William Nganje
Agribusiness and Applied Economics
NDSU Dept 7610, PO Box 6050
Fargo, ND 58108-6050
Richard H Barry Hall 406, NDSU
Fargo, ND 58102
Doctorate Degree: Agricultural Economics
Major Areas: Agribusiness & Finance
University of Illinois at Urbana-Champaign
Graduated May 1998 & Degree Awarded January 1999
Dissertation: “Economic Efficiency Analysis of Mandatory HACCP Regulation in the U.S. Red Meat Processing Industry.”
Joint BS & MS Degree: Agricultural Engineering/Agricultural Economics
ENSA-University of Dschang, Cameroon, 1990
Bilingual: Fluent in French and English.
Thesis: “Productivity Analysis of Yam (Dioscorea spp) Production in Fako Division of Cameroon.”
Certificate: Risk Analysis
Graduate School, United States Department of Agriculture, 1999
Chair, Vice Chair, and Secretary, Agribusiness Region Group (WERA-72), 2008, 2007 & 2006; Board Member, Northland Educators Credit union, 2001-2006; Reviewed for Several Journals; Editorial Board Member, Journal of Agricultural and Resource Economics 2006-2009; Board Member, Microenterprise Development Program (MED) - International Rescue Committee, 2009-Present; Editorial Board Member, Journal of International Agricultural Trade and Development, 2009-Present; Secretary/Treasurer AAEA-FSN Group, 2011-Onward; Undergraduate Program Chair, Morrison school.
Risk management; financial analysis; economics of obesity, food safety and food terrorism; experimental economics; and consumer choice theory.
Consulting Services for FAO, Food Service Agency-UK, World Bank Funded Projects
Associate Professor, Morrison School of Agribusiness and Resource Management, College of Technology and Innovation, 2007 to 2013
Associate Professor, Department of Agribusiness and Applied Economics, North Dakota State University, 2005-2007
Assistant Professor, Department of Agribusiness and Applied Economics, North Dakota State University, 1999-2005
Undergraduate Courses Taught
● Finance (FIN 300, Approximately 60-105 students): Fundamentals of Financial Management, ASU
● Finance (FIN 302, Approx. 68 students): Managerial Finance, ASU
● Agribusiness Finance II (AGB 333, Approx. 65-101 students): Financial Markets and Institutions, ASU
● Applied Risk Management and Insurance (AGB 434, Approx 30-46 students), ASU
● Introduction to Economics (ACE 100, Approx. 120 students), Strategic Marketing (ACE 368 Approx. 60 students): Univ. of Illinois, Urbana-Champaign
● Intermediate Agricultural Finance (AGEC 346, Approx. 75 students): Project Analysis, Risk Measurement and Management Tools in Agribusiness Finance; NDSU
● Agribusiness Finance Capstone Course (AGEC 446/646; Approx. 45 students): Firm Structure, Strategic Management and Planning; NDSU
● Economics (Econ 341, Approx. 75 students): Intermediate Microeconomic Theory, NDSU
Graduate Courses Taught
● Research Methods (AGB 701, Approx. 8-12 graduate students): NDSU
● Applied Risk Analysis II (AGB 712, Approx. 8-12 grad students): NDSU
● Advance Agribusiness Finance (AGB 702, Approx. 3-5 doctoral students): Financial Risk Management and Information, ASU
● Economics and Regulatory Issues in Food Safety (SAFE 405/605): Capstone Course, NDSU
● Agribusiness Finance I (AGEC 746): Advanced Topics in Risk Measurement and Management in Agribusiness Finance, NDSU
• Kwame Addey and William Nganje, “Climate policy volatility hinders renewable energy consumption: Evidence from yardstick competition theory”, Energy Economics, Vol 130, February 2024, 1007265.
• Kwame Addey and William Nganje, “The Role of U.S. Exchange Rate Equity Market Volatility on Agricultural Exports and Forecasts" Canadian Journal of Agricultural Economics, Vol 71:25–47, 2023.
• William Nganje and Prince Fosu, “Risks and risk Premiuns of GE Corn: A Macromarketing Framework,” Ecological Economics, Vol 201, 107560, Nov 2022.
• Predicting Food-Safety Risk and Determining Cost-Effective Risk Reduction Strategies. Journal of Risk and Financial Management. http://doi.org/10.3390/jrfm14090408 14:408, 2021.
• Shoshi, Humayra, Erik Hanson, William Nganje, and Indranil SenGupta. 2021. Stochastic Analysis and Neural Network-Based Yield Prediction with Precision Agriculture. Journal of Risk and Financial Management. http://doi.org/10.3390/jrfm14090397 14: 397, 2021
• Indranil SenGupta, William Nganje and Erik Hanson. “Refinements of Barndorff-Nielsen and Shephard model: an analysis of crude oil price with machine learning” Equilibrium Analysis, Health Economics Review, Http://doi.org/10.1186/s13561-019-0234-x, (2019): 9-19.
• Sakouvogui Kekoura and Nganje William. “Robust CAPM Estimation through Cross Validation.” The Journal of Financial Data Science, (2):153-167, 2019.
• Indranil SenGupta, William Wilson and William Nganje. “Barndorff-Nielsen and Shephard model: oil hedging with variance swap and option.” Mathematics and
10 Financial Economics, 13(2), pp 209-226, 2019.
• Henri Akono and William Nganje. “Investors’ Expectations of Equity for Ngcs and Llcs and Implications on Financial Performance.” International Journal of Business and Social Science. 9(2), pp. 2219-2233, 2018.
• William Wilson, Bruce Dahl, and William Nganje. “Economic costs of Fusarium Head Blight, scab and deoxynivalenol.” World Mycotoxin Journal, 11(2), pp 291-302, 2018.
• William Nganje, Miljkovic, Dragan and Daniel Vioca. “Offsetting Behavior and the Marginal Impact of Food Safety Information.” Agricultural Resource Economics Review, Vol 45/1 (April 2016).
• Cheryl Wachenheim, C., S. Hovde, R. Hearne, and W. Nganje. Identifying Market Preferences for High Selenium Beef. Journal of Food Distribution Research. 46(3), (2015):50-67.
• Timothy Richards and William Nganje. “Welfare Effects of Food Recall.” Canadian Journal of Agricultural Economics, Vol. 62, Issue 1, p. 107-124, 2014.
• William Nganje, Renée Shaw Hughner, and Paul M. Patterson. “Perception of Risks and Preferences for Locally Grown Produce: A Marketing System Approach,” Journal of Food Product Marketing, Vol. 20, Issue 2, p. 196-214, 2014.
• Jesus Bravo, Ignacio Molina and William Nganje. “Understanding intentional food contamination attitudes: applying Ajzen’s Theory of Planned Behavior to a sample of fruit and vegetable industry workers.” International Journal of Agricultural Management, Volume 3 Issue 1, p.43-52, 2013.
• Dumitrescu, Claudia ; Nganje, William ; J. Shultz, Clifford; Hingley and Adam Lindgreen, Martin British food journal “Perceived Value of Pasta in Greece and Romania.” British Food Journal, Vol. 156, No. 10, p. 1518-1536, 2013.
• Timothy Richards, Lisa Mancino and William Nganje. “Nutrient Demand in Food Away from Home: the Role of Physical Activity, Obesity and Health.” Forum for Health Economics and Policy, Vol 15, Issue #2, 2012.
• William Nganje, and Paul Skilton. “Food Risks and Type I & II Errors,” International Food and Agribusiness Management Review, Volume 14, (Issue 5):109-124, 2011.
• Winifred Scott and William Nganje. “An Ex-Post Evaluation of Sarbanes-Oxley Act on Firms’ Intrinsic Value: A Principal- Agent Framework,” Paper Accepted for Publication, Academy of Accounting and Financial Studies Journal, Vol 15(3), 2011.
• William Nganje, Renee Hughner, Nicholas Lee. “State Branded Programs and Consumer Preference for Locally Grown Produce,” Agricultural and Resource 11
Economics Review, 40/1 (April):1–10, 2011.
• William Nganje, Miljkovic, Dragan, and Elvis Ndembe Mokake. “Offsetting Behavior and Food Safety Information for Fresh Produce” Agribusiness, An International Journal. Volume 26, No. 4 Autumn (Fall):557-572, 2010.
• Carla Mejia, Jennifer McEntire, Kevin Keener, William Nganje, Thomas Stinson, Mary K. Muth, and Helen Jensen. “Traceability (Product Tracing) in Food Systems: An IFT Report Submitted to FDA, Volume 2: Cost Considerations and Implications,” Comprehensive Reviews in Food Science and Food Safety, Vol. 9:159-175 2010.
• Timothy Richards, William Nganje, and Acharya Ram. “Hysteresis and Investment in Food Safety.” Journal of Agricultural and Resource Economics, 34(3):464-482, 2009.
• William Nganje, T. Richards, J. Bravo, Na Hu, A. Kagan, R. Acharya, and M. Edwards. “Food Safety and Defense Risks in U.S. Mexico Produce Trade, Choices, 2nd Quarter 2009, 24(2):1-8.
• Nganje, William, Cheryl Wachenheim and William Lesch. “A Comparison between Perception of Risks and Willingness to Serve GM Foods.” Journal of Food Distribution Research, March, 2009, Vol. 40(2):58-71.
• Miljkovic, Dragan, William Nganje, and Benjamin Onyango. “Offsetting Behavior and the Benefits of Food Safety Regulation" Paper Accepted for Publication, Journal of Food Safety, 29 (2009): 49-58.
• Rene Hughner, Jill K. Maher, Nancy Childs and William Nganje. “Fish: Friend or Foe? Food policy and subpopulation warnings for consumers.” Food Policy, Vol. 34/2 pp 185-197, 2009.
• Onyango, Benjamin, Dragan Miljkovic, William Hallman, William Nganje, Sarah Coundry, and Cara Cuite: “Food Recalls and Food Safety Perceptions: The September 2006 Spinach Recall Case,” Journal of Agribusiness, Vol 26, No. 1(Spring, 2008):77-98.
• William Nganje, Vicki Bier, Hoa Han, and Lorna Zack. “Models of Interdependent Security along the Milk Supply Chain.” Proceeding Issue, American Journal of Agricultural Economic, 90(Number 5, 2008):1265-1271.
• Miljkovic, Dragan, William Nganje, and Elvis Ndembe. “Offsetting Behavior: Consumers’ Response to Food Safety Policies.” Choices, 3rd Quarter 2008 23(3):1-7.
• William E. Nganje, Simeon Kaitibie, Emmanuel Acquah, Cheryl Wachenheim and Gretchen Johnson. “Price Premium for Bread Marketed as Low-Carbohydrates Bread.” Journal of Food Distribution Research. July, 2008, Vol. 39(2):66-76.
• Miljkovic, Dragan and William Nganje “Regional Obesity Determinants in the United States: A Model of Myopic Addictive Behavior in Food Consumption.” Agricultural Economics, A Journal of the International Association of Agricultural Economists, Vol. 38 (3):375-384, 2008.
• Nganje, William, Robert Hearne, Cole Gustafson and Michael Orth. “Farmers’ Preferences for Alternative Crop and Health Insurance Subsidies.” Applied Economic Perspectives and Policy.” Vol. 30, No. 2 (Summer):333-351, 2008.
• Miljkovic, Dragan, William Nganje, and Helene de Chastenet “Economic factors Affecting the Increase in Obesity in the United States: A Differential Response to Price” Food Policy, Vol. 33/1 pp 48-60, 2008.
• Nganje, William, Mary Frederickson, Cole Gustafson and Gregory McKee. “Marginal Impacts of Sales Consultant Visit and Financing Opportunities on the Adoption of Variable Rate Fertilizer Application.” Agricultural Finance Review, Vol. 67, No.2 (Fall, 2007):295-310.
• Nganje, William, B. Dahl, W. Wilson, S. Mounir, and A. Lewis. “Valuing Private Sector Incentives to Invest in Food Security Measures: Quantifying the Risk Premium for RFEM.” Journal of International Agricultural Trade and Development. Vol 3, Issue 2, pp. 199-216, 2007.
• William Wilson, William Nganje and Cullin H. “Value at Risk for Grain Processing Firms.” Review of Agricultural Economics. Vol.29, No.3 (Fall):581-595, 2007.
• Simeon Kaitibie, William Nganje, Wade Brorsen, and Francis Epplin “A Cox Parametric Bootstrap Test of the von Liebig Hypothesis.” Canadian Journal of Agricultural Economics, Vol. 55 (2007):15-25.
• Nganje, William, Simeon Kaitibie and Alexandre Sorin. “HACCP Implementation and Economic Optimality in Turkey Processing.” Agribusiness, An International Journal, Volume 23, No. 2 (Spring 2007).
• Nganje, William and Linda Lehrke. “Evaluating Cost-Effective Food Safety Risk Reduction Strategies,” FSRRN Journal, Vol II, (No 3):1-5, 06/07.
• Agnes Lyonga, William Nganje, Timothy Sellnow, Simeon Kaitibie and Steven Vennette. “Human Factor Risk in Turkey Processing and High Reliability Culture.” Food Protection Trends, Vol. 26, No. 7(August, 2006):593-600.
• William Wilson, William Nganje, and Robert Wagner. “Strategic Hedging for Grain Processors.” Canadian Journal of Agricultural Economics, Vol. 54 No.2 (June, 2006):311-326.
• William E. Nganje, Mounir Siaplay, Simeon Kaitibie and Emmanuel Acquah. “Predicting Food Safety Losses in Turkey Processing and Economic Incentives of HACCP Intervention.” Agribusiness, An International Journal, Vol. 22, No 4 (Autumn 2006):475-489.
• Julie Novak, Timothy Sellnow, Steven Vennette, and William Nganje. “Perceptions of Risk Communication Messages: Applications in a Food Processing Environment.” Food Protection Trends, Vol. 26, No. 4 (April, 2006):236-243.
• Cole Gustafson and William Nganje. “Value of Social Capital to Mid-sized Northern Plains Farms,” Canadian Journal of Agricultural Economics. Vol.54 (2006):421-438.
• Calum Turvey, Cesar Escalante, and William Nganje. “Developments in Portfolio Management and Risk Programming Techniques for Agriculture.” Agricultural Finance Review. Vol. 65, No.2 (Fall, 2005):219:245.
• William Nganje and Simeon Kaitibie, and Thomas Taban. “Multinomial Logit Model Comparing Consumers and Processors’ Risk Perception of Specialty Meats.” Agribusiness, An International Journal, Vol. 21, No 3 (Summer 2005).
• Dahl, Bruce, William Wilson and William Nganje. “Stochastic Analysis of Variety Selection and Release Decision.” Journal of Agricultural and Resource Economics. Vol. 29, No. 1 (April): 94-111, 2004.
• Nganje, William, Dean Bangsund, Larry Leistritz, William Wilson, and Napoleon Tiapo. “Regional Economic Impacts of Fusarium Head Blight in Wheat and Barley.” Applied Economic Perspectives and Policy, Vol.26, No.3 (Fall):332-347, 2004.
• Nganje,William, William Wilson, and James Nolan. "Agro-terrorism and the Grain Handling System in Canada and the United States.” Current Agriculture, Food & Research Issues, A Journal of the Canadian Agricultural Economics Society. Number 2/2001/p. 148-159, 2004.
• Nganje,William and Demcey Johnson. "Economic Impacts of Fusarium Head Blight in Malting Barley: Blending Margins and Firm-Level Risks.” Current Agriculture, Food & Research Issues, A Journal of the Canadian Agricultural Economics Society. Number 4/2001/ p.16-26, 2003.
• Nganje, William, Frayne Olson, Brad Steifel, and William Nelson. “Financial Allocation Strategy for New Generation Cooperatives.” Journal of Cooperative Accounting, Vol. 3 LV, (3): 39-47, Fall 2002.
• Schuck, Eric, William Nganje and Yantio Debazou. “The Role of Land Tenure and Extension Education in the Adoption of Slash and Burn Agriculture.” Ecological Economics, Vol. 43(1):61-70, 2002.
AAEA Distinguished Teaching Award: 10 or more years’, Graduate Teaching, August 2022; Best Paper, Volume 26. Agribusiness, An International Journal. “Offsetting Behavior and Food Safety Information for Fresh Produce” July, 2011; Runner-up for Best Paper, Journal of Agricultural and Resource Economics, “Hysteresis and Investment in Food Safety.” Journal of Agricultural and Resource Economics, 2009; Presidential Award for Excellence in Research and Communications, Best Paper, Journal of Food Distribution Research, “A Comparison between Perception of Risks and Willingness to Serve GM Foods”; Presidential Award for Excellence in Research and Communications, Best Paper, Journal of Food Distribution Research, “Price Premium for Bread Marketed as Low-Carbohydrates Bread,” 2008; Excellence in Teaching Award, Western Agricultural Economics Association, 2005; Outstanding Advisor Award for Excellence in Advising, North Dakota State University, 2005; Earl and Dorothy Foster Excellence in Teaching Award, North Dakota State University, 2004.
