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Full-Text Articles in Social and Behavioral Sciences
Dnr Proposes Three Republican River Dry-Year Options, J. David Aiken
Dnr Proposes Three Republican River Dry-Year Options, J. David Aiken
Cornhusker Economics
On June 30, 2009 an arbitrator concluded that Natural Resource District (NRD) ground water plans are insufficient to keep Nebraska in compliance with the Republican River Compact (RRC) settlement in dry years. The September 30, 2009 Cornhusker Economics explored the significance of the arbitrator’s decision. In October, the Nebraska Department of Natural Resources (DNR) proposed three possible dry year plans that would keep Nebraska in RRC compliance. This newsletter explores the DNR proposals.
Baby Boomers: Will They Be Moving To Rural Nebraska?, Cheryl A. Burkhart-Kriesel
Baby Boomers: Will They Be Moving To Rural Nebraska?, Cheryl A. Burkhart-Kriesel
Cornhusker Economics
Baby boomers are doing it again... breaking all the molds and playing havoc with trends. This time it is with migration. Baby boomers, those born between 1946 and 1964, are entering a stage of life when it is predicted that a significant number of them will be moving to rural areas; especially those areas with scenic amenities and low housing costs.
Measuring The Performance Of Cooperative Equity Redemption Plans, Jeffrey S. Royer
Measuring The Performance Of Cooperative Equity Redemption Plans, Jeffrey S. Royer
Cornhusker Economics
Cooperatives differ from other businesses in that they are owned by their patrons and net margins are distributed to patrons on the basis of use instead of capital investment. For financing, cooperatives often rely on allocated equities from retained patronage refunds. Retained patronage refunds are noncash allocations of net margins reinvested in a cooperative by patrons. Under an ideal program of equity formation, equity is held by patrons in proportion to patronage. Each patron’s share of financing the cooperative is equal to the share of benefits received. Equities of former patrons are retired as active patrons take on more of …
No Newsletter - Thanksgiving Holiday
Using Economics Experiments To Understand Patent Licensing Behavior, Rita Abdelnour, Amalia Yiannaka
Using Economics Experiments To Understand Patent Licensing Behavior, Rita Abdelnour, Amalia Yiannaka
Cornhusker Economics
To successfully compete in today’s globalized economy, agribusiness firms need to innovate. Innovation enables firms to produce new and/or differentiated products/services that satisfy specialized consumer demands, and enables firms to generate cost reducing processes to out-compete rivals in domestic and international food markets. Firms will engage in innovative activities if they are able to recoup research and development (R&D) costs and capture innovation rents, so it is critical that they are able to identify the optimal strategies of protecting and profiting from their innovations.
Nxbizsuccess: An Online Business Tool, Marilyn Schlake, Tonia Franklin
Nxbizsuccess: An Online Business Tool, Marilyn Schlake, Tonia Franklin
Cornhusker Economics
Imagine sitting at the kitchen table. You and your friends are discussing the pros and cons of business ideas, what will work and what doesn’t stand a chance. Now imagine a place where you can have the same conversations, but with hundreds of people, online. That is the vision of NxBizSuccess, to add life to ideas, share experiences and knowledge, find resources to make it happen, and to bring together like-minded people who see Nebraska as a great place to start a business.
New 2010 Crop Enterprise Budgets, Roger K. Wilson, Matthew Stockton
New 2010 Crop Enterprise Budgets, Roger K. Wilson, Matthew Stockton
Cornhusker Economics
The 2010 Crop Enterprise Budgets will soon be published. They will be available on the web in two places: the University of Nebraska’s “Crop Watch” website (http://cropwatch.unl.edu) in the Economics and Marketing section, and on the Agricultural Economics website at http://www.agecon.unl.edu.
Defining And Measuring Poverty In Nebraska, Randolph L. Cantrell
Defining And Measuring Poverty In Nebraska, Randolph L. Cantrell
Cornhusker Economics
Data recently released by the Census Bureau estimate that 47.4 million Americans, or about one-insix, are living in poverty. This latest estimate has drawn criticism from some observers who see it as an attempt to artificially inflate the magnitude of poverty in America. The criticism results from a change in methodology that included not just income (the Whitehouse Office of Management and Budget (OMB) poverty threshold for 2009 is $22,050 a year for a family of four), but also made adjustments, taking into account such things as region, out-of-pocket medical expenses and child care costs, that in total add about …
Looming Changes In The Energy Economy, Richard K. Perrin, Adam Liska
Looming Changes In The Energy Economy, Richard K. Perrin, Adam Liska
Cornhusker Economics
Over the next decade or two, the energy sector on which the world economy is based will undergo significant transformations. The fossil fuels on which the industrial revolution was built are on their way out. Nebraskans will face higher energy prices, but they will also produce more energy.
Ohio Livestock Care Standards Board Ballot Issue Two, J. David Aiken
Ohio Livestock Care Standards Board Ballot Issue Two, J. David Aiken
Cornhusker Economics
On November 3, 2009 Ohio voters will vote on Ballot Issue Two, which would establish the Ohio Livestock Care Standards Board. This newsletter discusses Ballot Issue Two and possible implications for Nebraska.
Nebraska To Modify Nrd Dry Year Plans?, J. David Aiken
Nebraska To Modify Nrd Dry Year Plans?, J. David Aiken
Cornhusker Economics
In July, an arbitrator concluded that Nebraska needs to change Natural Resource District ground water plans and cut back irrigation water use in dry-years to comply with the Republican River Basin Compact. This newsletter takes a look at the evolving Republican River dry-year plans.
Market And Welfare Effects Of Mandatory Country-Of-Origin Labeling In The Specialty Crops Sector, Alejandro Plastina, Konstantinos Giannakas
Market And Welfare Effects Of Mandatory Country-Of-Origin Labeling In The Specialty Crops Sector, Alejandro Plastina, Konstantinos Giannakas
Cornhusker Economics
Public Law 107-171 of the U.S. Farm Security and Rural Investment Act of 2002 required country-of-origin labeling (COOL) for beef, lamb, pork, fish, perishable agricultural commodities (fresh and frozen fruits and vegetables) and peanuts. While a goal of this law was to benefit domestic consumers by allowing them to make informed consumption decisions, the effects of COOL on the interest groups involved have been the subject of a heated on-going debate.
Price Discovery In Nebraska Cash Cattle Markets, Matthew Stockton, Roger Wilson
Price Discovery In Nebraska Cash Cattle Markets, Matthew Stockton, Roger Wilson
Cornhusker Economics
Over three quarters of a million head of cattle were sold in livestock auction markets in or near the Nebraska Sandhills during the 2008 market year. These markets range from as far south as McCook, as far north as Valentine, as far west as Ogallala and as far east as Columbus. Each sale is associated with many different expectations by both buyers and sellers. Those expectations engage these stakeholders in a study of the markets. One of the most important questions that many of these market participants want to know the answer to is, “What are the key factors driving …
Agricultural Property And Property Taxation, Bruce Johnson
Agricultural Property And Property Taxation, Bruce Johnson
Cornhusker Economics
One entry sure to win most liars’ contests is the one about the farmer who was asked about his property taxes and he replied “no comment.” Farmers and other owners of agricultural real estate have always grumbled about property taxes. And here in Nebraska, the concern seems to be even more than elsewhere.
California Animal Welfare Initiative Proposition Two, J. David Aiken
California Animal Welfare Initiative Proposition Two, J. David Aiken
Cornhusker Economics
In November 2008, California voters approved Proposition Two, the California Animal Welfare Initiative. This newsletter discusses Proposition Two and possible implications for Nebraska.
Three Counties Saw The Majority Of Nebraska’S Housing Growth 2007 – 2008, Randolph L. Cantrell
Three Counties Saw The Majority Of Nebraska’S Housing Growth 2007 – 2008, Randolph L. Cantrell
Cornhusker Economics
According to estimates released by the Bureau of the Census in August, 2009, Nebraska’s total housing stock increased by 5,529 units between July 1, 2007 and July 1, 2008, an increase of 0.7 percent for the year. This represented an estimated rate of growth in housing stock slightly below the state’s estimated rate of population growth, which was 0.8 percent for the same time period.
Nebraska Republican River Policy Choices, J. David Aiken
Nebraska Republican River Policy Choices, J. David Aiken
Cornhusker Economics
On June 30, 2009 an arbitrator recommended that Nebraska be required to pay Kansas $10,000 for violating the Republican River Settlement, after Kansas had originally requested $72 million in damages. The August 5, 2009 Cornhusker Economics explored the significance of the arbitrator’s decision. This newsletter explores the choices facing the Governor, Unicameral and Republican Basin Natural Resources Districts (NRDs).
The Myth Of The Rational Market: Nudging Each Other Away From Fool’S Gold, Gary D. Lynne
The Myth Of The Rational Market: Nudging Each Other Away From Fool’S Gold, Gary D. Lynne
Cornhusker Economics
A flurry of media commentary and several new books are focused on the recent financial crisis and near economic collapse. A Newsweek article by Zakaria (2009), “Greed is Good (To a Point),” suggests reconsidering the role of greed in capitalism. This is also the theme in Fools Gold (Tett, 2009), a story about the way derivatives markets have evolved: showing greed at its worst. In many ways this is the core source of the current set of problems. In some sense, these perspectives are integrated in The Myth of the Rational Market by Fox (2009), who traces the thinking on …
Nebraska Wins First Round In Republican River Dispute, J. David Aiken
Nebraska Wins First Round In Republican River Dispute, J. David Aiken
Cornhusker Economics
On June 30, 2009 an arbitrator recommended that Nebraska be required to pay Kansas $10,000 for violating the Republican River Settlement, after Kansas had originally requested $72 million in damages. This newsletter explores the significance of the arbitrator’s decision.
Making An Acre Decision For 2009, Bradley Lubben
Making An Acre Decision For 2009, Bradley Lubben
Cornhusker Economics
The initial sign-up period for 2009 farm commodity programs and the choice between the new ACRE (Average Crop Revenue Election) program and the existing DCP (Direct and Counter-Cyclical Payment) program is quickly winding down. But as the current August 14 deadline approaches, producers know more and more about the potential safety net provided under the ACRE program, and have a better opportunity to analyze the economics of choosing ACRE versus the DCP program before visiting their USDA Farm Service Agency (FSA) office.
High Plains Ag Lab Rotations Show Fallow Still Works In Western Nebraska, Paul Burgener
High Plains Ag Lab Rotations Show Fallow Still Works In Western Nebraska, Paul Burgener
Cornhusker Economics
The High Plains Ag Laboratory (HPAL) in Sidney, Nebraska is the dryland research site for the University of Nebraska located in the Panhandle. In addition to the typical small plot agriculture experiment areas, there is a significant dryland production area. There are a total of 718.5 acres in production, divided into 27 individual fields, ranging from the smallest unit at 19.7 acres to the largest at 36.7 acres. Within these fields there are presently seven different crop rotations, each with winter wheat as the base crop, including everything from the traditional wheat-fallow system to a continuous cropping system.
Margin Requirement Impacts On Live Cattle Futures Hedges, Yi Liu, Darrell R. Mark
Margin Requirement Impacts On Live Cattle Futures Hedges, Yi Liu, Darrell R. Mark
Cornhusker Economics
All buyers and sellers of futures contracts have to post margin money through their brokers to act as a performance bond. This margin money financially secures their position and protects the party on the opposite side of the transaction from default. Generally, the margin requirement for a futures contract is established at a level close to the maximum amount that any short or long trader could lose in any one-day trading period because each day the account is “marked-to-the-market” and the daily gain or loss is reflected in the account balance at the end of the day. The maximum amount …
Energy Issues In 2009 Unicameral, J. David Aiken
Energy Issues In 2009 Unicameral, J. David Aiken
Cornhusker Economics
Net metering and wind leases were two important energy issues addressed in the 2009 Nebraska Unicameral legislative session.
Agricultural Economics: The Year In Review, Alan E. Baquet
Agricultural Economics: The Year In Review, Alan E. Baquet
Cornhusker Economics
Undergraduate programs continue to be a mainstay for the Department of Agricultural Economics. In an ongoing effort to match our offerings with the market demands for our graduates, we have implemented four new options in the Natural Resources and Environmental Economics major. This, combined with the options in the Agribusiness and Agricultural Economics majors allows students to customize their program to meet particular career goals. As a result of diligent efforts by faculty and staff, student enrollment for fall semester 2008 increased by 13.2 percent over the 2007 fall semester. This increase was greater than the College average.
Nebraska Leads In Irrigated Land, Bruce B. Johnson, Ryan Lukassen
Nebraska Leads In Irrigated Land, Bruce B. Johnson, Ryan Lukassen
Cornhusker Economics
Nebraska is #1. According to the most recent U.S. 2007 Census of Agriculture (released in February of this year), Nebraska now has more irrigated farmland than any other state. It is common knowledge to observers of our agricultural economy that our state has been in an irrigation expansion mode for several years. But what may be surprising to many is that simultaneously, other major irrigation areas of the country have witnessed reduced irrigated acreage.
Weather Derivatives As A Potential Risk Management Tool For Irrigators, Ray Supalla, Christopher L. Thompson, Brooks Neely
Weather Derivatives As A Potential Risk Management Tool For Irrigators, Ray Supalla, Christopher L. Thompson, Brooks Neely
Cornhusker Economics
Irrigators in the Republican Basin and in parts of the North Platte Basin must learn to incorporate multiple year drought risk into their management plans, as they adapt to the limitations imposed by five-year pumping allocations. A major concern involves the implications of being water-short during the later years of the allocation period, because of an accumulative rainfall shortage or drought. Currently, producers can either ignore the risk of substantially lower incomes if their allocation is exhausted too soon, or reduce the risk by using less water early in the allocation period. The latter approach, however, may substantially reduce the …
Evaluating The Edge: What Are The Impacts?, Marilyn Schlake
Evaluating The Edge: What Are The Impacts?, Marilyn Schlake
Cornhusker Economics
In 2008, the Center for Applied Rural Innovation conducted a comprehensive five-year evaluative study of the NebraskaEDGE program. Two different surveys were sent to former NebraskaEDGE training participants who were enrolled in the EDGE training courses between the Fall of 2002 and Spring of 2007. The objective of the surveys were to: 1) measure changes in participant knowledge and skills as a result of the entrepreneurial training class, and 2) better learn how participants applied their new skills to their businesses and what those impacts were on the businesses.
North Central Risk Management Education Center, Cheryl Griffith
North Central Risk Management Education Center, Cheryl Griffith
Cornhusker Economics
The North Central Risk Management Education Center has been providing program coordination for extension risk management education in the North Central Region since 2001. During this time, nearly five million dollars has been awarded to public, private and non-profit entities to carry out producer-focused, results-based risk management education programs. The North Central Region includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, Ohio, North Dakota, South Dakota and Wisconsin.
Never Let A Crisis Go To Waste, Cheryl A. Burkhart-Kriesel
Never Let A Crisis Go To Waste, Cheryl A. Burkhart-Kriesel
Cornhusker Economics
The phrase, “never let a crisis go to waste” may take frugality to a whole new level! That’s the sentiment of Lynda Applegate, Professor of Business Administration at the Harvard Business School, in a recent on-line article, Building Businesses in Turbulent Times.
Nebraska Nama Big Xii Champs!, Karoline Kastanek, Rosalee A. Swartz, Lance Brown
Nebraska Nama Big Xii Champs!, Karoline Kastanek, Rosalee A. Swartz, Lance Brown
Cornhusker Economics
The University of Nebraska-Lincoln National Agri-Marketing Association (NAMA) Marketing Team brought home the Big XII Championship as a national finalist at the 2009 NAMA Annual Conference held April 14-17 in Atlanta, Georgia.