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Full-Text Articles in Social and Behavioral Sciences
Optimizing University Managed Resources For South Dakota Public Universities: A Simulation Approach, Michael Holbeck, David Chicoine
Optimizing University Managed Resources For South Dakota Public Universities: A Simulation Approach, Michael Holbeck, David Chicoine
Economics Staff Paper Series
A simulation analysis demonstrates the use of tuition as a policy tool to achieve financial independence among the six South Dakota public universities under University Managed Resources (UMR). The simulation analysis maintains an overall environment of funding stability and is guided by horizontal equity, a concept from the economics of public finance that all entities of the same or similar situation are treated similarly. Financial independence, within the simulation analysis, is defined as an annual budgeting process with no reallocation of financial resources among or between the six universities. For each of the three indicators of horizontal equity simulated, achieving …
Farmland Leasing In South Dakota 2011: Emphasis On Share Lease Arrangements, Nelly Bourlion, Larry Janssen, Burton Pflueger
Farmland Leasing In South Dakota 2011: Emphasis On Share Lease Arrangements, Nelly Bourlion, Larry Janssen, Burton Pflueger
Economics Staff Paper Series
Farmland leasing is an important source of capital and method of controlling land resources in production agriculture allowing land owners and tenants flexibility to enhance, maintain or expand their income-generating capacity. In this report, we (1) provide information on the importance of farmland leasing in South Dakota, and (2) update information on crop-share leasing and hay-share leasing arrangements in South Dakota, based on a survey conducted in 2011. Farmland leasing is important in South Dakota where over 70% of farm operators are involved in farmland leasing and nearly two-fifths of agricultural land acres are leased. Leased farmland acres comprise even …
Uncertainty And Producer Fed Cattle Marketing Decisions: Theory And Evidence, Scott Fausti, Brent Lange
Uncertainty And Producer Fed Cattle Marketing Decisions: Theory And Evidence, Scott Fausti, Brent Lange
Economics Staff Paper Series
The effect of carcass quality uncertainty on the structure of the slaughter cattle market is investigated. A theoretical extension of the “Theory of Factor Price Disparity” is provided. It is demonstrated that the coexistence of a risk premium wedge between pricing mechanisms (live wt., dressed wt., and grid) in conjunction with varying degrees of risk aversion across fed cattle producers explains the coexistence of multiple pricing mechanisms. It is also demonstrated that risk and risk preference provides a plausible explanation for the structure of the fed cattle market and for the variability in slaughter volume across marketing channels. Empirical evidence …