Assistant Professor and Zaitz Family
Sesquicentennial Faculty Fellow in Agricultural Finance and Business
- Doctorate University of Illinois, 2008
- Bachelor of Science Frostburg State University, 2003
Dr. Woodard is an assistant professor and the Zaitz Family Faculty Fellow of Agricultural Business and Finance. His work focuses primarily on risk and policy issues in agricultural finance including risk management, banking, and insurance, with special emphases on empirical applications, spatial data analysis, weather risk, and large scale data analysis. He also specializes in the design, analysis, and evaluation of insurance programs, and has developed several crop insurance products currently sold in the market. He is the founder of Ag-Analytics.org, a live open data/open source data integration and automation platform. He teaches financial analytics, agricultural banking, and agricultural finance, and also oversees the Farm Credit Fellows program. He has published in a wide variety of journals in agricultural finance and economics, risk management, and insurance, and is also an authorized Expert Reviewer Underwriter for the Federal Crop Insurance Corporation to review plans of insurance for USDA and the Federal Crop Insurance Program. He also serves in a variety of leadership roles within professional associations.
- Woodard, J. D., & Verteramo, L. (2017). Efficiency Impacts of Utilizing Soil Data in the Pricing of the Federal Crop Insurance Program. American Journal of Agricultural Economics. 99:757-772.
- Woodard, J. D. (2016). Integrating High Resolution Soil Data into Federal Crop Insurance Policy: Implications for Policy and Conservation. Environmental Science & Policy. 66:93-100.
- Woodard, J. D. (2016). Data Science and Management for Large Scale Empirical Applications in Agricultural and Applied Economics Research. Applied Economic Perspectives and Policy. 38:373-388.
- Woodard, J. D., Shee, A., & Mude, A. (2016). A Spatial Econometric Approach to Designing and Rating Scalable Index Insurance in the Presence of Missing Data. The Geneva Papers on Risk and Insurance - Issues and Practice. 41:259-279.
- Woodard, J. D. (2014). Impacts of Weather and Time Horizon Selection on Crop Insurance Ratemaking: A Conditional Distribution Approach. The North American Actuarial Journal. 18:279-293.
- Woodard, J. D., Schnitkey, G. D., Sherrick, B. J., Lozano-Gracia, N., & Anselin, L. (2012). A Spatial Econometric Analysis of Loss Experience in the U.S. Crop Insurance Program. Journal of Risk and Insurance. 79:261-186.
- Woodard, J. D., Pavlista, A. D., Schnitkey, G. D., Ward, K., & Burgener, P. (2012). Government Insurance Program Design, Incentive Effects, and Technology Adoption: The Case of Skip-Row Crop Insurance. American Journal of Agricultural Economics. 94:823-837.
- Woodard, J. D., Sherrick, B. J., & Schnitkey, G. D. (2011). Actuarial Impacts of Loss Cost Ratio Ratemaking in U.S. Crop Insurance Programs. Journal of Agricultural and Resource Economics. 36:211-228.
- Woodard, J. D., & Sherrick, B. J. (2011). Estimation of Mixture Models using Cross-Validation Optimization: Implications for Crop Yield Distribution Modeling. American Journal of Agricultural Economics. 93:968-982.
- Woodard, J. D., Sherrick, B., & Schnitkey, G. (2010). Revenue Risk Reduction Impacts of Crop Insurance in a Multi-Crop Framework. Applied Economic Perspectives and Policies. 32:472-488.
Presentations and Activities
- Applications of Big Data in Agricultural Risk Management and Finance. 4th International Agricultural Risk, Finance, and Insurance Conference (IARFIC). June 2015. Washington, D.C.
- Invited Talk: Data Integration in Agricultural Economics Research. American Enterprise Institute Emerging Scholars Workshop. February 2015.
- Discussion Panel (Moderator/Organizer): Innovations in Index-Based Insurance. 3rd International Agricultural Risk, Finance, and Insurance Conference. 2014. Zurich, Switzerland.
- Technological and Spatial Effects on Agricultural Yield Forecasts under Climate Change. Agricultural and Applied Economics Association Annual Meeting. 2014. Agricultural and Applied Economics Association (AAEA).
- Invited Seminar: A Spatial Panel Approach to Modeling Livestock Mortality Insurance in Kenya in the Presence of Missing Data. Department of Statistics and Actuarial Science Seminar. November 2012. Department of Statistics and Actuarial Science, University of Waterloo. Waterloo, Ontario, Canada.