Mark Manfredo

Associate Dean for W. P. Carey School at ASU Polytechnic & Director
Faculty w/Admin Appointment
POLY Campus
Mailcode
2080
Director, Morrison School of Agribusiness
Faculty w/Admin Appointment
POLY Campus
Mailcode
2080

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 MarketingJournal of Supply Chain Management, and Journal of Business Logistics.

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 ASUs 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  University of Illinois at Urbana-Champaign, 1999
  • MS  New Mexico State University, 1994
  • BS  California State University, 1992

Research Interests

  • Agribusiness Risk Management  
  • Forecasting 
  • Forecast Evaluation in Commodity Markets
  • Futures and Options Markets
  • Financial Management of Agribusiness Firms
  • Volatility Forecasting
  • Value-at-Risk Analysis
  • Derivatives Contract Design and Development
  • Evaluation of Hedging
  • Risk Management Strategies
  • Financial Performance of Agribusiness Enterprises 

Publications

  • Manfredo, M.R., Sanders, D.R., and Scott, W.D. Analyst’s Earnings Estimates for Publicly Traded Food Companies: How Good Are They. Agribusiness: An International Journal (2011).
  • . . Review of: Economics and the Future: Time and Discounting in Private and Public Decision Making (2010).
  • Dwight Sanders, Mark Manfredo, Boris Keith. Evaluating Informaiton in Multiple Horizon Forecasts: The DOE's Energy Price Forecasts. Energy Economics (2009).
  • Mark Manfredo. Impact of Rising Fuel Cost on Perishable Commodity Outsourcing. Journal of Business Logistics (2009).
  • Mark Manfredo, T Richards. Hedging with Weather Derivatives: A Role for Options in Reducing Basis Risk. Applied Financial Economics (2009).
  • Sanders, D.R., Altman, I.J, Manfredo, M.R. and Anderson, R. Using USDA Production Forecasts: Adjusting for Smoothing. Journal of the American Society of Farm Managers and Rural Appraisers (2009).
  • Dwight Sanders, Mark Manfredo. Multiple Horizons and Information in USDA Production Forecasts. Agribusiness: An International Journal (2008).
  • Dwight Sanders, Philip Garcia, Mark Manfredo. Information Content in Deferred Futures Prices: Live Cattle and Hogs. Journal of Agricultural and Resource Economics (2008).
  • Mark Manfredo, D Sanders. Multiple Horizons and Information in the DOE's Energy Supply Forecasts: A Direct Test for Information Content. Southwest Economic Review (2008).
  • Mark Manfredo, D Sanders, K Boris. Accuracy and Efficiency in the U.S. Department of Energy's Short-term Supply Forecasts - Forthcoming. Energy Economics (2008).
  • Mark Manfredo, Dwight Sanders. Price Discovery in a Private Cash Forward Market for Lumber. Journal of Forest Economics (2008).
  • Richards, T.J, Eaves, J., Manfredo, M., Narajo, S.E., Chu, C.-C, and Henneberry, T.J. Spatial-Temporal Model of Insect Growth, Diffusion, and Derivative Pricing. American Journal of Agricultural Economics (2008).
  • Mark Manfredo, C Shultz. The Imperative Coordination of Policy, Marketing, and Finance in the Wake of Catastrophe. Journal of Public Policy & Marketing (2007).
  • Mark Manfredo, T Richards. Cooperative Risk Management: Rationale and Effectiveness. Agricultural Finance Review (2007).
  • Sanders, Dwight, Garcia, Philip, Manfredo, Mark. The Information Content in Deferred Futures Prices for Non-Storable Commodities. (2007).
  • D Sanders, Mark Manfredo. Forecasting Basis Levels in the Soybean Complex: A Comparison of Time Series Models. Journal of Agricultural and Applied Economics (2006).
  • . . New Topics in International Agricultural Trade and Development (2006).
  • Manfredo, Mark, Sanders, D. Contribution to Price Discovery in the Forest product Markets: Futures ,Forwords, and Spot Markets. (2006).
  • Manfredo, Mark, Sanders, D. Is the Local Basis Really Local?. (2006).
  • Sanders, D, Manfredo, Mark. Multiple Horizons and Information in USDA Production Forecasts. (2006).
  • D Sanders, G Apgar, Mark Manfredo. Using farm-Level data to improve Marketing and planning: An IIlustration with Live Hogs. Journal of the American Society of Farm Managers and Rural Appraisers (2005).
  • Dwight Sanders, Mark Manfredo. Forecast Encompassing as the Necessary Condition to Reject Futures Market Efficiency: Fluid Milk Futures. American Journal of Agricultural Economics (2005).
  • Mark Manfredo, M Manfredo, D Sanders. Revenue Insurance for Spanish Wine Grapes. Journal of International Agricultural Trade and Development (2005).
  • Manfredo, Mark, Sanders, D. Assessing Forecast Performance of Private Cash Forward Markets: The Case of Guaranteed Forward Pricing for Lumber. (2005).
  • Richards, Timothy, Eaves, James, Manfredo, Mark. Bug Options: Managing Insect Risk in California Specialty Crops. (2005).
  • Richards, Timothy, Fournier, V, Manfredo, Mark, Eaves, J. Bug Options: Managing Multi-Period Pest Risk in California Specialty Crops. (2005).
  • Richards, Timothy, Manfredo, Mark. Hedging Yied with Weather Derivatives:A role for options. (2005).
  • Sanders, D, Manfredo, Mark. A Test of Forecast Consistency Using USDA Livestock Price Forecast. (2005).
  • D Sanders, Mark Manfredo. Futures-Based Forcasts for Budgeting and Planning. Journal of Business Forcasting:Methods and Systems (2004).
  • Dwight Sanders, Mark Manfredo. Comparing Hedging Effectiveness: An Application of the Encompassing Principle. Journal of Agricultural and Resource Economics (2004).
  • Dwight Sanders, Mark Manfredo. Forecasting Commodity Price with Futures Contract Prices. The Journal of Business Forecasting Methods & Systems (2004).
  • Dwight Sanders, Mark Manfredo. Predicting Pork Supplies: An Application of Multiple Forecast Encompassing. Journal of Agricultural and Applied Economics (2004).
  • Dwiht Sanders, Keith Boris, Mark Manfredo. Hedgers, funds, and small speculators in the energy futures markets: an analysis of the CFTC's Commitments of Traders reports. Energy Economics (2004).
  • Mark Manfredo, D Sanders. The Value of Public Price Forecasts: Addtional Evidence in the Live Hog market. Journal of Agribusiness (2004).
  • Mark Manfredo, Dwight Sanders. The Forecasting Performance of Implied Volatility from Live Cattle Options Contracts: Implications for Agribusiness Risk Management. Agribusiness (2004).
  • Manfredo, Mark, Sanders, D. Forecast Encompassing and Futures Market Efficiency: The Case of Milk Futures. (2004).
  • Richards, Timothy, Fleege, T, Manfredo, Mark, Sanders, D. The Performance of Weather Derivatives in Managing Risks of Speciality Crops. (2004).
  • Richards, Timothy, Manfredo, Mark. Mergers and Acquisitions among Agricultural Cooperatives: Why and to What Effect?. (2004).
  • Sanders, D, Manfredo, Mark. Re-Considering the Necessary Condition for Futures Market Efficiency: An Application to Dairy Futures. (2004).
  • D Sanders, Mark Manfredo, T Greer. Hedging Spot Corn: An Examination of the Minneapolis Grain Exchange's Cash Settled Corn Contract. Journal of Agribusiness (2003).
  • Dwight Sanders, Mark Manfredo. USDA Livestock Price Forecasts: A Comprehensive Evaluation. Journal of Agricultural and Resource Economics (2003).
  • Mark Manfredo, Dwight Sanders. Contract Design: A Note on Cash Settled Futures. Journal of Agricultural and Food Industrial Organization (2003).
  • Timothy Richards, Mark Manfredo. Cooperative Mergers and Acquisitions: The Role of Capital Constraints. Journal of Agricultural and Resource Economics (2003).
  • Manfredo, Mark, Sanders, D. Minimum variance Hedging and the Encompassing Principle: Assessing the Effectiveness of Futures Hedges. (2003).
  • Richards, Timothy, Manfredo, Mark. Risk Management Strategies for Dairy Cooperatives. (2003).
  • Richards, Timothy, Manfredo, Mark, Sanders, D. Pricing Weather Derivatives for Agricultural Risk Management. (2003).
  • Richards, Timothy, McDermott, S, Manfredo, Mark. Agricultural Cooperatives and Risk Management : Impact on Financial Performance. (2003).
  • Richards, Timothy, McDermott, S, Manfredo, Mark. Risk Management Techniques for Agricultural Cooperatives. (2003).
  • Shultz, Clifford, Burkink, T, Manfredo, Mark, Grbac, B, Renko, N, Damjan, J. Rising from the Ashes: Food marketing Contributions to Sustainable Peace and Prosperity in the Recovering Economics of the former Yugoslavia. (2003).
  • Dwight Manfredo, Mark Manfredo. The Role of Value-at-Risk in Purchasing: An Application to the Foodservice Industry. The Journal of Supply Chain Management (2002).
  • Dwight Sanders, Mark Manfredo. The White Shrimp Futures Market: Lessons in Contract Design and Marketing. Agribusiness: An International Journal (2002).
  • Mark Manfredo, Raymond Leuthold. Market Risk and the Cattle Feeding Margin: An Application of Value-at-Risk. Agribusiness: An International Journal (2001).
  • Mark Manfredo, Raymond Leuthold, Scott Irwin. 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 (2001).
  • Mark Manfredo, Raymond Leuthold. Value-at-Risk Analysis: A Review and the Potential for Agricultural Applications. Review of Agricultural Economics (1999).

Research Activity

Courses

Fall 2017
Course NumberCourse Title
AGB 435Commodity Future and Opt Mkts
AGB 499Individualized Instruction
AGB 595Continuing Registration
Summer 2017
Course NumberCourse Title
AGB 595Continuing Registration
AGB 792Research
Fall 2016
Course NumberCourse Title
AGB 435Commodity Future and Opt Mkts
AGB 499Individualized Instruction
Summer 2016
Course NumberCourse Title
AGB 595Continuing Registration
AGB 792Research
Fall 2015
Course NumberCourse Title
AGB 435Commodity Future and Opt Mkts
AGB 499Individualized Instruction
Summer 2015
Course NumberCourse Title
AGB 484Internship
AGB 595Continuing Registration
AGB 792Research
Fall 2014
Course NumberCourse Title
AGB 435Commodity Future and Opt Mkts
AGB 484Internship
AGB 499Individualized Instruction
AGB 584Internship
Summer 2014
Course NumberCourse Title
AGB 484Internship
AGB 592Research
Spring 2014
Course NumberCourse Title
AGB 431Agribusiness Financial Mgt
AGB 532Advanced Agribusiness Finance
Fall 2013
Course NumberCourse Title
AGB 590Reading and Conference
AGB 592Research
AGB 595Continuing Registration
AGB 599Thesis
Spring 2013
Course NumberCourse Title
AGB 431Intermed Agribus Financl Mgmt
AGB 532Advanced Agribusiness Finance
AGB 702Advanced Agribusiness II

Service

  • Agribusiness: An International Journal, Editorial Board Member (2011 - Present)
  • Barrett: The Honors College, Faculty Honors Advisor for W.P. Carey Majors at ASU Polytechnic Campus (2011 - Present)
  • Barrett: The Honors College, Faculty Honors Advisor for W.P. Carey Majors at ASU Polytechnic Campus (2011 - Present)
  • Dean's Council - CTI, Member - Unit Representative (2011 - Present)
  • ASU Undergraduate Admissions Office, Faculty Presenter - Out of State Recruiting (2011 - Present)
  • ASU Undergraduate Admissions Office, Faculty Presenter - Out of State Recruiting (2011 - Present)
  • Agribusiness: An International Journal, Reviewer (2011 - Present)
  • Agricultural Finance Review, Reviewer (2011 - Present)
  • Agriculture and Resource Economics Review, Reviewer (2011 - Present)
  • Farm Foundation, Reviewer (2011 - Present)
  • Journal of Agricultural and Resource Economics, Reviewer (2011 - Present)
  • The Energy Journal, Reviewer (2011 - Present)
  • University Hearing Board, Member (2011 - Present)
  • W.P. Carey School Faculty Council, Morrison School Representative (2010 - Present)
  • Arizona Food Marketing Alliance (AFMA) Educational Foundation Board, Member (2010 - Present)
  • W.P. Carey School Faculty Council, Morrison School Representative (2010 - Present)
  • Agribusiness: An International Journal, Reviewer (2010 - Present)
  • American Journal of Agricultural Economics, Reviewer (2010 - Present)
  • Energy Economics, Reviewer (2010 - Present)
  • Journal of Agribusiness, Reviewer (2010 - Present)
  • Journal of Agricultural and Resource Economics, Reviewer (2010 - Present)
  • NCCC-134 Committee on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Co-Chairman and Conference Coordinator (2008 - Present)
  • NCCC-134 Committee on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Co-Chairman and Conference Coordinator (2008 - Present)
  • NCCC-134 Committee on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Co-Chairman and Conference Coordinator (2008 - Present)
  • Provost/Academic Senate Task Force on Retention, Member (2008 - Present)
  • Graduate Committee, Member (2007 - Present)
  • Graduate Committee, Member (2007 - Present)
  • Graduate Committee, Member (2007 - Present)
  • Journal of Agricultural and Resource Economics, Reviewer (2007 - Present)
  • Journal of International Agricultural Trade and Development, Reviewer (2007 - Present)
  • Western Agricultural Economics Forum, Reviewer (2007 - Present)
  • American Agricultural Economics Association (AAEA), Reviewer - Outstanding Student Chapter Awards (2006 - Present)
  • Agribusiness: An International Journal, Reviewer (2006 - Present)
  • Agricultural Economics, Reviewer (2006 - Present)
  • Agricultural Finance Review, Reviewer (2006 - Present)
  • American Journal of Agricultural Economics, Reviewer (2006 - Present)
  • Applied Economics, Reviewer (2006 - Present)
  • Journal of Agribusiness, Reviewer (2006 - Present)
  • Journal of Agricultural and Applied Economics, Reviewer (2006 - Present)
  • Personnel Committee, Member (2005 - Present)
  • Personnel Committee, Member (2005 - Present)
  • Personnel Committee, Member (2005 - Present)
  • National Agri-Marketing Association Student Chapter, Faculty Advisor (1999 - Present)
  • Scholarship Committee, Member (1999 - Present)
  • Vision and Curriculum Committee, Member (1999 - Present)
  • Vision and Curriculum Committee, Member (1999 - Present)
  • Vision and Curriculum Committee, Member (1999 - Present)
  • W.P. Carey School Faculty Council, Morrison School Representative (2010 - 2011)
  • NCCC-134 Committee on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Co-Chairman and Conference Coordinator (2008 - 2011)
  • Western Agricultural Economics Association, Reviewer (2007)
  • NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Moderator (2007)
  • USDA - Grain Inspection, Packers, and Stockyards Administration (GIPSA), Proposal Reviewer (2006 - 2006)
  • American Agricultural Economics Association (AAEA) - Annual Meeting, Moderator - Selected Paper Session (2006)