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Kenneth A Foster

Agricultural Economics 

  • Professor
765.494.1116
Krannert Room 660

Professor Foster's research interests are in the fields of production economics and marketing with special emphasis on the structure and performance of agricultural production and marketing systems. His work has included a dynamic analysis of investment and supply in the U.S. beef cattle industry, measuring technical change in agriculture, the measurement of demand systems, 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 influenced 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 that provided guidance to the international pork industry during a time of dramatic technological and managerial revolution. 

Professor Foster teaches agricultural price analysis and applied time series analysis, has experience working in Latin America, China, Europe, and Africa, and serves as an extension specialist in the area of livestock production economics. His current research activity explores improvement and development of agricultural value chains in Latin America - specifically Colombia - and the performance of their agricultural production systems. Foster is also a part time farmer operating a third generation beekeeping and honey business. Foster served as Associate Head and Graduate Program Director from 2004 to 2008 and as Department Head from 2008 to 2017. Among his awards, Ken received recognition from the Agricultural and Applied Economics Association for Distinguished Graduate Teaching with 10 or More Years’ Experience Award and the Team Outstanding Outreach/Extension Program Award, by the College of Agriculture for Outstanding Graduate Faculty Mentor, and has received the Purdue Agriculture Team Award on three different occasions.  

Courses:  AGEC305 Ag Price Analysis, AGEC655 Applied Time Series 

A Few Publications:
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.

 

Awards & Honors

(2012) Past Chair. National Association of Agricultural Economics Administrators.

(2011) Chair. National Association of Agricultural Economics Administrators.

(2010) Chair - Elect. National Association of Agricultural Economics Administrators.

(2008) Outstanding Graduate Educator. College of Agriculture.

(2007) Dean's Team Award. College of Agriculture.

(2007) Team Award. Purdue University Cooperative Extension Service.

(2006) Team Award. Purdue University Cooperative Extension Service Association.

(2009) Outstanding Graduate Educator Award. Agricultural and Applied Economics Association.

(2004) Departmental Thesis Award - Advisor. Purdue University, Department of Agricultural Economics.

(2004) Faculty Award of Merit - Outreach. Gamma Sigma Delta.

Selected Publications

Ubilava, D., Lusk, J., & Nilsson, T. (2012). Differences in Consumer Preferences When Facing Branded vs. Non-Branded Choices. Journal of Consumer Behaviour.

Ubilava, D., Lusk, J., & Nilsson, T. (2011). Differences in Consumer Preferences When Facing Branded vs. Non-Branded Choices. Journal of Consumer Behaviour, 10(2), 61-70.

Ubilava, D., Lusk, J., & Nilsson, T. (2010). Effects of income and social awareness on consumer WTP for social product attributes. Technological Forecasting and Social Change, 77(4), 587-593.

Canchi, D., Li, N., Preckel, P., Schinckel, A., & Richert, B. (2010). Optimal Control of Desensitizing Inputs: The Case of Paylean. American Journal of Agricultural Economics, 92, 56-59. Retrieved from http://ajae.oxfordjournals.org/content/92/1/56

Widmar, D., Buckmaster, D., Lemenager, R., & Olynk, N. (2010). The Economics of Using Distiller Grains in Small-Scale Beef Operations in Indiana. (PAER-December). Retrieved from http://www.agecon.purdue.edu/extension/pubs/paer/2010/december/foster.asp

Ubilava, D. (2009). Quality certification vs. product traceability: Consumer preferences for informational attributes of pork in Georgia. Food Policy, 34(3), 305-10.

Motamed, M., Foster, K., & Tyner, W. (2008). Applying Cointegration and Error Correction to Measure Trade Linkages: Maize Prices in the U.S. and Mexico. Agricultural Economics, 39, 29-39.

Radcliffe, J., Richert, B., Sholly, D., Foster, K., Hollas, B., Lim, T., . . . Sutton, A. (2008). Diet modifications to reduce odors, gas emissions and nutrient excretions from swine operations. Mitigation Air Emissions from Animal Feeding Operations Conference, 114-9.

Smith, J., & Foster, K. (2008). Pricing of Bull Attributes. Retrieved from http://www.agecon.purdue.edu/extension/pubs/paer/2008/November/PAER0811.pdf

Chakravarty, S., & Foster, K. (2008). The Evolution of Financial Crisis in 2008. Retrieved from http://www.agecon.purdue.edu/news/financial/Financial_Crisis_Evolution.pdf

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

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