Thomas E. Elam, PhD

Thomas E. Elam, PhD, President, FarmEcon LLC. An expert on global farming and food systems analysis. At the US-Nigeria Agribusiness Investment Summit & Expo, Dr. Elam will be making a presentation on “Advances in Poultry Farming – Demand and Trade, productions systems, quality control and opportunities for investment in emerging markets. “

Dr. Tom Elam was named as a Poultry USA “Top Gun” consultant. The November, 2006 edition of Poultry USA named Tom Elam as one of the most trusted consultants to the U.S. poultry industry.

Dr. Thomas E. Elam earned MS and PhD degrees in Agricultural Economics from the University of Tennessee, Knoxville. His minor subject in graduate school was econometrics, the science of statistics applied to economics.

While at the University of Illinois, Dr. Elam served as a professor and statewide extension specialist in grain and livestock marketing.

In November, 2006, just three years after he founded FarmEcon LLC, Dr. Elam was recognized by Poultry USA magazine as one of the top 20 consultants to the U.S. poultry sector.

Work performed by FarmEcon LLC has included all dimensions of the U.S. broiler and turkey sectors. As a result of that work Dr. Elam has recent experience in chicken demand and trade, production systems, grower economics, and Grain Inspection, Packers and Stockyards Administration (GIPSA) regulations.

Dr. Elam has also written a number of in-depth, client-confidential, customer and competitor profiles for several of his clients. These profiles include analysis of the financial prospects for those businesses.

In 2010 Dr. Elam wrote an expert opinion for the National Chicken Council that analyzed the potential impact of proposed GIPSA broiler contracting rule changes on production costs and other dimensions of contracted live chicken production. Partially as a result of that opinion, USDA elected to not pursue most of the proposed changes that would have affected chicken contracting terms and conditions.

Dr. Elam also recently completed an expert opinion paper for use by Bank clients. This paper was a comprehensive review of U.S. broiler sector demand, supply, trade and price issues. It included detailed in-depth profiles of the top 20 U.S. broiler integrators.

Dr. Elam has a solid record of successful leadership in a wide variety of agriculture, business planning and financial management environments. His experience spans a management role in a $700 million multinational corporation to financial roles with several non-for-profit and charitable organizations, farm management, and his own consulting company. He has an excellent working knowledge of the relevant areas of finance, taxes, accounting systems, agricultural production, and farming economics.

Dr. Elam is a widely requested speaker at agricultural conferences in the U.S. and around the world.