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Mark Manfredo

Mark Manfredo

Director and Professor, Morrison School of Agribusiness, W.P. Carey School of Business

manfredo@asu.edu

480-727-1040

Morrison School of Agribusiness, Polytechnic Campus
Arizona State University
7271 E Sonoran Arroyo Mall
Mesa, AZ 85212

Titles

  • Director and Professor, Morrison School of Agribusiness, W.P. Carey School of Business

Biography

Mark Manfredo is a professor and director of the Morrison School of Agribusiness at the W. P. Carey School of Business.

His research focuses on commodity price analysis and agribusiness risk management, with particular emphasis on futures and options markets and price forecasting. His work has appeared in leading applied economics and agribusiness journals including the American Journal of Agricultural Economics, Journal of Agricultural and Resource Economics, Journal of Agricultural and Applied Economics, Applied Financial Economics, Energy Economics, Agribusiness: An International Journal, and Agricultural Finance Review as well leading business journals such as the Journal of Public Policy and Marketing, Journal of Supply Chain Management, and Journal of Business Logistics.

Professor Manfredo served as the co-chairman of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management (2007-2011), and is currently a member of the editorial review board at Agribusiness: An International Journal. At Arizona State University, he teaches courses in futures and options markets and agribusiness finance at both the undergraduate and graduate levels, and has also served as a faculty honors advisor for Barrett, The Honors College.

In 2007, he received ASU’s Faculty Achievement Award for Teaching/Instruction Excellence by the Office of the Provost, and was also presented with the Western Agricultural Economics Association Outstanding Undergraduate Teaching Award that same year.

He currently serves on the board of directors of the Arizona Food Marketing Alliance

Education

  • PhD, Agricultural Economics, University of Illinois at Urbana-Champaign, 1999
  • MS, Agricultural Economics, New Mexico State University, 1994
  • BS, Agricultural Business, California State University, 1992

Journal Articles

2015

Lewis, K. E., I. A. Altman, M. R. Manfredo and D. R. Sanders. 2015. Risk premiums and forward basis: Evidence from the soybean oil market. Agribusiness: An International Journal 31(3):388-398. DOI: 10.1002/agr.21410. (link )

2013

Manno, P. T., J. Bravo, M. R. Manfredo and R. C. Leon. 2013. Water markets and sustainable water use in Almeria, Spain -- assessing the readiness for organizational change. World Journal of Entrepreneurship, Management and Sustainable Development 9(4):208-222. DOI: 10.1108/WJEMSD-01-2013-0012 . (link )

2012

Lewis, K. E. and M. R. Manfredo. 2012. An evalutaion of the USDA sugar production and consumption forecasts. Journal of Agribusiness 30(2):155-172. (link )

2011

Manfredo, M. R., D. R. Sanders and W. D. Scott. 2011. Analyst's earnings estimates for publicly traded food companies: How good are they?. Agribusiness: An International Journal 27(3):261-279. DOI: 10.1002/agr.20268. (link )

2009

Acharya, R. N., A. Kagan and M. R. Manfredo. 2009. Impact of rising fuel cost on perishable product procurement. Journal of Busiess Logistics 30(1):223-242. DOI: 10.1002/j.2158-1592.2009.tb00106.x . (link )

Manfredo, M. R. and T. J. Richards. 2009. Hedging with weather derivatives: A role for options in reducing basic risk. Applied Financial Economics 19(2):87-97. DOI: 10.1080/09603100701765166. (link )

Sanders, D., I. A. Altman, M. R. Manfredo and R. Anderson. 2009. Using USDA production forecasts: Adjusting for smoothing. Journal of the American Society of Farm Managers and Rural Appraisers 2009:1-9. (link )

Sanders, D. R., M. R. Manfredo and K. Boris. 2009. Evaluating information in multiple horizon forecasts: The DOE's energy price forecasts. Energy Economics 31(2):189-196. DOI: 10.1016/j.eneco.2008.08.010. (link )

2008

Manfredo, M. R. and D. R. Sanders. 2008. Multiple horizons and information in the DOE's energy supply forecasts: A direct test for information content. Southwestern Economic Review 35(2008):53-66. (link )

Manfredo, M. R. and D. R. Sanders. 2008. Price discovery in a private cash forward market for lumber. Journal of Forest Economics 14(1):73-89. DOI: 10.1016/j.jfe.2007.04.003. (link )

Richards, T. J., J. Eaves, M. R. Manfredo, S. E. Naranjo, C. Chu and T. J. Henneberry. 2008. Spatial-temporal model of insect growth, diffusion and derivative pricing. American Journal of Agricultural Economics 90(4):962-978. DOI: 10.1111/j.1467-8276.2008.01170.x. (link )

Sanders, D. R., P. Garcia and M. R. Manfredo. 2008. Information content in deferred futures prices: Live cattle and hogs. Journal of Agirucltural and Resource Economics 33(1):87-98. (link )

Sanders, D. R., M. R. Manfredo and K. Boris. 2008. Accurracy and efficiency in the U.S. Department of Energy's short-term supply forecasts. Energy Economics 30(3):1192-1207. DOI: 10.1016/j.eneco.2007.01.011. (link )

2007

Manfredo, M. R. and T. J. Richards. 2007. Cooperative risk management, rationale, and effectiveness: The case of dairy cooperatives. Agricultural Finance Review 67(2):311-339. DOI: 10.1108/00214660780001211. (link )

Manfredo, M. R. and C. J. Shultz II. 2007. Risk, trade, recovery, and the consideration of real options: The imperative coordination of policy, marketing, and fianance in the wake of catastrophe. Journal of Public Policy & Marketing 26(1):35-48. DOI: 10.1509/jppm.26.1.33. (link )

Sanders, D. R. and M. R. Manfredo. 2007. Rationality of U.S. Department of Agriculture livestock price forecasts: A unified approach. Journal of Agricultural and Applied Economics 39(1):75-85. DOI: 10.1017/S1074070800022768. (link )

2006

Sanders, D. R. and M. R. Manfredo. 2006. Forecasting basis levels in the soybean complex: A comparison of time series methods. Journal of Agricultural and Applied Economics 38(3):513-523. DOI: 10.1017/S1074070800022586. (link )

2005

Manfredo, M. R. and D. R. Sanders. 2005. Revenue insurance for Spanish wine grapes. Journal of International Agricultural Trade and Development 1(2):149-168.

Sanders, D. R., G. A. Apgar and M. R. Manfredo. 2005. Using farm-level data to improve marketing and planning: An illustration with live hogs. Journal of the American Society of Farm Managers and Rural Appraisers 68(2005):42=49. (link )

Sanders, D. R. and M. R. Manfredo. 2005. Forecast encompassing as the necessary condition to reject futures market efficiency: Fluid milk futures. American Journal of Agirucultural Economics 87(3):610-620. DOI: 10.1111/j.1467-8276.2005.00751.x. (link )

2004

Manfredo, M. R. and D. R. Sanders. 2004. The forecasting performance of implied volatility from live cattle options contracts: Implications for agribusiness risk management. Agribusiness: An International Journal 20(2):217-330. DOI: 10.1002/agr.20003 . (link )

Manfredo, M. R. and D. R. Sanders. 2004. The value of public price forecasts Additional evidence in the live hog market. Journal of Agribusiness 22(2):11-131. (link )

Richards, T. J., M. R. Manfredo and D. R. Sanders. 2004. Pricing weather derivatives. American Journal of Agricultural Economics 86(4):1005-1017. DOI: 10.1111/j.0002-9092.2004.00649.x. (link )

Sanders, D. R., K. Boris and M. R. Manfredo. 2004. Hedgers, funds, and small speculators in the energy futures markets: an analysis of the CFTC's Commitments of Traders reports. Energy Economics 26(3):425-445. DOI: 10.1016/j.eneco.2004.04.010. (link )

Sanders, D. R. and M. R. Manfredo. 2004. Comparing hedging effectiveness: An application of the encompassing principle. Journal of Agricultural and Resource Economics 29(1):31-44. (link )

Sanders, D. R. and M. R. Manfredo. 2004. Predicting pork supplied: An appreciation of multiple forescast encompassing. Journal of Agiricultural and Applied Economics 36(3):605-615. DOI: 10.1017/S1074070800026894. (link )

2003

Manfredo, M. R. and D. R. Sanders. 2003. Contract design: A note on cash settled futures. Journal of Agricultural and Food Industrial Organization 1(1):Art. 8. DOI: 10.2202/1542-0485.1005. (link )

Richards, T. J. and M. R. Manfredo. 2003. Cooperative mergers and acquisitions: The role of capital constraints. Journal of Agricultural and Resource Economics 28(1):152-168. (link )

Richards, T. J. and M. R. Manfredo. 2003. Infrequent shocks and rating revenue insurance: A contingent claims approach. Journal of Agricultural and Resource Economics 28(2):233-251. (link )

Richards, T. J. and M. R. Manfredo. 2003. Post-merger performance of agricultural cooperatives. Agricultural Finance Review 63(2):175-192. DOI: 10.1108/00215070380001148. (link )

Sanders, D. R. and M. R. Manfredo. 2003. USDA livestock price forecasts: A comprehensive evaluation. Journal of Agricultural and Resource Economics 28(2):316-334. (link )

Sanders, D. R., M. R. Manfredo and T. D. Greer. 2003. Hedging spot corn: An examination of the Minneapolis Grain Exchange's settled corn contract. Journal of Agribusiness 21(2003):65-81.

2002

Sanders, D. R. and M. R. Manfredo. 2002. The role of value-at-risk in purchasing: An application to the foodservice industry. Journal of Supply Chain Management 38(1):38-45. DOI: 10.1111/j.1745-493X.2002.tb00128.x. (link )

Sanders, D. R. and M. R. Manfredo. 2002. The white shrimp futures market: Lesson in contract design and marketing. Agribusiness 18(4):505-522. DOI: 10.1002/agr.10035. (link )

Sanders, D. R. and M. R. Manfredo. 2002. USDA production forecasts for pork, beef, and broilers: An evaluation. Journal of Agricultural and Resource Economics 27(1):114-127. (link )

2001

Manfredo, M. R. and R. M. Leuthold. 2001. Market risk and the cattle feeding margin: An application of value-at-risk. Agribusiness 17(3):333-353. DOI: 10.1002/agr.1020 . (link )

Manfredo, M. R., R. M. Leuthold and S. H. Irwin. 2001. Forecasting fed cattle, feeder cattle, and corn cash price volatility: The accuracy of time series, implied volatility, and composite approaches. Journal of Agricultural and Applied Economics 33(3):523-538. DOI: 10.1017/S1074070800020988. (link )

1999

Manfredo, M. R. and R. M. Leuthold. 1999. Value-at-risk analysis: A review and the potential for agricultural applications. Review of Agricultural Economics 21(1):99-111. DOI: 10.2307/1349974. (link )

1998

Manfredo, M. R. and J. D. Libbin. 1998. The development of index futures contracts for fruits and vegetables. Journal of Agribusiness 16(1):1-22. (link )

Book Chapters

2006

Ramirez, A. and M. R. Manfredo. 2006. Revenue insurance for Spanish wine grapes. In: Miljkovic, D. ed., New Topics in International Agricultural Trade and Development. ISBN: 978-1600210839.