The College of Agricultural Sciences

Agricultural and Resource Economics

Connect:

Dr. Stephen R. Koontz

KoontzS

 

Professor

Ph.D.: University of Illinois

B324 Clark Bldg.

(970) 491-7032

stephen.koontz@colostate.edu

Research Interests:

My research interests are focused on commercial commodity agricultural markets of significance in Colorado. These industries include cattle and beef, feed grains, wheat, forage and dairy. My research examines market and price analysis tools, forecasting and modeling methods, and linkage of those tools with agribusiness and risk management. My research also includes long-term scholarly interests in industrial organization, econometric methods, and experimental economics. My most recent projects have involved examining the impact of alternative marketing methods used in livestock industries on the performance of cash markets, examining alternative trading and ownership institutions in experimental economic markets, the impact of ethanol demand on corn and other commodity markets, the economic value of sorting fed cattle, and the economics of animal disease control and insurance.

Courses:

AREC 412 – Agricultural Commodities Marketing
AREC 510 – Agricultural Product Marketing
AREC/ECON 535 – Applied Econometrics
AREC/ECON 635 – Econometric Theory I
AREC792A – Econometric Theory I

Selected Publications, Presentations and Projects:

Selected Publications

Muth, M.K., S.C. Cates, M. Coglaiti, S. Karns, Y. Liu, J. Taylor, C. Viator, J. Del Roccili, M. Asher, S.R. Koontz, J. Lawrence, J. Schroeter, G. Brester, J. Atwood, J. Marsh, and B. Martin. GIPSA Livestock and Meat Marketing Study – Volume 3: Fed Cattle and Beef Industry – Final Report. Prepared for Grain Inspection, Packers, and Stockyards Administration, USDA Contract No. 53-32KW-4-028. RTI International, RTI Project Number 09230. January 2007.

Muth, M.K., S.C. Cates, M. Coglaiti, S. Karns, J. Taylor, C. Viator, J. Del Roccili, S.R. Koontz, and J. Lawrence. GIPSA Livestock and Meat Marketing Study – Volume 6: Meat Distribution and Sales – Final Report. Prepared for Grain Inspection, Packers, and Stockyards Administration, USDA Contract No. 53-32KW-4-028. RTI International, RTI Project Number 09230. January 2007.

Koontz, S.R., D.L. Hoag, D.T. Thilmany, J. Green, and J. Grannis (Co-Editors). Economics of Livestock Disease Insurance: Principles, Issues, and Worldwide Cases. London: CABI Publishing, March 2006. ISBN: 978-0-85199-077-4. 288 pp.

Koontz, S.R., (Guest Editor.) Economics of the Red Meat and Dairy Industries. Veterinary Clinics of North America – Food Animal Practice – Volume 19 and Issue 2. Philadelphia PA: W.B. Saunders, July 2003. ISSN: 0749-0720. 280 pp.

Purcell, W.D., and S.R. Koontz. Agricultural Futures and Options: Principles and Strategies, Second Edition. New York: Prentice Hall, 1999. ISBN: 0-13-779943-8. 400 pp.

Koontz, S.R., D.L. Hoag, J.R. Brethour, and J.L. Walker. “Production Inefficiency in Fed Cattle Marketing Institutions and the Value of Sorting Pens into Alternative Marketing Groups using Ultrasound Technology.” Journal of Agricultural and Applied economics (forthcoming).

Liu, Y., M.K. Muth, S.R. Koontz, and J.D. Lawrence. “Impacts of Alternative Marketing Agreement Cattle Procurement Volumes on Fed Cattle Transaction Prices and Risk.” Journal of agricultural and Resource Economics, 33 (April 2008): 118-135

Platter, W.J., J.D. Tatum1, K.E. Belk, S.R. Koontz, P.L. Chapman, and G.C. Smith. “Effects of Marbling and Shear Force on Consumers’ Willingness-to-Pay for Beef Strip Loin Steaks.” Journal of Animal Sciences 83(2005): 890-899.

Schaefer, M.P., R.J. Myers, and S.R. Koontz. “Rational Expectations and Market Efficiency in the U.S. Live Cattle Futures Market: The Role of Proprietary Information.” Journal of Futures Markets 23(May 2004): 429-451.

Ward, C.E., S.R. Koontz, T.L. Dowty, D.S. Peel and J.N. Trapp. “Marketing Agreement Impacts in an Experimental Market for Fed Cattle.” American Journal of Agricultural Economics 81(May 1999): 347-358.

Ward, C.E., S.R. Koontz, and T.C. Schroeder. “The Impacts of Captive Supplies on Fed Cattle Transaction Prices.” Journal of Agricultural and Resource Economics 23(December 1998): 494-514.

Anderson, J.D., C.E. Ward, S.R. Koontz, D.S. Peel and J.N. Trapp. “Experimental Simulation of Public Information Impacts on Price Discovery and Marketing Efficiency in the Fed Cattle Market.” Journal of Agricultural and Resource Economics 23(July 1998): 262-278.

Bastian, C.T., S.R. Koontz, and D.J. Menkhaus. “Impacts of Forward Contract Information on Market Pricing and Production Efficiency in Fed Cattle Markets: Results from an Experiment.” Working Paper.

Liu, Y., M.K. Muth, S.R. Koontz, and J.D. Lawrence. “The Role of Marketing Arrangements and Valuation Methods in Improving Beef Quality.” Working Paper.

Koontz, S.R., M.K. Muth, and J.D. Lawrence. “Impacts of Alternative Marketing Agreement Cattle Procurement Volumes on Packer Costs: Evidence from Plant-Level P&L Data.” Working Paper.

Presentations

Liu, Y., M.K. Muth, S.R. Koontz, and J.D. Lawrence. “Impacts of Alternative Marketing Agreement Cattle Procurement Volumes on Fed Cattle Transaction Prices and Qualities.” Organized Symposium Paper, Western Agricultural Economics Association Meeting, Portland, Oregon, July-August 2007.

Koontz, S.R., M.K. Muth, and J.D. Lawrence. “Impacts of Alternative Marketing Agreement Cattle Procurement Volumes on Packer Gross Margins, Costs, and Profits: Evidence from Plant-Level P&L Data.” Organized Symposium Paper, Western Agricultural Economics Association Meeting, Portland, Oregon, July-August 2007.

Liu, Y., M.K. Muth, S.R. Koontz, and J.D. Lawrence. “Impacts of Alternative Marketing Agreement Cattle Procurement Volumes on Fed Cattle Transaction Prices and Qualities.” NCCC-134 Conference on Applied Price Analysis, Forecasting, and Market Risk Management, Chicago, Illinois, April 2007.

Lawrence, J.D., M.K. Muth, J. Taylor, and S.R. Koontz. “Meat Processors Purchasing and Sale Practices: Lessons Learned from the GIPSA Livestock and Meat Marketing Study.” NCCC-134 Conference on Applied Price Analysis, Forecasting, and Market Risk Management, Chicago, Illinois, April 2007.

Koontz, S.R., M.K. Muth, and J.D. Lawrence. “Impacts of Alternative Marketing Agreement Cattle Procurement Volumes on Packer Costs: Evidence from Plant-Level P&L Data.” NCCC-134 Conference on Applied Price Analysis, Forecasting, and Market Risk Management, Chicago, Illinois, April 2007.

“Ethanol and the Corn Market.” Department of Animal Sciences Seminar, Colorado State University, April 2007.

“Commodity Markets and Biofuels: What Impacts Are Here Now and What Are Coming?” Invited Presentation at the Colorado State University Research Colloquium, Biofuels: Challenges and Opportunities, Office of the Vice President of Research, Colorado State University, Fort Collins, Colorado, April 2007.

“Grain Market Outlook,” presentation for dairy producers and members of AgLand Cooperative. Lucerne, Colorado, August, 2007.

“Grain Market Outlook.” Presentation for agricultural lenders attending the Independent Bankers of Colorado’s 19th Annual Agricultural Conference, Golden, Colorado, May 2007.

“Commodity Market Outlook,” presentation at the Lower Arkansas Valley Water Conservancy District, Farm, Ranch and Water Symposium. Rocky Ford, Colorado, February, 2007.

Base Appointment:

Resident Instruction, Research, and Outreach