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Articles 1 - 9 of 9
Full-Text Articles in Social and Behavioral Sciences
Understanding The Economic Factors Influencing Farm Policy Preferences, Keith H. Coble, Thomas O. Knight, George F. Patrick, Alan E. Baquet
Understanding The Economic Factors Influencing Farm Policy Preferences, Keith H. Coble, Thomas O. Knight, George F. Patrick, Alan E. Baquet
Department of Agricultural Economics: Faculty Publications
A survey conducted in Mississippi, Texas, Indiana, and Nebraska elicited producers’ preferences for various farm policy changes. This permitted examination of the diversity of preferences that single-state studies have not allowed. Five policy choices, including deficiency payments, loan programs, crop insurance, export programs, and disaster payments were examined. Logit model results predicting producer preferences for each of the five dichotomous policy choices are reported. Explanatory variables based on expected utility theory such as risk aversion, price and yield variability, and price–yield correlation are significant in various models.
Farm Income Variability And The Supply Of Off-Farm Labor By Limited-Resource Farmers, Oscar Vergara, Keith H. Coble, George F. Patrick, Thomas O. Knight, Alan Baquet
Farm Income Variability And The Supply Of Off-Farm Labor By Limited-Resource Farmers, Oscar Vergara, Keith H. Coble, George F. Patrick, Thomas O. Knight, Alan Baquet
Department of Agricultural Economics: Faculty Publications
We study the relationship between the off-farm labor decision and the limited-resource farmers' and spouses' off-farm wages, experience, education, and sources of income. We found that farmers' and spouses' off-farm experience and wages are significant factors in explaining the off-farm labor supply decision. Contrary to expectations, farm income variability is not significant in the farmers' and spouses' decision to seek off-farm work. The off-farm labor supply of farmers and their spouses is negatively correlated with income transfers from the government. It was also found that the spouse is a residual supplier of on-farm and off-farm labor.
Nebraska Feedyard Labor Cost Benchmarks And Historical Trends, Rik R. Smith, Darrell R. Mark
Nebraska Feedyard Labor Cost Benchmarks And Historical Trends, Rik R. Smith, Darrell R. Mark
Department of Agricultural Economics: Faculty Publications
Cattle feedyards in Nebraska were surveyed in April 2004 to determine costs of labor for various production and administrative employees. Fifty-nine feedyards, with an average size of 9,473 head, provided levels of salaries, benefits and bonuses paid to their employees, and the number of employees in several job-function categories. Results of the survey indicate that the average total compensation (salary, benefits, and bonuses) for feedyard managers was more than $66,000 per year, but it varied substantially by feedyard size. Total compensation to other supervisor categories of labor, including assistant manager, yard foreman, mill foreman, and maintenance foreman, averaged in the …
Institutions And Agricultural Productivity In Sub-Saharan Africa, Lilyan E. Fulginiti, Richard K. Perrin, Yu Bingxin
Institutions And Agricultural Productivity In Sub-Saharan Africa, Lilyan E. Fulginiti, Richard K. Perrin, Yu Bingxin
Department of Agricultural Economics: Faculty Publications
Agricultural productivity in 41 Sub-Saharan Africa (SSA) countries from 1960 to 1999 is examined by estimating a semi-nonparametric Fourier production frontier. Over the four decades the estimated rate of productivity change was 0.83% per year, although the average rate from 1985-99 was a strong 1.90% per year. Former UK colonies exhibited significantly higher productivity gains than others, while Liberia and countries that had been colonies of Portugal or Belgium exhibited net reductions in productivity. We measure a significant reduction in productivity during political conflicts and wars, and a significant increase in productivity among those countries with higher levels of political …
Case Study: To Replace Or Not To Replace: Determining Optimal Replacement Rates In Beef Cattle Operations, W. S. Mackay, J. C. Whittier, T. G. Field, W. J. Umberger, R. B. Teichert, D. M. Feuz
Case Study: To Replace Or Not To Replace: Determining Optimal Replacement Rates In Beef Cattle Operations, W. S. Mackay, J. C. Whittier, T. G. Field, W. J. Umberger, R. B. Teichert, D. M. Feuz
Department of Agricultural Economics: Faculty Publications
Data from a Nebraska cattle ranch were used to compare three female replacement strategies to determine optimal replacement and marketing strategies of females for maximizing the long-term profit potential of that operation. The income statement model (ISM) maximized 10-yr net income by altering the number of females marketed from different age categories depending on price changes influenced by the cattle cycle. The net present value (NPV) model maximized 5-yr herd NPV by adjusting the number of marketed females. The NPV vs the net market value (NMV) model maximized the 5-yr difference between herd NPV …
The Western Common Law Of Tributary Groundwater: Implications For Nebraska, J. David Aiken
The Western Common Law Of Tributary Groundwater: Implications For Nebraska, J. David Aiken
Department of Agricultural Economics: Faculty Publications
This 2004 Nebraska Law Review article reviews the historical development of the tributary ground water doctrine under English and American common law, and its judicial reception in the western United States, and analyzes its suitability for adoption by the Nebraska Supreme Court.
Effects Of Replacement Rate On Cow Herd Budget, Darrell R. Mark, Richard J. Rasby
Effects Of Replacement Rate On Cow Herd Budget, Darrell R. Mark, Richard J. Rasby
Department of Agricultural Economics: Faculty Publications
Cattle inventory numbers and cow herd size vary cyclically over time. Historically, cattle cycles have lasted about 10 years. However, the most recent cycle is in its 15th year (1990 to 2004) as a result of an eight-year period of liquidation caused by multi-year drought in many western states. In 2004 and 2005, many cow-calf producers will likely begin to rebuild their cow herd in response to improved profit projections and drought relief. Purchasing bred heifers or young cows will be an option for some producers; others will likely choose to retain additional females from within their own herd. While …
Captive Supplies And Cash Market Prices For Fed Cattle: The Role Of Delivery Timing Incentives, John R. Schroeter, Azzeddine Azzam
Captive Supplies And Cash Market Prices For Fed Cattle: The Role Of Delivery Timing Incentives, John R. Schroeter, Azzeddine Azzam
Department of Agricultural Economics: Faculty Publications
The use of non-cash methods of procuring fed cattle for slaughter has led to concern about the effect of these so-called “captive” supplies on cash market prices. Some empirical evidence suggests that there is a negative short-run relationship between the two: Cash market prices tend to be low in weeks in which captive supply shipments are high. We advance a different perspective on the relationship between captive deliveries and cash prices, arguing that the incentives that influence cattle delivery-scheduling decisions could lead to a negative relationship, not between the contemporaneous levels of captive shipments and price, but between the volume …
Cotton Producers’ Choice Of Marketing Techniques, Oscar Vergara, Keith H. Coble, Thomas O. Knight, George F. Patrick, Alan Baquet
Cotton Producers’ Choice Of Marketing Techniques, Oscar Vergara, Keith H. Coble, Thomas O. Knight, George F. Patrick, Alan Baquet
Department of Agricultural Economics: Faculty Publications
A survey of cotton producers was conducted in Mississippi and Texas. The econometric model consists of a multinomial logit model of cotton producers’ choice of marketing techniques. The results indicate that cotton acres positively influence pooling and negatively influence cash sales. Producers willing to incur higher transaction costs in market information systems and training tend to choose futures/options contracts and forward pricing. It was found that risk-averse producers tend not to choose pooling contracts. On the other hand, producers who seek abnormal gains through speculation tend to choose pooling contracts. Finally, producers who perceive markets as being price-efficient prefer cash …