David A. Hennessy

Hennessy, David A.
Professor

Contact Information

Iowa State University
578C Heady Hall
Ames, IA 50011
(515) 294-6171
hennessy@iastate.edu
Personal Website

Education

  • PhD, Iowa State University, 1993
  • Master of Agricultural Science, University College Dublin, 1989
  • Bachelor of Agricultural Science, University College Dublin, 1987

Research Interests

Industrial organization, policy, production, finance, animal health.

Selected Publications

Awards and Honors

  • Editor, American Journal of Agricultural Economics, 2010-2014
  • Proceedings Issue Editor, American Journal of Agricultural Economics, 2010-2014
  • Fellow, Agricultural and Applied Economics Association
  • Associate Editor, American Journal of Agricultural Economics, 2002-2005
  • AAEA, Food Safety and Nutrition Section, award winner for Best Economics Paper published in 2006
  • Editorial Council, Journal of Agricultural and Resource Economics, 2001-2004
  • Western Agricultural Economics Association award winner for Outstanding Published Research, 1995
Professor

David Hennessy is a professor in the Department of Economics and Center for Agricultural and Rural Development, where he leads a program of research on industrialization in agriculture and the role of information in farm-level production decisions and in the provision of safe food. His research also investigates systemic risks in the agricultural sector. Hennessy received his bachelor's and master's degrees in agricultural science in his native Ireland at the University College Dublin, National University of Ireland. He received his Ph.D. in agricultural economics at Iowa State University in 1993. Before joining the economics faculty at Iowa State University, Hennessy was an agricultural economist and assistant professor at Washington State University. The Iowa State University College of Agriculture awarded the “Early Achievement in Research” distinction to Hennessy for the 1999-2000 academic year. He is a Fellow of the Agricultural and Applied Economics Association and has served as a co-editor of the American JOurnal of Agricultural Economics. In addition to his research efforts, he teaches courses in commodity market analysis, business economics, agribusiness management, demand and supply systems, and decision analysis.

ISU Economics Working Papers Series

Journal Articles

Books and Book Chapters/Sections Authored or Co-authored

Published Proceedings

Extension Publications

  • Ginder, Roger; Hennessy, David A.; Jolly, Robert W.; Heffernan, Keith; Baumel, C. Phillip, Responses in the Input Supply Sector, ISU Agriculture and Home Economics Experiment Station: Agriculture in the 21st Century -- Surviving and Thriving,, (March 1999): 41-44.

Other Publications

CARD Publications

February 2014
Rationality of Choices in Subsidized Crop Insurance Markets
Xiaodong Du, Hongli Feng, David A. Hennessy
[14-WP 545]

October 2013
Biosecurity and Disease Management in China’s Animal Agriculture Sector
Xinjie Wei, Wanlong Lin, David A. Hennessy
[13-WP 542]

Strategic Interactions Among Private and Public Efforts when Preventing and Stamping Out an Highly Infectious Animal Disease
David A. Hennessy, Tong Wang
[13-WP 541]

July 2013
Biosecurity Externalities and Indemnities for Infectious Animal Diseases
David A. Hennessy
[13-WP 539]

February 2013
Native Grassland Conversion: the Roles of Risk Intervention and Switching Costs USDA PRC publication
Ruiqing Miao, David A. Hennessy, Hongli Feng
[13-WP 536]

September 2012
Effects of Crop Insurance Subsidies and Sodsaver on Land Use Change, The USDA PRC publication
Ruiqing Miao, David A. Hennessy, Hongli Feng
[12-WP 530]

April 2012
Modeling Interdependent Participation Incentives: Dynamics of a Voluntary Livestock Disease Control Program
Tong Wang, David A. Hennessy
[12-WP 527]

September 2010
Investment in Cellulosic Biofuel Refineries: Do Renewable Identification Numbers Matter?
Ruiqing Miao, David A. Hennessy, Bruce A. Babcock
[10-WP 514]

Where Are the Veterinarian Shortage Areas Anyway?
Tong Wang, David A. Hennessy, Annette M. O'Connor
[10-WP 513]

Animal Disease and the Industrialization of Agriculture
David A. Hennessy, Tong Wang
[10-WP 512]

August 2010
Testing Day's Conjecture that More Nitrogen Decreases Crop Yield Skewness
Xiaodong Du, David A. Hennessy, Cindy L. Yu
[10-WP 511]

November 2009
Crop Yield Expectation Stochastic Process with Beta Distribution as Limit, A
David A. Hennessy
[09-WP 501]

October 2009
Paradox for Agro-Environmental Land Policy, A
David A. Hennessy, Hongli Feng
[09-WP 499]

September 2009
Impact of Biofuels Policy on Agribusiness Stock Prices, The
Fatma Sine Tepe, Xiaodong Du, David A. Hennessy
[09-WP 497]

July 2009
Land Retirement Program Design in the Presence of Crop Insurance Subsidies
David A. Hennessy
[09-WP 495]

Pass-Through in United States Beef Cattle Prices
Huan Zhao, Xiaodong Du, David A. Hennessy
[09-WP 494]

November 2008
Buying Ecological Services: Nature's Harmonies, Fragmented Reserves and the Agricultural Extensification Debate
David A. Hennessy, Harvey E. Lapan
[08-WP 482]

October 2008
Does a Rising Biofuels Tide Raise All Boats? A Study of Cash Rent Determinants for Iowa Farmland under Hay and Pasture
Xiaodong Du, David A. Hennessy, William M. Edwards
[08-WP 479]

June 2008
Toward a Normative Theory of Crop Yield Skewness
David A. Hennessy
[08-WP 473]

Contract and Exit Decisions in Finisher Hog Production
Fengxia Dong, David A. Hennessy, Helen H. Jensen
[08-WP 469]

February 2008
Planting Real Option in Cash Rent Valuation, The
Xiaodong Du, David A. Hennessy
[08-WP 463]

November 2007
Coordinating to Eradicate Animal Disease, and the Role of Insurance Markets
David A. Hennessy
[07-WP 457]

October 2007
Determinants of Iowa Cropland Cash Rental Rates: Testing Ricardian Rent Theory
Xiaodong Du, David A. Hennessy, William M. Edwards
[07-WP 454]

July 2007
Crop Yield Skewness under the Law of Minimum Technology
David A. Hennessy
[07-WP 451]

March 2007
Economic Aspects of Agricultural and Food Biosecurity in the United States
David A. Hennessy
[07-WP 444]

September 2006
Economies of Feedlot Scale, Biosecurity, Investment, and Endemic Livestock Disease
David A. Hennessy
[06-WP 433]

December 2005
Behavioral Incentives, Equilibrium Endemic Disease, and Health Management Policy for Farmed Animals
David A. Hennessy
[05-WP 418]

November 2005
Biosecurity and Infectious Animal Disease
David A. Hennessy
[05-WP 413]

October 2005
Production and Abatement Distortions under Noisy Green Taxes
Hongli Feng, David A. Hennessy
[05-WP 409]

June 2005
Informed Control Over Inputs and Extent of Industrial Processing
David A. Hennessy
[05-WP 398]

Feeding and the Equilibrium Feeder Animal Price-Weight Schedule
David A. Hennessy
[05-WP 395]

February 2005
Evaluating the Saskatchewan Short-Term Hog Loan Program
Donald Lien, David A. Hennessy
[05-WP 385]

December 2004
Seasonality, Capital Inflexibility, and the Industrialization of Animal Production
Jutta Roosen, David A. Hennessy, Thia C. Hennessy
[04-WP 351]
(Revised)

November 2004
Product Development, Cost Seasonality, Region Marginalization, and a More Demanding Consumer
David A. Hennessy
[04-WP 378]

August 2004
On Monoculture and the Structure of Crop Rotations
David A. Hennessy
[04-WP 369]

July 2004
Infectious Disease, Productivity, and Scale in Open and Closed Animal Production Systems
David A. Hennessy, Jutta Roosen, Helen H. Jensen
[04-WP 367]

October 2003
Slaughterhouse Rules: Human Error, Food Safety, and Uniformity in Meat Packing
David A. Hennessy
[03-WP 346]

June 2003
Ledger Provision in Hog Marketing Contracts
David A. Hennessy, Donald Lien
[03-WP 336]

April 2003
Genetic Information in Agricultural Productivity and Product Development
David A. Hennessy, John Miranowski, Bruce A. Babcock
[03-WP 329]

February 2003
Testing for the Monotone Likelihood Ratio Assumption
Jutta Roosen, David A. Hennessy
[03-WP 325]

January 2003
Cost-Based Model of Seasonal Production, with Application to Milk Policy, A
David A. Hennessy, Jutta Roosen
[03-WP 323]

December 2002
On the Demand for a State-Contingent, Cost-Saving Seed Trait
David A. Hennessy, Alexander E. Saak
[02-WP 321]

April 2002
Systemic Failure in the Provision of Safe Food
David A. Hennessy, Jutta Roosen, Helen H. Jensen
[02-WP 299]

June 1997
Budgetary and Producer Welfare Effects of Revenue Insurance, The
David A. Hennessy, Bruce A. Babcock, Dermot J. Hayes
[97-WP 180]

March 1996
Effects of Site-Specific Management on the Application of Agricultural Inputs
David A. Hennessy, Bruce A. Babcock, Timothy E. Fiez
[96-WP 156]

July 1995
Applications of Contingent Claims Theory to Microeconomic Problems
David A. Hennessy
[95-M 7]

February 1995
Budgetary and Resource Allocation Effects of Revenue Assurance
David A. Hennessy, Bruce A. Babcock, Dermot J. Hayes
[95-WP 130]

Budgetary and Resource Allocation Effects of Revenue Assurance: Summary of Results, The
David A. Hennessy, Bruce A. Babcock, Dermot J. Hayes
[95-BP 7]

February 1994
EC Livestock Sector: Policy, Trade, and Research, The
Dermot J. Hayes, John Murphy, David A. Hennessy
[94-GATT 8]

Economic Analysis of the Impact of Changes in the EC's Milk Quota, An
David A. Hennessy, Dermot J. Hayes
[94-GATT 3]

October 1991
Structure of EC Agriculture: Implications for CAP Reform and GATT, The
Patrick C. Westhoff, David A. Hennessy
[92-GATT 2]

March 1991
Determining Winners and Losers from a GATT Agreement: The Importance of Base Periods and Rules
Brian L. Buhr, James Hansen, Zuhair A. Hassan, Dermot J. Hayes, Michael D. Helmar, David A. Hennessy, Stanley R. Johnson, Deborah L. Stephens, Kyle J. Stephens, Patrick C. Westhoff
[91-GATT 2]

January 1991
Implications of a GATT Agreement for World Commodity Markets, 1991-2000. Scenario A: Modern Support Reductions of 50-33-33 with Expenditure Disciplines on Export Subsidies
Brian L. Buhr, James Hansen, Zuhair A. Hassan, Dermot J. Hayes, Michael D. Helmar, David A. Hennessy, William H. Meyers, Deborah L. Stephens, Kyle J. Stephens, Patrick C. Westhoff
[91-GATT 1]

Current Semester Courses

Econ 537. Commodity Markets: Analysis and Strategy

Section 1
Beyer 2308
TR 9:30-10:45