About Us

Dr. Danny Klinefelter has held the titles of Honor Professor, Regents Fellow, and Extension Economist with Texas A&M AgriLife Extension and Texas A&M University. He received his Ph.D. from the University of Illinois. His research interests include the areas of management strategy and finance.

Dr. Klinefelter directed the Masters of Agribanking program at Texas A&M. He founded and served as director of The Executive Program for Agricultural Producers (TEPAP) for 25 years, served as co-director of the Texas A&M Family and Owner-Managed Business Program and was the executive secretary for the Association of Agricultural Production Executives (AAPEX) for 20 years. He was co-author of Coordinated Financial Statements for Agriculture (CFS) which served as much of the basis for the recommendations of the FFSTF (now the FFSC). He has been a member of the board of AgTexas Farm Credit Services since 2002 and is a member of several private company boards and advisory boards.

In addition to his academic career, Dr. Klinefelter worked in commercial banking from 1972-1976 and the Farm Credit System from 1982-1986. He is author or co-author of eight books and over 600 articles on management and finance. He has received the Texas A&M Association of Former Students Distinguished Faculty Achievement Award for both Extension and Teaching. He has also received the American Agricultural and Applied Economics Association’s Quality of Published Communication Award on two occasions, and the Southern Agricultural Economics Association’s Lifetime Achievement Award. The 25th anniversary issue of the Top Producer magazine listed him as one of the 25 people in the world who will have the greatest influence on the future of American agriculture. He has also received the American Agricultural Editors Association’s Distinguished Service to Agriculture Award. In 2013, Top Producer magazine named him one of 30 innovators who have had the biggest impact on agriculture during the past three decades and listed him as one of 7 bankers and economists who have challenged the status quo. He also received the American Agricultural and Applied Economics Association’s Distinguished Extension Award. He has served on the faculties of the Graduate School of Banking at Colorado, the Federal Reserve Senior Lending Seminar, the ABA’s Graduate School of Agricultural Banking, and FCC Services Senior Lending Seminars.

Dick Wittman, past president of the National Farm Financial Standards Council, wrote about Dr. Klinefelter’s lasting contributions to society in his letter of support for Danny’s nomination as a Regents Fellow. He stated, “Most people know of Danny through his articles and work as the founder and director of The Executive Program for Agricultural Producers; but, there is another area in which his impact has been equally as significant. In 1978, he and Tom Frey developed and published the Coordinated Financial Statements for Agriculture (CFS). Following the farm financial crisis of the 1980s, the National Farm Financial Standards Task Force was created to develop a set of standardized financial reporting and analysis guidelines for agriculture. Those recommendations were published in 1991. Ninety percent of them came directly from CFS. Today, those recommendations have been incorporated in every major agricultural accounting software package, agricultural finance textbook, extension finance publication and the financial statement and analysis material used by almost every major agricultural lender in the country. Very few people have done something that transformed an industry. Only a handful can say they’ve done it twice.”

Dr. John B. Penson, Jr has held the titles of Regents Professor, Stiles Endowed Professor in the Department of Agricultural Economics and Senior Scientist in the Norman Borlaug Center for International Agriculture at Texas A&M University. He earned his Ph.D. from the University of Illinois. His research interests include the areas of macroeconomics and finance.

Dr. Penson has received numerous distinguished performance awards for both teaching and research. His doctoral dissertation received the national Outstanding Doctoral Dissertation Award presented by the American Agricultural and Applied Economics Association. Other national awards include the Distinguished Policy Contribution Award and the President’s Award from the American Agricultural and Applied Economics Association as well as distinguished teaching Awards from both the American Agricultural and Applied Economics Association and the Western Agricultural Economics Association. He has received four distinguished performance awards from the Former Students Association at Texas A&M University, one in research and three in teaching. He received the Honor Professor Award selected by students in the College of Agriculture and Life Sciences. Penson is the recipient of the Outstanding Alumnus Award from Southern Illinois University and the Lifetime Achievement award from the Southern Agricultural Economics Association.

Dr. Penson is the author or co-author of numerous textbooks, including the 7th edition of the textbook “Introduction to Agricultural Economics” used widely at US and foreign universities. He has been a Visiting Scholar at the Federal Reserve System, a Foreign Distinguished Professor at Korea University, and has taught courses in several Central and South American countries as well as several Asian countries. He currently teaches a course in agribusiness finance at Korean University in addition to several economic and finance courses at Texas A&M University. His consulting experience includes financial institutions and financial regulators, including several entities in the Farm Credit System and the Farm Credit Administration. Dr. Penson is the past Editor the Journal of Agricultural and Applied Economics and past co-Editor of Choices and the Agricultural Finance review.