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Use or disclosure of information or data B1 Proprietary Property of Watts & Associates, Inc. <br />contained on this sheet is subject to the <br />restrictions on the title page of this proposal. Copyright © 2020 Watts & Associates, Inc. All Rights Reserved. <br />Watts and Associates, Inc. (W&A), is a Billings, Montana, based economic consulting firm <br />specializing in risk management innovation. The core competency of W&A is the melding of <br />econometrics and statistics applied to large datasets resulting in new paradigms of automated risk <br />management products. Risk management specialties include agricultural insurance development, <br />review, and analytics; weather risk assessment for all industries; and development of data mining <br />and risk analysis web tools. <br />W&A’s experience with agricultural risk management extends from avocados to zucchini and <br />has addressed such unique production practices as those for maple syrup and Christmas trees in <br />addition to a focus on livestock risk management. W&A is driven by providing reliable, <br />actuarially sound, effective and affordable risk management tools and products. <br />Key Personnel <br />Key W&A personnel for the Authority crop risk mitigation project include but are not limited to <br />the following: <br />Alex Offerdahl, Crop Insurance Division Head. Alex has over 16 years’ experience in crop <br />insurance development with W&A. Alex has conducted research, analysis, and product <br />development in a wide range of crops (spring wheat, corn, soybeans, sweet potatoes, edible <br />beans, and many others), and holds expertise in all aspects of crop insurance development <br />(pricing, rating, loss adjustment, and underwriting). Alex has extensive knowledge of working <br />with the Federal Crop Insurance Corporation and USDA-RMA. Alex holds a Master of Science <br />degree in Agricultural Business from Kansas State University. <br />Steven Edwardson, Underwriting Department. Steve has over 30 years of experience in crop <br />insurance development, from general yield protection products to more advanced revenue <br />products. Steve has conducted concept development, data acquisition, and underwriting control <br />implementation for spring wheat, barley, dry edible beans, food grade soybeans, mustard, and <br />buckwheat. Steve has worked closely with Federal Crop Insurance Corporation and USDA-RMA <br />in product development and implementation. Steve holds a Master of Science degree in <br />Agricultural Mechanization from the Department of Agricultural Engineering at North Dakota <br />State University.