Department of Economics

Chad E. Hart

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Associate Professor

Contact Information

Iowa State University
468E Heady Hall
Ames, IA 50011
(515) 294-9911
chart@iastate.edu

Personal Website

Education

Ph.D., Iowa State University, 1999
B.S., Southwest Missouri State University, 1991

Research Interests

Agricultural marketing, agricultural policy, and risk management.

Curriculum Vitae:

Selected Publications

Lence, Sergio H.; Ott, Herve; Hart, Chad E., Long-term Futures Curves and Seasonal Structures of Wheat in the European Union and the United States, Forthcoming in Journal of Futures Markets
Edwards, William; Hart, Chad E., Sharing Financial Risk through Flexible Farm Lease Agreements, WP #13004, February 2013
Jin, Na; Lence, Sergio H.; Hart, Chad E.; Hayes, Dermot J., The Long-Term Structure of Commodity Futures, American Journal of Agricultural Economics Vol. 94 no. 3 (April 2012): 718-735.
Secchi, Silvia; Kurkalova, Lyubov A.; Gassman, Philip W.; Hart, Chad E., Land Use Change in a Biofuels Hotspot: The Case of Iowa, Usa, Biomass and Bioenergy Vol. 35 no. 6 (June 2011): 2391-2400.

Awards and Honors

Iowa State University Extension, Team Achievement Award (as part of the Bioeconomy Conversations II team), 2009
Iowa Board of Regents, Regents Award for Staff Excellence, 2006-07
Iowa State University, College of Agriculture, Professional and Scientific Staff Award for Achievement and Service, 2006-07
USDA Secretary's Group Honor Award for Excellence (as part of FAPRI), 2002

ISU Economics Working Papers Series

Edwards, William; Hart, Chad E., Sharing Financial Risk through Flexible Farm Lease Agreements, WP #13004, February 2013
Singerman, Ariel; Hart, Chad E.; Lence, Sergio H., Price Analysis, Risk Assessment, and Insurance for Organic Crops, WP #11027, August 2011
Singerman, Ariel; Hart, Chad E.; Lence, Sergio H., Revenue Protection for Organic Producers: Too Much or Too Little, WP #11012, June 2011
Singerman, Ariel; Hart, Chad E.; Lence, Sergio H., Demand for Crop Insurance by Organic Corn and Soybean Farmers in Three Major Producing States, WP #10007, May 2010

Journal Articles

Prokopy, Linda; Haigh, Tonya; Mase, Amber; Angel, Jim; Hart, Chad E.; Knutson, Cody; Lemos, Maria; Lo, Yun-Jia; McGuire, Jean; Morton, Lois; Perron, Jennifer; Todey, Dennis; Widhalm, Melissa, Agricultural Advisors: A Receptive Audience for Weather and Climate Information?, Forthcoming in Weather, Climate, and Society
Lence, Sergio H.; Ott, Herve; Hart, Chad E., Long-term Futures Curves and Seasonal Structures of Wheat in the European Union and the United States, Forthcoming in Journal of Futures Markets
Al-Kaisi, Mahdi; Elmore, Roger; Guzman, Jose; Hanna, Mark; Hart, Chad E.; Helmers, Matthew J.; Hodgson, Erin; Lenssen, Andrew; Mallarino, Antonio; Robertson, Alison; Sawyer, John, Drought Impact on Crop Production and the Soil Environment: 2012 Experiences from Iowa, Journal of Soil and Water Conservation Vol. 68 no. 1 (January 2013): 19-24.
Singerman, Ariel; Hart, Chad E.; Lence, Sergio H., Revenue Protection for Organic Producers: Too Much or Too Little, Journal of Agricultural and Resource Economics Vol. 37 no. 3 (December 2012): 415-434.
Jin, Na; Lence, Sergio H.; Hart, Chad E.; Hayes, Dermot J., The Long-Term Structure of Commodity Futures, American Journal of Agricultural Economics Vol. 94 no. 3 (April 2012): 718-735.
Edwards, William M.; Hart, Chad E., Introduction to the US Livestock Revenue Insurance System, Farm Policy Journal Vol. 9 (2012): 47-51.
Secchi, Silvia; Kurkalova, Lyubov A.; Gassman, Philip W.; Hart, Chad E., Land Use Change in a Biofuels Hotspot: The Case of Iowa, Usa, Biomass and Bioenergy Vol. 35 no. 6 (June 2011): 2391-2400.
Yu, Tun-Hsiang; Hart, Chad E.; You, Wen, Evaluating Food-Fuel Trade-Offs Via Market Choice: The Case of Iowa Corn Producers, Green: The International Journal of Sustainable Energy Conversion and Storage Vol. 1 no. 1 (March 2011): 123-126.
Feng, Hongli; Hart, Chad E., Willingness to Pay for Surplus Sugar in the United States, Contemporary Economic Policy Vol. 28 no. 3 (July 2010): 429-437.
Paulson, Nicholas D.; Hart, Chad E.; Hayes, Dermot J., A Spatial Bayesian Approach to Weather Derivatives, Agricultural Finance Review Vol. 70 no. 1 (2010): 79-96.
Hayes, Dermot J.; Babcock, Bruce A.; Fabiosa, Jacinto F.; Tokgoz, Simla; Elobeid, Amani; Yu, Tun-Hsiang; Dong, Fengxia; Hart, Chad E.; Chavez, Eddie; Pan, Suwen; Carriquiry, Miguel A.; Dumortier, Jerome, Biofuels: Potential Production Capacity, Effects on Grain and Livestock Sectors, and Implications for Food Prices and Consumers, Journal of Agricultural and Applied Economics Vol. 41 no. 2 (August 2009): 465-491.
Paulson, Nicholas D.; Babcock, Bruce A.; Hart, Chad E.; Hayes, Dermot J., An Insurance Approach to Risk Management in the Ethanol Industry, Agricultural and Resource Economics Review Vol. 37 no. 1 (April 2008): 51-62.
Carriquiry, Miguel A.; Babcock, Bruce A.; Hart, Chad E., Using a Farmer's Beta for Improved Estimation of Expected Yields, Journal of Agricultural and Resource Economics Vol. 33 no. 1 (April 2008): 52-68.
Tokgoz, Simla; Elobeid, Amani; Fabiosa, Jacinto F.; Hayes, Dermot J.; Babcock, Bruce A.; Yu, Tun-Hsiang; Dong, Fengxia; Hart, Chad E., Bottlenecks, Drought, and Oil Price Spikes: Impact on U.S. Ethanol and Agricultural Sectors, Review of Agricultural Economics Vol. 30 no. 4 (Winter 2008): 604-622.
Elobeid, Amani; Hart, Chad E., Ethanol Expansion in the Food Versus Fuel Debate: How Will Developing Countries Fare?, Journal of Agricultural & Food Industrial Organization Vol. 5 no. 2 (December 2007)
Elobeid, Amani; Tokgoz, Simla; Hayes, Dermot J.; Babcock, Bruce A.; Hart, Chad E., Long-Run Impact of Corn-Based Ethanol on the Grain, Oilseed, and Livestock Sectors: A Preliminary Assessment, The, AgBioForum Vol. 10 no. 1 (2007): 11-18.
Hart, Chad E.; Hayes, Dermot J.; Babcock, Bruce A., Insuring Eggs in Baskets: Should the Government Insure Individual Risks?, Canadian Journal of Agricultural Economics Vol. 54 no. 1 (March 2006): 121-137.
Westhoff, Patrick C.; Brown, Scott; Hart, Chad E., When Point Estimates Miss the Point: Stochastic Modeling of WTO Restrictions, Journal of International Agricultural Trade and Development Vol. 2 (2006)
Babcock, Bruce A.; Hart, Chad E.; Hayes, Dermot J., Actuarial Fairness of Crop Insurance Rates with Constant Rate Relativities, American Journal of Agricultural Economics Vol. 86 no. 3 (August 2004): 563-575.
Hart, Chad E.; Lence, Sergio H., Financial Constraints and Farm Investment: A Bayesian Examination, Journal of Business & Economic Statistics Vol. 22 (2004): 51-63.
Hart, Chad E.; Babcock, Bruce A., U.S. Farm Policy and the World Trade Organization: How Do They Match Up?, Estey Centre Journal of International Law and Trade policy Vol. 3 (2002): 119-139.
Hart, Chad E.; Babcock, Bruce A.; Hayes, Dermot J., Livestock Revenue Insurance, Journal of Futures Markets Vol. 21 no. 6 (June 2001): 553-580.
Lence, Sergio H.; Hart, Chad E., Index Models and Land Allocation Reconsidered, Canadian Journal of Agricultural Economics Vol. 45 (1997): 267-284.

Books and Book Chapters/Sections Authored or Co-authored

Carriquiry, Miguel A.; Dong, Fengxia; Du, Xiaodong; Elobeid, Amani; Fabiosa, Jacinto F.; Hart, Chad E.; Hayes, Dermot J.; Kovarik, Karen P.; Tokgoz, Simla; Wailes, Eric J.; Chavez, Edward; Binfield, Julian; Brown, D. Scott; Gerlt, Scott; Madison, Daniel; Meyer, Seth D.; Meyers, William H.; Thompson, Wyatt; Westhoff, Patrick; Wilcox, Lori; Womack, Abner W., FAPRI 2009 U.S. And World Agricultural Outlook, Food and Agricultural Policy Research Institute, Ames, Iowa, No. FAPRI Staff Report 09-FSR 1 (January/February 2009)
Fabiosa, Jacinto F.; Beghin, John C.; Dong, Fengxia; Elobeid, Amani; Fuller, Frank H.; Hart, Chad E.; Matthey, Holger; Tokgoz, Simla; Yu, Tun-Hsiang; Wailes, Eric J., U.S. Proposal for WTO Agriculture Negotiations: Its Impact on U.S. And World Agriculture, Agricultural Subsidies, Bangalore, India, (2006)
Hart, Chad E.; Beghin, John C., Rethinking Agricultural Domestic Support Under the World Trade Organization, Agricultural Trade Reform and the Doha Development Agenda, Palgrave-Macmillan and the World Bank, Washington DC, (2006): 221-244.
Beghin, John C.; Fabiosa, Jacinto F.; Dong, Fengxia; Elobeid, Amani; Fuller, Frank H.; Hart, Chad E.; Matthey, Holger; Saak, Alexander E.; Tokgoz, Simla; Meyer, Seth D.; Wailes, Eric J., Factors Affecting World Agriculture, Perspectives in World Food and Agriculture 2004, Wiley-Blackwell, Vol. 2 (May 2005)
Babcock, Bruce A.; Fabiosa, Jacinto F.; Matthey, Holger; Isik, Murat; Tokgoz, Simla; Elobeid, Amani; Meyer, Seth D.; Fuller, Frank H.; Hart, Chad E.; Saak, Alexander; Kovarik, Karen P., Factors Affecting World Agriculture, Perspectives of World Food and Agriculture, No. 1 (2004)
Meyers, William H.; Helmar, Michael D.; Hart, Chad E., Modelling the Outcomes of Cap Reform, The Reform of the Common Agricultural Policy, London, (1998)
Hart, Chad E.; Helmar, Michael D.; Hayes, Dermot J.; Meyers, William H., Cap Reform Studies: A Comparison, the International Agricultural Trade Research Consortium (IATRC) Meeting Proceedings, (1993)

Published Proceedings

Hart, Chad E.; Lence, Sergio H., Bayesian Examination of Financial Constraints and Farm Investment, Proceedings of the Annual Meeting of the NC-221 Committee on Financing Agriculture and Rural America: Issues of Policy, Structure, and Technical Change, Denver, CO, October 7-8, 2002, South Dakota State University, Department of Economics, Econ Pamphlet 2003-1, (June 2003): 203-215.
Hart, Chad E.; Lence, Sergio H., Bayesian Examination of Agricultural Investment (A), Proceeding, 46th Agricultural Finance Conference: The Changing Nature of Agricultural Risks, University of Guelph, Canada, Department of Agricultural Economics and Business, Guelph, Canada, (October 4 1999): 1-28.

Extension Publications

Edwards, William M.; Hart, Chad E., Suggested Closing Inventory Prices, ISU Extension: Suggested Closing Inventory Prices, No. FM 1490 (November 2000)

Other Publications

Carriquiry, Miguel A.; Dong, Fengxia; Elobeid, Amani; Fabiosa, Jacinto F.; Hart, Chad E.; Hayes, Dermot J.; Kovarik, Karen P.; Ruan, Jun; Tokgoz, Simla; Yu, Tun-Hsiang; Wailes, Eric J.; Chavez, Edward; Binfield, Julian; Brown, D. Scott; Madison, Daniel; Meyer, Seth D.; Meyers, William H.; Thompson, Wyatt; Westhoff, Patrick; Wilcox, Lori; Womack, Abner W., FAPRI 2008 U.S. And World Agricultural Outlook, Vol. 08-FSR 1 no. 1534-4533 (January 2008)
Beghin, John C.; Dong, Fengxia; Elobeid, Amani; Fabiosa, Jacinto F.; Fuller, Frank H.; Hart, Chad E.; Kovarik, Karen P.; Tokgoz, Simla; Yu, Tun-Hsiang; Wailes, Eric J.; Chavez, Edward; Womack, Abner W.; Meyers, William H.; Binfield, Julian; Brown, D. Scott; Kruse, John; Madison, Daniel; Meyer, Seth D.; Westhoff, Patrick; Wilcox, Lori, FAPRI 2007 U.S. And World Agricultural Outlook, (January 2007)
Beghin, John C.; Dong, Fengxia; Elobeid, Amani; Fabiosa, Jacinto F.; Fuller, Frank H.; Hart, Chad E.; Kovarik, Karen P.; Tokgoz, Simla; Yu, Tun-Hsiang; Wailes, Eric J.; Chavez, Edward; Womack, Abner W.; Meyers, William H.; Binfield, Julian; Brown, D. Scott; Kruse, John; Madison, Daniel; Meyer, Seth D.; Westhoff, Patrick; Wilcox, Lori, FAPRI 2006 U.S. And World Agricultural Outlook, No. 06-FSR 1 (2006)
Beghin, John C.; Dong, Fengxia; Elobeid, Amani; Fabiosa, Jacinto F.; Fuller, Frank H.; Hart, Chad E.; Kovarik, Karen P.; Matthey, Holger; Saak, Alexander; Tokgoz, Simla; Meyer, Seth D.; Wailes, Eric J., FAPRI 2005 World Agricultural Outlook Briefing Book, (January 2005)
Babcock, Bruce A.; Hart, Chad E.; Adams, Gary M.; Westhoff, Patrick, Analysis of Risk Management Proposals, No. FAPRI Policy Working Paper #01-00 (February 2000)
Hart, Chad E.; Helmar, Michael D.; Hayes, Dermot J.; Meyers, William H., Cap Reform Studies: A Comparison, No. 94-GATT 18 (April 1 1994)

CARD Publications

August 2011

Price Analysis, Risk Assessment, and Insurance for Organic Crops
Ariel Singerman, Chad E. Hart, Sergio H. Lence
[11-PB 6]

April 2010

FAPRI 2010 U.S. and World Agricultural Outlook
FAPRI Staff
[10-FSR 1]

August 2009

2007/08 Iowa Grain and Biofuel Flow Study: A Survey Report, The
Tun-Hsiang (Edward) Yu, Chad E. Hart
[09-SR 103]

April 2009

FAPRI 2009 U.S. and World Agricultural Outlook
FAPRI Staff
[09-FSR 1]

March 2009

Biofuels: Potential Production Capacity, Effects on Grain and Livestock Sectors, and Implications for Food Prices and Consumers
Dermot J. Hayes, Bruce A. Babcock, Jacinto F. Fabiosa, Simla Tokgoz, Amani Elobeid, Tun-Hsiang (Edward) Yu, Fengxia Dong, Chad E. Hart, Ed Chavez, Suwen Pan, Miguel Carriquiry, Jerome Dumortier
[09-WP 487]

October 2008

2006/07 Iowa Grain and Biofuel Flow Study: A Survey Report, The
Tun-Hsiang (Edward) Yu, Chad E. Hart
[08-SR 102]

April 2008

FAPRI 2008 U.S. and World Agricultural Outlook
FAPRI Staff
[08-FSR 1]
View Full Text

July 2007

Emerging Biofuels: Outlook of Effects on U.S. Grain, Oilseed, and Livestock Markets
Simla Tokgoz, Amani Elobeid, Jacinto F. Fabiosa, Dermot J. Hayes, Bruce A. Babcock, Tun-Hsiang (Edward) Yu, Fengxia Dong, Chad E. Hart, John C. Beghin
[07-SR 101]
(Revised)

January 2007

FAPRI 2007 U.S. and World Agricultural Outlook
FAPRI Staff
[07-FSR 1]
View Full Text

November 2006

Long-Run Impact of Corn-Based Ethanol on the Grain, Oilseed, and Livestock Sectors: A Preliminary Assessment, The
Amani Elobeid, Simla Tokgoz, Dermot J. Hayes, Bruce A. Babcock, Chad E. Hart
[06-BP 49]

January 2006

FAPRI 2006 U.S. and World Agricultural Outlook
FAPRI Staff
[06-FSR 1]
View Full Text

December 2005

U.S. Proposal for WTO Agriculture Negotiations: Its Impact on U.S. and World Agriculture
FAPRI Staff
[05-WP 417]

November 2005

How Much "Safety" Is Available under the U.S. Proposal to the WTO?
Bruce A. Babcock, Chad E. Hart
[05-BP 48]

April 2005

Influence of the Premium Subsidy on Farmers' Crop Insurance Coverage Decisions
Bruce A. Babcock, Chad E. Hart
[05-WP 393]

March 2005

Using a Farmer's Beta for Improved Estimation of Actual Production History (APH) Yields
Miguel Carriquiry, Bruce A. Babcock, Chad E. Hart
[05-WP 387]

February 2005

Risk Management Instruments for Water Reallocations
Chad E. Hart
[05-BP 46]

ARPA Subsidies, Unit Choice, and Reform of the U.S. Crop Insurance Program
Bruce A. Babcock, Chad E. Hart
[05-BP 45]

Loan Deficiency Payments versus Countercyclical Payments: Do We Need Both for a Price Safety Net?
Chad E. Hart, Bruce A. Babcock
[05-BP 44]

January 2005

FAPRI 2005 U.S. and World Agricultural Outlook
FAPRI Staff
[05-FSR 1]
View Full Text

November 2004

Rethinking Agricultural Domestic Support under the World Trade Organization
Chad E. Hart, John C. Beghin
[04-BP 43]

April 2004

Insuring Uncertainty in Value-Added Agriculture: Ethanol Production
Nick D. Paulson, Bruce A. Babcock, Chad E. Hart, Dermot J. Hayes
[04-WP 360]

January 2004

FAPRI 2004 U.S. and World Agricultural Outlook
FAPRI Staff
[04-FSR 1]
View Full Text

July 2003

Insuring Eggs in Baskets
Chad E. Hart, Dermot J. Hayes, Bruce A. Babcock
[03-WP 339]

June 2003

Analysis of the Proposed Doha Round Modalities, An
FAPRI Staff, Bruce A. Babcock, Jacinto F. Fabiosa, Holger Matthey, Murat Isik, Simla Tokgoz, Amani Elobeid, Chad E. Hart, Frank H. Fuller, Seth Meyer
[03-SR 98]

January 2003

FAPRI 2003 U.S. and World Agricultural Outlook
FAPRI Staff
[03-FSR 1]
View Full Text

November 2002

Doha Round of the World Trade Organization: Appraising Further Liberalization of Agricultural Markets, The
Bruce A. Babcock, John C. Beghin, Jacinto F. Fabiosa, Stephane De Cara, Amani Elobeid, Cheng Fang, Chad E. Hart, Murat Isik, Holger Matthey, Alexander E. Saak, Karen Kovarik, FAPRI Staff
[02-WP 317]

April 2002

Crop Insurance Rates and the Laws of Probability
Bruce A. Babcock, Chad E. Hart, Dermot J. Hayes
[02-WP 298]

February 2002

U.S. Farm Policy and the World Trade Organization: How Do They Match Up?
Chad E. Hart, Bruce A. Babcock
[02-WP 294]

January 2002

FAPRI 2002 U.S. and World Agricultural Outlook
FAPRI Staff
[02-FSR 1]
View Full Text

October 2001

Construction of a "Green Box" Countercyclical Program
Bruce A. Babcock, Chad E. Hart
[01-BP 36]

September 2001

Effects of Adding a Target Revenue Program and Soybean Fixed Decoupled Payments to Current Farm Programs
Chad E. Hart, Bruce A. Babcock
[01-BP 35]

May 2001

Impact of a 10 Percent Decrease in Planted Acreage of All U.S. Program Crops
FAPRI Staff, Bruce A. Babcock, John C. Beghin, Frank H. Fuller, Jacinto F. Fabiosa, Cheng Fang, Chad E. Hart, Holger Matthey, Stephane De Cara
[01-BP 33]

Implications of the WTO on the Redesign of U.S. Farm Policy
Chad E. Hart, Bruce A. Babcock
[01-BP 32]

February 2001

Rankings of Risk Management Strategies Combining Crop Insurance Products and Marketing Positions
Chad E. Hart, Bruce A. Babcock
[01-WP 267]

January 2001

Livestock Revenue Insurance
Chad E. Hart, Bruce A. Babcock, Dermot J. Hayes
[99-WP 224]
(Revised)

FAPRI 2001 U.S. and World Agricultural Outlook
FAPRI Staff
[01-FSR 1]
View Full Text

December 2000

Counter-Cyclical Agricultural Program Payments: Is It Time to Look at Revenue?
Chad E. Hart, Bruce A. Babcock
[99-BP 28]
(Revised)

August 2000

Time for a New Farmer-Owned Reserve?
Chad E. Hart, Bruce A. Babcock
[00-BP 31]

March 2000

Farm-Level Analysis of Risk Management Proposals
Bruce A. Babcock, Chad E. Hart, Gary M. Adams, Patrick C. Westhoff
[00-WP 238]

January 2000

FAPRI 2000 World Agricultural Outlook
FAPRI Staff
[00-FSR 2]
View Full Text

FAPRI 2000 U.S. Agricultural Outlook
FAPRI Staff
[00-FSR 1]
View Full Text

June 1999

Analysis of the Berlin Accord Reforms of the European Union's Common Agricultural Policy
Bruce A. Babcock, John C. Beghin, Samarendu Mohanty, Frank H. Fuller, Jacinto F. Fabiosa, Sudhir Chaudhary, Phillip Kaus, Cheng Fang, Chad E. Hart, Karen Kovarik
[99-BP 24]

January 1999

FAPRI 1999 World Agricultural Outlook
FAPRI Staff
[99-FSR 2]
View Full Text

FAPRI 1999 U.S. Agricultural Outlook
FAPRI Staff
[99-FSR 1]
View Full Text

Eligibility and Payment Requirements of the Disaster Assistance Package
Chad E. Hart
[99-BP 21]

July 1998

FAPRI Baseline Model of the Federal Crop Insurance Program, The
Chad E. Hart, Darnell B. Smith
[98-TR 40]

March 1998

FAPRI Analysis of the Proposed 'Agenda 2000' European Union CAP Reforms
William H. Meyers, Abner W. Womack, Dermot J. Hayes, Darnell B. Smith, Samarendu Mohanty, Sudhir Chaudhary, Steven L. Elmore, Jacinto F. Fabiosa, Frank H. Fuller, Chad E. Hart, Karen Kovarik
[98-WP 191]

January 1998

FAPRI 1998 World Agricultural Outlook
FAPRI Staff
[98-FSR 2]
View Full Text

FAPRI 1998 U.S. Agricultural Outlook
FAPRI Staff
[98-FSR 1]
View Full Text

January 1997

FAPRI 1997 World Agricultural Outlook
FAPRI Staff
[97-FSR 2]
View Full Text

FAPRI 1997 U.S. Agricultural Outlook
FAPRI Staff
[97-FSR 1]
View Full Text

August 1996

Computing Average Per Acre Indemnity Payments for Corn in Iowa
Chad E. Hart, Darnell B. Smith
[96-WP 163]

March 1996

Estimating the Costs of MPCI Under the 1994 Crop Insurance Reform Act
Chad E. Hart, Darnell B. Smith
[96-WP 158]

January 1996

FAPRI 1996 World Agricultural Outlook
FAPRI Staff
[96-FSR 2]
View Full Text