About David Bullock

Dr. David W. Bullock is a Research Associate Professor affiliated with the Center for Trading and Risk at NDSU.  His research interests include futures and options markets, over-the-counter derivatives, trading, risk management, agrifinance, Monte Carlo simulation, and Big Data applications in agriculture.  His academic research on option portfolio theory has been published in both the Journal of Economics and Business and the International Review of Economics and Finance.  Additionally, he was the primary contributor behind the AgriBank Insights publication series which won a National AgriMarketing Association (NAMA) award for the best company publication in 2016.

Before coming to NDSU in January 2018, Dr. Bullock held numerous positions for over 25 years in the government and private sectors including the Senior Economist at AgriBank FCB – the regional Farm Credit System funding bank for the Upper Midwest region, Director of Research and Senior Foods Economist at Fortune 500 commodity risk management firm INTL FCStone Inc., the Senior Dairy Analyst at Informa Economics, a Risk Management Specialist with the Minnesota Department of Agriculture, and the Senior Economist at the Minneapolis Grain Exchange.  David began his academic career as an Assistant Professor and Extension Marketing Economist at Montana State University. 

Dr. Bullock is originally from the small northwestern Missouri farming community of Lathrop which is located 40 miles north of the Kansas City metropolitan area.  While in high school, he served as a regional state Vice-President in the Future Farmers of America (FFA) during his senior year.

Education
  • Ph.D. in Agricultural Economics, Iowa State University, 1989
  • M.S. in Agricultural Economics, NW Missouri State University, 1984
  • B.S. in Agricultural Economics, NW Missouri State University, 1982
Teaching
  • AGEC 711 – Applied Risk Analysis I
  • AGEC 797S – Comprehensive Project / Agribusiness Strategy (MBA Capstone)
Selected Publications
  • Lakkakula, Prithviraj, David W. Bullock, and William W. Wilson. 2022. “Asymmetric Information and Blockchains in Soybean Commodity Markets.” Applied Economics Perspectives and Policy 44: 273-298.
  • Bullock, David W., William W. Wilson, and Joseph Neadeau. 2021. “Gene Editing versus Genetic Modification in the Research and Development of New Crop Varieties: An Economic Comparison.” American Journal of Agricultural Economics 103(5): 1700-1719.
  • Bullock, David W. 2021. “The Influence of State-Level Production Outcomes Upon U.S. National Corn and Soybean Production: A Novel Application of Correlated Component Regression.” Journal of Agricultural and Applied Economics 53(1): 55-74.
  • Lakkakula, Prithviraj, David W. Bullock, and William W. Wilson. 2020. “Blockchain Technology in International Commodity Trading.” Journal of Private Enterprise 35(2): 23-46.
  • Bullock, David W. and William W. Wilson. 2020. “Factors Influencing Gulf and Pacific Northwest Soybean Export Basis: An Exploratory Statistical Analysis.”  Journal of Agricultural and Resource Economics 45(2): 317-334.  DOI: 10.22004/ag.econ.302457.
  • Bullock, David W., William W. Wilson, and Bruce L. Dahl.  2007. “Strategic Use of Futures and Options by Commodity Processors.”  International Review of Economics and Finance 16: 578-591.
  • Wilson, William W., David W. Bullock, and Bruce Dahl. 1998. “Futures, Options, and Cash Markets” in Structural Change and Performance of the U.S. Grain Marketing System, Donald W. Larson, Paul W. Gallagher, and Reynold P. Dahl, ed. Urbana, IL: Scherer Communications, pp. 25-49.
  • Bullock, David W., and Dermot J. Hayes. 1993. “The Private Value of Having Access to Derivative Securities: An Example Using Commodity Options.”  International Review of Economics and Finance 2: 233-49.
  • Bullock, David W., and Dermot J. Hayes. 1992. “Speculation and Hedging in Commodity Options: A Modification of Wolf’s Portfolio Model.”  Journal of Economics and Business 44: 201-21.
Funded Projects
  • Co-PI (with William W. Wilson and Prithviraj Lakkakula).Implications of Recent Surging Ocean Transportation Rates for Certain Agricultural Product Markets. Subaward from USDA Agricultural Marketing Service and University of Georgia, $40,000.
  • Co-PI (with William W. Wilson and Prithviraj Lakkakula).Extension to Logistical Competition for Corn Shipments from the United States and Ukraine to Targeted International Markets, USDA Agricultural Marketing Service, $79,871.
  • PI (with William W. Wilson). Strategies to Improve / Assure Performance of Soybean Purchases, North Dakota Soybean Council, $50,673.
  • Co-PI (with William W. Wilson). Marketing Consulting and Research Projects, North Dakota Soybean Council, $40,000.
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