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Agricultural and Resource Economics Commons™
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Articles 1 - 14 of 14
Full-Text Articles in Agricultural and Resource Economics
Alternative Annual Forage Crop Options For Northern Great Plains Cattle Producers: A South Dakota Case Study, Md Parvez, Scott Fausti, Thandiwe Nleya, Patricia Johnson, Kenneth Olsen, John Rickertsen
Alternative Annual Forage Crop Options For Northern Great Plains Cattle Producers: A South Dakota Case Study, Md Parvez, Scott Fausti, Thandiwe Nleya, Patricia Johnson, Kenneth Olsen, John Rickertsen
Economics Staff Paper Series
In the Northern Great Plains region, crop and livestock producers view forage crop production as an important component of their farm management system. During periods of increased environmental risk, alternative annual forage crops may provide producers with a risk reducing alternative to traditional forage crops. An alternative forage crop production study (20 varieties) was conducted by South Dakota State University. Production yield data was analyzed using alternative decision making criteria when outcomes are uncertain. Empirical results provide insight on forage crop planting decisions with respect to the importance of optimal harvest timing, and the ranking of alternative forage crops as …
Risk And The Economic Incentive To Retain Ownership Of Steer Calves, Scott Fausti, Brad Johnson, William Epperson, Nancy Grathwohl
Risk And The Economic Incentive To Retain Ownership Of Steer Calves, Scott Fausti, Brad Johnson, William Epperson, Nancy Grathwohl
Economics Staff Paper Series
Retained ownership of steer calves is an investment decision for cow/calf producers. Data collected over a three-year period on 845 steer calves reveals that retaining ownership of steer calves is, on average, profitable. Systematic and unsystematic risks associated with retaining ownership of steer calves are identified. Empirical results indicate that unsystematic risk account for 67% of the variability in the rate of return to retained ownership. Empirical evidence also suggests that retaining ownership is a riskier investment decision than assumed in the earlier literature. This suggests that the lack of enthusiasm for retaining ownership by cow/calf producers is the result …
An Empirical Investigation In To The Factors Influencing The Economic Incentive To Retain Ownership Of Weaned Steer Calves, Scott Fausti, Brad Johnson, William Epperson, Nancy Grathwohl
An Empirical Investigation In To The Factors Influencing The Economic Incentive To Retain Ownership Of Weaned Steer Calves, Scott Fausti, Brad Johnson, William Epperson, Nancy Grathwohl
Economics Staff Paper Series
Marketing and production data collected from weaned calves (628 head) in a university sponsored retained ownership demonstration program are analyzed to identify factors affecting the annualized rate of return when retaining ownership versus selling the calves at weaning. Data were collected on the following characteristics associated with the calves: 1) ranch-of-origin production management practices; 2) feedlot performance; 3) carcass merit; 4) health history; and 5) market prices. Retained ownership until slaughter was more profitable, on average, when compared to selling calves at weaning. The calculated annualized rate of return to retained ownership versus selling calves at weaning averaged 11.5% per …
Does The Producer Have An Incentive To Sell Fed Cattle On A Grid?, Scott Fausti, Bashir Qasmi
Does The Producer Have An Incentive To Sell Fed Cattle On A Grid?, Scott Fausti, Bashir Qasmi
Economics Staff Paper Series
Barriers to the adoption of grid pricing by fed cattle producers are investigated over a 206-week period (Jan. 1997 to Dec. 2000). The empirical findings document: I) when fed cattle are evaluated on a grid pricing system versus a dressed weight pricing system, a price differential per cwt. and a per-head revenue differential exists over time, 2) the price differential per cwt. is subject to seasonal variation which contributes to inconsistent price signals transmitted to producers concerning the market value of carcass characteristics over time; 3) grid revenue per-head variability is consistently higher than dressed weight revenue per-head variability over …
Grid Pricing Versus Average Pricing For Fed Cattle; Milk Production Increasing Faster Than Previously Thought, Bashir A. Qasmi, Scott W. Fausti, Donald L. Peterson
Grid Pricing Versus Average Pricing For Fed Cattle; Milk Production Increasing Faster Than Previously Thought, Bashir A. Qasmi, Scott W. Fausti, Donald L. Peterson
Economics Commentator
No abstract provided.
Grid Pricing Versus Average Pricing For Fed Cattle; Milk Production Increasing Faster Than Previously Thought, Bashir A. Qasmi, Scott W. Fausti, Donald L. Peterson
Grid Pricing Versus Average Pricing For Fed Cattle; Milk Production Increasing Faster Than Previously Thought, Bashir A. Qasmi, Scott W. Fausti, Donald L. Peterson
Economics Commentator
No abstract provided.
Feedlot Manure Nutrient Loadings On South Dakota Farmland, Donald Taylor, Diane Rickerl
Feedlot Manure Nutrient Loadings On South Dakota Farmland, Donald Taylor, Diane Rickerl
Economics Staff Paper Series
A key determinant of whether livestock manure is an asset or liability in agricultural production and to society more generally is the amount of manure produced relative to the nearby farmland area to which the manure can be economically transported for application. The objectives of the study reported in this article are to (1) estimate levels of manure nutrient (nitrogen = N and phosphorus = P) loadings on the cropland and rangeland associated with 78 feedlot farm operations in South Dakota and (2) determine factors, including size-of-feedlot and cropland hectarages, associated with cropland N and P loadings for the feedlots …
Structural Changes In Cattle Feeding: S.D. Versus Neighboring Major Cattle Feeding States; Livestock Outlook, Donald C. Taylor, Gene Murra
Structural Changes In Cattle Feeding: S.D. Versus Neighboring Major Cattle Feeding States; Livestock Outlook, Donald C. Taylor, Gene Murra
Economics Commentator
No abstract provided.
The Effects Of Uncertainty On Market Structure: The South Dakota Slaughter Cattle Market, Scott Fausti, Dillon Feuz
The Effects Of Uncertainty On Market Structure: The South Dakota Slaughter Cattle Market, Scott Fausti, Dillon Feuz
Economics Staff Paper Series
In terms of population and income, South Dakota is a small, rural state relative to the rest of the nation. South Dakota's 1992 Gross State Product (GSP) was roughly 12 billion dollars, which implies South Dakota contributes .2% toward U.S. Gross Domestic Product (GDP). The agricultural sector of the South Dakota economy contributed approximately 10% to GSP in 1992. The beef industry is the largest agricultural subsector in the state. In 1992, it generated 1.3 billion dollars in marketing revenue and produced approximately 41% of agriculture's contribution to GSP. The importance of the beef industry to the South Dakota's economy …
Beef Cattle Producer "Sustainability" And "Organic” Indices, Donald Taylor, Dillon Feuz
Beef Cattle Producer "Sustainability" And "Organic” Indices, Donald Taylor, Dillon Feuz
Economics Staff Paper Series
This paper covers one component of a research project aimed at exploring the sustainability of beef cattle production in South Dakota. In this exploratory research, farmers/ranchers who follow alternative "near-organic" production practices are being studied in relation to farmers/ranchers who follow "mainstream" production practices. The study is being accomplished through comparisons of four "matching" pairs of "near-organic" and "mainstream" case study farms/ranches, with the members of each pair being as similar as possible in size-of-operation, types of cattle, natural and economic resources, and overall farm management levels. The comparisons involve both physical and economic measures of production. To determine farmers/ranchers …
Sustainable Beef Cattle Production; Livestock Outlook, Donald Taylor, Gene Murra
Sustainable Beef Cattle Production; Livestock Outlook, Donald Taylor, Gene Murra
Economics Commentator
No abstract provided.
The Impact Of "Arkansas Best" On Forward Pricing; Cattle Outlook, Gene Murra, Gene Murra
The Impact Of "Arkansas Best" On Forward Pricing; Cattle Outlook, Gene Murra, Gene Murra
Economics Commentator
No abstract provided.
Assessing Environmental And Economic Aspects Of Farming; Livestock Outlook, John D. Cole, Burton Pflueger, Gene E. Murra
Assessing Environmental And Economic Aspects Of Farming; Livestock Outlook, John D. Cole, Burton Pflueger, Gene E. Murra
Economics Commentator
No abstract provided.
Oilseed Outlook; Fed And Feeder Cattle Situation And Outlook, Richard Shane, Dillion M. Feuz
Oilseed Outlook; Fed And Feeder Cattle Situation And Outlook, Richard Shane, Dillion M. Feuz
Economics Commentator
No abstract provided.