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2020

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Full-Text Articles in Business

Validation Of An Automated Body Condition Scoring System Using 3d Imaging, Niall O'Leary, Lorenzo Leso, Frank Buckley, Jonathon Kenneally, True North Technologies, Shannon Business Centre, Shannon, Clare, Ireland;, Laurence Shalloo Jun 2020

Validation Of An Automated Body Condition Scoring System Using 3d Imaging, Niall O'Leary, Lorenzo Leso, Frank Buckley, Jonathon Kenneally, True North Technologies, Shannon Business Centre, Shannon, Clare, Ireland;, Laurence Shalloo

Publications

Body condition scores (BCS) measure a cow’s fat reserves and is important for management and research. Manual BCS assessment is subjective, time-consuming, and requires trained personnel. The BodyMat F (BMF, Ingenera SA, Cureglia, Switzerland) is an automated body condition scoring system using a 3D sensor to estimate BCS. This study assesses the BMF. One hundred and three Holstein Friesian cows were assessed by the BMF and two assessors throughout a lactation. The BMF output is in the 0–5 scale commonly used in France. We develop and report the first equation to convert these scores to the 1–5 scale used by …


Introduction To The R-Package: Usdampr, Elliott James Dennis, Bowen Chen Jun 2020

Introduction To The R-Package: Usdampr, Elliott James Dennis, Bowen Chen

Extension Farm and Ranch Management News

Why the Need for the Package? In the 1990’s, concern over growing packer concentration and a hog industry market shock resulted in discontent among producers and packers. As a result, the United States Congress passed the Livestock Mandatory Reporting Act of 1999 (1999 Act) [Pub. L. 106-78, Title IX] which is required to be reauthorized every five years. See here for a full history of the Livestock Mandatory Reporting Background.

Market reports were publicly issued in the form of .txt files with varying frequency from April 2000 to April 2020. Current and historical data were also housed in a USDA-AMS …


Business Powers Of Attorney For Nebraska Farm And Ranch Business Owners, J. David Aiken Jun 2020

Business Powers Of Attorney For Nebraska Farm And Ranch Business Owners, J. David Aiken

Extension Farm and Ranch Management News

This publication introduces the POA concept and discusses the Nebraska statutory form POA and its limitations. The purpose is to familiarize the reader with POAs, including their use and misuse, so that they can interact more effectively with their attorney in developing a POA, should they need one.

Disclaimer

This information is intended for educational purposes only; it must not be taken as legal advice or as a substitute for legal advice. If you have legal questions about developing and implementing a power of attorney for operating your business should you be unable to do so yourself, contact an …


Utilizing Annual Forage Crops In Rotations, John Hewlett, Jay Parsons, Jeff Tranel Jun 2020

Utilizing Annual Forage Crops In Rotations, John Hewlett, Jay Parsons, Jeff Tranel

Extension Farm and Ranch Management News

First paragraph

Approximately 60 million acres of forage are harvested annually in the United States, according to the National Agricultural Statistical Service (NASS). With lower commodity grain and oilseed prices along with high pasture rental rates and/or difficulty finding range and pasture to rent, some producers are considering ways to incorporate more forages into their crop rotations.


Changing Grid Premiums And Discounts Due To Underlying Changes In The Fed Cattle Industry, Elliott James Dennis Jun 2020

Changing Grid Premiums And Discounts Due To Underlying Changes In The Fed Cattle Industry, Elliott James Dennis

Extension Farm and Ranch Management News

First paragraph:

In recent weeks there has been increased attention given to the role of Alternative Marketing Arrangements, commonly referred to as AMA's, in the fed cattle market. The use of these AMA’s varies greatly by region and some of the more common AMA’s used include grid and formula pricing. AMA’s pay producers premiums and discounts from a ‘base price’ based on a combination of the yield grade, quality grade, and weight of dressed cattle. It is common for the negotiated cash price to serve as the ‘base price’ for AMA’s using the either the geographical region or the 5-market …


Saturday Night Live Club Lamb Sale, Tyler P. Wilkerson Jun 2020

Saturday Night Live Club Lamb Sale, Tyler P. Wilkerson

Agricultural Education and Communication

“Competition is said to be the backbone of the stock show industry,” (Davis, 1998). A statement spoken in a 1998 thesis paper on the junior livestock industry still holds water in today’s world. Youth livestock exhibition, especially in California, continues to grow in the number of youth participants and the number of livestock entries at shows (Switzer, 2019).

It is the responsibility of livestock breeders to breed, raise, and sell their livestock to maximize the opportunity for youth to acquire livestock to show. In his research, Wendt discusses the capabilities of purchasing livestock through online platforms. He speaks to the …


Increasing Groundwater Recharge Activity In The San Joaquin Valley Of California, Jacob Willhite, Jacob Willhite Jun 2020

Increasing Groundwater Recharge Activity In The San Joaquin Valley Of California, Jacob Willhite, Jacob Willhite

Agricultural Education and Communication

Over the past several decades, groundwater has become a primary source of water used for agriculture in California. Surface water available for agricultural use has depleted due to declining rain totals and reallocation to environmental purposes. As a result, groundwater overdraft has become a severe challenge, especially in the San Joaquin Valley of California. This excessive overdraft causes a plethora of issues, one of the most serious being land subsidence (Faunt, Sneed, Traum, & Brandt, 2016). Studies suggest some areas of the San Joaquin Valley have experienced more than a 28-foot drop in the land level since the 1970’s (Alley …


Coronavirus Food Assistance Program For Livestock Producers, Bradley Lubben May 2020

Coronavirus Food Assistance Program For Livestock Producers, Bradley Lubben

Extension Farm and Ranch Management News

United States Congress and the President have approved multiple phases of COVID-19 assistance to date including the $2.3 trillion CARES (Coronavirus Aid, Relief, and Economic Security) Act passed in March that provides financial support for agricultural producers as a small part of the overall relief.

While agricultural producers and agribusinesses are eligible for two programs administered through the Small Business Administration, including the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDLs), the primary support for agriculture is coming from USDA through the Coronavirus Food Assistance Program (CFAP). The CARES Act provided $9.5 billion directly to the Secretary of …


Coronavirus Food Assistance Program For Crops Producers, Bradley Lubben May 2020

Coronavirus Food Assistance Program For Crops Producers, Bradley Lubben

Extension Farm and Ranch Management News

The United States Congress and the President have approved multiple phases of COVID-19 assistance to date including the $2.3 trillion CARES (Coronavirus Aid, Relief, and Economic Security) Act passed in March that provides financial support for agricultural producers as a small part of the overall relief.

While agricultural producers and agribusinesses are eligible for two programs administered through the Small Business Administration, including the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDLs), the primary support for agriculture is coming from USDA through the Coronavirus Food Assistance Program (CFAP). The CARES Act provided $9.5 billion directly to the Secretary …


Alternatives To High Nebraska Agricultural Land Real Estate Taxes, Part 2 Of 2: Like-Kind Exchange, Austin Duerfeldt May 2020

Alternatives To High Nebraska Agricultural Land Real Estate Taxes, Part 2 Of 2: Like-Kind Exchange, Austin Duerfeldt

Extension Farm and Ranch Management News

In part one of this series of articles, I touched on the idea that, when holding land as an investment, considering alternatives is important. We discussed the process of selling the ground, paying the capital gains and then investing in alternatives such as stocks. Here in part two, we will continue to consider the question of agricultural land being the correct investment for your portfolio but will take a different alternative approach. Now, we will look at like-kind exchanges.

1031 Like-Kind Exchange

With a 1031 like-kind exchange, we are taking a real property asset and exchanging it for another real …


Advanced Health Care Directives In Nebraska: Health Care Power Of Attorney And Living Wills, J. David Aiken May 2020

Advanced Health Care Directives In Nebraska: Health Care Power Of Attorney And Living Wills, J. David Aiken

Extension Farm and Ranch Management News

First paragraph:

During this period of coronavirus pandemic, some Nebraskans may be concerned about how medical decisions will be made for them if they are unable to communicate their wishes to their health care providers themselves. In these circumstances, health care providers will normally consult with the patient’s family members who may be available (spouse, then adult children–consensus, then parents, etc.) If no family members are present, the health care providers will use their best medical judgment in making health care decisions for the patient.

Disclaimer

This information is intended for educational purposes only; it must not be taken as …


Examining Consumers' Trust In The Food Supply Chain, Chadelle R.H. Robinson, Taylor K. Ruth, R.G. "Tre" Easterly Iii, Fayth Franzoy, Jay Lillywhite May 2020

Examining Consumers' Trust In The Food Supply Chain, Chadelle R.H. Robinson, Taylor K. Ruth, R.G. "Tre" Easterly Iii, Fayth Franzoy, Jay Lillywhite

Journal of Applied Communications

Consumers are concerned about the quality and safety of their food at all times during the food supply chain, but sensationalized media coverage, lack of knowledge, and recent recalls have made it difficult for consumers to trust the agricultural industry. Because trust drives risk perceptions and acceptance, it is important for agricultural communicators to understand how personal characteristics influence trust in the food supply chain. To fulfill the purpose of this study, a national quota sample of 847 responses to an online questionnaire were collected in March 2019. The results indicated respondents held a moderate level of trust toward production …


Accounting For Ag: Step Up While Passing Down, Austin Duerfeldt May 2020

Accounting For Ag: Step Up While Passing Down, Austin Duerfeldt

Extension Farm and Ranch Management News

Summary

Through this article, I hope you’ve gained a better understanding of the basics of a step up in basis. A step up in basis can be viewed as an opportune time to sell long held farm ground that appreciated in value, with little to no capital gain issues. It plays a vital role in estate planning. In the individual case of each farmer/rancher, how the step up in basis might work for your operation varies on many specific circumstances. Developing an estate planning team that includes professionals such as an attorney and accountant, as well as, investment and insurance …


Alternatives To High Nebraska Agricultural Land Real Estate Taxes, Part 1 Of 2: Capital Gains And Alternative Investments, Austin Duerfeldt May 2020

Alternatives To High Nebraska Agricultural Land Real Estate Taxes, Part 1 Of 2: Capital Gains And Alternative Investments, Austin Duerfeldt

Extension Farm and Ranch Management News

First paragraph

In Nebraska, most of my conversations about managing agricultural properties, whether rental or production, tend to steer toward real estate taxes at some point. While many counties in Nebraska have seen agricultural land taxes drop slightly since the 2015-2017 period, they are still a significant portion of operational expense. For example, dryland acres in Southeast Nebraska ballpark around $60 an acre. For someone looking to cash rent inherited ground, this becomes a major point of concern when looking for a tenant. If that ground cash rents for $190 an acre, and $60 an acre goes towards real estate …


Teaching Economic Risk Management Through A Video Game Concept, Samantha Montella May 2020

Teaching Economic Risk Management Through A Video Game Concept, Samantha Montella

Senior Honors Projects

Many video games imply economic behavior: making decisions within a game highlights the fundamentals of human action. The basic idea is that virtual worlds, like the real world, present us with a series of choices. Games impose digital scarcity, obliging players to weigh the benefits of different courses of action, make tradeoffs, and incur costs.

Good examples are found in the role-playing game (RPG) genre, where players face tough choices between different specializations and skill trees. Obliging players to make difficult decisions highlights the opportunity costs of choice, not the money cost. Games also encourage players to think entrepreneurially: to …


Asymmetric Exchange Rate Pass-Through In Southeast Asian Rice Trade, Taylor Wiseman May 2020

Asymmetric Exchange Rate Pass-Through In Southeast Asian Rice Trade, Taylor Wiseman

Graduate Theses and Dissertations

Asian countries consume approximately 90% of the world’s rice supply. Between 2007 and 2014, Thailand, Vietnam, and India accounted for 60% of the world’s exports of rice. This paper estimates the impact of exchange rate fluctuations on bilateral trade flows in Southeast Asia. Because most Southeast Asian countries have state trading enterprises or agencies controlling rice trade, this analysis will provide insight as to whether these agencies respond to exchange rate fluctuations in a manner consistent with economic theory. Behavior inconsistent with economic theory could provide evidence of stabilizing domestic prices, market power, or export expansion policies. The analysis focuses …


Examining Farm Bill Expenditures Over The Last Decade, Bailey Riggs May 2020

Examining Farm Bill Expenditures Over The Last Decade, Bailey Riggs

Agricultural Economics and Agribusiness Undergraduate Honors Theses

The American Farm Bill is a bill that is passed by Congress every five to six years. This legislation is omnibus, meaning it covers a wide variety of topics such as nutrition, conservation, rural development, crop insurance, and much more. This thesis will study the effectiveness of the allocation of funding covered in the Farm Bill, specifically Farm Bills from the last 12 years. This bill has a significant impact on farmers who need support from the government to remain profitable and continue their operation. This thesis will examine how shifts in funding can affect farmers growing crops, raising beef …


The Economics Of On-Farm Rice Drying In Arkansas, Clayton Parker May 2020

The Economics Of On-Farm Rice Drying In Arkansas, Clayton Parker

Agricultural Economics and Agribusiness Undergraduate Honors Theses

Globally, rice producers are faced with the temporal problem of deciding the optimal time to being rice harvest. When harvested, paddy rice is typically at a moisture content (HMC) between 15 and 22%. Upon delivery, the rice is subsequently dried by the mill to a moisture content (MC) of 12.5%. Riceland Foods Inc., the largest miller of rice in the world, uses a stair-step pricing model to charge farmers to dry in price/unit as the MC of grain decreases from a range of +22% to 13.5%. This study estimates an alternative linear relationship in the stair-step model to determine MC …


The Political Preferences Of Arkansas Farmers And Ranchers, Rachel J. Barry May 2020

The Political Preferences Of Arkansas Farmers And Ranchers, Rachel J. Barry

Agricultural Economics and Agribusiness Undergraduate Honors Theses

This research was conducted to evaluate where farmers and ranchers find political information and assess their political preferences. By conducting a survey of Arkansas farmers and ranchers we were able to determine that they prefer face to face interaction as a source of information by large margins. They typically consult friends, peers, and extension agents where appropriate. Depending on the type of political information they are seeking (information about candidates as opposed to information about policy topics), they often used other types of information sources such as the internet and broadcast media. We also ascertained that farmers and ranchers have …


Markets And Supply Chains: An Investigation Of The Institutions Influencing The Farm-Supply Chain Interface, Jessica L. Darby May 2020

Markets And Supply Chains: An Investigation Of The Institutions Influencing The Farm-Supply Chain Interface, Jessica L. Darby

Graduate Theses and Dissertations

Farm-level operations have lasting and amplified impacts that promulgate the entire supply chain, and the farm is increasingly in the forefront of today’s headlines on topics such as social responsibility, environmental sustainability, traceability, and food safety. Despite its significance, however, the farm remains a ‘black box’ and has traditionally operated independently with little information-sharing, trust, or collaboration with buyers downstream. This dissertation begins to unpack this ‘black box’ by employing different methodologies to identify the factors influencing exchange in the farm-supply chain interface. In Essay 1, I examine why the farm continues to be a challenge for ‘traditional’ collaborative approaches …


Use Of Acetolactate Synthase-Inhibiting Herbicides In Inzen Grain Sorghum (Sorghum Bicolor L. Moench Ssp. Bicolor), Hunter Bowman May 2020

Use Of Acetolactate Synthase-Inhibiting Herbicides In Inzen Grain Sorghum (Sorghum Bicolor L. Moench Ssp. Bicolor), Hunter Bowman

Graduate Theses and Dissertations

Grain sorghum is typically grown as a rotational crop in Arkansas because of its many benefits, one being the effective control of Palmer amaranth through the use of atrazine. However, limited options exist for postemergence (POST) control of weedy grasses within the crop. Inzen™ grain sorghum is the result of a nicosulfuron resistant weedy sorghum biotype cross-bred with a commercial line of grain sorghum. Inzen™ allows for safe use of over-the-top applications of nicosulfuron within the crop. Nicosulfuron is an acetolactate synthase (ALS)-inhibiting herbicide, which has historically been used in corn for control of weedy grasses. Experiments were conducted in …


Conservation And Farm Viability On Vermont Small Farms, Mark Cannella, Anthony Kitsos May 2020

Conservation And Farm Viability On Vermont Small Farms, Mark Cannella, Anthony Kitsos

UVM Extension Faculty Publications

In spring 2019 the UVM Extension Agricultural Business program conducted a survey of Certified Small Farms (CSFO) in Vermont. The goal of this survey is to gather information on the economic situation across Vermont’s small farms, explore their adaptation to water quality regulations and to understand the next steps for farms moving forward. Vermont implemented new Required Agricultural Practices (RAPs) in 2017. The anonymous survey was distributed to 334 CSFO businesses owners through postal mail. The survey was completed by 173 respondents.

Results show that small farms made many conservation improvements to attain compliance new regulations. Lower cost investments in …


The Impact Of Robotic Milking Systems: The Case Of The Rocky Mountain Region, Garret Nelson May 2020

The Impact Of Robotic Milking Systems: The Case Of The Rocky Mountain Region, Garret Nelson

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The increasing adoption of automatic milking systems (AMS) in the U.S. has caused interest in determining if they are truly beneficial to the farmers who install them. The focus in this study is to identify the monetary value of AMS for dairies in the Rocky Mountain region and the estimated value of the non-monetary benefits. Using a mixed methods approach to create a survey; information was gathered from farmers in the Rocky Mountain region who are using AMS. The results reveal that monetary benefits from production and labor savings are lacking in themselves to provide positive net present values (NPVs) …


Grain Marketing 2020: Survival And Covid-19, Robert Tigner, Jessica J. Groskopf Apr 2020

Grain Marketing 2020: Survival And Covid-19, Robert Tigner, Jessica J. Groskopf

Extension Farm and Ranch Management News

First paragraph:

Let’s state the obvious: this isn’t a typical year and we all know it. For farmers, it is a survival year. Why? And what might be done to make it through to the other side of the COVID-19 pandemic? This article will discuss how to build a marketing strategy to assure that the farm continues to the next crop year.

Conclusion

This year is shaping up to be a survival year for crop producers. Crop producers need to know at what crop price they will recapture all of the cash they will spend this year. Implementing a marketing …


Has Covid-19 Impacted Price-Weight Relationships And Value Of Gain?, Elliott James Dennis Apr 2020

Has Covid-19 Impacted Price-Weight Relationships And Value Of Gain?, Elliott James Dennis

Extension Farm and Ranch Management News

First paragraph:

In the beginning of COVID-19, much of the attention was focused on managing the redirection of meat product from food service to retail stores. This past month has keenly focused on packing plant closures due to COVID-19 cases among workers and how to manage the supply of fat cattle already ready for slaughter. Fat cattle available for slaughter either cannot get bids or bids are significantly below breakeven prices leaving feedlots with decisions to be made about marketing and placements. The April 2020 Cattle on Feed report (https://usda.library.cornell.edu/concern/publications/m326m174z) revealed March placement decisions. Placements were down about …


Live Cattle Basis Due To Covid-19: Deviations And Convergence, Elliott James Dennis Apr 2020

Live Cattle Basis Due To Covid-19: Deviations And Convergence, Elliott James Dennis

Extension Farm and Ranch Management News

A Fundamental Review on Basis

Basis is defined as the cash minus futures. Cash market reflects today's supply conditions and price. Futures market reflects upcoming supply and demand conditions. If it is anticipated that there will be a period of increasing supplies, futures prices will decline to reflect that information. Likewise, periods of time with expected decreasing supplies, future prices are expected to increase.

Since cash and futures prices can move simultaneously, basis will fluctuate through time. In periods where basis becomes more positive (i.e. basis is said to be strengthening/narrowing) it implies that cash prices are increasing more relative …


Pre Covid-19 Market Conditions Persist & The Stocker Industry Can Dampen The Damage, Elliott James Dennis Apr 2020

Pre Covid-19 Market Conditions Persist & The Stocker Industry Can Dampen The Damage, Elliott James Dennis

Extension Farm and Ranch Management News

First paragraph:

The effects of COVID-19 on the livestock market are well known and felt. Some effects include depressed futures and cash prices, unusual basis patterns, decreased packer bids and sale barn volume, packing plant closures, consumer hording of meat products, and shifting food service products for retail consumption. All these effects occurred as market participants grappled with everchanging government and industry policy which reduced consumer demand and resulted in bottlenecks and increasing supply gluts upstream. Simultaneously reducing demand and increasing supply always cause prices to plummet, and in the case of COVID-19 very rapidly. Some segments of the market …


Assumptions (Mistakes) That Parents Make With Estate Plans, Allan Vyhnalek Apr 2020

Assumptions (Mistakes) That Parents Make With Estate Plans, Allan Vyhnalek

Extension Farm and Ranch Management News

Excerpt:

The main take-home message should be that the parents: 1) have a plan and continue to revise that plan from time to time and 2) be sure to think through the unintended consequences of your plan. Hopefully, some of the common assumptions mentioned here can be put into place so that the family does stay together for decades to come.

This is not an exhaustive list of assumptions that can go awry. It is being presented as a place for family thought and discussion to start. For more information go to: http://agecon.unl.edu/succession. There are other articles and video …


Cares Act 2020: Unemployment Insurance And Farmer/Ranchers, Robert Tigner Apr 2020

Cares Act 2020: Unemployment Insurance And Farmer/Ranchers, Robert Tigner

Extension Farm and Ranch Management News

First paragraph:

Generally, unemployment insurance across the country is managed by state government. Each has different rules, with oversight by the US Department of Labor. The Coronavirus Aid, Relief, and Economic Security Act (CARES) Act made changes to the unemployment coverage for workers and appropriated funds for the changes. The act tasked the Labor Department with writing rules for the changes and it has issued an Unemployment Insurance Letter — UL No. 16-20 — that begins the rulemaking process. This guidance will then be used by Nebraska to implement the CARES Act. This article reviews what is known now with …


Size And Scope Of Carbon County Agriculture 2019, Ryan Feuz, Ryan Larsen, Steven Price Apr 2020

Size And Scope Of Carbon County Agriculture 2019, Ryan Feuz, Ryan Larsen, Steven Price

All Current Publications

Carbon County is located south of Duchesne and Wasatch counties in east-central Utah. Along with Emery County to the south, it is often referred to as Utah’s Castle Country. The county became industrialized very early after statehood with the arrival of the railroads and discovery of many coal beds for which the county is named. It is also a large producer of natural gas within the state. Its primary economic base today comes from regional services, retail, tourism, recreation and resource extraction. As of 2017, the population was estimated at 20,295. Price is the largest city and county seat. This …