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Agricultural and Resource Economics

University of Nebraska - Lincoln

2003

Articles 31 - 60 of 70

Full-Text Articles in Social and Behavioral Sciences

Nebraska City Visitors Survey, Randolph L. Cantrell Jul 2003

Nebraska City Visitors Survey, Randolph L. Cantrell

Rural Initiative Program: Publications and Reports

During the month of July, 2003, Nebraska City Tourism and Events and the Center for Applied Rural Innovation (CARI) at the University of Nebraska-Lincoln conducted a survey of visitors to the Nebraska City area.

The survey was designed to provide information related to the activities and experiences of tourists and other visitors to the Nebraska City area, especially as related to the hospitality industry.

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Feeder And Fed Cattle Now Covered Under The Livestock Risk Protection Pilot Program, Matthew M. Larson, H. Douglas Jose Jun 2003

Feeder And Fed Cattle Now Covered Under The Livestock Risk Protection Pilot Program, Matthew M. Larson, H. Douglas Jose

Cornhusker Economics

On December 18, 2002 the Federal Crop Insurance Corporation (FCIC) approved an expansion of the Livestock Risk Protection (LRP) pilot program to include fed and feeder cattle. The LRP pilot program was first approved by the FCIC on November 15, 2001 and began offering the insurance to swine producers on July 8, 2002.

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Planning For Future Farmers, Darrell R. Mark Jun 2003

Planning For Future Farmers, Darrell R. Mark

Cornhusker Economics

The Spring Semester ended about one month ago for students in the College of Agriculture and Natural Resources at the University of Nebraska. The end of the academic school year always marks an exciting and busy time for students and their instructors as class projects are completed, final exams are taken and plans for the summer are made. It is always interesting to watch what career paths graduates will follow after completion of their studies. Many will find employment in the agribusiness industry, some will pursue a graduate degree and some may launch their own business ventures.

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Some Thoughts On U.S. - European Relations, George Pfeiffer Jun 2003

Some Thoughts On U.S. - European Relations, George Pfeiffer

Cornhusker Economics

Having recently returned from this year’s annual student agribusiness study tour to France, I was struck by a number of changing attitudes in Europe regarding their relationship with the U.S., and also struck by the degree to which some attitudes have changed little or not at all.

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Analysis Of Corn Production And Usage, Katie Gaskins, Dennis Conley Jun 2003

Analysis Of Corn Production And Usage, Katie Gaskins, Dennis Conley

Department of Agricultural Economics: Presentations, Working Papers, and Gray Literature

Contents:

Analysis of Corn Production and Usage

ArcViewSoftware

Net Deficit States

Texas Corn Production

Nebraska Price Surface

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Nascent Entrepreneurs: Are They Worth Our Investment?, Marilyn R. Schlake Jun 2003

Nascent Entrepreneurs: Are They Worth Our Investment?, Marilyn R. Schlake

Cornhusker Economics

New business formation is key to any society expecting economic growth and industry innovation. Giant corporations of today were once start-up companies more than 25 years ago. Apple Computer, started in 1978, had $8 billion in sales in 2000 and employed approximately 95,000 people. Likewise, Microsoft Corporation, started in 1976, is the world’s largest software company with more than $23 billion in sales. Other well-known companies such as Federal Express, Walmart, ConAgra and Amazon.com were once fledgling businesses that revolutionized industries.

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Iraq’S Potential As A Market For U.S. Agriculture, Roy Frederick May 2003

Iraq’S Potential As A Market For U.S. Agriculture, Roy Frederick

Cornhusker Economics

Nebraska farmers and ranchers are always sensitive to new market opportunities. Thus, it’s not surprising that questions have arisen about potential sales of U.S. agricultural products to Iraq.

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Mandatory Country Of Origin Labeling: The Ongoing Cool Debate Continues In Kearney, Wendy Umberger, Darrell R. Mark, Dillon Feuz May 2003

Mandatory Country Of Origin Labeling: The Ongoing Cool Debate Continues In Kearney, Wendy Umberger, Darrell R. Mark, Dillon Feuz

Cornhusker Economics

The ongoing debate over mandatory country-of-origin labeling (COOL) continues, despite COOL being passed as part of the 2002 Farm Bill and plans for it to become a mandatory program on September 30, 2004. As the discussion surrounding COOL intensifies, it is clear that there is still much contention regarding implementation of the mandatory COOL provisions.

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Nebraskans Down Under, Deb Rood May 2003

Nebraskans Down Under, Deb Rood

Cornhusker Economics

G’day mate was the phrase that twenty Nebraska ag folks heard as they stepped off the plane in Hobart, Tasmania, Australia this past March. It all began in 1998 at the International Women in Ag program in Washington D.C. It was there that the idea of a Nebraska - Tasmania ag woman exchange was born. The exchange program was based on the premise that ag women would learn more about international agriculture by experiencing another country’s agriculture first hand. The Nebraska delegation at the International Women in Ag Conference invited the Australia delegation to first visit our state.

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Entrepreneurial Talent: “One Size Does Not Fit All”, Cheryl A. Burkhart-Kriesel May 2003

Entrepreneurial Talent: “One Size Does Not Fit All”, Cheryl A. Burkhart-Kriesel

Cornhusker Economics

Entrepreneurs are those that have a passion for creating and growing an enterprise. They have motivation and capacity in abundance. Although hard to describe, they are often one of those “I know it when I see it” phenomenons. But this is not where it stops - there are also other kinds of entrepreneurial talent looming in our communities that m ight not be as visible.

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Weather And Wheat Yields, Glenn A. Helmers, Saleem Shaik Apr 2003

Weather And Wheat Yields, Glenn A. Helmers, Saleem Shaik

Cornhusker Economics

It is well recognized that at particular times in the growing season weather can be a critical determinant of crop yield. Here we report research which identifies those periods and quantifies their impact. This research can be useful in understanding the yield impacts of the often discussed and debated issue of climate change. A shift in climate may change the level and variability of temperature and precipitation in critical crop growing stages. To better understand how climate change would impact crop yields, identifying those critical growing stages and quantifying their impact on yield is important.

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Using Water Taxes To Retire Water Rights, J. David Aiken Apr 2003

Using Water Taxes To Retire Water Rights, J. David Aiken

Cornhusker Economics

In a 1998 law review article, Texas A&M University Professor Donald Kaiser recommends using a fee on water withdrawals to retire ground and surface water rights in order to protect endangered species. Kaiser & Phillips, “Dividing the Waters: Water Marketing as a Conflict Resolution Strategy in the Edwards Aquifer Region,” 38 Natural Resources Journal 411 (1998). Arizona groundwater law also authorizes groundwater taxes to fund buying groundwater rights to slow groundwater depletion. This article explores how such a strategy might be implemented to deal with Nebraska water conflicts, including conflicts between surface water users and groundwater users.

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The Changing Hog Industry, Allen Prosch Apr 2003

The Changing Hog Industry, Allen Prosch

Cornhusker Economics

Pork producers dodged the worst possibilities of the fourth quarter of 2002 by marketing hogs earlier in the third quarter. By November, the action rekindled a rally in Summer 2003 prices, originally started in July of 2002 on confirmation that producers were reducing the breeding herd in the U.S. Price expectations for 2003, as represented by June Lean Hog Carcass Futures contract prices, were strong through the end of 2002. Continued adequate supplies of pork stalled advances at the beginning of this year (Figure 1).

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Faculty Exchange Program Finishes Its Fourth Year, Lynn Lutgen Apr 2003

Faculty Exchange Program Finishes Its Fourth Year, Lynn Lutgen

Cornhusker Economics

The Department of Agricultural Economics recently completed its fourth year of partnering with USDA in a Faculty Exchange Program. During August of each year beginning professors from Russian and the Ukraine arrive in Lincoln, stay for about five months and then return to their homelands. While in Nebraska they take classes, travel, develop new class outlines, collect material and write articles, all of which are used when they return home to introduce to new classes and extension activities at their respective universities. The last group brings the total to 17 visiting professors that we have hosted at Nebraska. Impressions of …

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Country Of Origin Labeling: It’S Time To Start Keeping Records, Darrell R. Mark Apr 2003

Country Of Origin Labeling: It’S Time To Start Keeping Records, Darrell R. Mark

Cornhusker Economics

Labeling meat and other perishable agricultural products was vigorously debated prior to the approval of the 2002 farm bill. The passage of the Farm Security and Rural Investment Act in May, 2002 did create country of origin labeling (COOL); however, the controversy over COOL did not end there. In fact, it has intensified amongst producers, processors and retailers as they struggle to determine how to comply with COOL and exactly how it affects their operations.

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Costly (Dis)Agreement: Optimal Intervention, Income Redistribution, And Transfer Efficiency Of Output Quotas In The Presence Of Cheating, Konstantinos Giannakas, Murray Fulton Apr 2003

Costly (Dis)Agreement: Optimal Intervention, Income Redistribution, And Transfer Efficiency Of Output Quotas In The Presence Of Cheating, Konstantinos Giannakas, Murray Fulton

Department of Agricultural Economics: Faculty Publications

This study builds on previous work by Giannakas and Fulton (2003, 2000) on the economics of output quotas in the presence of cheating by examining the efficiency of the policy in transferring income to producers as well as the optimal regulatory response to enforcement costs and farmer noncompliant behavior in a decentralized policy making environment. Analytical results show that enforcement costs and cheating change the transfer efficiency of output quotas, the level of intervention that transfers a given surplus to producers, the socially optimal income redistribution, and the social welfare from intervention. The incidence of the policy is shown to …

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Strategic Labeling And Trade Of Gmos, Luc Veyssiere, Konstantinos Giannakas Apr 2003

Strategic Labeling And Trade Of Gmos, Luc Veyssiere, Konstantinos Giannakas

Department of Agricultural Economics: Faculty Publications

The emergence of agricultural biotechnology and the subsequent introduction of genetically modified organisms (GMOs) into the food system have been among the most controversial issues surrounding the increasingly scrutinized agri-food system. They have received considerable attention in the economics literature with the main focus being on the optimal regulatory response to products of biotechnology. This paper builds on the literature on the regulation of products of biotechnology by placing the analysis of labeling decisions in a multi-country context. Specifically, the objective of this study is to examine the effect of the strategic interdependence between countries on their regulatory responses to …

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Tough Love: Optimal Enforcement Of Output Quotas In The Presence Of Cheating, Konstantinos Giannakas, Murray Fulton Apr 2003

Tough Love: Optimal Enforcement Of Output Quotas In The Presence Of Cheating, Konstantinos Giannakas, Murray Fulton

Department of Agricultural Economics: Faculty Publications

This study builds on the literature on the economics of output quotas in the presence of cheating. We extend previous work by Giannakas and Fulton (2000a) by examining the decisions of the agency responsible for the enforcement of output quotas in a decentralized policy-making structure. Enforcement policy design is modeled as a sequential game between the agency that determines the enforcement of the quota program (designed by a regulator), and farmers who make production decisions. Analytical results show that the level of enforcement depends on the size of the enforcement costs and the political preferences of the enforcement agency - …

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Stable But Variable Characterizes Nebraska Agricultural Land Values, Glenn A. Helmers, Bruce B. Johnson Mar 2003

Stable But Variable Characterizes Nebraska Agricultural Land Values, Glenn A. Helmers, Bruce B. Johnson

Cornhusker Economics

The results of UNL's 2003 Nebraska Farm Real Estate Market Survey indicate a slight decline in overall land values compared to 2002 (-.4 percent). However, variability within the state and among land types indicates more complexity and less uniformity in changes than in previous years. In the past 16 years overall land values declined only twice (1999 and 2003). Thus, the slight decline in 2003 values is not strong evidence of a leveling off in the generally increasing trend in land values, yet large declines of land values in some areas raise concern over what economic forces are at work.

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Drought Decisions For Range Livestock Producers, Dillon Feuz Mar 2003

Drought Decisions For Range Livestock Producers, Dillon Feuz

Cornhusker Economics

Severe drought conditions existed over a large portion of the Rocky Mountains and Northern Great Plains regions of the U.S. for most of 2002. There has not been much relief of these drought conditions in January or February of 2003 for most of the impacted areas. For some of the area, this is the third year of an extended drought. How has this drought impacted the cattle industry? What have producers done to cope with the drought and what are some alternatives for this year if drought conditions persist? Providing answers to these questions is the goal of this article.

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Corn Farmers Face March 21 Deadline To “Opt Out” Of Proposed Starlink Class Action Lawsuit, J. David Aiken Mar 2003

Corn Farmers Face March 21 Deadline To “Opt Out” Of Proposed Starlink Class Action Lawsuit, J. David Aiken

Cornhusker Economics

This article is taken from a longer article by D.L. Uchtmann, University of Illinois Professor of Agricultural Law discussing the proposed StarLink litigation settlement. The text of the entire StarLink article is available at www.farmdoc.uiuc.edu/legal/pdfs/DeadlineStarLink. If you have questions about the StarLink settlement, Professor Uchtmann’s article is a good starting point. Additional questions should be referred to your attorney.

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Defense And International Affairs In The Federal Budget, E. Wesley F. Peterson Mar 2003

Defense And International Affairs In The Federal Budget, E. Wesley F. Peterson

Cornhusker Economics

The proposed fiscal year 2004 (FY2004) federal budget (available at www.gpi.gov/usbudget) includes details on the allocation of federal expenditures among various budget categories as well as historical tables covering the period 1940 to the present. Of particular interest at this time of potential war are the expenditures related to defense and international relations. U.S. Gross Domestic Product (GDP) is estimated at $11.3 trillion for FY2004 and the proposed federal budget is $2.23 trillion or 19.7 percent of GDP. Proposed defense expenditures, not including any cost for a war in Iraq, are $390 billion (17.5 percent of the total budget or …

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Asset Based Community Development: A Model For Nebraska Communities?, John C. Allen Feb 2003

Asset Based Community Development: A Model For Nebraska Communities?, John C. Allen

Cornhusker Economics

The issue of how and sometimes even if we should expend p ublic dollars to support the development of small rural communities continues to receive attention at the federal and state levels, especially throughout the Great Plains. Traditional strategies focusing on industrial recruitment often has not paid off for rural areas in maintaining population, and many have questioned whether the public investment provides economic benefits at the local level.

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Crop Revenue Coverage And Forward Pricing: A Case Study Under Irrigated Corn, Roger Selley Feb 2003

Crop Revenue Coverage And Forward Pricing: A Case Study Under Irrigated Corn, Roger Selley

Cornhusker Economics

The forward pricing of grain typically obligates the producer to purchase replacement bushels when production falls short of the contract. If the production shortfall is due to area weather conditions, prices would be expected to rise and the price of replacement grain could exceed the preharvest contract price. Crop Revenue Coverage (CRC) multi-peril crop insurance provides a revenue guarantee. The minimum revenue guarantee for corn is determined by multiplying the coverage elected times projected revenue. Projected revenue is calculated using the historical yield (APH) for the farm and the February average of the CBT December futures contract. However, the final …

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Incorporating Risk In Efficiency Analysis, Glenn A. Helmers Feb 2003

Incorporating Risk In Efficiency Analysis, Glenn A. Helmers

Department of Agricultural Economics: Presentations, Working Papers, and Gray Literature

Using a non-parametric linear programming approach, our contribution is (1) to examine the impact of incorporating risk in efficiency analysis and (2) to compare the efficiency measures with and without risk for continuous and rotation cropping systems. The model uses Nebraska cropping system data for the period, 1986-2000. Results indicate lower efficiency gains are realized with the incorporation of risk. The t-test at the 5% level of significance examining if efficiency measures are significantly different from one is also reported.

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The Economic Factors Influencing Producers’ Demand For Farm Managers, Keith H. Coble, Thomas O. Knight, George F. Patrick, Alan Baquet, Oscar Vergara Feb 2003

The Economic Factors Influencing Producers’ Demand For Farm Managers, Keith H. Coble, Thomas O. Knight, George F. Patrick, Alan Baquet, Oscar Vergara

Department of Agricultural Economics: Presentations, Working Papers, and Gray Literature

This paper primary objective is to analyze the economic factors influencing producers’ demand for farm managers. A survey of commercial farmers’ risk management was conducted by mail during the spring of 1999 in Mississippi, Texas, Indiana, and Nebraska. A Tobit econometric model was constructed to analyze the demand for farm managers. Results showed that a complementary relationship exists between marketing inputs and the decision to hire farm managers. The results indicate that, as farmers increase expenditure on marketing consultants and information systems, their expenditure on farm managers increase.

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Estimates And Interpretation Of Income Elasticities Of Demand For Food Products, Azzeddine Azzam Feb 2003

Estimates And Interpretation Of Income Elasticities Of Demand For Food Products, Azzeddine Azzam

Cornhusker Economics

The income elasticity of demand for a product measures the responsiveness of demand for the product to a change in disposable (after tax) income. To get the measure, one divides the percentage change in demand for the product by the percentage change in income. For example, if the demand for butter fell by 2 percent when incomes rose by 5 percent, the income elasticity of demand for butter is – 0.4 percent. If demand for butter went up by 5 percent, the income elasticity of demand would be 0.4. If instead it went up by 2 percent, the income elasticity …

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Extension Educators’ Supply Of Risk Management Training To Farmers, Oscar Vergara, Steve Martin, Keith H. Coble, George F. Patrick, Thomas O. Knight, Alan E. Baquet Feb 2003

Extension Educators’ Supply Of Risk Management Training To Farmers, Oscar Vergara, Steve Martin, Keith H. Coble, George F. Patrick, Thomas O. Knight, Alan E. Baquet

Department of Agricultural Economics: Presentations, Working Papers, and Gray Literature

This paper primary objective is to analyze the supply of risk management education provided by extension educators to their clients. A survey of county/area extension educators from Mississippi, Texas, Indiana, and Nebraska was conducted during the fall of 2001. A Tobit econometric model was constructed to analyze the extension educators’ supply of risk management training to farmers. Results showed that the number of risk management education training programs held in the past 3 years by extension educators was positively related to the extension educators’ percent of time devoted to agricultural responsibilities, the value of all crops in the extension educator’s …

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Crop Selection And The Potential Of Drought, H. Douglas Jose Jan 2003

Crop Selection And The Potential Of Drought, H. Douglas Jose

Cornhusker Economics

Three years ago I wrote an article in Cornhusker Economics on the possibly of the dry conditions in 1999 continuing into the 2000 crop year. I commented that we had not dealt with a serious drought in Nebraska for many years. I hope that was not an omen, or a curse, but we have been dealing with moisture shortfalls ever since. The state average yield for dryland corn was 84 bushels per acre in 2000. In 2002 timely rains, at least for non-irrigated corn, were only a mirage resulting in a state average yield of 60 bushels per acre.

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Republican River Litigation Settlement, J. David Aiken Jan 2003

Republican River Litigation Settlement, J. David Aiken

Cornhusker Economics

On December 16, 2002 the Governors of Kansas and Nebraska announced that the states had settled their lawsuit over the 1943 Republican River compact. The settlement marked the end of the interstate lawsuit which originated in May 1998. The settlement represented a compromise between Kansas, Nebraska and Colorado, and was significantly good for Nebraska.

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