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Dr. James Richardson

He has funded his research and outreach programs with 116 contracts worth more than $20 million. Dr. Richardson has taught two graduate courses on simulation risk analysis each year for the past 11 years. Prior to that, he taught two graduate policy courses per year. He has advised 42 M.S. and Ph.D. thesis and dissertations and mentored hundreds of graduate students. In the Land Grant tradition, Dr. Richardson has an outreach component to his research. For example, he was actively involved in the PIK and CRP extension education programs in 1983 and 1985. More recently he was a leader for the 2002-03 Base and Yield update extension education program, where he delivered a Monte Carlo simulation model to more than 420,000 farmers via the world wide web. Dr. Richardson's research program has applied stochastic simulation and risk analysis tools to farm policy analysis, evaluation of technological advances, and economic feasibility of alternative management practices and business ventures. He has been a trailblazer in developing a Monte Carlo farm simulation model, FLIPSIM, and maintains 100 plus representative farms so AFPC can show the probabilistic impacts of alternative farm programs, trade policies, and tax provisions on the economic viability of farmers across the United States. His analyses of alternative farm programs on representative farms are highly regarded by policy makers and farm organizations. In collaboration with FAPRI, he has developed 20 annual Baselines to provide the Congressional Agriculture Committees an outlook for the economic viability of representative crop, dairy, and livestock farms. He has been asked by the Chief Economists on the Agriculture Committees to analyze the options considered for the past five farm bills.