The University of Illinois’ Bruce Sherrick, Ph.D., was presented with the Service to Agriculture Award by the Illinois Society of Professional Farm Managers and Rural Appraisers at the organization’s 88th annual meeting held in Springfield, Ill., recently. It is the highest non-member award presented by the society and has been presented annually by the society since 1940.
In making the presentation, Norbert Soltwedel, RPRA, the immediate past president of the group, cited Sherrick’s professional stature and accomplishments within the industry. He noted that Sherrick is the Marjorie and Jerry Fruin Professor of Land Economics, and director of the TIAA-CREF Center for Farmland Research in the Department of Agricultural and Consumer Economics at the University of Illinois. He also serves on the board of the Federal Agricultural Mortgage Association (Farmer Mac). Sherrick teaches undergraduate and graduate courses in applied finance and financial modeling. He has been recognized on the list of teachers ranked as excellent 14 times and has won outstanding teaching awards in both his college and department, as well as the Hughes Teaching Enhancement Award at the University of Illinois, and the College of Agricultural, Consumer, and Environmental Sciences Paul A. Funk Excellence Award.
Soltwedel cited Sherrick’s role in producing the annual Illinois Farmland Values and Lease Trends Report which is published by the Illinois Society. “Dr. Sherrick does a great deal of the lifting on this project in compiling the data from the regional reports that are submitted. He then assists in preparing the information for publication. Frankly, the project would not be at its breadth and scope of coverage and professional presentation if it were not for Dr. Sherrick’s involvement,” Soltwedel told the group.
Sherrick’s research at the University is concentrated in the areas of risk analysis, crop insurance evaluation, farmland markets, and modeling of financial institutions. He is one of the faculty members who have created and maintain programs at the farmdoc website, the multiple award-winning agricultural decision making support program at the University of Illinois (http://www.farmdoc.illinois.edu).
Sherrick is also managing partner of integrated Financial Analytics & Research (iFAR), a consulting firm in Champaign that specializes in crop insurance evaluation models, credit risk assessment and modeling of agricultural finance institutions. He is also an author/coauthor of the FAST (Financial Analysis and Solution Tools) suite of decision tools supporting agricultural producers and lenders.