Post Doctoral Fellow

Uasys; Fayetteville (AR); On-site; USD 60,000 - 80,000; Full time

Job summary

The Fryar Center for Price Risk Management at the University of Arkansas System Division of Agriculture seeks a Postdoctoral Fellow in agricultural economics to advance applied research on hedging, pricing, and market insights for farmers and industry.

The fellow will develop decision-support tools, dashboards, and reports, collaborate with Center faculty, and disseminate findings to stakeholders through presentations and outreach materials.

Qualifications

• PhD in agricultural economics or economics.

Responsibilities

• Develop interaction hedging tools and risk management models for farm operations.
• Summarize USDA reports and create market outlooks for decision-making.
• Develop WASDE dashboards and related analytics for the Fryar Center.

Education

PhD in agricultural economics or economics

Job description

The University of Arkansas System Division of Agriculture is a state wide campus, with faculty based on University campuses, at Research and Extension Centers and in every Arkansas county. It consists of the Arkansas Agricultural Experiment Station (AES) and the Arkansas Cooperative Extension Service (CES), and is home to more than 1400 employees. The Division was established in 1959 and is headed by the Vice-President for Agriculture. The Division headquarters is located in Little Rock with the rest of the University of Arkansas System Administration. As an employer, the University of Arkansas System Division of Agriculture offers a vibrant work environment and a workplace culture that promotes a healthy work-life balance.

Institution Name:

Division of Agriculture of the University of Arkansas

Type of Position:

Researchers

Workstudy Position:

No

Job Type:

Fixed Duration of Project/Grant (Fixed Term)

Sponsorship Available:

No

Department:

AEAB | Agricultural Economics and Agribusiness

If you have a disability and need assistance with the hiring process and require reasonable accommodations, please contact the Division's Office of Program & Employment Compliance at [e-mail].

For general application assistance or if you have questions about a job posting, please contact Human Resources at 501-671-2219 or 479-502-9820.

Summary of Job Duties:

• Interactive Hedging Tool Hedging decision tools for a broad range of row crop and livestock farm operations will be developed, and the tools will be made freely available from the Fryar Center website. Locking in profitable margins is a key aspect of farmer marketing, and the decision tools will guide farmers on what margins they may expect to earn based on a range of hedging strategies and market price outcomes. Farmers will enter key variables through a user-friendly interface related to their expected outputs and inputs and their choice of marketing strategy. For example, a row crop farmer would enter information about their planted acres, expected yields, production costs/acre, storage costs, and basis levels in their local markets. Based on these variables, the decision tools will generate a range of potential profit margins and the associated likelihood of each outcome. The tools will generate different market pricing outcomes based on current and historical prices under various supply and demand conditions. The tools will help farmers make informed risk-return marketing decisions under different market pricing scenarios.
• Monthly USDA report summaries USDA reports (WASDE, grain stocks, cattle on feed) provide important pricing information based on current supply and demand conditions across commodity markets. Industry (from farmers to end users) uses this information to make hedging and marketing decisions. Our monthly report summary will provide an in-depth overview of how supply and demand numbers have changed since the previous report and how they compare with the market’s expectations (taken from Bloomberg) before the report’s release. It will summarize futures price and calendar spread price movements based on the latest supply and demand picture. The report will also provide a Fryar forecast of future price ranges that markets will likely trade at (broken down into high, mid, and low ranges). The forecasts will be generated by stocks to use models and the options market’s implied volatility. These price ranges will provide useful information for industry to make hedging and marketing decisions and can be used as inputs for Fryar Center hedging decision tools. The report will also give general hedging advice based on current market conditions, and it will highlight profitable pricing conditions (i.e., when new crop futures are higher than national average production costs per bushel). Markets with profitable prices will be highlighted in black, and those with unprofitable prices in red. The report can be supplemented with a podcast explaining why prices moved in a certain direction. Once the report format is established, it will be relatively easy to update monthly. The key goal is to provide a central source of information about USDA reports that will be useful to a wide variety of industry users and policymakers.
• Interactive WASDE Dashboard The Fryar Center will develop an interactive USDA WASDE dashboard and make it available through the Fryar Center website. The dashboard will provide agricultural producers, industry participants, and policymakers with market implications of new WASDE reports. It will summarize important changes in supply and demand estimates, compare new information with market expectations and previous reports, and show how futures markets respond following each WASDE release. The dashboard will also provide historical context to help users evaluate the significance of new WASDE information and associated market movements. The underlying data and analytical framework will be designed so the dashboard can be updated following each WASDE release and expanded across major agricultural commodities. The goal is to create a permanent Fryar Center resource that translates WASDE information into timely and useful information for commodity marketing and price risk management decisions.

The position is designed to advance the strategic priorities and broader mission of the Fryar Price Risk Management Center of Excellence. Accordingly, the Postdoctoral Fellow's work will be organized around Center-defined research, outreach, and engagement priorities rather than an independent research agenda. Outputs from this position will be considered collaborative products of the Fryar Center and should be developed, presented, and disseminated in ways that strengthen the Center's visibility, reputation, and collective impact.

The primary measure of success for this position will be the consistent development and delivery of high-quality, impactful products aligned with the objectives outlined above. The emphasis will be on producing applied research, reports, outreach materials, decision-support tools, presentations, and other deliverables that advance the Center's mission and provide value to agricultural stakeholders. Traditional academic journal publication will not be a primary expectation.

The Postdoctoral Fellow will meet monthly with Fryar Center faculty to report progress, discuss challenges, establish priorities, and ensure that ongoing activities remain aligned with Center objectives. Because the position is intended to support an integrated Center-wide research and outreach agenda, the Postdoctoral Fellow must receive approval from the Director of the Fryar Center before initiating research projects or major activities outside the priorities and objectives established for the position.

Qualifications:

PhD in agricultural economics or economics.

Salary Information:

Commensurate with education and experience

Required Documents to Apply:

Cover Letter/Letter of Application, Curriculum Vitae, List of three Professional References (name, email, business title)

Recruitment Contact Information:

Tonya Foster [e-mail]

Pre-employment Screening Requirements:

Criminal Background Check, Motor Vehicle Reports Check

The University of Arkansas System Division of Agriculture may conduct pre-employment background checks on certain positions for applicants being considered for employment.The background checks may include a criminal background check and a sex offender registry check.Required checks are identified in the position listing.A criminal background check or arrest pending adjudication information alone shall not disqualify an applicant in the absences of a relationship to the requirements of the position.Background check information will be used in a consistent, non-discriminatory manner consistent with the state and federal law.

The University of Arkansas is an equal opportunity institution. The University does not discriminate in its education programs or activities (including in admission and employment) on the basis of any category or status protected by law, including age, race, color, national origin, disability, religion, protected veteran status, military service, genetic information, sex, sexual preference, or pregnancy. Questions or concerns about the application of Title IX, which prohibits discrimination on the basis of sex, may be sent to the University’s Title IX Coordinator and to the U.S. Department of Education Office for Civil Rights.

Persons must have proof of legal authority to work in the United States on the first day of employment.

All application information is subject to public disclosure under the Arkansas Freedom of Information Act.

Constant Physical Activity:

Manipulate items with fingers, including keyboarding, Repetitive Motion

Frequent Physical Activity:

Sitting, Talking, Walking

Occasional Physical Activity:

Feeling, Hearing

Benefits Eligible:

No