Resource Economics

A Partnership to Improve Health and End Hunger

Adam Lyford and Jessica Morris, who graduated in May with majors in resource economics, are spending the summer interning at the North Grafton farm. Lyford is helping the farm with efficient water usage. For Morris, her work has helped her decide future efforts. “I now realize I want to focus my efforts going forward on hunger relief."

Celebrating Graduation 20,000 Feet Up

Alex Calder, recent graduate of the resource economics department and his fellow UMass roommate Jeff Rogers summited Alaska’s Mount McKinley, located in the Denali National Park and Preserve, this past May. Only 50% of climbers who attempt the climb ever make it to Denali’s summit.

Julie Caswell Named Spotlight Scholar

Associate Dean Julie Caswell, professor of resource economics, has been selected from an exceptional pool of faculty nominations to receive recognition as a spring 2015 UMass Amherst Spotlight Scholar. She is being awarded for her research, scholarship, and public service contributions to the field of economics of food safety and nutrition.

Feel Good Friday: The Future of 3D at UMass

UMass has opened the very first large-scale MakerBot Innovation Center at a university library. MakerBot is leading the industry in desktop 3D printing, scanning, and entertainment, and will provide this access in the new state-of-the-art center located in Du Bois Library to students, faculty, and the community. And to make it even more impressive, the General Manager of the Americas and Emerging Markets for MakerBot is Resource Economics Alum Mark Schulze ’97!

Social Science Matters: Julie Caswell

Julie Caswell, professor of resource economics, teaches courses focused on the economic organization of food systems and the economics of food safety and nutrition internationally. Her current research is on the economics of food certification. 

I have been on 5 National Academy committees studying dioxins in the food supply, the benefits and risks of seafood consumption, risk based food safety systems, release of data on food safety in meat plants, and SNAP (food stamps).

How does your research translate into practical, real life applications?

My research applies directly to the choice of regulatory or non-regulatory options for assuring the quality and fair representation of food products in our markets. For example, I am currently researching how the new Food Safety Modernization Act will impact competition between quality certifiers in the fresh produce markets.

How did you get to where you are in your career?

I became an applied economist as an undergraduate. My first class was on the World Food Problem - a mix of economics and policy — and I was hooked. I majored in Public Affairs Management and went to grad school at Wisconsin to study the Industrial Organization of the Food System. After grad school, the Resource Economics Department at UMass Amherst was a perfect fit for me because it had a focus on the after farm gate food system. I began doing research on economic incentives for companies to produce safe and nutritious foods. I’ve worked on food safety regulations, international trade in food products, organic certification, and GMO labeling, for example.

The field of the economics of food safety and nutrition was new when I started at UMass. With colleagues across the U.S., we published several of the first books in this area, which is now internationally established.

I have been on 5 National Academy committees studying dioxins in the food supply, the benefits and risks of seafood consumption, risk based food safety systems, release of data on food safety in meat plants, and SNAP (food stamps).

What would you consider as your major contributions to your field and to the university?

My major contribution is helping to understand what determines quality for food products and how that quality is signaled to consumers. My key focus is on why some quality attributes are regulated and some are not, depending on the types of risk they pose and how much information on those risks is available without regulation in the market.

I also made a significant contribution to my field by chairing NE-165, an international consortium of researchers focused on the economics of the food system. I was the chair for 15 years.

To the university, I’ve served on countless committees. I was the Chair of the Resource Economics Department for six years (2006-2012). And I will add that teaching undergraduate and graduate students and working on policy related research is the most rewarding part of my career.

Why should students study Resource Economics?

Resource Economics will give you microeconomic tools to understand how markets work and quantitative decision-tools—the combination is really powerful in today’s economy for studying environmental and resource, agricultural and food, consumer and family, energy, and managerial economics issues. Should we expand markets for CO2? Why or why not? Are local foods more sustainable, safe, and nutritious? How are families coming out of the recent great recession? How can my company use analytics and big data to be more successful? All these are areas you can address with our tools.

Story and video by Taylor Gilmore ’15 (communication/journalism)