Agribusiness Commons^™

Managing Market Volatility In 2023, Jay Parsons, John Hewlett, Jeff Tranel

Center for Agricultural Profitability

Current prices for agricultural commodities are strong. The average auction market price in early May for 500–600-pound steer calves in Nebraska was $264 per cwt. Heifer prices were $30 lower, at $234 per cwt. Elevator prices for corn in western Nebraska are in the high $6-per-bushel range. Wheat prices at the elevator are around $8 per bushel. Hay prices are $200 to $300 per ton if you can find it. Severe drought and world market volatilities over the last couple of years have pushed all of these markets higher. Growers and sellers of these commodities are anxious for harvest to …

New Loan Payment Calculator Tool Launched, Jessica Groskopf

Center for Agricultural Profitability

The Center for Ag Profitability has released its Loan Payment Calculator, a web-based tool that makes it easy to calculate annual loan payments. Users must enter the total purchase amount, down payment amount, annual interest rate (APR), duration in years, and the starting year of the loan. The calculator tool allows users to download the payment schedule, also called amortization, as a PDF or CSV file.

Using Breakeven Analysis For Better Decisions, Larry W. Van Tassell

Center for Agricultural Profitability

One of the merits of enterprise budgeting is the value of statistics obtained by producers as they engage in decision-making activities. Some of the easiest and most useful computations that can be obtained from enterprise data are breakeven values. As the name suggests, a breakeven gives the price or yield required for the revenue obtained from the enterprise to equal the costs encumbered to produce that revenue.

The Changing Cost Of Cattle Transportation, Elliott James Dennis

Center for Agricultural Profitability

Diesel is one of the primary inputs in the transportation of goods throughout the United States. Livestock hauling is no exception. Feeder cattle are generally transported long distances in the fall as they move from summer grazing to placement in backgrounding operations or directly into feedlots. Cattle, and other livestock in general, can handle transportation stress fairly well – to a point. Trucking feeder cattle long distances can impact animal health outcomes, and improper animal handling can lead to bruised or injured cattle. These negative impacts can generally be offset by appropriate stocking densities, proper trailer ventilation, correct animal handling …

The Root Of Culture: Human Ritual And The Soils Of West Virginia, Aleece Mount

Masters Theses

The Cumberland Mountains of Southern West Virginia are home to mountaintop removal, with the Guyandotte River watershed exhibiting some of the most extreme examples. The strip-mining practices have removed fertile soil, altered water courses, deeply polluted the land, and stripped people of their wealth – prosperity in happiness and abundance of possessions and resources. This has resulted in some of the nation’s worst health, education, and economic conditions. The communities of this watershed live at the heart of the economic and political forces that undermine community and ecological well-being.

Southern West Virginia has a deep and continued history of living …

How Are Senior Citizens Capable To Cope With The World Of Digital Natives?, Hely Westerholm, Pirjo Takanen-Körperich

International Journal for Business Education

This study discusses the continuously growing threat to the senior citizens*), later called seniors, who can be isolated from the society if their digital competences and experiences are too poor in today’s digital world. It has been noted that to cope with one’s pursuits seniors need to actively construct and maintain their capabilities in ways that are flexible in the world of the digital devices, in response to the changing vicissitudes of life. Thus, the claim above illuminates the issue that the ability to learn from experiences is highly valued in the digital world.

The seniors are obliged to closely …

Economic Impacts Of Investment Facilitation, Edward J. Balistreri, Zoryana Olekseyuk

Yeutter Institute International Trade Policy Review

After the successful adoption of the Trade Facilitation Agreement (TFA) in 2014, investment facilitation is gaining importance as the next policy priority for a plurilateral agreement under the World Trade Organization (WTO). In fact, more than 110 WTO Members aim to conclude the negotiations on the Investment Facilitation for Development (IFD) Agreement by mid-2023 after only three years of formal negotiations. Investment facilitation refers to actions taken by governments designed to attract foreign investment and maximize the effectiveness and efficiency of its administration through all stages of the investment cycle. The IFD agreement focuses on allowing investment to flow efficiently …

How’S It Going With The Cptpp?, Christine Mcdaniel

Yeutter Institute International Trade Policy Review

There is no doubt that the United States is losing out on market access. But one of the original goals of the Trans-Pacific Partnership (TPP) was for a rules-based trading regime in the Pacific, namely rules not written by China. Thanks to Australia and Japan that seems to be happening even with the U.S. no longer at the helm.

The Comprehensive and Progressive Trans-Pacific Partnership or the awkwardly nicknamed CPTPP is a Pacific trading bloc that consists of 11 countries, spanning the Pacific Rim, and includes Malaysia and Chile. The member countries represent 13% of world GDP. Once the UK …

Managing Calf Market Risk With Lrp In 2023, Jay Parsons

Center for Agricultural Profitability

When profit margins are strong, livestock owners have a natural tendency to relax a bit and enjoy the business of producing animals. Expansion may come to mind and effort is often put forth to improve production output. Protecting market price may become a secondary priority. However, a lot can happen between now and marketing time. Price trends can suddenly turn and quite often expectations may not be met. Protecting price should be just as much — maybe more — of a priority when the price outlook is optimistic, as it is in a downward trend. An unprotected, overly optimistic price …

Higher Cattle Prices Are Good But Wide Profit Margins Are Better, Elliott Dennis

Center for Agricultural Profitability

Feeder and fed cattle prices have continued to rise throughout the first part of the year. Reduced cattle supplies and relatively stable beef demand have helped support higher prices. Fed and feeder cattle prices have reached all-time heights, at least nominally. In low inflationary environments comparing nominal prices across time would be less problematic. Contrary to previous sentiments, inflation has not been transitory. Inflation, as measured by the Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index), has increased significantly in the last 3 years (see Figure 1) and thus comparison across years should be done using real prices …

Go Pick Me Out A Winner: Visitor Perceptions And Priorities Regarding Operational Attributes At U-Pick Farms In Western New York, Nicholas Pitas, Ya-Ling Chen

The Journal of Extension

This study seeks to identify visitor priorities for and perceptions of operational attributes at U-pick farms. Using a survey of farm visitors in the Rochester/Finger Lakes region, we applied importance-performance analysis to identify priorities, and the repositioning framework to create strategies for addressing them. Our results indicate that U-pick visitors generally perceive high levels of service quality, especially on attributes that they perceive as most important. Priorities for improvement include produce-related factors (price and availability of specific varieties) and visit logistics (information to plan a visit). Real, psychological, and associative repositioning strategies for Extension professionals and U-pick operators are discussed.

A Probabilistic Exploration Of Food Supplementation And Assistance, Logan Mattingly

Honors College Theses

Food insecurity is a stark threat that grips our country and affects households throughout our country. Dietary insufficiency manifests itself in ways that affect health and public safety. According to researchers, individuals who suffer from food insecurity have a higher risk of aggression, anxiety, suicide ideation and depression. These problems tend to occur unequally distributed among those households with lower income. In this work, an exploratory analysis within these data sets will be performed to examine the socio-economic, biographical, nutritional, and geographical principal components of food insecurity among survey participants and how the US Supplemental Nutrition Assistance Program (SNAP) effects …

Foreign Ownership Of Agricultural Land In The United States: A Case Study Concerning The 2023 Grassroots Policy And Legislative Landscape, Mary Eichenberger

Agricultural Economics and Agribusiness Undergraduate Honors Theses

Historically, foreign ownership of land in the United States has existed for centuries. Many state laws expressly allow for foreign ownership of agricultural land in their state. However, this study will find that a push to amend these laws has begun in recent years in state and federal legislatures. Grassroots member-focused agricultural organizations, representative of the agricultural community, have also seen a shift in member-developed policy. This shift is toward an attitude of concern and increased oversight of foreign land investment. From the data gathered, it can be inferred that public awareness in the agricultural community is increasing concerning foreign …

Solar Grazing As A Possible Vegetation Management Solution: A Budget Analysis, Byron Louk

Agricultural Economics and Agribusiness Undergraduate Honors Theses

A growing response to climate change among agricultural producers is to integrate renewable energy production in their portfolio of enterprises. Nonetheless, land use competition for agricultural production and solar energy production exists. To alleviate some of this competition, and possibly generate income for sheep grazers, photovoltaic (PV) system operators may save on operations and maintenance by grazing forages under solar panels rather than using mechanical or chemical means of vegetation management. “Solar grazing” operations have been shown to be economically feasible for PV system operators who own the land and pay for sheep grazing as a method of vegetation management, …

Understanding The Operations And Decision-Making Of Cow-Calf Farmers In Northwest Arkansas, Clayton Weyl

Agricultural Economics and Agribusiness Undergraduate Honors Theses

Societal pressure on farmers has become a more central part of the rhetoric surrounding livestock production. This study includes farmers in the discourse on the rhetoric surrounding climate change via interviews and simulations tailored to their operation. Previous research has addressed regenerative agricultural practices and conditions that influence farmer decision-making, but little research has analyzed decision-making in tandem with environmental practices. The literature reveals that cow-calf producer decision-making is influenced by their reliance on cattle as an income source, and farmers overall choose climate-friendly practices based on their perceptions about climate change. The goal of this research was to gather …

Ireland V. United States: Agricultural And Environmental Sustainability Policies, Lauryn O'Grady

Accounting Undergraduate Honors Theses

The United States and Ireland have varying practices to achieve similar objectives in regard to environmental sustainability. While the European Union has maintained and updated a uniform policy throughout its existence--the Common Agricultural Policy--the United States instead created short-term solutions to a long-term problem. Not only does the United States tend to solve issues in the short-term, the policies between agricultural production and environmental sustainability are not necessarily aligned or remotely relative to the other. While the United States’ new Global Food Security Strategy implements parts of both agricultural and environmental sustainability, much of the history was not based off …

Environmental And Agricultural Effects On Waterfowl Population In Arkansas, Caleb Sipes, Ellison Stephens, Marissa Young

ATU Research Symposium

This paper discusses some of the positive and negative effects of environmental and agricultural influences on the waterfowl population in the state of Arkansas. Waterfowl hunting has been a prominent source of revenue to the state of Arkansas for many decades. Waterfowl hunting will continue to be prominent in this state in future as long as Arkansans maintain and preserve the natural resources here as well as use our own to further progress the waterfowl industry in Arkansas. Through aerial surveying, requiring hunters to purchase licenses and stamps to legally hunt waterfowl, and conservation efforts from the Arkansas Game and …

Utilization Of Beta-Agonists On The Effects Of Marbling / Fat Deposition In Beef Cattle, Rafael Andrade, Sara Erby, Blaine Holzman

ATU Research Symposium

In the beef industry, producers have tried to find ways to optimize production and performance for the benefit of their beef cattle operations. To do that, if they wished to, they would use modernizing technologies that are available today. With these modern technologies, such as Beta – androgenic agonists, producers have been able to utilize these to see the positive effects of marbling and fat deposition. They act to enhance lean muscle gain, increase growth rate in the animals, and increase feed efficiency without having to use extra inputs, needed supplements, or compensation for gain. By using these technologies, they …

Food Inflation In Pope County, Hayden W. Garrett, Ty C. Gray, Will D. Uchtman, Stephanie M. Littlefield

ATU Research Symposium

Although inflation is cooling off in many sectors of the US economy, food inflation continues to surge, indicating the volatility of the agri-food system. The higher food prices make it difficult for US consumers to afford everyday essential food products. The main objective of this research is to calculate food inflation in the pope county area. We utilized the consumer price index (CPI) to measure the change in prices paid by pope county consumers for food. Our preliminary analyses show that food prices in pope county are easing. Specifically, the food inflation rate in pope county declined in March 2023 …

Avian Influenza In The United States And It's Ramifications On Our Market In The Poultry Industry, Alaini C. Carrington, Jada Trotter, Savannah Sanders

ATU Research Symposium

While researching Avian Influenza (AI) in the United States, we have found that it has significantly impacted 47 states. Four main AI types have an impact on poultry farms. Avian Influenza can be reduced by taking preventative methods such as biosecurity and culling birds to have a healthy flock on the farm. Since 2022 egg-laying hens have been affected by the Avian Influenza Virus, causing egg inventories to become lower. Highly Pathogenic Avian Influenza (HPAI) has affected farmers tremendously; because of this, farmers must worry about their families' source of income, their workers and the workers' families' source of income, …