Business Commons^™

Government Program Decision Analysis In Nebraska At The Farm Level, Tatum R. Brunkow

Department of Agricultural Economics: Dissertations, Theses, and Student Research

The one-year extension of the 2018 Farm Bill until September 30, 2024, has extended several government programs for the 2024 crop year including those in Title I: Commodities. This analysis looks at three different financial scenarios and analyzes five different alternatives for a case farm to select the optimal farm program decision for the operation by evaluating net farm income. Since 2021, eligible producers have been able to elect either Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) for their operation on an annual basis. Support levels for these programs are trending close together making the election decision more …

Irrigation-As-A-Service For Smallholder Farmers, Ishani Lal

Department of Agricultural Economics: Dissertations, Theses, and Student Research

Irrigation is a crucial management practice that can help increase food security among smallholders globally while mitigating climate change impacts. High-efficiency irrigation technologies such as drip kits and sprinkler systems are relatively expensive and smallholder farmers cannot afford them to buffer crop yields against low precipitation. In many developing countries, farmers participate in robust informal markets for renting and sharing of irrigation equipment. Such services may be operated by farmers or via a third party such as irrigation start-ups, water user associations, non-governmental organizations, or even government agencies. These services are referred to collectively as Irrigation-as-a-Service (IaaS).

The objective of …

Cecl For Financial Institutions: An Analysis Of The Scale Method, Jared Stauffer

Department of Agricultural Economics: Dissertations, Theses, and Student Research

Released by the Federal Reserve Bank in June of 2021, the Scaled CECL Allowance for Loss Estimator (SCALE) is meant to assist community banks implementing the new Current Expected Credit Loss (CECL) accounting standard. The efficacy of this method is important to community banks and financial institutions considering the use of SCALE to estimate expected future losses. Using quarterly Call Report data, two separate analyses of the SCALE method are conducted. First for qualifying community banks and second for Farm Credit Services of America, an agricultural credit association within the Farm Credit System. For the first quarter of 2022, both …

What Is The Value Of Ethanol To Nebraska Corn Producers?, Austin Harthoorn

Department of Agricultural Economics: Dissertations, Theses, and Student Research

In this thesis, we examine the role of local ethanol plants on net price received by Nebraskan corn growers, with net price comprised of the grain buyer’s bid onsite less the transportation cost incurred through delivery. As each farm operation is uniquely located between different sets of grain buyers, an ethanol plant impacts each grower’s net price to a different degree, depending on location. Exploring this, we use grain bid and transportation cost data based on actual ethanol plants, grain elevators, and sample farm locations in Nebraska, estimating the diversely located corn grower’s net prices received from surrounding grain buyers. …

Causal Forest Approach For Site-Specific Input Management Via On-Farm Precision Experimentation, Shunkei Kakimoto

Department of Agricultural Economics: Dissertations, Theses, and Student Research

Estimating site-specific crop yield response to changes to input (e.g., seed, fertilizer) management is a critical step in making economically optimal site-specific input management recommendations. Past studies have attempted to estimate yield response functions using various Machine Learning (ML) methods, including the Random Forest (RF), Boosted Random Forest (BRF), and Convolutional Neural Network (CNN) methods. This study proposes use of the Causal Forest (CF) model, which is one of the emerging ML methods that comprise “Causal Machine Learning.” Unlike previous yield-prediction-oriented ML methods, CF focuses strictly on estimating heterogeneous treatment effects (changes in yields that result from changes in input …

Essays On The Designs And Benefits Of Land Conservation Programs, Badri Khanal

Department of Agricultural Economics: Dissertations, Theses, and Student Research

This dissertation analyzes the policy designs and economic benefits of a land conservation practice called prairie strips. The first chapter investigates the impact of policy designs on individual household preferences. The study measures the value that Iowa residents place on the ecosystem services of prairie strips and determines if that value changes under different policy designs. The policy design treatment varies in who runs the program and who has enrollment priority. The willingness to pay (WTP) for ecosystem services is estimated using stated preferences from a choice experiment. Results indicate significant public support for expanding and funding the prairie strips …

Impacts Of Crop Insurance And Intra-Season Hedging On Long-Run Net Income Risk, Kara Zimmerman

Department of Agricultural Economics: Dissertations, Theses, and Student Research

Each year producers must make risk management decisions early in the growing season when many variables are unknown. In this thesis we create an empirical model utilizing thirty years (1989-2018) of historical yield, cost, and daily price series data, to determine the optimal risk management strategy of crop insurance and an intra-season marketing plan that will both minimize net income risk and maximize average net income. The empirical model is taken a step further to include an out-of-sample year in order to test the robustness of empirical results to financially devastating events that have never been seen. We test the …

Economically Optimal Nitrogen Side-Dressing Based On Vegetation Indices From Satellite Images Through On-Farm Experiments, Qianqian Du

Department of Agricultural Economics: Dissertations, Theses, and Student Research

Optimal N fertilizer rates for corn (Zea mays L.) vary substantially within and among fields, and by corn growth stages. Improving N side-dressing management can improve fertilizer use efficiency, farmers’ profitability, and the sustainability of crop production. The objective of this study is to introduce a framework along with a methodology that can find the site-specific economically optimal N rates (EONRs) within one field for a particular growing season. An on-farm experiment was conducted in the 2019 corn growing season. A base N rate was applied uniformly on the field. NDRE images from the Sentinel-2 satellite were observed during …

Nebraska Cow-Calf Operations: Use Of Pricing Tools And Market Diversification Strategies To Manage Market Risk, Logan Kalkowski

Department of Agricultural Economics: Dissertations, Theses, and Student Research

This thesis is the work of Logan Kalkowski with assistance and direction from the University of Nebraska-Lincoln and advisors Jay Parsons and Elliott J. Dennis. This thesis is divided into three chapters. The first chapter of this thesis investigates years of research and data collection from multiple agencies to find connections to reasoning for producers to choose marketing and diversification tools used in their operation.

The second chapter examines cow-calf marketing and risk management practices in Nebraska. Marketing and risk management behavior are examined by using the University of Nebraska-Lincoln Cow-calf survey data collected in 2016. The survey captures characteristics …

How Does Identifying As Gluten-Free Impact Information Choice Regarding The Gluten-Free Diet?, Pratiksha Baishya

Department of Agricultural Economics: Dissertations, Theses, and Student Research

The market for gluten-free products is a multi-billion-dollar industry in the United States and has seen tremendous growth in the recent years. The retail sales of gluten-free foods in the United States almost tripled between 2011 and 2015, although rates of diagnosed gluten-related health problems have not risen. In addition to people who suffer from Celiac Disease, Wheat Allergy and Non-Celiac Gluten Sensitivity, there is a category or people known as PWAG (people who avoid gluten) who seem to have significantly contributed to this boom in the market for gluten-free foods. With more people choosing to adopt the gluten-free diet, …

The Economic Evaluation Of Input Use Prescription Maps: Are You Paying To Make Less Profit?, Grant Edward Gardner

Department of Agricultural Economics: Dissertations, Theses, and Student Research

Variable Rate Prescriptions used by farmers to apply agricultural inputs are largely privatized and are normally seen only by the farmer that applies the prescription and the consultants whom create the prescription maps. Farmers need a way to evaluate the prescriptions that are being applied to fields. This paper explores modeling techniques which could be applied by farmers to determine the profitability of a particular consultant. Regression modeling is used on field trials which have been divided into site-specific management zones (SSMZ) based on a consultant’s variable rate prescriptions. Production functions are created for each management zone. The production functions …

Modeling And Economic Analysis Of A Crop-Livestock Production System Incorporating Cereal Rye As A Forage, Eric R. Coufal

Department of Agricultural Economics: Dissertations, Theses, and Student Research

This thesis consists of two chapters using agent-based modeling for a crop-livestock production system incorporating human labor. The first chapter examines the principles used to develop a fundamental simulation pertaining to grazing cereal rye (Secale cereal L.) with calves. Within the software guidelines, the base model has the ability to capture diverse system interactions between livestock/plants and land management with human labor efficiency. AnyLogic incorporates agent-based modeling while combining with discrete event modeling and system dynamics. The purpose of the model was to find the economic returns of grazing cover crops relative to the area of Mead, Nebraska. In our …

Has The Usage Of Precision Agriculture Technologies Actually Led To Increased Profits For Nebraska Producers?, Michael H. Castle

Department of Agricultural Economics: Dissertations, Theses, and Student Research

An ever-increasing global demand for food, coupled with increasingly volatile commodity prices have charged producers with the task of becoming more efficient. As such, technologies aimed at producing more with less are continually being developed and marketed to producers. However, whether or not these expensive new technologies have resulted in improved profitability is still unknown, as the vast majority of studies showing their impact on profitability have been performed using hypothetical farms and simulations. These studies have shown the potential for increases in profitability from use, but their impact in the real world is still uncertain.

This project uses various …

U.S. Mushroom Import Demand Estimation With Source Differentiated Aids And Rotterdam Models, Jun Li

Department of Agricultural Economics: Dissertations, Theses, and Student Research

While technically considered as fungi, mushrooms are often classified as vegetables because they provide many of the nutritional attributes of produce as well as meat, beans, and grains. The U.S. is the largest consumer of mushrooms and the share of imports in total consumption of mushrooms has been rising and will likely continue to rise as U.S. consumers increasingly adopt healthier diets. While most of U.S. fresh mushroom imports are from Canada, China, Mexico and South Korea, most of U.S. canned mushroom imports are from China, India, Indonesia, and the Netherlands.

The contribution of this thesis is to provide the …

Three Essays On Biofuels, Drought, Livestock, And The Environment, Sunil P. Dhoubhadel

Department of Agricultural Economics: Dissertations, Theses, and Student Research

This dissertation consists of three essays. The first essay examines the impact of the 2012 drought and the biofuels mandate on the U.S. grain and livestock markets. A stochastic equilibrium displacement model is used to analyze the impact on eight commodity markets viz. beef, pork, poultry, corn, distillers’ grain (DG), soybean, soymeal, and ethanol. Among the eight markets, corn and beef are found to be the most vulnerable to drought. The use of Renewable Identification Number (RIN) credits as an instrument to mitigate the impact of drought has limited effectiveness. A mandate waiver of about 23% is required to fully …

Replacement Alternatives For Beef Cow Herds: An Analysis Of Retaining Non-Pregnant Cows, Trenton T. Bohling

Department of Agricultural Economics: Dissertations, Theses, and Student Research

A non-pregnant cow is a liability to a producer. Over the last four years, cow-calf producers have had an increased number of non-pregnant cows due to factors like environmental conditions and diseases like trichomoniasis. While most research has indicated that culling a non-pregnant female and replacing the cow with retained heifers, purchased heifers, or purchased cows are the only economic alternatives, recent trends in the cattle market have suggested that keeping a non-pregnant cow may also be an alternative.

Annual beef cow budgets were created based on typical Nebraska Sandhills conditions. Revenues and costs in these budgets vary according to …