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University of Nebraska - Lincoln

Cornhusker Economics

2006

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North Central Risk Management Education Center, Beth A. Eberspacher May 2006

North Central Risk Management Education Center, Beth A. Eberspacher

Cornhusker Economics

The North Central Risk Management Education Center has been providing program leadership and coordination for risk management education in the North Central Region since 2001. This region includes the following states: Kansas, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, Ohio, North Dakota, South Dakota and Wisconsin. The North Central Center is one of four Risk Management Education Centers in the United States. The other three centers are located at the University of Delaware, Texas A&M University and Washington State University.


The Teeter Totter Factor In Community Development, Cheryl A. Burkhart-Kriesel May 2006

The Teeter Totter Factor In Community Development, Cheryl A. Burkhart-Kriesel

Cornhusker Economics

Think back to when you were on a playground as a child ... do you remember playing on a teeter totter? Ever try to find the balance point while the other person was on the opposite end? That took some skill! One slight move of the body by either you or your partner immediately set the board bouncing up and down. In Boomtown USA (2004), Jack Schultz uses the analogy of a teeter totter to illustrate his last key to big success in small towns. He describes it this way: It takes only a small shift one way or the …


Nama At National Marketing Competition In Kansas City, Melissa Williams, Matt Spilker May 2006

Nama At National Marketing Competition In Kansas City, Melissa Williams, Matt Spilker

Cornhusker Economics

The National Agri-Marketing Association (NAMA) is comprised of over 25 chapters in six regions nationwide and has more than 3,500 professional and student members. NAMA professionals have a background in advertising, marketing, media or other areas of agribusiness. This year, members of the University of Nebraska–Lincoln chapter of the National Agri-Marketing Association (NAMA) had the chance to attend the National Marketing Competition held April 18-21 in Kansas City.


2005 Nebraska Farm Business Data, Tina N. Barrett May 2006

2005 Nebraska Farm Business Data, Tina N. Barrett

Cornhusker Economics

Following a year of climbing fuel prices, tough crop prices and average yields, I really didn’t expect to be reporting record high net farm income for the State of Nebraska, but that’s the news I have to report. Net Farm Income for 2005 was $83,095, up 5 percent over last year’s record high income. I was really surprised as the averages were coming in, but it didn’t take long to understand where the numbers were coming from.


Crop Revenue, Resource Contributions And Budgeted Rents, Roger Selley Apr 2006

Crop Revenue, Resource Contributions And Budgeted Rents, Roger Selley

Cornhusker Economics

In an earlier newsletter (March 15, 2006) steps were outlined for arriving at a crop share and cash rent. It was ‘argued’ that establishing the productivity of the rental property is fundamental. Once the size of the pie is determined, it can then be divided between the resources used to produce the crop. As illustrated in the March 15th newsletter, failure to value the contributions so they add up to the expected revenue will misrepresent the actual value of the contributions.


A New Tool For Analyzing Cooperative Equity Plans, Jeffrey S. Royer, Darrell R. Mark Apr 2006

A New Tool For Analyzing Cooperative Equity Plans, Jeffrey S. Royer, Darrell R. Mark

Cornhusker Economics

A computer program designed to aid Nebraska cooperatives in making financial decisions will be released this month by University of Nebraska–Lincoln Extension. The NebCAST program will enable directors and managers of any cooperative to assess the effects of their equity management decisions on the organization and its members in a manner consistent with the decision-making processes cooperatives typically follow. NebCAST, which stands for University of Nebraska–Lincoln Extension Cooperative Analytical Simulation Tool, was developed by Darrell R. Mark, Jeffrey S. Royer, and Rik R. Smith of the UNL Department of Agricultural Economics.


The Pork Industry -- A Year Later, Allen Prosch Apr 2006

The Pork Industry -- A Year Later, Allen Prosch

Cornhusker Economics

The only words for the pork industry in 2004, were “demand driven.” The industry had just put an annual record amount of pork on the market and received near record high prices for doing so. Demand for pork exports were at record levels and domestic demand was fueled by high protein diets.


Cattle Lease Checklist, J. David Aiken Apr 2006

Cattle Lease Checklist, J. David Aiken

Cornhusker Economics

Some producers find it advantageous to lease their cattle to other producers either for cash or for a share of the calf crop. This may be in the course of ultimately transferring the herd — e.g., to a child or other new owner. It may also be used by a producer who has been forced to liquidate his/her herd and wishes to re-establish a new herd. This checklist has been adapted from Doye, Sahs & Coe, Breeding Livestock Lease Agreements, F-571 and Doye, Sahs & Coe, Stocker Livestock Lease Agreements, F-572 (Oklahoma Cooperative Extension Service).


Beef Export Verification Program For Japan, Mark Halstead, Darrell R. Mark Mar 2006

Beef Export Verification Program For Japan, Mark Halstead, Darrell R. Mark

Cornhusker Economics

After regaining beef export trade with Japan in December 2005, export rule violations prompted Japan to reinstate its beef trade ban on January 20, 2006. While it is uncertain when trade will resume, it is incumbent upon the entire U.S. beef industry to understand the rules for beef export to Japan. These rules are established in USDA’s Beef Export Verification (BEV) Program for Japan. This BEV Program applies to companies, producers, feedlots, slaughterers and fabricators who supply beef and beef offal for export to Japan. Suppliers must comply with the specified product requirements under the USDA BEV Program for Japan …


Nebraska’S Agricultural Land Markets: Dynamic And Diverse, Bruce B. Johnson Mar 2006

Nebraska’S Agricultural Land Markets: Dynamic And Diverse, Bruce B. Johnson

Cornhusker Economics

Preliminary results for the 2006 University of Nebraska–Lincoln Nebraska Farm Real Estate Market Developments Survey show patterns of change and contrast. Overall, the average per-acre value of Nebraska farmland climbed 9.6 percent during the year ending February 1, 2006 (Figure 1 and Table 1). However, based on these preliminary findings, the annual changes across regions and types of land varied widely.


Crop Rental Rates, Roger Selley Mar 2006

Crop Rental Rates, Roger Selley

Cornhusker Economics

One of the most frequently asked questions by landlords and tenants is, “Should we be adjusting our rental arrangement in response to the recent changes in costs (or returns)?” A related question is, “What are others in the area doing?” An implication of some of the questions asked is, “We should be doing something similar to our neighbors,” or at least, “what others are doing will provide guidance on what we should be doing.”


Nebraska Supreme Court Allows School Consolidation Law To Move Forward, J. David Aiken Mar 2006

Nebraska Supreme Court Allows School Consolidation Law To Move Forward, J. David Aiken

Cornhusker Economics

On March 3, 2006 the Nebraska Supreme Court ruled that a district court’s order stopping the implementation of a 2005 school consolidation statute was in error. Pony Lake School District v. State Committee for Reorganization, 271 Neb. 173 (2006). The Supreme Court’s ruling paved the way for the mandatory June 15, 2006 termination of over 200 Class I School Districts pursuant to L.B. (Legislative Bill) 126, despite a November 7, 2006 voter referendum on LB126.


A Billion Dollars A Day, E. Wesley F. Peterson Mar 2006

A Billion Dollars A Day, E. Wesley F. Peterson

Cornhusker Economics

Government subsidies for agriculture in the industrialized nations of North America, Western Europe and East Asia (Japan and South Korea) have been severely criticized by many commentators because of their negative impact on developing countries. (See, for example, “Protecting the French Farmer,” from the editorial page of the New York Times, December 8, 2005). Many have noted that these wealthy countries subsidize their farmers at the rate of a billion dollars a day and that the resulting overproduction depresses world prices to the detriment of low-income countries that depend on agricultural exports. Agricultural subsidies have been a major issue during …


Cattle Cycles: Where Are We And Where Are We Headed?, Dillon Feuz Feb 2006

Cattle Cycles: Where Are We And Where Are We Headed?, Dillon Feuz

Cornhusker Economics

There are 97.1 million total head of cattle in the U.S. as of January 1, 2006. That is an increase of 1.78 percent over the 2005 value, and an increase of 2.33 percent over the 2004 value. The January 1, 2004 value marked the end of the prior cattle cycle and the start of a new cycle. The total number of beef cows that have calved is now at 33.3 million head, an increase of one percent over 2005. This marks the second year of herd growth and it appears that growth will continue in 2006; beef replacement heifers were …


Did He Say Switchgrass ?, Richard K. Perrin Feb 2006

Did He Say Switchgrass ?, Richard K. Perrin

Cornhusker Economics

Yes, in his recent state of the union address, President Bush said, "We will also fund additional research in cutting-edge methods of producing ethanol, not just from corn but from wood chips and stalks or switchgrass. Our goal is to make this new kind of ethanol practical and competitive within six years."


Managing An Agricultural Business In A Risky Environment, H. Douglas Jose Feb 2006

Managing An Agricultural Business In A Risky Environment, H. Douglas Jose

Cornhusker Economics

What is Risk? Risk is a possible adverse event that has the potential to interfere with a business entity’s financial stability or its ability to achieve its mission. Risk can also have a positive outcome. Srategic planning is the process of selecting the plan that will overcome the possible negative impact and convert risks into opportunities.


Recreational Liability Bill Killed, J. David Aiken Feb 2006

Recreational Liability Bill Killed, J. David Aiken

Cornhusker Economics

Years of low commodity prices have encouraged farmers to consider adding alternative enterprises to their operation in order to improve farm income. Some farmers and ranchers have turned to community agriculture or “pick your own” operations (including organic agricultural production), and encourage customers to tour the farm when purchasing produce. Other operators have started a fee hunting enterprise. Still others have started a “pumpkin patch” type operation where visitors enjoy a variety of farm and outdoor amusements for a fee. While Nebraska law exempts landowners from recreational liability where no use fee is charged, landowners may be liable for injuries …


Agri-Tourism: Family Style, David J. Goeller Jan 2006

Agri-Tourism: Family Style, David J. Goeller

Cornhusker Economics

Many farm and ranch families are considering adding agri-tourism as a way to supplement income or to provide increased profits needed to bring a younger family member back into the business. Agri-tourism however, is NOT for everyone. Dealing with the public, being available “on demand” and providing a service requires a completely different skill set than traditional farming and ranching.


Bill Proposes Changes To Fence Viewer Statutes, J. David Aiken Jan 2006

Bill Proposes Changes To Fence Viewer Statutes, J. David Aiken

Cornhusker Economics

In Nebraska, if I want to make a neighbor pay for part of a division fence, I can ask him or her to do so. If they refuse, I can request fence viewers to determine how much of the division fence each neighbor should pay for. I can also build the fence myself and assume full responsibility for the costs of construction and maintenance. Ideally, neighbors should have a written agreement (filed with the land deeds) identifying how the costs of building and maintaining the fence will be shared. But written fence agreements are rare.


Nebraska’S Participation In Global Food And Agricultural Marketing, Neil H. Donovan Jan 2006

Nebraska’S Participation In Global Food And Agricultural Marketing, Neil H. Donovan

Cornhusker Economics

Nebraska is one of the leading agricultural producing states in the country, and the Nebraska Department of Agriculture is highly committed to ensuring that the state maintains its leadership position. Within the Department, the Division of Agricultural Promotions and Development assists agricultural producers and value-added companies in identifying target markets, coordinating trade missions and sponsoring outreach projects to market Nebraska products abroad. The Division utilizes funds available from USDA’s Foreign Agricultural Service along with membership in MIATCO (Mid-America International Agri-Trade Council), USMEF (United States Meat Export Federation) and USLGE (United States Livestock Genetic Exports) who also provide financial support and …


The Hog Industry In 2005, Al Prosch Jan 2006

The Hog Industry In 2005, Al Prosch

Cornhusker Economics

The hog industry enjoyed a remarkable year in 2005. The USDA, December 1st Hog and Pig Report estimated the market herd at 100.3 percent, breeding herd at 100.7 percent, and total herd at 100.4 percent of December 1, 2004 numbers. For the third year in a row, producers increased production while receiving profitable prices.