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Cameron Thraen

Cameron Thraen

Cameron Thraen
Cameron Thraen
Associate Professor
Contact Information

325 Agricultural Administration Building
2120 Fyffe Road
Columbus, Ohio 43210
thraen.1@osu.edu
Telephone: 614-292-2702
Fax: 614-292-0078

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Degree information

B.S., Economics, Northern State College (1972)
M.S., Economics, South Dakota State University (1974)
Ph.D., Ag. Economics, University of Minnesota (1981)

Primary research interests are in applied mathematical optimization and statistical and econometric modeling of economic functions and efficiency of agricultural markets. This includes the quantitative modeling of agricultural and agribusiness decision processes, applied commodity price forecasting using Bayesian times-series techniques; and the development and application of advanced econometric methods to the study of futures markets. Dr. Thraen is studying the commodity market contracts for milk, cheese, butter and nonfat dry milk; trading on the Chicago Mercantile Exchange. Dr. Thraen is also co-director of the National Program for Integrated Dairy Risk Management Education and Research, a national program to develop educational materials and computer software for the dairy industry. He is active in state and national dairy industry activities and teaches applied mathematical optimization and agribusiness marketing.

Dr. Thraen has received numerous awards for his work with the dairy industry, both here in Ohio and at the national and international level.  

Dr. Thraen is co-recipient of the 2000 Award for Professional Excellence- Distinguished Extension Programs- Group presented by the American Association of Agricultural Economists.  This award was in recognition of the National Program for Integrated Dairy Risk Management Education and Research, co-directed by Dr. Thraen.

Dr. Thraen is a co-recipient of the 1992 Outstanding Journal Article Award presented by the Canadian Agricultural Economics and Farm Management Society.  This award was in recognition of the economic analysis contributed to understanding the implications of the Canadian-U.S. Free Trade Agreement.

Dr. Thraen was a co-recipient of the 1987 National Merit Award, Soil Conservation Society of America.  This award was presented for the book Conserving Soil: Insights from Socioeconomic Research, Soil Conservation Society of America.

Dr. Thraen is a co-recipient of the 1987 Award for Professional Excellence- Distinguished Extension Programs – Group presented by the American Agricultural Economics Association.  This award was in recognition of the economic analysis contributed to the educational program on the Dairy Herd Buyout Program.

Interests

Marketing, Price Analysis, Econometrics  - Marketing, Applied Price Analysis, Mathematical Optimization Modeling, Applied Econometric Forecasting - Managing price risk using dairy futures, options and cash markets; Econometric modeling of agricultural markets' functions and efficiency; Applied mathematical optimization and agribusiness modeling; Advanced econometric methods to study futures markets and applied forecasting; Bayesian conditional forecasting for agricultural commodities.

Research

Applied price analysis, forecasting, commodity price analysis, risk management and quantitative risk and decision analysis.  Rule and regulations regarding the marketing and pricing of milk and dairy products in the United States.  Specialist in the pricing of milk under Federal Milk Marketing Orders.  Specialist in the economics associated with Federal Milk Marketing Order 33 pricing and pooling regulations.  Current research focused on the use of futures and options, Livestock Gross Margin Insurance for the U.S. dairy sector.

The creation of a Dairy Market Stabilization Program (DMSP) is a current topic of contention in the discussion of United States federal dairy policy. DMSP is designed to speed up income over feed cost (IOFC) margin recovery through triggered disincentives for milk production. This federally...
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November 2, 2013
This study examines the risk management opportunities for fluid milk market participants in the United States through the use of milk futures contracts. We estimate the nature of basis risk from 2002–2011 using modern time-series and econometric techniques. The results of this investigation reveal...
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July 24, 2013
By M. Bozic, J. Newton, C.S. Thraen, B.W. Gould With the increased volatility of feed prices, dairy farm managers are no longer concerned with managing only milk price volatility, but are considering the adoption of risk management programs that address income over feed cost (IOFC) margin risk...
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October 5, 2012
Post on the website Farmdoc Daily . Read: The Land of "MILC and Honey" .
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September 27, 2013
Presented at The Ohio State University's 2013-2014 Agricultural Policy and Outlook Conference Series Dean's Preview Meeting on November 25, 2013.
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November 25, 2013
This paper reports our analysis, to-date, of expected short-term impacts of two major dairy safety net policy proposals popularly referred to as the Dairy Security Act (DSA) and the Goodlatte-Scott Amendment (G-S). Our results suggest that both DSA and G-S are very effective in providing...
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April 15, 2013
In this edition of Market & Policy Watch 2012, I will review a couple of trends in U.S. milk production and milk price and provide an outlook for milk prices and dairy farm returns for the next six to twelve months. Also covered will be an update on the Dairy Security Act and an exciting new...
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November 1, 2012
Confused as to why you might need some level of milk income over feed insurance? This paper is a must read for every dairy farmer. "Why I may need Dairy Insurance" demonstrates that knowledge of the 'net equity' on the balance sheet is all important. (written with a focus on Livestock Gross Margin...
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March 30, 2012
Takes a look at the provisions of the proposed legislation and provides an economic assessment of the impact of dairy farm operations.
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October 12, 2011
The paper "The Evidence for Bias in the Dairy Security Act of 2011 Dairy Producer Margin Protection Program" considers the claim that this program is biased in favor of large scale dairy producers. The opposite conclusion is reached using a more thorough economic analysis.
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October 12, 2011
Addresses the impact of the MILC program on the effective dairy price support. The MILC program effectively creates a 'tilted' price support program, with higher support for smaller scale producers.
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January 10, 2007
Provides an economic exposition on margins in dairy markets. This paper explains the 'why' on the margin, or 'make allowance', in federal order pricing.
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September 15, 2006
Presented at The Ohio State University's 2013-2014 Agricultural Policy and Outlook Conference Series Dean's Preview Meeting on November 25, 2013.
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Date published:
November 25, 2013
Course number Course title Semesters offered
AED ECON 3102 Principles of Agribusiness Marketing Autumn, Spring
AED ECON 4002.02 Operations Research in Agribusiness and Applied Economics Autumn, Spring
AED ECON 6120 Applied Quantitative Methods II Spring
AED ECON 7999 Research Hours Autumn, Spring
Research from Cameron Thraen will be featured in a webinar from 8 to 9 a.m. March 26 designed to offer dairy producers training on how the new dairy title in the 2014 farm bill will impact their agricultural businesses. The webinar will review the new dairy producer income-over-feed-cost margin protection program, which represents the most comprehensive reform to the U.S. federal dairy farm safety net seen in decades.
A dairy safety net alternative formulated recently by a pair of dairy economists at Ohio State is currently being discussed by lawmakers as a potential compromise to possibly end the dairy standoff that is one of the latest roadblocks in getting a new farm bill passed.
Attend one of the dozen agricultural policy and outlook county meetings to be held throughout Ohio in December 2013. The meetings will feature presentations from AEDE experts on policy changes, key issues and market behavior with respect to farm, food and energy resources, and the environment.
Of the many issues to be resolved in the House and Senate versions of the farm bill, the safety net proposals in the dairy title currently present the most significant shift in federal dairy income support policy that the U.S. has seen in the past 60 years, Cameron Thraen recently said at the opening of the 2013-2014 Agricultural Policy and Outlook Conference Series.
The 2013 meeting of the Agricultural and Applied Economics Association (AAEA) will be held from August 4-6, 2013 in Washington D.C. AEDE will have a very strong presence at the gathering with more than two dozen faculty and students in attendance. AEDE faculty and graduate students will also present their research at a number of the meeting's events.
AEDE graduate student John Newton was recently offered a prestigious fellowship to work with the United States Senate Committee on Agriculture, Nutrition and Forestry during the summer of 2013. The U.S. Senate Committee on Agriculture, Nutrition and Forestry works on a number of federal policy proposals related to the nation’s food and energy resources, including the 2013 farm bill.
AEDE Associate Professor Cameron Thraen and PhD student John Newton released new analysis this week evaluating the potential financial benefits and costs associated with the two major dairy safety net policy proposals being debated as part of the dairy subtitle of the 2013 farm bill.
Dairy farmers can insure against low income over feed margins with an insurance product, Livestock Gross Margin (LGM) insurance, offered through crop insurance agents and underwritten by the USDA Risk Management Agency. Structuring this product to provide the best level of protection against low...
The 2012 Annual Meeting of the Agricultural & Applied Economics Association (AAEA) will be held from August 12-14, 2012 in Seattle, Washington. AAEA is the premier professional organization for agricultural applied economists. The yearly meeting enables faculty and students from AEDE to...
At the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management held April 16 and 17 in St. Louis, Missouri, Cameron Thraen and John Newton presented “Road Block to Risk Management - How Federal Milk Marketing Orders Create Excessive Basis Risk on Class 1...
April 14, 2014
Cameron Thraen in Capital Press
April 5, 2014
Cameron Thraen in Dairy Herd Management
March 31, 2014
Cameron Thraen in Dairy Herd Management
March 24, 2014
Cameron Thraen in Dairy Herd Management
March 14, 2014
Research by Carl Zulauf and Cameron Thraen in Farm Futures
March 4, 2014
Cameron Thraen in Progressive Dairyman
February 24, 2014
Cameron Thraen in AgWeb
February 19, 2014
Cameron Thraen in the International Dairy Foods Association
February 18, 2014
Research by Cameron Thraen in Dairy Herd Network
February 11, 2014
Research by Cameron Thraen in Farm and Dairy

Pages

Cameron Thraen, AEDE Associate Professor, presents a summary of his presentation at the 2013-2014 Agricultural Policy and Outlook Conference Series, "MILC and Insurance: A Common Sense Dairy Safety Net".
Dec 12 2013 - 9:00am to 3:00pm
Fisher Auditorium OARDC, 1680 Madison Ave. Wooster, OH 9:30am – 3:00pm, $10/person Pre-register by December 5, call the Wayne County Extension office at 330-264-8722, or RSVP by email to: lewandowski.11@osu.edu Speakers: Cameron Thraen , Matt Roberts , Carl Zulauf The Ohio State University...
Dec 19 2012 - 10:00am to 12:00pm
Location: Frateral Order of the Eagles, 400 Eastlake Drive, Ashland, Ohio 44805 Speakers: Cameron S. Thraen , Carl Zulauf , Ian Sheldon , Matthew C. Roberts The Ohio State University Agricultural Outlook and Policy Conferences are organized yearly by AEDE. The conferences feature a series of...