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Agricultural and Resource Economics

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1984

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Full-Text Articles in Social and Behavioral Sciences

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1984, Central Bank Of Nigeria Dec 1984

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1984, Central Bank Of Nigeria

CBN Annual Report

CBN annual report and statement of accounts for 1984 covers economic performance including key economic indicators such as inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates for 1984. It also examines future economic outlook. In 1984, the index of industrial production fell by 10.2 per cent significantly due to the poor performance of the manufacturing sector whose index of production fell by 18.2 per cent. In respect of domestic prices, the supply-side factors were dominant in exerting upward pressures on prices. There were acute shortages in consumer goods and …

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Opportunities For Farm Firm Growth, Donald C. Taylor Dec 1984

Opportunities For Farm Firm Growth, Donald C. Taylor

Economics Commentator

No abstract provided.

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The Influence Of Technological Change On Grain Elevator Pricing Efficiency, Brian Schmiesing, Steven Blank, Steven Gunn Dec 1984

The Influence Of Technological Change On Grain Elevator Pricing Efficiency, Brian Schmiesing, Steven Blank, Steven Gunn

Economics Staff Paper Series

The introduction of unit train technology is found to increase the pricing efficiency of a case study elevator. Daily prices are found to be more correlated with destination market prices and nearby futures contract prices after the subterminal was introduced. The increased ability to physically arbitrage between markets integrated the elevator into the regional and national grain market. The subterminal technology altered the price behavior of the elevator beyond simply changing the level of prices received by producers.

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A Light Transmission Model For Biological Materials, R. A. Cavaletto, Shrinivasa Upadhyaya, Michael O'Brien Dec 1984

A Light Transmission Model For Biological Materials, R. A. Cavaletto, Shrinivasa Upadhyaya, Michael O'Brien

BioResource and Agricultural Engineering

This paper describes a model to predict light transmission in biological materials. The model can be used for any shaped sample. Scattering and absorption coefficients are used in the model and may be varied throughout the sample, thus allowing both uniformly distributed and concentrated defects to be modelled.

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Guarding Of Table Saws With Light Beams: The Light Guard Concept, R. A. Cavaletto, M. S. Kaminaka, C. M. Zahner Dec 1984

Guarding Of Table Saws With Light Beams: The Light Guard Concept, R. A. Cavaletto, M. S. Kaminaka, C. M. Zahner

BioResource and Agricultural Engineering

This paper describes a unique type of psychological safety guard for hazardous tools such as table saws, presses. and other tools with areas and components which are dangerous to human fingers, hands, and limbs. It is not a piece of hardware but rather a shalt of light which defines a danger zone around the saw blade or cutting area.

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Comparing Faculty And Alumni Expectations Of Future Agricultural Economics Curriculum Content, Steven Blank Dec 1984

Comparing Faculty And Alumni Expectations Of Future Agricultural Economics Curriculum Content, Steven Blank

Economics Staff Paper Series

This paper assesses both faculty and alumni expectations of future agricultural economics programs by reviewing the results of two surveys, one completed by each group. In general, faculty and alumni agree about the areas of greatest curriculum and/or resource need, but there are some differences. In the future, departments will continue to be challenged to balance their curriculum between what students want (agribusiness) and what they need (basic education).

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Developments In The International Commodity Markets During The Fourth Quarter Of 1984, Central Bank Of Nigeria Cbn Dec 1984

Developments In The International Commodity Markets During The Fourth Quarter Of 1984, Central Bank Of Nigeria Cbn

Economic and Financial Review

A low tempo of activities characterised the international Commodity markets during the fourth quarter of 1984. The marginal movements in the price levels of most commodities were however accentuated by currency exchange rate fluctuations. The all-commodities price index rose by 5.0 and 0.3 per cent over its respective levels in the preceding quarter and the corresponding quarter of 1983. The price increase was reflected in all but three of the selected commodities. The highest price increases occurred in coffee (26. 7%), cocoa (6 .3%) palm oil (6%) and cotton (5 .8%). Of the three commodities whose price fell , two, …

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Speculation Of Cash Grain Inventories: Is There An Alternative?, Brian H. Schmiesing Nov 1984

Speculation Of Cash Grain Inventories: Is There An Alternative?, Brian H. Schmiesing

Economics Commentator

No abstract provided.

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Accounts Receivable Management At Local Cooperatives: A Review Of Actual Practices And Strategies For Improvement, Brian Schmiesing, Julie Bleyhl Nov 1984

Accounts Receivable Management At Local Cooperatives: A Review Of Actual Practices And Strategies For Improvement, Brian Schmiesing, Julie Bleyhl

Economics Staff Paper Series

Accounts receivable represent a major operating expense for local cooperatives. For example, the average local Minnesota cooperative affiliated with a major regional cooperative in 1983 had 35 percent of their total current assets being accounts receivable and credit costs associated with accounts receivable represented 2.5 percent of the credit sales revenue. In contrast, local net savings were only 1.2 percent of sales. Effective accounts receivable management is particularly important in a period of financial stress in agriculture, high interest rates on borrowed capital and narrow local cooperative margins. This paper will review the actual accounts receivable management practices of local …

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Policy Interdependence, Causality And Supply Response In World Markets: The Case Of U.S. And Australian Tobacco, Steven Blank Nov 1984

Policy Interdependence, Causality And Supply Response In World Markets: The Case Of U.S. And Australian Tobacco, Steven Blank

Economics Staff Paper Series

The economic impact of international policy interdependence is illustrated using the world tobacco market as an example. The price discovery process is assessed using U.S. and Australian data. It appears that world tobacco prices are set through an oligopolistic rule-of-thumb pricing system with the U.S. being the tacit price leader. As a result, there has been a causal relationship between U.S. and Australian tobacco prices . However, no direct supply response to U.S. prices was observed in Australian markets.

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B804: The Growth And Change Of High Technology Industries In The State Of Maine: Implications For State And Local Development Policy, Dennis A. Watkins, Thomas G. Allen Nov 1984

B804: The Growth And Change Of High Technology Industries In The State Of Maine: Implications For State And Local Development Policy, Dennis A. Watkins, Thomas G. Allen

Bulletins

To shed light on Maine’s high-tech industries, employment and production data were gathered for 11O firms including 20 three-digit SIC (Standard Industrial Classification) categories. The time periods covered were 1970, 1976, and 1981. This data base was provided by the Bureau of Employment Security and the Bureau of Labor Standards of the Maine Department of Labor. The research was guided by the following questions: How are firms distributed among specific high technology industries and has this distribution changed over time? What is the geographic distribution of high technology firms within the state and how is this distribution changing? How dynamic …

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The Impact Of Government Intervention In The Australian Dairy Industry, Steven Blank Oct 1984

The Impact Of Government Intervention In The Australian Dairy Industry, Steven Blank

Economics Staff Paper Series

This study assesses the economic impact of existing Australian dairy pricing policies on resource allocation and income distribution among participants in dairy markets. Australia is used as an example because it recently became the first major producing country to decide to eliminate federal intervention in the dairy price discovery process. Results indicate that significant costs and transfers can be attributed to the influence of government intervention. Also, evidence of policy bias favoring producers over consumers is found.

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Agriculture's Capacity To Feed A Hungry World, Thomas L. Dobbs Oct 1984

Agriculture's Capacity To Feed A Hungry World, Thomas L. Dobbs

Economics Commentator

No abstract provided.

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Irrigation And Society In Rural Egypt, Sohair Mehanna, Richard Huntington, Rachad Antonius Oct 1984

Irrigation And Society In Rural Egypt, Sohair Mehanna, Richard Huntington, Rachad Antonius

Faculty Books

No abstract provided.

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Price Dependence And Futures Price Theory, Steven Blank Oct 1984

Price Dependence And Futures Price Theory, Steven Blank

Economics Staff Paper Series

A new interpretation of commodity futures price theory is evaluated because, currently, many products exhibit price behavior which cannot be explained with existing theory. A method for classifying products according to the particular price theory relevant to them is provided. The classification method uses the futures price dependence enforced by arbitrage opportunities in spot markets as its base. The futures markets for beef cattle and corn are used as examples.

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Recent Trends In South Dakota's Farmland Market, Larry Janssen Sep 1984

Recent Trends In South Dakota's Farmland Market, Larry Janssen

Economics Commentator

No abstract provided.

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Method For Stemming Tomatoes, Henry F. Studer, R. A. Cavaletto, Gene Giacomelli Sep 1984

Method For Stemming Tomatoes, Henry F. Studer, R. A. Cavaletto, Gene Giacomelli

BioResource and Agricultural Engineering

Method and apparatus for de-stemming picked tomatoes. Each tomato is introduced into the upper end of a generally vertically disposed, open-ended, resilient, open-mesh fabric tube, a substantial portion of which approximates but is larger than the diameter of the tomato. The stem penetrates into and through the open mesh at some point, the open areas being somewhat larger than the stem, while the tomato continues to fall, thereby exerting a bending moment on the stem that snaps the stem from the fruit. The tomato, free from its stem, is discharged from a lower end of the tube.

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Determining An Effective Teaching/Research Composition For Agricultural Economics Faculty Positions, Steven Blank Sep 1984

Determining An Effective Teaching/Research Composition For Agricultural Economics Faculty Positions, Steven Blank

Economics Staff Paper Series

Making more efficient use of resources in agricultural economics departments is an important challenge of this period of budget stress (Stanton and Farrell). Beattie noted that during such periods “. . . something must be done to relieve the pressure lest our universities be forced to reduce the quantity and/or quality of their output" (p. 209). In suggesting a direction for necessary action, Beattie used an analogy from the theory of the firm to argue for a strategy of "revenue maximization" on the part of agricultural economics departments. To achieve an efficient resource allocation "a university department, like a multi-product …

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Role-Playing, Case Studies And Simulation Games As Teaching Aids In Applied Economics Courses, Steven Blank Sep 1984

Role-Playing, Case Studies And Simulation Games As Teaching Aids In Applied Economics Courses, Steven Blank

Economics Staff Paper Series

This paper assesses the impact of introducing role-playing, case studies and simulation games into undergraduate courses in applied economics. An educational impact model is used in a qualitative evaluation of the teaching aids and to generate hypotheses. Quantitative results of two experiments are used to test the hypotheses. Results indicate that each aid can improve students' performance when used in appropriate situations. However, there is a definite trade-off between student contact time requirements and the effect of these aids.

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Farm Policy Decisions--What Do South Dakota Farmers Think?, Larry Janssen, Mark Edelman Aug 1984

Farm Policy Decisions--What Do South Dakota Farmers Think?, Larry Janssen, Mark Edelman

Economics Commentator

No abstract provided.

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Farm Policy Decisions--What Do South Dakota Farmers Think?, Larry Janssen, Mark Edelman Jul 1984

Farm Policy Decisions--What Do South Dakota Farmers Think?, Larry Janssen, Mark Edelman

Economics Commentator

No abstract provided.

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Nebraska Farm Real Estate Market Developments In 1983-84, Bruce B. Johnson, Ronald J. Hanson Jul 1984

Nebraska Farm Real Estate Market Developments In 1983-84, Bruce B. Johnson, Ronald J. Hanson

Nebraska Farm Real Estate Reports

Farm real estate values across Nebraska continued to decline even further during 1983 and into 1984. Nebraska farmland values have now trended downward for more than three and one-half consecutive years. For the year ending February 1, 1984, farmland values decreased more than 8 percent. Moreover, a special mid-year survey for 1984 indicates that the average land values have declined another 8 percent since February 1. Continued financial problems in the farming sector have forced many owners to put their land on the market. Coupled with little demand among potential buyers, this increased number of land tracts offered for sale …

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Agricultural Credit: Turmoil And Possible Alternatives, Brian H. Schmiesing Jun 1984

Agricultural Credit: Turmoil And Possible Alternatives, Brian H. Schmiesing

Economics Commentator

No abstract provided.

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Two Basic Option Strategies For Producers: Buying Puts And Shorting Calls, Brian Schmiesing May 1984

Two Basic Option Strategies For Producers: Buying Puts And Shorting Calls, Brian Schmiesing

Economics Staff Paper Series

Beginning in the Fall of 1984, agricultural producers and agribusinesses will be confronted with another dimension of the deregulation trend in American Industry. Options on domestically produced agricultural commodities once again can be traded. As the country debates the 1985 Farm Bill, producers and agribusinesses must be making every effort to be prepared for the possibility of greater dependence on the market oriented policies in agriculture. In a free market environment, options, and their associated strategies must be considered as part of producer and agribusiness market strategies. This paper describes the basic terms and types of options, examines two option …

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How Will Water Development Be Financed In South Dakota?, Thomas L. Dobbs May 1984

How Will Water Development Be Financed In South Dakota?, Thomas L. Dobbs

Economics Commentator

No abstract provided.

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Economic Feasibility Of Electricity Generation On Cage Layer Operations, The, Boris E. Bravo-Ureta, Glen V. Mcmmahon May 1984

Economic Feasibility Of Electricity Generation On Cage Layer Operations, The, Boris E. Bravo-Ureta, Glen V. Mcmmahon

Storrs Agricultural Experiment Station

No abstract provided.

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Analysis Of The Costs And Returns Of Pasturing Irrigated Alfalfa For Beef Production In Utah In 1983, Irvin R. Bowen May 1984

Analysis Of The Costs And Returns Of Pasturing Irrigated Alfalfa For Beef Production In Utah In 1983, Irvin R. Bowen

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

The purpose of this study was to analyze the economics of pasturing feeder steers on irrigated alfalfa and compare this alternative to harvesting, storing, and selling alfalfa hay as well as selling standing alfalfa in the field. Available prices, costs and returns were calculated for fall planted wheat as a rotation crop, alfalfa establishment, alfalfa hay, alfalfa sold standing in the field, and pasturing feeder steers of different weight classifications on alfalfa with side roll irrigation. A case study mode 1 farm was developed to examine the cost and returns of each enterprise option. The pasturing of feeder steers on …

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Trends In South Dakota Cash Rent, Wallace G. Aanderud Apr 1984

Trends In South Dakota Cash Rent, Wallace G. Aanderud

Economics Commentator

No abstract provided.

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Agricultural Economics In Multidiscipline Research And Extension: Leading, Following, Integrating, Thomas Dobbs Apr 1984

Agricultural Economics In Multidiscipline Research And Extension: Leading, Following, Integrating, Thomas Dobbs

Economics Staff Paper Series

Multidiscipline agricultural research and extension provide special challenges to natural and social scientists. Each discipline, including agricultural economics, has unique strengths which can contribute to the effectiveness of multidiscipline programs. Each also faces special challenges and difficulties in such endeavors. This paper is intended to convey some of the major roles and challenges concerning involvement of agricultural economics in multidiscipline research and extension. It ls hoped that a better understanding of these roles and challenges will enable agricultural economists and their col leagues in other agricultural disciplines to more effectively work together. Thus, the intended audience for this paper includes …

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Understanding The Exchange Value Of The Dollar, Mark A. Edelman Mar 1984

Understanding The Exchange Value Of The Dollar, Mark A. Edelman

Economics Commentator

No abstract provided.

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