heterogeneous products, and the use of
contracts in agricultural production. Foster’s research and outreach
activities have included testimony to Senate committees and state
legislative study committees on the competitiveness of livestock
markets and the use of contract production. Likewise, his work has
impacted the decisions of private stakeholders in the livestock and
meat industry. Most notable, perhaps, is his coauthored book Positioning Your Pork Operation for the 21st Century
which provided guidance to the international pork industry during a
time of dramatic technological and managerial revolution.
Professor Foster teaches applied econometrics, has
experience working in Latin America, China, and Africa, and serves as
an extension specialist in the area of livestock production economics.
Foster served as Associate Head and Graduate Program Director from 2004
to 2008 and was named Interim Department Head in 2008. In 2009, he was
appointed as head of the department. Foster serves on the College of
Agriculture Academic Leadership Council and as an ex-Officio member of
the Board of Directors for the Agribusiness Council of Indiana. Among
his many awards, Ken has been recognized by the Agricultural and Applied
Economics Association for Distinguished Graduate Teaching with 10 or
More Years’ Experience, by the College of Agriculture for Outstanding
Graduate Faculty Mentor, and has received the Purdue Agriculture Team
Award on three different occasions.
Applied Economic Time Series
“Estimating Elasticities with the Linear Approximate Almost Ideal Demand System", RESTAT with J.Alston and R. Green.
“A Dynamic Model of Investment in the U.S. Beef Cattle Industry”, JBES with O. Burt.
“Cointegration and Settlement of Commodity Futures Contracts,” Macroeconomic Dynamics with A. Havenner.
“Capital Investment Under Alternative Marketing Scenarios in the Hog Sector: A Real Options Approach,” CJAE with A. Maung.