Professor Baker's research interests are in the area of farm financial
management, stochastic and dynamic models, risk management, financial markets, and land values. He teaches an undergraduate course in agricultural finance and graduate courses in agricultural finance, production economics, and risk.

Professor Baker's recent publications include: "Risk Sharing Versus Low Cost Credit Programs for International Development," American Journal of Agricultural Economics, (Nov. 1990); "A Farm Level Financial Analysis of Farmers' Use of Futures and Options Under Alternative Farm Programs," American Journal of Agricultural Economics (Nov. 1990); "Farmers'
Choice of Fixed and Adjustable Rate Loans," American Journal of Agricultural
Economics (Nov. 1988); and "The Theoretical Effects of Farm Policies on Optimal Leverage and the Probability of Equity Losses," American Journal of Agricultural Economics (Aug. 1988).