Gary Schnitkey, Ph.D., has been named as the new University of Illinois Department of Agricultural and Consumer Economics Soybean Industry Chair in Agricultural Strategy. Schnitkey, a professor of ag and consumer economics who specializes in crop insurance, farm and risk management and farm finance issues, was honored during an investiture ceremony held April 24.
The Department of Agricultural and Consumer Economics Soybean Industry Endowed Chair in Agricultural Strategy was first funded by the ISA checkoff program in 1996. The holder provides intellectual leadership, conducts research, educates students and performs public service and outreach in the discipline of ag strategy, particularly as it relates to the soybean industry.
Schnitkey conducts research and publishes on finance and risk management topics, including book chapters, scholarly articles, farmdocDaily articles and numerous blog posts. His work also directly impacts farmers and agribusinesses through innovative outreach programs, as he hosts some 50 meetings annually with farmers and agribusinesses. He also teaches undergraduate courses in financial management and international agribusiness. He earned his M.S. and Ph.D. in ag economics from the University of Illinois and spent 10 years at Ohio State University before returning to U of I as an associate professor in 1998. He was promoted to full professor in 2005.