Faculty
Craig A. Bond
Associate Professor
Graduate Coordinator
Ph.D.: University of California, Davis
Location: B311 Clark Bldg.
Telephone: (970) 491-6951
E-mail:
Research Interests:
My current research interests span the fields of agricultural economics, environmental economics, and natural resource economics, especially relating to the interactions between the three fields. Current projects include estimation of dynamic production functions for use in modeling production behavior under limited irrigation, modeling the economic impact of aquaculture suppliers of recreational fish, optimal management of high elevation forests in the presence of an invasive species, modeling adaptive management, including optimal ecosystem management, learning, and experimentation under deep uncertainty, and several land use projects.
Recent publications and other written works have focused on quasi-public attribute valuation of food products, theoretical aspects of agricultural sustainability, estimating pollution abatement costs at the farm level, demand and willingness to pay for specialty food and other produce products, as well as econometric exercises in farmers’ preferences, the behavior of agricultural PACs, and the relationship between democracy, freedom, and environmental quality.
Future research will continue to focus on various applied economic topics across the three fields, with an emphasis on empirical stochastic dynamic optimization and the treatment of information, resource/attribute valuation, consumer choice, and other applied econometric and simulation methods.
Courses:
AREC 335 - Introduction to Econometrics
AREC 340 - Introduction to Economics of Natural Resources
AREC/ECON 540 - Economics of Natural Resources
AREC 740 - Advanced Resource and Enviromental Economics
AREC 740/792 - Advanced Topics in Environmental and Natural Resource Economics/Seminar
Selected Publications, Presentations and Projects:
Recent Publications
Costanigro, M., C.A. Bond, and J. McCluskey. Forthcoming. “Reputation Leaders and Quality Laggards: The Incentive Structure in Markets with Both Private and Collective Reputations.” Journal of Agricultural Economics.
Arthur, M., C.A. Bond, and B. Willson. Forthcoming. “Estimation of Elasticities for Domestic Energy Demand in Mozambique.” Energy Economics.
Deisenroth, D., C.A. Bond, and J. Loomis. Forthcoming. “The Economic Contribution of the Private, Recreation-Based Aquaculture Industry in the Western United States.” Aquaculture Economics and Management.
Meldrum, J.R., P.A. Champ, and C.A. Bond. 2011. “Valuing the Forest for the Trees: Willingness to Pay for White Pine Blister Rust Management.” In: Keane, R.E.; D.F. Tomback, M.P. Murray, and C.M. Smith, eds. The future of high-elevation, five-needle white pines in Western North America: Proceedings of the High Five Symposium. 28-30 June 2010; Missoula, MT. Proceedings RMRS-P-63. Fort Collins, CO: U.S. Department of Agriculture, Forest Service, Rocky Mountain Research Station. 376 p. Online at http://www.fs.fed.us/rm/pubs/rmrs_p063/rmrs_p063_226_234.pdf.
Bond, C.A., P.A. Champ, J.R. Meldrum, and A.W. Schoettle. 2011. “Investigating the Optimality of Proactive Management of an Invasive Forest pest.” In: Keane, R.E.; D.F. Tomback, M.P. Murray, and C.M. Smith, eds. The future of high-elevation, five-needle white pines in Western North America: Proceedings of the High Five Symposium. 28-30 June 2010; Missoula, MT. Proceedings RMRS-P-63. Fort Collins, CO: U.S. Department of Agriculture, Forest Service, Rocky Mountain Research Station. 376 p. Online at http://www.fs.fed.us/rm/pubs/rmrs_p063/rmrs_p063_295_302.pdf.
Bond, C.A., D.L. Hoag, and G. Kipperberg. 2011. “Agricultural Producers and the Environment: A Stated Preference Analysis of Colorado Corn Producers.” Canadian Journal of Agricultural Economics 59: 127-144.
Bond, C.A., D.L. Hoag, and J. Freeborn. 2011. "Are Agricultural PACs Monolithic? An Empirical Investigation of Political Contributions from Agricultural Subsectors." American Journal of Economics and Sociology 70(1): 210-237.
Bond, C.A. 2010. "On the Potential Use of Adaptive Control Methods for Improving Adaptive Natural Resource Management." Optimal Control Applications and Methods 31: 55-66.
Deisenroth, D., J.B. Loomis, and C.A. Bond. 2009. "Non Market Valuation of Off-Highway Vehicle Recreation in Larimer County, Colorado: Implications of Trail Closures." Journal of Environmental Management 90(11): 3490-3497.
Bond, C.A. and J.B. Loomis. 2009. “Using Numerical Dynamic Programming to Compare Passive and Active Learning in the Adaptive Management of Nutrients in Shallow Lakes.” Canadian Journal of Agricultural Economics 57(4): 555-573.
Bond, C.A., K. Giraud, and D. Larson. 2009. “Payment Schedules, Discount Rates, and Valuation of Public Goods.” Ecological Economics 68(11): 2751-2759.
Loomis, J., C.A. Bond, and D. Harpman. 2009. “The Potential of Agent Based Modeling for Evaluating the Economic Efficiency of Adaptive Natural Resource Management.” Journal of Natural Resources Policy Research 1(1): 35-48.
Keeling Bond, J., D. Thilmany, and C.A. Bond. 2009. “What Influences Consumer Choice of Fresh Produce Purchase Location.” Journal of Agricultural and Applied Economics, 41(1): 61-74.
Bond, C.A., D. Thilmany, and J. Keeling Bond. 2008. “What to Choose? The Value of Label Claims to Produce Consumers.” Journal of Agricultural and Resource Economics, 33(3): 402-427.
Thilmany, D., C.A. Bond, and J.K. Bond. 2008. "Going Local: Exploring Consumer Behavior and Motivations for Direct Food Purchases."American Journal of Agricultural Economics 90(5): 1303-1309.
Bond, C.A. and Y.H. Farzin. 2008. “Alternative Sustainability Criteria, Externalities, and Welfare in a Simple Agroecosystem Model: A Numerical Analysis.” Environmental and Resource Economics, 40(3): 383-399.
Bond, C.A., D. Thilmany, and J. Keeling Bond. 2008. “Understanding Consumer Interest in Product and Process-Based Attributes for Fresh Produce.” Agribusiness: An International Journal, 24(2): 231-252.
Bond, C.A. and Y.H. Farzin. 2008. “Agroecosystem Modeling and Optimal Economic Decisions: Implications for Sustainable Agriculture.” Optimal Control Applications and Methods 29: 59-80.
Bond, C.A. and Y.H. Farzin. 2007. “Estimating Agricultural Abatement Costs at the Plot Level using Experimental Data: A Maximum Entropy Approach.” Journal of Agricultural and Resource Economics 32(2): 273-290.
Keeling Bond, J., D. Thilmany, and C.A. Bond. 2006. “Direct Marketing of Produce: Understanding Consumer Purchasing Decisions.” Choices 21(4): 1-6.
Farzin, Y,H., and C.A. Bond. 2006. “Democracy and Environmental Quality.” Journal of Development Economics 81: 213-235.
Giraud, K., C.A. Bond, and J.J. Bond. 2005. “Consumer Preferences for Specialty Made Food Products Across Northern New England.” Agricultural and Resource Economics Review 34(2): 204-216.
Bond, C.A., C.A. Carter, and Y. H. Farzin. 2005. “Economic and Environmental Impacts of Herbicide-Tolerant Transgenic Rice Adoption in California.” Giannini Foundation Research Report 350, University of California.
Bond, C.A., C.A. Carter, and Y.H. Farzin. 2003. “Medium Grains, High Stakes: Economics of Genetically Modified Rice in California.” AgBioForum, 6(4): 146-154.
Recent Presentations
November, 2011. Growers and Anglers: Economic Aspects of Recreational Fishing in the West (with D. Deisenroth). Invited Presentation, American Fisheries Society, Colorado State University, Fort Collins, CO.
July, 2011, The Value of Learning in Ecological Systems with Irreversible Threshold Effects, Annual Meeting of the Western Agricultural Economics Association (WAEA), Banff, Alberta, CA.
June, 2011, The Effect of Uncertain Outcomes on the Willingness to Pay for Environmental Programs (with P. Champ and J. Meldrum), Annual Meeting of the Western Agricultural Economics Association (WAEA), Banff, Alberta, CA.
June, 2011, Importance and Consumer Knowledge of Potato Attributes: A Best-Worst Analysis (with D. Iverson and J.K. Bond), Annual Meeting of the Western Agricultural Economics Association (WAEA), Banff, Alberta, CA.
May, 2011, Efficient Management of White Pine Blister Rust in High Elevation Ecosystems – Final Report (with P. Champ, A. Schoettle, W. Jacobi, and J. Meldrum), 2011 PREISM Workshop, USDA-ERS, Washington, D.C.
April, 2011. Measuring Economic and Ecological Tradeoffs: A Tale of ‘Ologists and ‘Ists Working Together (with P. Champ, J. Meldrum, and A. Schoettle), Invited Presentation, Interactions of Society and the Environment Seminar Series (ISESS), U.S. Forest Service, Fort Collins, CO.
March, 2011. Learning about Thresholds: Optimal Experimentation and Adaptive Management of a Lake Resource, Invited Presentation, University of Stavanger, Stavanger, Norway.
October, 2010, Economic Contributions of Private, Recreation-Based Aquaculture in the Western United States – Termination Report (with D. Deisenroth), WRAC 2010 IAC/TC Meeting, Spokane, WA.
July, 2010, Proactive or Reactive? Optimal Management of an Invasive Forest Pest in a Spatial Framework (with P. Champ, J. Meldrum, and A. Schoettle), Agricultural and Applied Economics Association (AAEA) Annual Meeting, Denver, CO.
June, 2010, Informing Optimal Experimentation and Adaptive Management through Dynamic Modeling with Multiple Controls and a Sequential Entropy Filter (with J. Loomis), Fourth World Congress of Environmental and Resource Economists, Montreal, CA.
June, 2010, A Dynamic Model of White Pine Blister Rust in High-Elevation Forests: Increasing the Economic Efficiency of Management (with P. Champ, J. Meldrum, and A. Schoettle), “High Five” Symposium: The Future of High Elevation Five-Needle White Pines in Western North America, Missoula, MT.
March, 2010, Aquaculture and Stocking Recreational Water in the West: A Socioeconomic Assessment (with D. Deisenroth), Aquaculture 2010: California Aquaculture Association Special Session, San Diego, CA.
October, 2009, Efficient Management of White Pine Blister Rust in High Elevation Ecosystems: A Dynamic Modeling Approach (with P. Champ, A. Schoettle, W. Jacobi, and J. Meldrum), 2009 PREISM Workshop, USDA-ERS, Washington, D.C.
June, 2009, Informing Optimal Experimentation and Adaptive Management through Dynamic Modeling with Multiple Controls (with J. Loomis), Annual Meeting of the Western Agricultural Economics Association (WAEA), Lihue, HI.
June, 2008, Adaptive Management and the Economics of Shallow Lakes (with J. Loomis), Annual Meeting of the Western Agricultural Economics Association (WAEA), Big Sky, MT.
February, 2008, The Potential of Agent Based Modeling for Improving the Economic Efficiency of Adaptive Natural Resource Management (with J. Loomis and D. Harpman), Annual Meeting of the Western Regional Science Association (WRSA), Waikoloa, HI.
February, 2008, Expected Profit or Mutiattribute Objectives: A Stated Preference Analysis of Colorado Corn Farmers (with G. Kipperberg and D. Hoag), W2133 Annual Meeting, Waikoloa, HI.
July/August, 2007, What to Choose? The Value of Label Claims to Produce Consumers (with D. Thilmany and J.K. Bond), Annual Meeting of the American Agricultural Economics Association (AAEA), Portland, OR.
July, 2006, Multi-Sector Sustainability in Agroecosystem Envrionments: Using Value Function Iteration for Numerical Solutions (with Y.H. Farzin), Annual Meeting of the American Agricultural Economics Association (AAEA), Moderator (additional session), Long Beach, CA.
July, 2006, Efficiency and Equity: Sustainability Tradeoffs in an Agroecosystem Model (with Y.H. Farzin), Third World Congress of Environmental and Resource Economists ,Session Chair, Kyoto, Japan.
August, 2004, A Portfolio of Nutrients: Soil and Sustainability (with Y.H. Farzin), Annual Meeting of the American Agricultural Economics Association (AAEA) Annual Meeting, Denver, CO.
July, 2004, Multiple Nutrient Stocks and Sustainability in Agriculture (with Y.H. Farzin), EAERE/Fondazione Eni Enrico Mattei (FEEM)/ Venice International University (VIU) European Summer School in Resource and Environmental Economics, Dynamic Models in Economics and the Environment, Venice, Italy.
June, 2004, Multiple Nutrient Stocks and Sustainability in Agriculture (with Y.H. Farzin), Thirteenth Annual Conference of the European Association of Environmental and Resource Economics (EAERE), Budapest, Hungary.
July, 2002, Temporal Payment Issues in Contingent Valuation Analysis (with K. Giraud and D. Larson), Annual Meeting of the American Agricultural Economics Association (AAEA) Annual Meeting, Long Beach, CA.
Ongoing Projects
“Developing Economically Sustainable Cropping Strategies for Small and Medium Sized Farms in an Increasingly Scarce Water Environment” (Co-PI with J. Pritchett, N.C. Hansen, D.G. Westfall, J. Schneekloth, R. Waskom, T. Bauder, J. Ascough, G.W. Buchleiter, J. Brummer, E. Schuck, L. Swanson, and D. Hoag), USDA-NRI 66.0 Agricultural Prosperity for Small and Medium-Sized Farms, Sep., 2006 – Dec., 2009.
“Economic Impacts of Private Sector Aquaculture-Based Recreational Fishing in the Western USA” (with D. Larson, S. Davies, A. Davies, J. Loomis, C. Myrick, F. Conte, J. Boren, K. Fitzsimmons, G. Fornshell, and A. Seidl), WRAC-USDA, Sep., 2007 – Sep., 2008.
"Pine Population Projections and Social Perceptions: Evaluating Management Options to Sustain High Elevation Pine Ecosystems in the Presence of an Invasive Pathogen” (with A. Schoettle and P. Champ), RMRS, USDA Forest Service, 2007-2010.
“Efficient Management of White Pine Blister Rust in High Elevation Ecosystems: A Dynamic Modeling Approach” (P.I. with P. Champ, A. Schoettle, W.R. Jacobi, R. Koski, C. Nelson, R. Sniezko, and O. Hamdan). Program of Research on the Economics of Invasive Species Management (PREISM), USDA-ERS, 2008-2010.
"Adaptive Management of Zebra and Quagga Mussels in Colorado (P.I. with D. Deisenroth and C. Goemans), Colorado Water Institute, 2009-2011.
"Advanced Optimization Algorithms for Hydropower Dispatch (with D. Harpman, D. Fontane, and G. Heine), US Bureau of Reclamation, 2010-2011.
Base Appointment:
Resident Instruction, Research, and Outreach