Social and Behavioral Sciences Commons^™

Insurance, Policy, And Education For Livestock Producers, Milan Chauhan, Bradley Lubben

Cornhusker Economics

Federal crop insurance programs have existed since the 1930s, but for livestock producers, federal insurance programs were virtually nonexistent until the past 20 years. Livestock producers may not face exactly the same production risks that crop producers face, but they do face similar production risks related to grazing capacity and forage production and of course face price risks just like crop producers do.

A Classical Fall Statistics Problem, Timothy L. Meyer

Cornhusker Economics

An evaluation of traditional baseball measures and suggestions for alternatives, centering on statistics related to the offensive quality of a player.

Nebraska Crop Budgets 2024, Robert N. Klein, Glennis Mcmclure

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

The 2024 Nebraska Crop budget projections were created using cropping practice norms for many producers in Nebraska. However, each individual farming operation is unique, and these budgets should be used only as a guide. The budgets for 2024 are available in the Agricultural Budget Calculator program at:https://agbudget.unl.edu/. To modify these budgets, you can download UNL budgets into your ABC program account or create your own. In addition, the reports for each of the 2024 crop budgets are saved as printable (PDF) files. See also the new budget calculator at https://cap.unl.edu/abc.

The following individuals contributed to these budgets …

New Foods Produced With Genome-Editing Technique In The Global Marketplace, Stéphan Marette, Anne-Célia Disdier, John C. Beghin

Cornhusker Economics

This Cornhusker Economics article builds upon a previous Cornhusker Economics article of September 8, 2021, on the heterogenous willingness to pay (WTP) for genome edited (GenEd) apples in France and the US (Beghin, 2022). Using graphical illustration, this new article summarizes in layman's terms two related economic analyses by Marette et al. (2022) and (2023). These analyses investigate Research and Development (R&D) investment in food innovations based on New Plant Engineering Techniques (NPETs), such as GenEd and traditional hybridization methods, and then in the context of international trade. With trade, innovators compete globally with their food novelties in each other’s …

Remote Work Is Not Going Away: How Can Rural Communities Take Advantage Of This Opportunity?, Cheryl A. Burkhart-Kriesel

Cornhusker Economics

Since the COVID-19 pandemic as of 2020, are we looking at a national remote work “new normal” with a hybrid office and remote work combination as an additional option? This is an important question for rural areas. Discusses remote work trends and steps needed to leverage remote work in the rural context.

Seasons, Stress, Salience, And Support For Cooperative Groundwater Management, Jordan Suter, Todd Guilfoos, Karina Schoengold

Cornhusker Economics

Background: Common property resources (CPR) are defined as resources where one person’s use affects what is available to others (either now or in the future). One example of a CPR is a shared aquifer, where multiple users have access to the groundwater. Economic researchers have shown that with a CPR, there are economic benefits to regulating the use of the resource, and that well-designed regulation increases the sustainability of agricultural-based economies that rely on CPRs. Many such regulations exist, and examples include allocation limits in some of Nebraska’s Natural Resources Districts and Kansas’s Groundwater Management Districts, as well as …

2023 Cash Lease Adjustments For Irrigation Equipment On Cropland Rental Arrangements In Nebraska, Jim Jansen, Jeff Stokes

Cornhusker Economics

The University of Nebraska-Lincoln’s Nebraska Farm Real Estate Market Survey and Report 2022-2023 provides insight into recent trends in the market value of agricultural land and cash rental rates across the state. Each year, the special feature section covers topics on new or emerging issues related to the agricultural land industry in Nebraska. These topics reflect the interest expressed by panel members and readership of the Nebraska Farm Real Estate Market Highlights Reports. The 2023 special feature section focuses on cash lease adjustments on irrigation equipment for cropland rental arrangements across Nebraska when the tenant provides a component of the …

Your Farm’S Financial Condition And Profitability Revisited, Matt Stockton, Shannon Sand

Cornhusker Economics

Looking at December futures contracts, corn prices may have reached a high and are tending to recede. If they stay higher, producers will likely have a good year. Still, if they tend to decline, which is possible given current carryover and supply projections, prices may stabilize or decline as we approach harvest. Those with multiperil crop insurance in areas with lower yields, e.g., droughtstricken areas with sufficiently high enough levels of coverage, will benefit from the February projected price of $5.91/bu. For the past two seasons, fall prices exceeded projected prices in the spring, making selling at harvest an attractive …

Assessing Determinants Of Participation In Conservation Programs In The U.S., Manita Ale, Simanti Banerjee, Taro Mieno, Karina Schoengold

Cornhusker Economics

In order to generate ecosystem services (ES) from privately owned intensively managed agricultural land, the United States Department of Agriculture (USDA)’s Farm Service Agency (FSA) and Natural Resources Conservation Service (NRCS) have implemented many conservation programs such as the Conservation Reserve Program (CRP), Conservation Stewardship Program (CSP), and Environmental Quality Incentives Program (EQIP), to name a few. These programs provide financial and technical assistance to farmers and ranchers to adopt land management practices that generate ES.

Intertemporal Preferences Or (In)Attention To Future Costs: Identifying Factors Influencing Variation In Health Behaviors, Christopher Gustafson

Cornhusker Economics

When you have the urge to buy a fancy coffee drink at your favorite coffee place, do you think about alternative future uses of the money that you would spend on the drink? If, in the end, you decide to forego buying the drink to save money, you have, by definition, considered what you are giving up now—the drink—in order to have the money later, but many people may not consider the future opportunities they forego when they make decisions now. Research suggests that this asymmetric attention to immediate versus future opportunity costs— the benefits that we give up when …

Nebraska Extension: Supporting The Well-Being Of Farmers And Ranchers, Jessica Groskopf

Cornhusker Economics

Nebraska Extension is a proud member of the North Central Farm and Ranch Stress Assistance Center. A regional center funded by USDA NIFA, it delivers farm and ranch stress and mental health resources and services in 12 states, including Nebraska.

Since 2021, several programs delivered by Nebraska Extension and its partners have been supported with these funds. This article will review the key programs supported in Nebraska.

Tas Orders, Innovations And Challenges In Futures Markets, Fabio Mattos

Cornhusker Economics

Futures contracts and futures exchanges were developed a long time ago in the process of evolution of commodity trading. They were created with the purpose of facilitating the buying and selling of commodities. Despite challenges along the way, they helped make commodity trading faster, easier, and more efficient for many buyers and sellers. Still today, futures exchanges are constantly looking for new ways to adjust to new developments in commodity markets and further facilitate trading. After all, as we have previously discussed in this space, futures exchanges provide a service to buyers and sellers, i.e., the marketplace to trade futures …

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.

Could The Epa Cause The Next Farm Financial Crisis?, Jeff Stokes, Jim Jansen

Cornhusker Economics

The inflation that crept into the economy in 2022 surprised many since it had not been seen for about 40 years. What has also not been seen for about 40 years is the type of farm-level financial stress causing some quarter of a million farms lost, the devastation of whole rural communities, and a compromised community banking sector and Farm Credit System (FCS). In 1981, as the Federal Reserve’s tighter monetary policy began to take effect, U.S. farmland value nominally peaked at about $785b. By 1985, it had fallen by about 31% from the peak resulting in a sector debt-to-asset …

Utilizing Nebraska Case Farms To Analyze Farm-Level Income And Policy Changes, Tatum R. Brunkow, Brad Lubben, Glennis Mcmclure

Cornhusker Economics

Agricultural producers, professionals, and policymakers often look to long-run projections for the agricultural industry as they make business and policy decisions. They can look to three different baseline projections that are produced by the United States Department of Agriculture, the Food & Agricultural Policy Research Institute (FAPRI), and the Congressional Budget Office (CBO). These baselines provide a 10-year outlook for the agricultural industry from prices and inventories for crops and livestock to international markets and income and expenditures. While this information provides insight into what direction agriculture may move, it can be hard to see the impact at the state …

Students’ Knowledge Of And Attitudes Toward Dairy Production: A Survey Methodology Report, Heather Akin, Babatope Akinyemi, Julia Mcquillan, Tami Brown-Brandl

Department of Agricultural Leadership, Education, and Communication: Faculty Publications

This report presents findings from a pilot survey conducted among undergraduate and graduate students (N = 410) at the University of Nebraska-Lincoln about students’ perspectives on technology usage, consumption, and sustainability in dairy production systems. An interdisciplinary research team developed the survey instrument and report. The main purpose of this pilot study was to create and administer survey items to support further research on experiential education and outreach opportunities related to robotics in small-scale dairy production and rural economic development. Descriptive findings indicated that most students had some familiarity with dairy production and the nutritional aspects of dairy products …

The History Of Emission Trading Programs And The Future Of Agricultural Sequestration Carbon Offsets, J. David Aiken

Cornhusker Economics

Agricultural carbon credits based on sequestering (i.e. storing) additional soil carbon are a relatively recent phenomenon in the effort to address global warming. Businesses have purchased ag sequestration carbon credits to help meet their greenhouse gas (GHG) reduction pledges. Ag sequestration carbon credits are difficult and expensive to accurately measure and usually represent only temporary GHG reductions, not permanent ones. A major USDA study is underway to examine the advantages and disadvantages of ag sequestration carbon credits and their use in achieving voluntary business GHG reduction plans. This paper takes a quick look at (1) the development of the acid …

Rural Development Hubs, A Possibility For Nebraska?, Marilyn R. Schlake

Cornhusker Economics

The Aspen Institute, Community Strategies Group conducted an analysis of 43 Rural Development Hubs from across the country to discover their strategies, organizational structures, regional roles, and practices. Their aim was to learn how rural regions can help investors, policymakers and other local and regional decision-makers better serve their regions. The following provides an overview of their findings detailed in the report: Rural Development Hubs: Strengthening America’s Rural Innovation Infrastructure. The report provides an opportunity for further discussion on the potential role of Rural Development Hubs in Nebraska. Rural Development Hubs are defined as a “place-rooted organization working hand-in -glove …

They Shrank The Futures Contracts! Mini Futures Contracts: What They Are And How To Use Them, Fabio Mattos

Cornhusker Economics

Mini futures contracts (or e-mini, since they are traded electronically) were first developed in the late 1990s based on futures contracts that already existed. The main characteristic of mini contracts is that they represent a fraction of standard-size contracts. For example, the first mini contract was launched in 1997 and based on the S&P500 futures contract. The size of the standard futures contract is $250 times the value of the S&P500 index, while the size of the mini futures contract is $50 times the value of the S&P500 index. If the index is at 4,200 points, the total value of …

Nebraska National Agri-Marketing Association (Nama) Is Back On Track, Ashton Humphreys, Rosalee A. Swartz

Cornhusker Economics

UNL’s National Agri-Marketing Association (NAMA) student organization is one of more than thirty student chapters across the U.S. and Canada. NAMA’s objective is to make students aware of the many career opportunities in agricultural marketing. Building strong connections between students and professionals in marketing, advertising, communications, promotion, sales, and public relations is the key to this objective. NAMA members also have opportunities to develop leadership and team-building skills through club activities and involvement. Two years of COVID created a leadership and experience gap for UNL NAMA. Officers from 2018-2019 had graduated. Monthly meetings were suspended for some time, followed by …

Depreciation Changes Ahead, Tina N. Barrett

Cornhusker Economics

When the Tax Cuts and Jobs Act (TCJA) was passed in 2018, a lot of time and focus was placed on all the things that were changing quickly and the things that were 5-6 years out became back burner problems. Amazingly enough, we are now at the stage of the bill where things are starting to phase out. These changes will start to impact tax returns starting in 2023 and will continue increasing taxable income through 2025. The first change is the phase out of the Bonus depreciation. This law has been on the books since 2001 (there was no …

The Unintended Consequences Of China’S One-Child Policy, Wesley Peterson

Cornhusker Economics

In 1968, Paul Ehrlich published a book entitled The Population Bomb in which he argued that rapid population growth would overwhelm the world’s capacity to feed, house, and otherwise care for the coming millions of people. At that time, the world population was about 3.5 billion growing at an average annual rate of 2.06 percent (World Bank 2023). At that rate of growth, the world’s population would have been expected to double to 7.0 billion by 2001. In fact, population growth rates fell after the 1960s and world population reached only 6.2 billion in that year. Fears of a population …

Producer Long-Term Marketing Opportunities With Ethanol Plants, Austin Harthoorn, Logan Lloyd, Cory Walters, Kate Brooks

Cornhusker Economics

Commodity marketing operates in a complex decision environment with constant information flow, which can conceal long-run financially profitable marketing opportunities for producers. In the corn marketing space, the competitive role of ethanol plants throughout the state may provide producers with long-run financial gains by strategically approaching marketing decisions. In this article, we characterize whether producers can gain financially from strategically marketing corn to ethanol plants. For example, do ethanol plants provide a better long-run return from pre-harvest hedging, spring sale, or harvest sale?

We investigate three important contracting times--forward contract for harvest delivery (called pre-harvest hereafter), harvest delivery, and spring …

Education, Beliefs, And Health Literacy Of Care Providers On Mouth Care Of Older Adults, Molly Lakin

Honors Theses

Oral health is important to one’s overall health and quality of life as it can lead to chronic illnesses such as cardiovascular disease, stroke, and neurodegenerative disorders (Haumschild et al. 2021). In long-term care facilities, it is important that dependent older adults are provided mouth care to maintain their oral health and decrease their chances of developing a chronic illness; however, there are barriers affecting the level, quality, and quantity of mouth care being provided in these facilities. A survey was developed to look at the education, beliefs, and health literacy of care providers on providing mouth care in hopes …

The Role And Implications Of Negotiation In Fed Cattle Transactions, Taralee Hudson

Department of Agricultural Economics: Dissertations, Theses, and Student Research

Within the past three decades, a significant evolution has occurred in how fed cattle are bought and sold. Driven by changes in the quality of beef and consumer health preferences, the beef industry began to advocate for “value-based marketing,” resulting in the development of grid pricing and eventually formula transactions. Alternative marketing arrangements (AMAs) have become the predominant method used for the sale of fed cattle, ultimately resulting in fewer transactions in the negotiated cash market. Such market conditions have recently reignited concerns among industry stakeholders about potentially uncompetitive outcomes for beef producers, particularly after the occurrence of sequential Black …

Things To Consider Before Co-Signing A Loan, J. David Aiken

Cornhusker Economics

In the context of family farms, includes some general points to consider before you sign a loan guarantee for a family member who is heavily in debt.

Conclusion: Having to consider whether to co-sign a child's loan is a very difficult situation-no one wants to be part of losing part of the family farm or ranch to loan foreclosure. But if the loan guarantee isn't part of a financial turnaround plan that has at least a fighting chance of success, don't sign the guarantee unless you absolutely don't need the money for your own retirement.

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 …

Regenerative Farming Practices: How Much Carbon Do They Sequester?, Andrew M. Havens

Department of Agricultural Economics: Dissertations, Theses, and Student Research

Along with the recent rise of voluntary carbon markets comes potential carbon credit producers seeking reliable information on how much carbon they can expect to sequester. In this thesis a distribution of expected sequestration outcomes is constructed using cost-benefit analysis and data gathered from agronomic experiments and land-grant university crop budgets for cover crops and no-till practices. The inverse cumulative distribution of carbon sequestration outcomes from adopting a regenerative agricultural practice is visualized and the net social benefit of paying farmers to produce carbon credits is estimated. Results show that on average there is between $29.02 and $37.20 of social …

2023 Nebraska Women In Agriculture Conference, Jessica Groskopf, Katie Hothem

Cornhusker Economics

Includes a recap of the 38th Nebraska Women in Agriculture Conference held in February 2023 in Kearney, Nebraska.

College Students' Relationship With Attention Deficit Hyperactivity Disorder And Learning Accommodations At The University Of Nebraska-Lincoln, Brianna Danehey, Kim Hansen Dr., Chelsea Witt Dr.

Honors Theses

Attention deficit hyperactivity disorder (ADHD) can provide many challenges for college students due to difficulties focusing, multi-tasking, and staying organized. Colleges are required to offer academic accommodations to students with disabilities in an attempt to provide students with an equitable learning environment. However, accommodations may be ineffective if they are highly unattainable, unused by the student once granted, or hindered by university faculty.

The objective of this study was to identify barriers to receiving effective and beneficial academic accommodations for individuals with ADHD at the University level and to provide insight into college students' knowledge and relationships relating to the …