Business Commons^™

Will Saf Turbocharge The Corn Ethanol Market?, Richard Perrin, Lilyan Fulginiti, Felipe Miranda De Souza Almeida

Cornhusker Economics

The long-run outlook for the corn ethanol industry is questionable, due to a transition to electric and hybrid vehicles. One source of hope for the long run is the potential demand for producing Sustainable Aviation Fuel (SAF). SAF is a key component in the United States Aviation Climate Action Plan, a path to net-zero greenhouse gas (GHG) emissions in the aviation industry by 2050. Demand for ethanol for SAF offers hope to the ethanol industry, but it depends a great deal on policy decisions that are being made now. Here we sketch out this story.

Based on the information available …

Crop-Livestock Diversification And Efficiency In Agriculture, Jay Parsons, Maroua Afi

Cornhusker Economics

Diversification is a familiar strategy for managing risk in agriculture. It can take several forms including growing more than one crop or operating a farm with both crop and livestock enterprises. As with other strategies for managing risk, diversification comes with a unique set of costs. Managing a farm with multiple enterprises creates additional overhead as well as additional demands on management, labor, land, capital, and other resources. Diversification adds complexity to an operation and too much complexity can lead to inefficiencies.

Corn Grain Marketing Strategy Unbiasing For 2023, Matt Stockton, Shannon Sand

Cornhusker Economics

Discusses cognitive biasing errors that may be employed--in the context of corn market strategizing--such as the Dunning-Krueger effect, availability or distancing bias, gambler's fallacy, and anchoring bias.

Deficit Irrigation Management For Irrigated Corn In Nebraska: Economically Viable?, Lia Nogueira, Cory Walters, Emily O'Donnell, Wesley Peterson, Suat Irmak

Cornhusker Economics

In this study we determine the economic value of deficit irrigation management using both technological and methodological advancements. The use of soil moisture probes represents the technological improvement. We provide improvements in the methodology as follows. Regarding data, we employ a field-size study, instead of plots, where the irrigation decision is determined by the moisture level in the soil measured through a soil moisture probe. Regarding the understanding of the yield response to water, although we examine the commonly used quadratic function, we improve upon this specification by also examining an alternative response function, the linear response stochastic plateau. Our …

2023 Nebraska Crop Production Budgets Higher Costs And Risks, Glennis Mcmclure

Cornhusker Economics

The Nebraska crop budgets are available for the 2023 production season. The 84 budgets indicate cost of production increases. Estimated average economic or total costs per bushel for 2023 corn production are expected to be at least 23% to 25% greater than last year. Soybeans are estimated to be 13% to 19% more in economic costs per bushel, with wheat production costs having jumped over 20% compared to last year and running as high as 63% higher over the last two years combined. Cost scenarios for individual producers can vary based on their timing of input purchases and price variabilities.

Hedging Your Average Crop Price Using Seasonals, Cory Walters, Richard K. Preston

Cornhusker Economics

In this article, we connect what the industry says and what producers say to improve the disconnect and the decision-making environment associated with hedging. We accomplish this by inspecting the distribution of producer prices with and without hedging in the fall as the distribution contains both yearly outcomes (producer concern) as well as the average outcome (another point of view). Computer models are used to lift the mystery surrounding the role of hedging. Computer models help understand complex processes, allowing for a better decision environment, leading to improved financial standing and stability. Our model reproduces the risk profile that individual …

Role Of Social Network On Technology Adoption: Application To Nebraska Producers In The Face Of Undesirable Vegetation Transitions, Sabrina Gulab, Holly K. Nesbitt, Simanti Banerjee, Theresa Floyd

Cornhusker Economics

Conclusion

Producers need to have access to information regarding new conservation practices and technologies to ensure land management in the face of ecological threats in general and vegetation transitions (VTs) in the context of our study. This study investigates the role of an individual producer's social network on the willingness to seek information about technologies and management practices and the likelihood of new technology adoption with special attention to risk attitudes and producer spillover effects. Our results provide evidence that network composition and information obtained through a producer's social network don't influence an individual's willingness to seek information about new …

Historical Corn Price Evolution Implications For Pre-Harvest Hedging, Cory Walters, Richard K. Preston

Cornhusker Economics

Commodity markets evolve through information provided by participating buyers and sellers and throughout this process the conditions in which commodity markets work are revealed. Producer pre-harvest commodity marketing can be further developed by incorporating information on how commodity markets work, leading to better farm financial performance.

We investigate how commodity markets have historically evolved from spring to fall. While changes in future prices appear random in any given year, observing average daily prices over 32 years could uncover a seasonal tendency. In the past 32 years, the average daily price tends to be higher in the spring than the fall, …

The Storm In World Fertilizer Markets Continues, John C. Beghin

Cornhusker Economics

This article updates the recent article on world fertilizer markets by Beghin and Nogueira (2021), which noted the perfect storm affecting global fertilizer markets through high demand, droughts affecting fertilizer supply, high fossil energy prices, COVID 19-related supply-chain disruptions, and trade policies, all conspiring to elevate fertilizer nominal prices to levels not seen since 2008. In the last 10 months, the Ukraine-Russia war and associated trade sanctions have exacerbated the disruptions in fossil energy, grain, vegetable oil, and fertilizer markets already present in 2021. On the more hopeful side, some United States trade policy developments will help reduce US fertilizer …

Assessment Of Grain Safety In Developing Nations, Jose R. Mendoza

Department of Food Science and Technology: Dissertations, Theses, and Student Research

Grains are the most widely consumed foods worldwide, with maize (Zea mays) being frequently consumed in developing countries where it feeds approximately 900 million people under the poverty line of 2 USD per day. While grain handling practices are acceptable in most developed nations, many developing nations still face challenges such as inadequate field management, drying, and storage. Faulty grain handling along with unavoidably humid climates result in recurrent fungal growth and spoilage, which compromises both the end-quality and safety of the harvest. This becomes particularly problematic where there is little awareness about health risks associated with poor …

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.

Improving The Distribution And Use Of Biogas By Conversion To Methanol, Zachary Christman

Department of Agronomy and Horticulture: Dissertations, Theses, and Student Research

In this technology review, the process of turning an average biogas into methanol will be presented. The purpose is to find a better method of transporting the energy contained within biogas so that it may be used in industry as a value added product. The first step is removal of hydrogen sulfide, a corrosive chemical that can breakdown mechanical parts. The second step is carbon capture and conversion of the biogas into hydrogen. The final step is the hydrogenation of carbon dioxide into methanol using a copper catalyst and an alcohol co-catalyst.

Modeling Effects Of Ecological Factors On Evolution Of Polygenic Pesticide Resistance, C. V. Haridas, Brigitte Tenhumberg

School of Biological Sciences: Faculty Publications

Widespread use of pesticides has resulted in the evolution of resistance in many insect pests worldwide, limiting their use in pest control. Effective pest and resistance management practices require understanding of the genetics of resistance and the life history of the pest. Most models for pesticide resistance assume that resistance is monogenic, conferred by a single gene. However, resistance could evolve as a polygenic quantitative trait resulting from the action of several genes, especially when pesticide dose is low. Further, fitness of the pest could be density dependent and might depend upon abiotic factors such as temperature. It is not …

Quantitative Appraisal Of Non-Irrigated Cropland In South Dakota, Shelby Riggs

Honors Theses

This appraisal attempts to remove subjectivity from the appraisal process and replace it with quantitative analysis of known data to generate a fair market value of the subject property. Two methods of appraisal were used, the income approach and the comparable sales approach. For the income approach, I used the average cash rent for the region, the current property taxes for the subject property, and a capitalization rate based on Stokes' (2018) capitalization rate formula to arrive at my income-based valuation. For the comparable sales approach, I utilized Stokes' (2018) research in optimization modeling to estimate a market value for …

The Use Of Grape By-Products As A Nutrient Rich Cattle Feed, Zachary Christman

Department of Agronomy and Horticulture: Dissertations, Theses, and Student Research

In this article you will learn about how to use the grape stems, skins and pulp that are generated by the wine industry. Ruminant animals such as cattle can digest this inexpensive yet nutrient rich material. The complete process from wine press to cattle feed is covered in this article. The historical background of using grape by-products and methods to preserve this food source is also presented.

Food Webs And Food Sovereignty: Research Agenda For Sustainability, Charles A. Francis, Michelle Miller, Molly Anderson, Nancy Creamer, Michelle Wander, Jacob Park, Thomas Green, Brent Mccown

Department of Agronomy and Horticulture: Faculty Publications

Future food production will be constrained by the scarcity of fossil fuel and fresh water as well as increasing intensity and unpredictability of weather events and climate changes. The assurance of food security and equity for many consumers is complicated by concentration of ownership of land and other production resources, as well as a global corporate food systems model that is driven by profit at the expense of people and the environment. To assess potential alternatives to the contemporary global food chain, well focused research is needed on local food production and food webs where small- and midscale family farms …

Intensive Production Of Millet And Sorghum For Evolving Markets In The Sahel, John H. Sanders, Botorou Ouendeba

INTSORMIL Scientific Publications

One principal constraint to improving the performance of millet and sorghum systems is overcoming the conventional wisdom. The conventional wisdom has some or all of these characteristics depending upon where you hear it. “Sorghum and millet are subsistence crops.” “They do not respond to fertilization.” “Even if they do respond to fertilizer, it is not profitable.” “Farmers will not use fertilization on these crops even if there were agronomic and economic responses.” “Banks will not lend to farmers for sorghum and millet fertilization.”

Invasive Species And E-Commerce, Invasive Species Advisory Committee

National Invasive Species Council

ISSUE

Internet commerce (hereafter e-commerce) is a growing and vital part of the United States economy. Total e-commerce sales in the United States for 2011 totaled $194 billion, an increase of 16% over 2010. From 2002 to 2011, the proportion of reported e-commerce sales in the U. S. grew from about 1.4% to 5.5% of total retail sales (United States Census Bureau News 2012). Globally, e-commerce is expected to increase at a rate of 13.5% annually, amounting to $1.4 trillion in yearly sales by 2015 (Enright 2011). A portion of this activity includes the sale and trade of living organisms. …

Saŋɔ Baara Cogo N´A Feere Cogo Gafe: Mogo Minuwye Gafe Dilan Oye = Fiche De Production Et De Commercialisation Du Mil = Production And Marketing Of Millet, Botorou Ouendeba, Niaba Teme

USAID Mali Mission Awards

U.S. government publication about millet production and sales in West Africa. In the Bambara language.

Fiche De Production Et De Commercialisation Du Mil = Production And Marketing Of Millet, Botorou Ouendeba, Niaba Teme

USAID Mali Mission Awards

U.S. government publication about production and sales of millet in West Africa. In French.

Fiche De Production Et De Commercialisation Du Sorgho, Mali = Production And Marketing Of Sorghum, Mali, Botorou Ouendeba

USAID Mali Mission Awards

U.S. government publication about production and sales of sorghum in West Africa. In French.

Ŋɔsibɔ N´A Feere Cɔgɔ = Fiche De Production Et De Commercialisation Du Sorgho, Mali = Production And Marketing Of Sorghum, Mali, Botorou Ouendeba

USAID Mali Mission Awards

U.S. government publication about production and sales of sorghum in West Africa.

Eagle Lager: A Sorghum Success Story On Many Levels, Ian Mackintosh

INTSORMIL Presentations

In 1999 in Uganda we were faced with a static but highly competitive market.

Needed to grow our market and to do this we needed to make beer cheaper

It was felt that a suitable local ingredient would reduce the cost of manufacture and stimulate local agriculture and the economy as well as provide opportunities for growth and profit for the company.

An extensive base line study of the Ugandan agricultural sector was undertaken to determine what was “out there.”

It was clear that there was enormous potential but little else.

Sorghum seemed the logical starting point because there was …

Virtues Of Sorghum: Utilization And Supply Chain Management, Lloyd W. Rooney

INTSORMIL Presentations

Discusses the consumer demands, value-added supply chain, strategy for value-added products, functionality of sorghums and millets, sorghum food use in Central America, plant breeding and improvement of grain quality, sorghum image, special sorghums as a particularly healthy food item, food utilization, improving sorghum quality, effect of molds, insects, and weathering on grain quality, and mycotoxins.

Food Entrepreneurship Curricula, Joseph J. Mpagalile, Wenceslaus R. Ballegu, Jeremia Makindara

INTSORMIL Presentations

SUA Food Entrepreneurship Program Mission Statement: To educate and assist entrepreneurs in developing their sorghum based food manufacturing business. Covers ideas generation, market research, business development, regulations, food safety, brand development, sales and distribution, and with a focus on product development.

Developing Entrepreneurship, The Tanzania Experience: Sua-Intsormil Project, Joseph J. Mpagalile, Wenceslaus R. Ballegu

INTSORMIL Presentations

Project Title: Building a Sustainable Infrastructure for Product Development and Food Entrepreneur/Industry Technical Support: A Strategy to Promote Increased Use of Sorghum and Millet in East Africa.

Long Term Program Objectives: Development of successful entrepreneurial businesses that add-value to sorghum and millet such that:

~Farmers have an established outlet for cash sales of high-quality sorghum and millet

~Small businesses or cooperatives develop processing capabilities enabling the incorporation of sorghum and millet into a wide variety of food products

~Markets and market channels for sorghum and millet-based products develop.

Further develop research, extension and marketing expertise of National Agricultural Research Institutes …

Economic Analysis Of Small Scale Sorghum Processing In Dar Es Salaam, Tanzania, Jeremia Makindara, Joseph J. Mpagalile, Wenceslaus Ballegu

INTSORMIL Presentations

Due to small scale food processing initiatives, several entrepreneurs dealing in small scale sorghum processing have emerged in Tanzania and especially in urban centers such as Dar es Salaam. The recent initiative that has contributed to this is the SUA-INTSORMIL Project that started in 2005. However, despite such initiatives being received by many entrepreneurs, very few economic studies have been conducted to assess the benefits obtained by sorghum processing entrepreneurs and the challenges they face are not well explained. This study therefore assessed costs and benefits obtained by small scale sorghum processing entrepreneurs in Dar es Salaam and the challenges …

Sorghum And Pearl Millet Seed Value Chains In Zambia: Opportunities And Challenges For Smallholder Farmers, Priscilla Hamukwala

INTSORMIL Presentations

Sorghum and pearl millet rank second and third, respectively, as important staple cereals after maize.

-There are new market developments in the beer industry requiring farmers to increase productivity and production

-These markets can significantly affect access to improved seed, and thus increase decisions on utilization

-Even though market developments indicate great potential for the two crops, their supply has remained erratic

-There was need therefore to identify the constraining factors to steady supply of sorghum & millet grain through conducting a seed value chain

-Little is known about the existing seed acquisition channels, extent of utilization, how they function …

Zamace: Zambia Agricultural Commodities Exchange, Brian Tembo

INTSORMIL Presentations

Discusses what ZAMACE is, the services it offers including commodities trading, ZAMACE and the smallholder farmer, partnerships, and challenges including dispute resolution.

Sorghum & Pearl Millet In Zambia: Production Guide, [2006], Kimberley Christiansen

INTSORMIL Scientific Publications

U.S. government publication about sorghum and pearl millet production and sales in Zambia.