Iowa State University

Inside Iowa State
July 2, 1999

Hayes named to Pioneer Chair

by Kevin Brown

Dermot Hayes, professor of economics and of finance, has been named to the Pioneer Hi-Bred International Chair in Agribusiness in the College of Business.

The endowed chair, founded in 1985, had been held by Max Wortman, Distinguished Professor of management. Wortman will continue his faculty and research duties.

"The College of Business is excited about Dermot Hayes serving as the Pioneer Hi-Bred International Chair in Agribusiness and building upon the strong foundation provided by the current and inaugural chair holder, Max Wortman," said Ben Allen, dean of the College of Business. "Professor Hayes is an exceptional researcher and teacher, is well respected for his expertise on agribusiness issues, and will enhance the collaborative efforts between the colleges of business and agriculture."

As holder of the Pioneer chair, Hayes will teach a spring semester MBA course on the workings of the futures and options markets, option pricing, reinsurance, vertical coordination, and world grain and livestock markets.

Hayes will continue his faculty position in economics in addition to his new duties as a professor of finance. He researches international agricultural trade, especially trade involving meat products. He also has completed a comprehensive analysis for government officials on how the General Agreement on Tariffs and Trade (GATT) outcome would affect U.S. commodity prices.

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