New professorship in agricultural risk management

Staff / Lysa Porth has been selected to head the new Guy Carpenter Professorship in Agriculture Risk Management and Insurance at the University of Manitoba’s Asper School of Business.

The professorship was made possible through a gift of $750,000 from Guy Carpenter & Company, a global leader in risk management and reinsurance intermediary services.

The research conducted by the Guy Carpenter Professorship is expected to support the development of “sound and innovative risk management policy, as well as new private-sector risk management and insurance initiatives,” a University of Manitoba release says.

Porth was awarded her doctorate in 2011 from the University of Manitoba and the Warren Centre for Actuarial Studies and Research in the Asper School of Business. She holds an MBA with a thesis option in management science and a bachelor of commerce (Hons.) in financial and actuarial studies from the Asper School of Business. Since August 2011, she has been an assistant professor in the department of statistics and actuarial science at the University of Waterloo.

Federal Agriculture Minister Gerry Ritz and Manitoba Minister Ron Kostyshyn were on hand March 18 to welcome the new program.

Manitoba Beef Producers also welcomed the appointment. “Beef producers face considerable risks that are not covered by current risk management programs. The development of new, innovative risk management tools will help bring greater stability and opportunity for growth to the beef sector,” an association release says.

India trade policies slammed

washington / reuters U.S. industry groups want Washington to pressure India on reforming high-tech, agricultural and pharmaceutical policies they said block U.S. exports and damage patent rights.

India gets a special deal on trade from the U.S., as it falls under the Generalized System of Preferences program, which waives duties on thousands of goods from developing countries to help them create jobs. It is the largest recipient of benefits under the GSP program — exporting $3.7 billion worth of goods to the U.S. under it in 2011. But the current arrangement expires on July 31.

If the deal is to be extended, American industry wants India to lower regulatory barriers and tariffs, including steep tariffs on U.S. farm goods.

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