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Todd SchmitAssistant Professor Areas of ExpertiseAgribusiness Management, Agricultural Marketing, Economic Development
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Professors Schmit’s research centers on the examination of firm, spatial, and market factors on regional agri-based industry development. Research results are intended to improve agribusiness firms’ marketing and management decision skills, firm performance, and aid in the development of effective agri-based economic development policies. In many agri-based sectors agricultural cooperative organizations serve as key players, with significant economic contributions all along the food value chain. As such, applied research on improving the management and effectiveness of cooperatively owned agribusinesses serves a particular emphasis. Current research is centered on regional estimation of agri-based economic development opportunities, related-market effects and implications of biofuels industry development, barriers and opportunities for food manufacturing industry development, and understanding consumer demand and market opportunities for local, value-added food products.
Further information on Professor Schmit’s applied research and extension activities are associated with the Cornell Program on Agribusiness and Economic Development (CPAED), the Agricultural Marketing and Management Program Work Team, and the Cooperative Enterprise Program. Program outputs include the development of stakeholder industry conferences, industry and educator publications and materials, and related outreach events.
Selected Publications
Dong, D., T.M. Schmit, and H.M. Kaiser. “Optimal Media Allocation of Generic Fluid Milk Advertising Expenditures: The Case of NY State.” Agricultural & Resource Economics Review, 36/2(2007):253-266.
Schmit, T.M. and H.M. Kaiser. “Optimal Seasonal Allocation of Generic Dairy Advertising Expenditures.” Journal of Agricultural and Applied Economics, 39/1(2007):187-199.
Messer, K.D., Schmit, T.M., and H.M. Kaiser. “Optimal Institutional Mechanisms for Funding Generic Advertising: An Experimental Analysis.” American Journal of Agricultural Economics 87(2005):1046-1060.
Schmit, T.M. and H.M. Kaiser. “Decomposing the Variation in Generic Advertising Response over Time.” American Journal of Agricultural Economics 86(2004):139-153.
Schmit, T.M., B.W. Gould, D. Dong, H.M. Kaiser, and C. Chung. “The Impact of Generic Advertising on U.S. Household Cheese Purchases: A Censored Autocorrelated Regression Approach.” Canadian Journal of Agricultural Economics 51(2003):15-37.
Schmit, T.M., D. Dong, C. Chung, H.M. Kaiser, and B.W. Gould. “Identifying the Effects of Generic Advertising on the Household Demand for Fluid Milk and Cheese: A Two-Step Panel Data Approach.” Journal of Agricultural and Resource Economics 27(2002):165-186.
Lesser, W., T.M. Schmit, and L.M. Ruiz. “Elite Germplasm for GMO’s in Brazil: Modeling Government-Agribusiness Negotiations.” International Food and Agribusiness Management Review 2(2001):391-406.
Boisvert, R.N., T.M. Schmit, and A. Regmi. “Spatial, Productivity, and Environmental Determinants of Farmland Values.” American Journal of Agricultural Economics 79(1997):1657-1664.
Professional Activities and Awards
• Member of the American Agricultural Economics Association, the Northeastern Agricultural and Resource Economics Association, and the Food Distribution Research Society
• Member of the NEC-63 Research Committee on Commodity Promotion and NCERA-194 Research Committee on Cooperatives
• Honor Societies: Phi Kappa Phi, Alpha Zeta, Gamma Sigma Delta
Education
Ph.D., Cornell University,
2003
M.S., Cornell University,
1994
B.S., University of Wisconsin-River Falls, 1990
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