Business Commons^™

Microfinancing And Entrepreneurship In Cocoa Refinement In Côte D’Ivoire, Erin Soro

The Journal of Purdue Undergraduate Research

No abstract provided.

Expanding On Basis Risk Estimates For Pasture, Rangeland, And Forage Insurance, Ryan Feuz, Ryan Bosworth, Ryan Larsen, Royce Larsen, Sean Klein, Matthew W.K. Shapero, Devii R. Rao, Lynnedee Althouse, Karl Striby

Journal of Applied Farm Economics

Basis risk or residual risk arising from disparity between an index’s estimate of losses and actual losses is inherent in index-based insurance products. We approximate basis risk as the false negative probability (FNP) within pasture, rangeland, and forage (PRF) rainfall index insurance for the south-central coastal region of California. We estimate the FNP on average that at least one of two selected coverage intervals will fail to provide an indemnity when a loss is realized at 48%. The average FNP is reduced to only 11% when considering whether both selected intervals fail to provide an indemnity when a loss is …

A Decision-Support System For Economic Feasibility Of Subsurfaced Poultry Litter, Tim J. Stults, Michael P. Popp

Journal of Applied Farm Economics

Cattle (Bos spp.) producers routinely spread fertilizer or broadcast poultry (Gallus gallus L.) litter to improve forage production. With poultry litter widely available across the southeastern United States and being a cheaper source of plant nutrition than commercial fertilizer when proximal to application sites, the novel application of litter below the soil surface, while costly, allows for greater nutrient retention than broadcasting. Since quantifying costs and benefits of subsurfaced litter is complex, we develop and present a decision support spreadsheet for automated farm-scale model comparisons across modes of nutrient management. We compare subsurfaced litter to commercial fertilizer and broadcast litter …

Impacts Of Urbanization On Costs Of Production And Land Use In The Central Southern Seaboard: A Farm-Level Analysis, Richard F. Nehring, Kenneth Erickson, James M. Harris, Charlie Hallahan, Ani Katchova, Flavius Badau

Journal of Applied Farm Economics

This study uses stochastic production frontier (SPF) and DEA frontier methods to estimate the impact of urban influence on the cost of production for traditional corn/soybeans farms in the Southern Seaboard (excepting Virginia and Alabama). We hypothesize that urban influence decreases the technical efficiency of these farms. Although states in this region are not entirely subject to urban influence, some parts of states in this region are highly urbanized. We find that farmers in urban-influenced locations are less technically efficient than farmers in rural locations in the region examined. During 2002-2014, stochastic production frontier and DEA frontier procedures indicate that …

Annual Net Returns To Cover Crops In Iowa, Alejandro Plastina, Fangge Liu, Wendiam Sawadgo, Fernando E. Miguez, Sarah Carlson, Guillermo Marcillo

Journal of Applied Farm Economics

Despite the active promotion of cover crops as a key conservation practice, their adoption is very limited. We developed a series of partial budgets based on a statewide survey of Iowa farmers to evaluate the changes in net returns resulting from the incorporation of cover crops into a corn or soybean production system. The average net returns to cover crop use for farmers who did not use cover crops for grazing livestock or forage were consistently negative across different planting and termination methods, tillage practices, and experience levels. Only farmers who used cover crops for grazing livestock or forage and …

The Value And Feasibility Of Farming Differently Than The Local Average, Cooper Morris, Kevin Dhuyvetter, Elizabeth A. Yeager, Greg Regier

Journal of Applied Farm Economics

The purpose of this research is to quantify the value of being different than the local average and feasibility of distinguishing particular parts of an operation from the local average. Kansas crop farms are broken down by their farm characteristics, production practices, and management performances. An ordinary least squares regression model is used to quantify the value of having different than average characteristics, practices, and management performances. The degree farms have distinguished particular parts of their operations from the average, and how consistently they distinguish their cost, yields, and prices from the average are also analyzed. Farms’ relative size, workers …

Impact Of Automated Guidance For Mechanical Control Of Herbicide-Resistant Weeds In Corn, Terry Griffin, James M. Lowenberg-Deboer

Journal of Applied Farm Economics

This study evaluated the feasibility of reintroducing mechanical weed control as an alternative for herbicide-resistance weed infestations. The production practice tested included row cultivation with a separate banded spray application using high-accuracy automated guidance systems. A range of ground speeds were tested for the row cultivation operation, each with a different per acre cost and timeliness penalty. A typical eastern Corn Belt farm with a rotation of corn and soybean served as the base for the linear programming model. It was found that if the farmer was willing to reintroduce tillage, row cultivation conducted at higher operating speeds in conjunction …

How Much Is That Farm Really Worth—A Comparison Of Three Land Purchase Decision Tools, William M. Edwards

Journal of Applied Farm Economics

Volatile markets for farmland have created interest in tools that can help analyze land investments (Zimmermann, 2014). Extension specialists in several states have created some valuable decision aids that have been utilized by prospective investors, rural appraisers and real estate brokers. Agricultural educators can also use them for teaching the principles of real estate valuation.

Among the land purchase decision aids that are currently available are KSU-Landbuy from the AgManager.info website at Kansas State University (Dhuyvetter & Kastens, 2013), Farmland Purchase Analysis from the Ag Decision Maker website at Iowa State University (Edwards, 2015), and Land Purchase Analysis from the …