Join Richard Preston and Cory Walters as they explains how they have been using Analytica to help the farmers. Richard has a PhD. from Yale and has worked as an educator, researcher, physicist (at Los Alamos Labs) and now a farmer. Cory is a farmer and assistant professor at the University of Nebraska focusing on Agricultural Economics.
Farmers have always been exposed to risk. Yields are uncertain; prices are uncertain. In the past most agricultural education had been geared toward maximizing income. Decisions were made by comparing averages of different management choices. In today’s uncertain world, it is time to think about risk. Analytica provides the perfect platform for Agricultural Economists to explore the tradeoff between risk and profit at the farm level.
Modeling, whether in Molecular Physics or Ag Economics, is a journey. These farm financial models that were created by Richard and Cory Walter’s have evolved through time and they are hoping to share how you can use Analytica and how they built these models.