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Social and Behavioral Sciences Commons™
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- Beef cattle (3)
- Corn (3)
- Cover crops (3)
- Conservation (2)
- Cow-calf (2)
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- Profitability (2)
- ARMS (1)
- Agricultural technology (1)
- Beef management (1)
- Beginning farmer (1)
- Benchmarking (1)
- Bequest (1)
- Cattle (1)
- Cereal aphids (1)
- Cereal rye (1)
- Contract production (1)
- Corn farms (1)
- Cost efficiency (1)
- Cow replacement (1)
- Crop diversity (1)
- Cross-pollination (1)
- Data envelopment analysis (1)
- Death loss (1)
- Double crop (1)
- Downside risk (1)
- Drought management (1)
- Efficiency change (1)
- Farm financial stress (1)
- Farm households (1)
- Farm transition planning (1)
Articles 1 - 21 of 21
Full-Text Articles in Social and Behavioral Sciences
Industrial Hemp Production And Market Risk Analysis In Oklahoma, Lixia H. Lambert, Amy D. Hagerman
Industrial Hemp Production And Market Risk Analysis In Oklahoma, Lixia H. Lambert, Amy D. Hagerman
Journal of Applied Farm Economics
Industrial hemp production has garnered producer attention as a potential summer crop alternative in Oklahoma. Farmers considering the inclusion of hemp, an emerging new crop, in their operations need to factor in risk and uncertainty. We conducted a risk analysis to determine the optimal allocation of land to conventional crops and hemp for a representative 1,000-acre wheat farm in northeastern Oklahoma under production and market risk. Target MOTAD (minimization of total absolute deviation) model was used to focus on downside risk and hemp market price uncertainty. Six double-cropping systems for double- cropped winter wheat were considered, including sorghum, sesame, hemp …
A Model Of Farm Transition Planning For The U.S. Plains, Garret Reed, Shannon Ferrell, Eric A. Devuyst, Rodney Jones
A Model Of Farm Transition Planning For The U.S. Plains, Garret Reed, Shannon Ferrell, Eric A. Devuyst, Rodney Jones
Journal of Applied Farm Economics
Farm transition planning continues to be a significant challenge for U.S. agricultural owner/producers. Past and ongoing research points to an aging farm population with little or no planning to transition farms to succeeding farming family members, despite documented goals of continued family ownership and operation. This study developed and analyzed alternative farm asset transition strategies using a representative farm for Oklahoma. The simulations considered equity issues, family living requirements, and cash flow pre- and post-transition. Strategies analyzed considered off-farm investments and life insurance tools to even bequests between an on-farm and an off-farm heir, and also modeled splitting inheritance into …
The Cover Crop Seed Industry: An Indiana Case Study, John C. Tyndall, Adriana Valcu-Lisman, Melanie Bogert, Abigail Zobrodsky
The Cover Crop Seed Industry: An Indiana Case Study, John C. Tyndall, Adriana Valcu-Lisman, Melanie Bogert, Abigail Zobrodsky
Journal of Applied Farm Economics
Winter cover crops are plants used to protect soils during the period between the harvest and establishment of cash crops such as corn and soybeans, effectively providing farm fields with perennial cover. The total cost of cover crops varies considerably from site to site and year to year, yet the single costliest aspect of using cover crops is the cost of seed. Seed cost also tends to be the most volatile component of the cost of cover crop use, subject to complex supply dynamics associated with producing viable seed, storage capacity, and unpredictable regional demand. We conducted a survey of …
Farm Efficiency And Productivity Growth: The Effect Of Commodity Prices, Elizabeth Canales, Jason S. Bergtold, Allen Featherstone
Farm Efficiency And Productivity Growth: The Effect Of Commodity Prices, Elizabeth Canales, Jason S. Bergtold, Allen Featherstone
Journal of Applied Farm Economics
Crop prices can affect farm productivity through input- output decisions. This study assesses the relationship between crop prices and productivity changes among a sample of Kansas farms. The changes in total factor productivity are evaluated using a nonparametric approach with a Malmquist productivity index and potential drivers of technical efficiency and productivity change are analyzed. Farms with higher leverage and greater diversification are likely to be more efficient and experience productivity change. Lower productivity occurred during years with higher crop prices, suggesting that innovation is more likely to occur when margins are tight.
Financing Beef Cow Herd Building For Beginning Ranchers, Abby Shalekbriski, Eric A. Devuyst, Cheryl S. Devuyst, Roger Sahs, Matt Stockton, Katlin Ramy
Financing Beef Cow Herd Building For Beginning Ranchers, Abby Shalekbriski, Eric A. Devuyst, Cheryl S. Devuyst, Roger Sahs, Matt Stockton, Katlin Ramy
Journal of Applied Farm Economics
Intensive capital requirements relative to cash flows available inhibit the entry of beginning producers into the cattle industry. Here, we propose and analyze a strategy for beginning ranchers to build a herd. Over a three-year cycle, new producers borrow cash needed to purchase 450- pound heifers in the first year, breed heifers, sell open heifers and bull calves, retain heifer replacements, rebreed the two- year-old cows, and eventually sell bred two-turning-three cows 27 months after the initial heifer purchase. The goal is to retain a group of debt-free heifers. Analyses conducted over 14 cycles of 27 months each across three …
The Role Of Farmer Heterogeneity In Nutrient Management: A Farm-Level Analysis, Hua Wang, Naveen Adusumilli, Daniel Fromme, Keith Shannon
The Role Of Farmer Heterogeneity In Nutrient Management: A Farm-Level Analysis, Hua Wang, Naveen Adusumilli, Daniel Fromme, Keith Shannon
Journal of Applied Farm Economics
Understanding farmer heterogeneity regarding nutrient management decisions is crucial for the success of any nonpoint source pollution prevention programs. Data from a farm- level experiment of cover crops in corn production were used in the Stochastic Efficiency with Respect to a Function framework to examine preference for nitrogen strategies over a range of risk aversion levels. We show the highest net return and certainty equivalent to the consideration of N supplied by cover crops. The results provide insights into policy discussions about the level of conservation incentives and plans that offer solutions to mitigate nonpoint source pollution.
The Role Of Variable Rate Technology In Fertilizer Usage, Terry Wayne Griffin, Lavona Traywick
The Role Of Variable Rate Technology In Fertilizer Usage, Terry Wayne Griffin, Lavona Traywick
Journal of Applied Farm Economics
Precision technologies such as variable rate fertilizer applications have been touted as solving production agricultural issues, increasing yields, and improving environmental stewardship. Variable rate technologies have been widely available on farms especially via custom service providers; however, utilization rates of these technologies remain relatively low. Low adoption rates indicate barriers to adoption and an opportunity for market expansion. The degree to which such technologies may reduce the demand for fertilizers will depend on VRT adoption rates.
Differences In The Determinants Of Retirement Preparation Between Farm And Nonfarm Households, Sheri L. Worthy, Travis Mountain, Swarn Chatterjee, Carrie Johnson, Elizabeth Kiss, Barbara O'Neill, Lorna Saboe-Wounded Head, Michael S. Gutter
Differences In The Determinants Of Retirement Preparation Between Farm And Nonfarm Households, Sheri L. Worthy, Travis Mountain, Swarn Chatterjee, Carrie Johnson, Elizabeth Kiss, Barbara O'Neill, Lorna Saboe-Wounded Head, Michael S. Gutter
Journal of Applied Farm Economics
As principal farm operators age, retirement and succession planning has become increasingly important to the U.S. agriculture industry. This study examined differences in the determinants of retirement preparation between farm and nonfarm households using the Survey of Consumer Finances. Factors such as risk preferences, financial capability, human capital, and other demographic characteristics of farmers that may play a role in their decision to plan for retirement were examined. Retirement planning was investigated by running three separate sets of logistic regressions on the overall sample, farm households, and nonfarm households. Likelihood of consulting a financial planner, expecting to leave a bequest, …
Hemp Production Network Effects: Are Producers Tipped Toward Suboptimal Varietal Selection By Their Neighbors?, Tanner Mccarty, Jeffrey Young
Hemp Production Network Effects: Are Producers Tipped Toward Suboptimal Varietal Selection By Their Neighbors?, Tanner Mccarty, Jeffrey Young
Journal of Applied Farm Economics
The 2018 farm bill removed industrial hemp from the Schedule 1 Controlled Substance List. In response, states scrambled to enact hemp legislation. Some hemp flower producers report their hemp fields were cross- pollinated by a neighbor growing a different hemp cultivar. For hemp flower crops, cross- pollination reduces cannabinoid concentration levels within the flower; these concentration levels dictate flower price. We show that in a repeated game, once a sufficiently large percentage of growers decide to plant hemp fiber/seed crops, cross-pollination forces flower growers to convert to fiber/seed to avoid the negative network externality. Over time, a stable, suboptimal Nash …
Cost Efficiency Of International Corn And Soybean Production, Rachel Purdy, Michael Langemeier
Cost Efficiency Of International Corn And Soybean Production, Rachel Purdy, Michael Langemeier
Journal of Applied Farm Economics
The objective of this paper was to examine the cost efficiency of corn and soybean pro-duction for typical farms involved in the cash crop agri benchmark network using data for the period 2013 to 2017. Average cost efficiency for the typical farms in the network that produced corn, soybeans, and both corn and soybeans was 0.749, 0.774, and 0.939, respectively. Inefficiency was a greater problem for the farms producing corn than for the other farm types examined. Inefficient farms tended to overutilize direct, operating, and overhead inputs.
Bred Heifer Price Determinants In The Southeast, Christopher Boyer, Andrew P. Griffith, Jada M. Thompson, Justin Rhinehart, Kenneth H. Burdine, Kevin Laurent
Bred Heifer Price Determinants In The Southeast, Christopher Boyer, Andrew P. Griffith, Jada M. Thompson, Justin Rhinehart, Kenneth H. Burdine, Kevin Laurent
Journal of Applied Farm Economics
Price determinants for bulls, cows, and feeder cattle are well established in the literature but there has been little research on bred heifer price determinants and specifically the impact of feeder cattle prices on the purchase price of bred heifers. We estimated the impact of reproductive characteristics and feeder cattle prices on bred heifer prices for beef production. Data were obtained from a May and November bred heifer sale located in Kentucky and hedonic pricing models were estimated for bred heifers for each sale month. Prices for fall- calving heifers were influenced by number of months bred or expected calving …
Determinants Of Feedlot Cattle Death Loss Rates, Mark Buda, Kellie Curry Raper, John Michael Riley, Derrell S. Peel
Determinants Of Feedlot Cattle Death Loss Rates, Mark Buda, Kellie Curry Raper, John Michael Riley, Derrell S. Peel
Journal of Applied Farm Economics
Death loss in feedlot cattle can have significant impacts on feedlot profitability. Not only does death loss result in foregone revenue, but the operation still incurs the costs to date associated with those animals. This study uses pen-level feedlot data from a private feed-lot in the Southern Great Plains. Both company- owned and customer retained ownership cattle are included in the data set. A Tobit model is used to analyze pen characteristics’ influence on death loss in feedlot cattle, including cattle characteristics, source characteristics, management characteristics, and treatment incidence. Results imply that several pen characteristics impact death loss and that …
Farm Management Practices Used By Wheat Producers In The Western Great Plains: Estimating Their Productivity And Profitability, Jeffrey Vitale, Pilja Park Vitale, Francis Epplin, Kris Giles, Norm Elliott, Frank Peairs, Paul Burgener, Sean Keenan, Gerald Michels, Gary Hein
Farm Management Practices Used By Wheat Producers In The Western Great Plains: Estimating Their Productivity And Profitability, Jeffrey Vitale, Pilja Park Vitale, Francis Epplin, Kris Giles, Norm Elliott, Frank Peairs, Paul Burgener, Sean Keenan, Gerald Michels, Gary Hein
Journal of Applied Farm Economics
Changes in government farm programs and the introduction of new technology offer wheat producers in the western Great Plains a variety of management practices to alleviate biotic and agronomic constraints inherent in a wheat monoculture. Producers have adopted alternative tillage systems, crop diversification, and insect-resistant varieties in response to the hot, semiarid growing conditions and increased pest pressure. The objective of this study was to determine if those practices generated positive impacts on wheat yield and corresponding net returns. Panel data collected from a group of 141 producers over a four-year period (N = 564) were analyzed using econometric models. …
Improving Beef Cattle Profitability By Changing Calving Season Length, Christopher N. Boyer, Andrew P. Griffith, Ky G. Pohler
Improving Beef Cattle Profitability By Changing Calving Season Length, Christopher N. Boyer, Andrew P. Griffith, Ky G. Pohler
Journal of Applied Farm Economics
We determined the impacts of calving season length on net returns and variability in net returns for spring-and fall-calving herds in Tennessee. Weaning weight as a function of calving date was estimated using a 19-year data set and simulation models generated distributions of net returns for 45-, 60-, and 90-day calving periods with and without using hypothetical improved reproductive management (IRM) practices. Shortening the calving period from 90 days increased expected net returns in the spring-and fall-calving herds. The 45-day fall-calving period with IRM maximized profits, but an extremely risk-averse producer would select a 45-day fall-calving period without IRM.
Financial Implications From Contracting Avian Influenza In A U.S. Broiler Operation, Jordan M. Shockley, Tyler Mark, Kenneth H. Burdine, Levi Russell
Financial Implications From Contracting Avian Influenza In A U.S. Broiler Operation, Jordan M. Shockley, Tyler Mark, Kenneth H. Burdine, Levi Russell
Journal of Applied Farm Economics
This essay evaluates the on-farm financial impacts of an avian influenza outbreak on a U.S. commercial broiler operation. It investigates how the timing and length of the outbreak impacts farm financial performance for two different farmers, beginning and experienced. Results indicate that a beginning farmer is more susceptible to significant financial losses. Both farmers are financially impacted more when avian influenza is contracted early in the investment and when the contamination and eradication of the virus was prolonged. Furthermore, this essay highlights the problems of using standard financial measures for analyzing disease outbreaks under production contract arrangements and presents alternative …
Annual Net Returns To Cover Crops In Iowa, Alejandro Plastina, Fangge Liu, Wendiam Sawadgo, Fernando E. Miguez, Sarah Carlson, Guillermo Marcillo
Annual Net Returns To Cover Crops In Iowa, Alejandro Plastina, Fangge Liu, Wendiam Sawadgo, Fernando E. Miguez, Sarah Carlson, Guillermo Marcillo
Journal of Applied Farm Economics
Despite the active promotion of cover crops as a key conservation practice, their adoption is very limited. We developed a series of partial budgets based on a statewide survey of Iowa farmers to evaluate the changes in net returns resulting from the incorporation of cover crops into a corn or soybean production system. The average net returns to cover crop use for farmers who did not use cover crops for grazing livestock or forage were consistently negative across different planting and termination methods, tillage practices, and experience levels. Only farmers who used cover crops for grazing livestock or forage and …
Economic Impact Of Beef Cattle Best Management Practices In South Texas: Stocking Strategies During Drought, Alan M. Young, Megan K. Clayton, Joe C. Paschal, Steven L. Klose
Economic Impact Of Beef Cattle Best Management Practices In South Texas: Stocking Strategies During Drought, Alan M. Young, Megan K. Clayton, Joe C. Paschal, Steven L. Klose
Journal of Applied Farm Economics
In a drought situation, forage is normally reduced due to lack of adequate moisture. Moreover, the availability of hay may become limited, and hay prices often escalate. Cow-calf producers are faced with the integral decision to maintain their herds and supplemental feed or reduce the herd to minimize feeding requirements and costs. The management decision to maintain versus destock can significantly impact producer profits and financial position. This paper illustrates the financial implications of alternative management stocking strategies in a drought situation optimizing profitability of ranching operations.
Demographic Influences On Nonadoption Of Calf Management And Marketing Practices For Cow-Calf Operations, Stephanie Schumacher, Derrell S. Peel, Kellie Curry Raper
Demographic Influences On Nonadoption Of Calf Management And Marketing Practices For Cow-Calf Operations, Stephanie Schumacher, Derrell S. Peel, Kellie Curry Raper
Journal of Applied Farm Economics
Though research indicates that many calf management and marketing practices are available to add value for the cow-calf producer, a high percentage of producers are still nonadopters of such practices. Little information identifies nonadopters in the beef cattle industry, limiting efforts to provide educational support. This study uses a binomial logit model and primary survey data to examine the demographic influence on producers’ nonadoption of commonly recommended value-added management and marketing practices specific to feeder calves in the cow-calf segment.
Short-Term Asset And Debt Choice And U.S. Corn Farm Liquidity, Sarah Stutzman, Todd Hubbs
Short-Term Asset And Debt Choice And U.S. Corn Farm Liquidity, Sarah Stutzman, Todd Hubbs
Journal of Applied Farm Economics
The liquidity positions of U.S. corn farms over the period 2002–2013 is examined using Agricultural Resource Management Survey (ARMS) data and calculating the average annual working capital to gross revenue (WC/GR) ratio for farms within the 25th percentile, median, and 75th percentile. The relationship between liquidity and land ownership, farm size, and the composition and level of short-term farm asset and debts by category are compared across farms within the 25th, 25th–75th, and 75th WC/GR ratio percentile. We find that, on average, farms in the 75th WC/GR ratio percentile owned a greater portion of their operated acres and maintained both …
Financial Vulnerability Of Midwest Grain Farms: Implications Of Price, Yield, And Cost Shocks, Shasha Li, Michael Boehlje
Financial Vulnerability Of Midwest Grain Farms: Implications Of Price, Yield, And Cost Shocks, Shasha Li, Michael Boehlje
Journal of Applied Farm Economics
Recent years have witnessed increasing volatility in crop prices and yields, fertilizer prices, and farm asset values. In this study, the financial performance of illustrative Midwest grain farms with different scales, tenure status, and capital structures was examined under the shocks of volatile crop prices, yields, fertilizer prices, farmland value, and cash rent. Illustrative farms of 550, 1,200, and 2,500 acres were constructed reflecting the production activity for these farms with three different farmland ownership structures (15%, 50%, and 85% of land owned) and two capital structures measured by debt-to- asset ratio (25% and 50%). Absolute measures and financial ratios …
Price Relationships Between Calves And Yearlings: An Updated Structural Change Assessment, Glynn T. Tonsor, Emily Mollohan
Price Relationships Between Calves And Yearlings: An Updated Structural Change Assessment, Glynn T. Tonsor, Emily Mollohan
Journal of Applied Farm Economics
This article updates and extends the understanding of U.S. feeder cattle price determinants. Structural change in the summer of 2008 was identified, with both calf and yearling markets adjusting to become substantially more sensitive to changes in corn and expected live cattle prices. The impact of live cattle price expectations on feeder cattle prices is three or more times larger than the same proportional impact of corn price, and this relative impact has increased since 2008. Price spreads between calves and yearlings are also found to be more sensitive to input and output price changes than individual cattle price series. …