Monty Lynn: The Impacts of COVID-19 On Global Food Security

Do you ever wonder what COBA professors do when they aren’t teaching class? You may not know it, but many of our professors commit their time to conducting research of all different types. Dr. Monty Lynn recently co-authored a research article titled, “Better Together: Improving Food Security and Nutrition by Linking Market and Food Systems”. The article is a literature review of market and food systems informing on the latest impacts of COVID-19 towards global food security.

Dr. Lynn says, “The article is the fruit of a collaborative effort with technical advisors at World Vision and CARE, supplemented by faculty members at ACU and the Catholic University of America. To share the findings, the article authors will host a webinar in June to describe our work, mostly with a global CARE and World Vision audience. In the article, we combine two popular approaches in global food security which attempt to strengthen markets and nutrition, and we describe CARE and World Vision food security programming that illustrates the model. In the webinar, we will describe the latest information from CARE and World Vision on how the coronavirus pandemic and COVID-19 are impacting global food security.” Dr. Lynn notes that “It is a welcome and special opportunity to join a research team with two of the largest development organizations in the United States and to collaborate with my colleague, Dan Norell, a Senior Technical Advisor in Economic Development at World Vision in Washington, D.C.”

The article and webinar will explore the following:

  • The Inclusive Market and Food Systems Model
  • The importance of bringing the market to vulnerable households
  • How empowering women multiplies nutritional outcomes
  • How access does not necessarily equal consumption
  • The impact of COVID-19 on programming and adaptive management for livelihood programs

Photo by Jeremy Enlow

International development is a topic that Dr. Lynn stays current with for his research and an International Development class that he occasionally teaches at ACU. His recent research shows that “Major gains have been made in global food security, reducing global hunger. Gains began eroding in 2015, however, and global food insecurity began rising again. Nearly one billion people are food insecure today and 140 million of those became food insecure because of the impact of the coronavirus pandemic and mitigation efforts that have disrupted food production and supply chains.”

This blog post is just a glimpse of the information that is covered in the research article. We encourage you to read the full article HERE and join the webinar on May 19th at 12:30 pm EST, Washington, D.C. time zone HERE.

 

STAR Hits Another Milestone and Makes First Distribution of Earnings

Since its inception in 1999 with an initial amount of approximately $100,000, STAR has had several goals in mind. One of those goals was reached when the group hit a huge milestone with $1.5 million in their portfolio this past spring although the portfolio has dipped slightly with the recent economic crisis due to the COVID-19 pandemic. Another one of those goals was reached today when the group was able to make their first distribution from earnings.

Photo by Jeremy Enlow

Assistant Professor of Finance Dr. Jody Jones, said that the distribution will be “$63,000, roughly 4.5% of the December 31, 2019 balance.  Students ‘final’ this Thursday is to make sure they have the cash to distribute back to the endowment. The cash for this disbursement came primarily from gains made this semester on Ford (F), Gold (GLD), and decreasing the holdings in Healthcare Inc (HCA). As of this writing, the fund is $1.3 million (almost to the penny) and STAR is beating the S&P 500 by almost 5% YTD.”

STAR is a student-managed equity fund that is part of the university’s endowment. This semester the students must have $63,000 (4.5% of the 12/31 value) in cash. That money will be used to support the operation of the university as a whole. Jones says that students gain experience that will career over into their professional careers in the future. “Managing over $1 million dollars is something they can put on their resume and shows they have experience – especially this semester when many students lost jobs and internship opportunities.”

Senior Finance major Hunter Jennings said that he learned many things from his time in STAR. “I learned that in order to learn and be successful, you have to be willing to take risks. This experience will translate into my professional career because it pushed me to make decisions and effectively communicate my thoughts and ideas with my peers.”

Photo by Jeremy Enlow

As for learning during a time when the stock market was particularly volatile, Jennings said, “The stock market can be rewarding and it can hurt you. It is all about how you react to those changes. There was a point where we had the fund to its highest value, just to have the market crash and the value go back to where we started.”

Hunter encourages students to consider being a part of the group. “I think that if anyone is interested in getting to work with a team and see real-world results, then they should join STAR. You don’t have to have any experience trading stocks or even be a finance major. Overall, it was one of my favorite classes to take at ACU.”

Students Utilize Virtual Interviewing for Internships

Cliff Crockett (’89), Partner at the accounting firm KPMG in Dallas, Texas, has been conducting interviews for accounting internships at ACU for the past twenty years. This year’s global pandemic proved to be a bit of a challenge. Yet, the social distancing guidelines moved them in the direction that many companies across the country are taking: adapting to virtual interviews.

“We have always done face to face interviews and much prefer them. So this was the first time to do Skype interviews on a broad basis,” Cliff explained. While exceptions have been made before to accommodate students out of the country on study abroad, in-person interviews are the ideal platform to allow interaction with the students.

“We typically have a pre-interview dinner the evening before the interview so that we can get to know them better. This also allows the students to ask a lot of questions to multiple KPMG employees to help them feel more comfortable and get to know KPMG better. The students also get to interact with our greeters right before the in-person interview, so they miss out on this as well.”

Students initially had their interviews scheduled for March 26th, but when the campus closed, they instead began to prepare for virtual ones. When asked if this changed their approach in preparing, sophomore Lacy Mayes explained, “I had to practice looking at the camera instead of the screen. It’s definitely a different approach when you can’t shake hands or look at them directly in the eyes.”

Mikel-Ann Terry

One of the main concerns for virtual interviewing is technology issues, from poor connections to glitches. “I think it is harder for students doing it this way than for the interviewer actually,” Mr. Crockett explained, as KPMG is accustomed to meeting virtually with clients and employees. He advised students to double-check that their technical setup was working well before their interview. However, even when issues arose, junior Mikel-Ann Terry said that the interviewers were very understanding of any issues encountered, saying, “I would encourage anyone thinking about an internship to interview with them, even if it is just for the experience!”

Hannah Pinson

Even though face to face is the ideal platform for interviewing, going virtual is providing students with valuable experience – regardless of location. Senior Rachel Rankey shared, “I learned to speak with confidence so they know what you’re saying and why you were right for that position. I also learned that oftentimes, they just want to get a sense of who you are rather than grilling you with a lot of questions that might be hard to answer”. Junior Hannah Pinson said that she enjoyed the virtual aspect, once she grew accustomed to it.

Crockett concluded by sharing how much he loves being on campus and interviewing ACU students. He and his team look forward to being on campus as soon as they can. “ACU does a great job preparing their business and accounting students for the real world, so take full advantage of your education!”

Venture Out — Home Edition

In the College of Business Administration, students across the board have experienced the challenge of creating and selling a product to their peers however students this semester are facing an additional challenge: creating and selling their product — from home. All business students are required to take the class Intro to Business. This class gives students an idea of what different fields of business are all about. One of the main projects in the course is an entrepreneur-type activity called ‘Venture Out’. Teams are built to create, market, and sell a product to the ACU community; incentives include grades throughout the course, entrepreneur experience, and the opportunity to donate additional profits to the beneficiary of the team’s choice. Products in the past have ranged from t-shirts, stickers, sweatshirts, or anything that can be dreamed up. The teams must keep track of expenses, create a business plan, and pitch their product to a board of professionals for approval.

While this project provides students with valuable experience, current Intro to Business students impacted by the campus closure are having to promote and sell their products remotely. Intro to Business professor Dr. Monty Lynn explained that due to this issue, not all of the teams were able to proceed with the project due to funding and selling issues. Venture Out teams who were already underway in their project chose to continue and are now facing the challenge of selling that product away from the ACU campus. Dr. Lynn commented that despite this extra obstacle, “They are doing a tremendous job”. 

Two of these current participating teams shared their experience so far. “It was more difficult to connect with our customers and explain why we were selling this product,” explained Berkley Bruckner, member of Team Foundation T’s. They chose to sell t-shirts, and created the design in hopes of boosting school spirit and promoting awareness for Big Brothers Big Sisters, their chosen beneficiary. “Since most of our group members are freshmen, we wanted to incorporate a class we all have to take this year. We chose our Bible class and wrote ‘Wildcats’ in Greek”.

Another team experienced similar issues. When asked what has been a challenge for them, member Estefany Hernandez stated that “We couldn’t express our feelings about where the money will be donated or to express our love for children and giving back”. They chose the Hendrick Home for Children as their beneficiary and decided on t-shirts as well for their product. 

Despite the challenges posed for this unprecedented sales environment that COVID-19 has brought on, these student teams are persevering and are learning valuable skills. Dr. Monty Lynn shared a customer’s experience with one of these continuing Venture Out teams: “An ACU graduate student recently contacted me to say she purchased some stickers from a team and was so impressed with the transaction. She received the ordered stickers in the mail shortly after purchasing it online. The product even arrived with customer service touches and an e-invoice! So just a shout-out to our freshmen business teams who have pivoted quickly and are serving well!” COBA is proud of these teams for their success and perseverance during this time and believes that unique business lessons are being learned about the need for flexibility and agility in small businesses that will stay with these students for a lifetime. 

Internship Spotlight: Graham Cepica

Graham Cepica (’21) is a marketing major from Lubbock, TX. Graham recently began an internship with New York real estate developer, Horacio LeDon, where he has been able to receive real-world experience that he can translate to the classroom and his professional career development. When it comes to internships and job searches, networking often plays a vital role in finding the opportunities that will provide the most valuable experience. Initiative, interest, and passion also play a large role in obtaining such opportunities. Graham is a wonderful example of how networking brought him to a once in a lifetime internship opening.

“Last semester, I had the chance to attend the Abilene Young Professionals Summit. In one of the breakout sessions, a local entrepreneur and real estate developer named Tim Smith was speaking. After the panel, I introduced myself to him and got his information. It wasn’t long before I was spending my days downtown shadowing Tim, meeting people, and learning about the exciting developments in store for Abilene. Towards the end of the semester, I approached Tim about a possible internship for the coming spring. Even though he could use a hand with his projects in south downtown, he suggested a better alternative. Tim introduced me to a man by the name of Horacio LeDon, a prominent real estate developer from New York that was a fellow investor in the purchase of the Windsor Hotel. Horacio was the lead developer for the renovation and revitalization of the historic building and was willing to take me on as his intern. Tim recognized that this project would be a once-in-a-lifetime opportunity for me, and the experience has been nothing short of exactly that.”

“I would go to my internship every weekday after I got out of class. A typical day looks like me meeting Horacio after lunch and updating him on any upcoming meetings that I have set up for us with different vendors and partners. For example, Abilene companies that sell flags that we want to extend from the balcony, potential businesses that we are interested in for the retail spaces connected to the lobby, interviews with local CPA’s to serve as part-time CFO’s, interior designers that can come alongside us in the project, architects, lighting designers, security services, etc. In addition to meetings, I organize floorplans, inspiration, official documents, and agendas into their corresponding files. Horacio and I have various shared photo albums with inspiration for the Windsor, as well as shared Notes with to-do lists. Sometimes, Horacio has his own meetings that I get to shadow. I have gotten to meet the city manager, chairman of the city council, and others by way of Horacio’s network. Horacio is always mindful of providing me with valuable experience and learning opportunities. The relationship I have with Horacio has been my favorite part of the internship. Due to a mutual respect for one another, we have developed an efficient working environment allowing me to serve the team and be part of a special development for downtown Abilene.”

This project has fueled a desire in Graham to further explore careers in real estate and real estate development. “I am intrigued by the creativity that real estate development presents. The ability to see something with potential and add value to it is something that I have a passion for. I would love to bring this passion into my career – whether I am adding value to a building, a project, or a team of people. But right now, my next best step is to ‘add value’ to this internship with the service I provide.”

The College of Business Administration seeks to provide all students with internship and job search help, professional development coaching, as well as helping students expand their professional network. Graham Cepica is definitely a testament to the power of networking, saying, “The networking opportunities at ACU had a domino effect that led me from one person to the next.”

Interested in learning more about professional development at ACU? Click here to learn more about the Professional Development program offered by COBA. Click here to learn more about ACU’s Career Center. 

An Interrupted Semester: A Study Abroad Student’s Perspective

(Maddy Crockett, sophomore accounting major from Lubbock, Texas shares her experience of living in Oxford, England with ACU’s Study Abroad program this spring and what it was like when they were forced to return home due to the Coronavirus.)  

Heartbroken – the moment we’d been dreading had come. We looked around at each other as they announced over the loud speaker on the bus that the Oxford program was forced to shut down. We were going home two months earlier than expected. President Trump had addressed the nation the night before, raising the travel restriction levels all throughout Europe, except for the UK. The other students in Leipzig were out of Germany when the news came, and they left immediately – without their belongings and without saying goodbye. The prospect of the Coronavirus interfering with our semester had been a topic of debate between the students for several weeks, but we were optimistic until the end. After that day, though, we began the dreaded process of saying goodbye.

Before I studied abroad, I might not have taken seriously how deeply one connects to the place they live. “Yes, they have to come home. So what? They just spent the last two months travelling and spending money. Surely it couldn’t have made that big of an impact, right?” And sadly, I make these assumptions for many activities I have no experience in. Yet, the past two months, while seemingly short, truly were life changing, and my heart ached at the prospect of leaving early and departing from that environment.

I really had no plans to study abroad. A friend convinced me to sign up freshman year, and thinking it would be a good way to push myself, I said yes and submitted my application. Yet, as the drop date steadily approached, I went back and forth, struggling over if it was something I truly wanted to commit to. Did I want to be gone for a whole semester? Would I regret the activities and people I’m missing on campus? What if I got over there and hated it? Was it even worth it? After almost backing out – twice, I might add – I decided to go through with it, and that was that. Fall semester flew by and Christmas break arrived, which led to packing, planning, and saying goodbye to friends and family in Texas.

The day we left for Oxford – a Wednesday morning after spring semester had started – we were teary-eyed and unsure what the next four months held. I had two close friends going abroad with me and others who I hoped to know better, but I was leaving many dear friends at ACU. ‘Why on earth am I leaving when I have so many good things right here?’ I thought as we all hugged each other goodbye. Then, we were whisked away on the bus, took several long flights, and arrived exhausted and unsure the next day in the city of Oxford. It was cloudy, cold, and completely foreign.

The next few days held room assignments, walking tours, scavenger hunts, and exploration as we settled into our new environment. The cloudiness and cold slowly shifted to cozy and ideal; the foreign turned into curiosity and adventure. We found bakeries with beautifully decorated cakes, coffee shops with upstairs seating and rickety wooden floors, the grocery store to load up on a few days’ worth of groceries (and no more than that — it’s a mile walk home, and you carry what you buy). We began our classes in a little establishment off of Woodstock Road – The Quaker Meeting House – and got plugged into a church that many study abroad alums told us about, St. Aldates. We went running through the abundant parks and meadows Oxford holds, and we grew accustomed to walking at least a mile to get places. The days faded into weeks, and without even realizing it, I had forgotten to be nervous or to miss home. This adventure had captured my attention, and each new day brought eagerness and excitement – a rhythm was found.

While a foreign country itself is an incredible journey, it wouldn’t have been half of what it was without the people I experienced it with. Oxford holds the largest ACU group, with thirty-five students, two professors, and an on-site director, but it never hindered us from learning to know one another. These were people we saw day in, day out, from breakfast to class, to the common rooms and everywhere in between. We were all on the same schedule, all in a new place, and all wanting to make the most of our time here – which is the perfect environment for connection. Not only did I grow closer to the friends I already had, but our community grew abundantly as we created one-of-a-kind shared experiences with each other. Class devotionals on Monday nights, breakfast for dinner with a smaller group, college night at church (and going for ice cream once it ended), and eventually, travelling to different countries in our free weekends. An environment affect change so much in a person, but the people there with you make all of the difference.

It would be impossible to convey everything I learned or experienced in Oxford, but there are a few that stick out to me. Something I have noticed since being at home is that study abroad gives students the opportunity to step back from their commitments, their activities, the people they spend time with, and really see who they are outside of that. It can help you think about what’s important to you back home, and what you want the rest of your college career to look like. For me, these past two months helped me grow in proactivity and confidence. Whether it be volunteering to plan out all the details of our next trip, using Apple maps to navigate us through the streets of a city, or choosing excitement instead of intimidation when countless opportunities present themselves, the experiences I had helped make me a little more well-rounded (I hope, at least!).

The Coronavirus had been a topic of discussion, first jokingly back in February, then more seriously as other universities began to pull their programs. To us, it was something in China, then in Italy — but not Oxford, not where we were. The week before we left, our class was scheduled for a trip to Northern Spain. We were elated because we would all be together to explore that new place. As we packed and prepared to leave for it, we heard about more and more programs that were being called back home and that the numbers of the sick in Italy were growing exponentially. There was debate if we would be pulled, too, but the ACU Study Abroad office continually communicated with us that our program would continue as planned, as long as our area was safe and that the US deemed it so. Looking back, our time all together in Spain was one of the high points of our semester, and we could not have ended on a better note.

When we learned that we were going home early, we were blessed to have two whole days left to say goodbye to our temporary home. Souvenirs were bought, scones and pastries were consumed in unhealthy quantities, we had one last breakfast for dinner, and we ran through the parks and meadows that were slowly greeting spring. The last day held flurried packing, tearful conversations, and a bus ride to the airport that came all too soon. I thought back to that first bus ride, where I questioned why on earth I was wanting to do this. Now, I never wanted to leave. Life can be funny that way.

As I sit here at home, saddened by what these next two months could have held in Oxford, but even more so by the devastation and chaos that the Coronavirus has brought upon everyone, I am still grateful. Friends and family reaching out to see how we are holding up, class Zoom calls that feel a little more like reunions, a virtual breakfast for dinner, and time to sit and dwell on what the Lord has done in us since we left the US back in January. Study Abroad gave me the dearest friends, an abundant atmosphere and culture, and instilled a drive in me to go after and get done ideas that I have. I am so incredibly grateful for this opportunity, in the midst of its interruption, and I am curious to see what the rest of this year will look like. Still, I am eager for the day when I can return again to visit this temporary home.