Agribusiness Commons^™

Farm-Level Financial Decision-Making Methodologies Within A Cow-Calf Enterprise: A Scoping Review, Heidi R. Johnson, Huiting Huang, Brenna Grant

Journal of Applied Farm Economics

Beef cow-calf enterprises face unique financial challenges, requiring methodologies to assess management and technology adoption decisions’ costs, revenues, and profitability. This scoping review synthesizes research on farm-level financial assessment methods specific to cow-calf operations aiming to adopt a new practice or technology. A literature search was conducted to capture various methodologies, examining studies published between 1960 and 2024. A total of 372 articles were screened for eligibility; 61 articles met the defined inclusion criteria. Eight economic and financial methodologies were identified: break-even analysis, cost effectiveness, gross margin, enterprise analysis, partial budgeting, cost-benefit analysis, financial feasibility and net present value, and …

Cost Effects Of Adding Poultry To Organic Vegetable Production Systems In California, Iowa, And Kentucky, Kwanele Magwaba, Alejandro Plastina, Ajay Nair, Maurice Pitesky, David J. Gonthier, Anne Carey, Faye Duan, Viktor Halmos

Journal of Applied Farm Economics

This study evaluates the economic viability of integrating poultry into organic vegetable crop rotations over three years in Kentucky and Iowa and two years in California. Given the growing global demand for food and heightened environmental awareness, understanding the financial implications of such integrated systems is crucial. Our comprehensive experiment compared integrated poultry-vegetable rotations with vegetable-only systems, assessing costs, revenues, and key factors influencing profitability. While integrating poultry reduced vegetable production costs by up to 10% in some cases, overall system costs increased due to high poultry expenses. Break-even poultry prices averaged $8/lb for low-density systems and $7 for high-density …

An Analysis Of Cover Crop Adoption In Southeastern Row Crop Systems: Benefits, Challenges, And Policy Implications, Madison H. Mccay, Yangxuan Liu, Alejandro Plastina, Guy A. Hancock, Amanda R. Smith

Journal of Applied Farm Economics

Cover crops, utilized by producers to provide seasonal soil cover between cash or forage crop cycles, play a significant role in diversifying crop rotations and enhancing environmental sustainability. This research aims to assess the economic impact and farmer perceptions of cover crop adoption in the southeastern United States, particularly in Georgia, Alabama, and Florida. Producers show interest in adopting cover crops with increasing awareness of their benefits, such as improved soil health, water quality, weed suppression, and reduced soil erosion. Despite these advantages, adoption rates are hindered by economic challenges. A survey conducted from January to March 2021 gathered data …

Are Returns From Commercial Farming Heterogeneous? Case Of Wheat Growers In North India, Saroj Verma, Kirtti Ranjan Paltasingh, Phanindra Goyari

Journal of Applied Farm Economics

Contract farming (CF), generally a commercial farming system, is widely perceived as a welfare enhancement strategy in rural areas where agriculture is the major source of livelihood. However, those welfare implications have not been adequately explored in Indian agriculture. So, this study examines the returns to CF and the heterogeneity in their returns across various groups of wheat growers in Haryana, a leading agrarian state in India. Using an endogenous switching regression model on cross-sectional data of 754 farm households, the study found that CF adopters would lose 27% of their gross margins and 11% of their crop output if …

Learning Food Supply Chains Through Generative Ai – Tips, Techniques, And Student Perceptions, Subbu Kumarappan, Urmila Pal Chaudhuri

National Collaborative for Research on Food, Energy, and Water Education (NC-FEW)

The classroom pedagogies are evolving significantly with Generative Artificial Intelligence (GenAI). The students in a Food Supply Chains class completed a project for various agricultural products describing 12 factors and 7 supply chain principles. They reflected on the use of GenAI and how it impacted their knowledge and critical thinking skills. The students scored GenAI high on ‘relevancy, diverse topics, significance, and sufficiency;' the repeated use of GenAI for food supply chains enabled them recognize the importance of sustainability and ESG factors in the management of natural resources. There were differences in students use and benefits with GenAI use.

Farm Resilience, Management Practices, And Producer Sentiment: Segmenting Us Farms Using Machine Learning Algorithms, Margaret Lippsmeyer, Michael Langemeier, James R. Mintert, Nathan Thompson

Journal of Applied Farm Economics

Farm managers possess a broad spectrum of capabilities, ranging from tech-savvy, strategically focused managers to those grappling with operational challenges. Our study examines survey data from 403 US commercial producers in order to identify subsets of producers who differ in terms of resilience, management practices, producer sentiment, and other farm characteristics. Utilizing various supervised and unsupervised machine learning techniques, we uncover key farm characteristics that capture the most pronounced variations in survey responses. We then cluster the dataset using these key variables, maximizing separation between clusters and minimizing differences within clusters using Ward’s hierarchical clustering. Fisher’s exact tests are implemented …

Financial Impact Of Beef Cow Culling: Canadian Analysis, Heidi R. Johnson, Eric T. Micheels, Kathy A. Larson

Journal of Applied Farm Economics

Culling decisions within beef production systems are not reversible, and as such, data can help decision-makers double-check heuristics to avoid costly mistakes. In this essay, we use financial methods to examine cow culling decisions, evaluating their impact on overall herd profitability. To do so, we use production and financial data from 16 “typical farms” within the Canadian Cow-Calf Cost of Production Network to explore the financial impact of different culling strategies. This essay builds on prior literature by using Canadian data, as there may be differences in costs and productivity across production regions. We identify four culling scenarios that vary …

Autonomous Roadside Mower Testing And Evaluation In Digital Twin Environments, Michael Mardikes, Ethan Brown, Timothy Wiegman, Nathan Sprague, Shreyas Supe, J. T. Evans

Graduate Industrial Research Symposium

Modern day roadside mowing operations in Indiana are performed by contractors operating tractors that pull flex-wing mowers. These mowing operations span over 11,000 miles of road across the state and create serious risk for human operators. Autonomous mowers can provide a safer alternative, but a replacement system must demonstrate an acceptable level of trust before large-scale deployment. A high-fidelity digital-twin environment can facilitate the capability to rapidly test and evaluate platforms in their desired application, while enabling zero real-world risk, a wide range of test variables, and repeatability of a test setup. The simulation environment must be at a level …

Microfinancing And Entrepreneurship In Cocoa Refinement In Côte D’Ivoire, Erin Soro

The Journal of Purdue Undergraduate Research

No abstract provided.

Expanding On Basis Risk Estimates For Pasture, Rangeland, And Forage Insurance, Ryan Feuz, Ryan Bosworth, Ryan Larsen, Royce Larsen, Sean Klein, Matthew W.K. Shapero, Devii R. Rao, Lynnedee Althouse, Karl Striby

Journal of Applied Farm Economics

Basis risk or residual risk arising from disparity between an index’s estimate of losses and actual losses is inherent in index-based insurance products. We approximate basis risk as the false negative probability (FNP) within pasture, rangeland, and forage (PRF) rainfall index insurance for the south-central coastal region of California. We estimate the FNP on average that at least one of two selected coverage intervals will fail to provide an indemnity when a loss is realized at 48%. The average FNP is reduced to only 11% when considering whether both selected intervals fail to provide an indemnity when a loss is …

A Decision-Support System For Economic Feasibility Of Subsurfaced Poultry Litter, Tim J. Stults, Michael P. Popp

Journal of Applied Farm Economics

Cattle (Bos spp.) producers routinely spread fertilizer or broadcast poultry (Gallus gallus L.) litter to improve forage production. With poultry litter widely available across the southeastern United States and being a cheaper source of plant nutrition than commercial fertilizer when proximal to application sites, the novel application of litter below the soil surface, while costly, allows for greater nutrient retention than broadcasting. Since quantifying costs and benefits of subsurfaced litter is complex, we develop and present a decision support spreadsheet for automated farm-scale model comparisons across modes of nutrient management. We compare subsurfaced litter to commercial fertilizer and broadcast litter …

Impacts Of Urbanization On Costs Of Production And Land Use In The Central Southern Seaboard: A Farm-Level Analysis, Richard F. Nehring, Kenneth Erickson, James M. Harris, Charlie Hallahan, Ani Katchova, Flavius Badau

Journal of Applied Farm Economics

This study uses stochastic production frontier (SPF) and DEA frontier methods to estimate the impact of urban influence on the cost of production for traditional corn/soybeans farms in the Southern Seaboard (excepting Virginia and Alabama). We hypothesize that urban influence decreases the technical efficiency of these farms. Although states in this region are not entirely subject to urban influence, some parts of states in this region are highly urbanized. We find that farmers in urban-influenced locations are less technically efficient than farmers in rural locations in the region examined. During 2002-2014, stochastic production frontier and DEA frontier procedures indicate that …

Annual Net Returns To Cover Crops In Iowa, Alejandro Plastina, Fangge Liu, Wendiam Sawadgo, Fernando E. Miguez, Sarah Carlson, Guillermo Marcillo

Journal of Applied Farm Economics

Despite the active promotion of cover crops as a key conservation practice, their adoption is very limited. We developed a series of partial budgets based on a statewide survey of Iowa farmers to evaluate the changes in net returns resulting from the incorporation of cover crops into a corn or soybean production system. The average net returns to cover crop use for farmers who did not use cover crops for grazing livestock or forage were consistently negative across different planting and termination methods, tillage practices, and experience levels. Only farmers who used cover crops for grazing livestock or forage and …

The Value And Feasibility Of Farming Differently Than The Local Average, Cooper Morris, Kevin Dhuyvetter, Elizabeth A. Yeager, Greg Regier

Journal of Applied Farm Economics

The purpose of this research is to quantify the value of being different than the local average and feasibility of distinguishing particular parts of an operation from the local average. Kansas crop farms are broken down by their farm characteristics, production practices, and management performances. An ordinary least squares regression model is used to quantify the value of having different than average characteristics, practices, and management performances. The degree farms have distinguished particular parts of their operations from the average, and how consistently they distinguish their cost, yields, and prices from the average are also analyzed. Farms’ relative size, workers …

Impact Of Automated Guidance For Mechanical Control Of Herbicide-Resistant Weeds In Corn, Terry Griffin, James M. Lowenberg-Deboer

Journal of Applied Farm Economics

This study evaluated the feasibility of reintroducing mechanical weed control as an alternative for herbicide-resistance weed infestations. The production practice tested included row cultivation with a separate banded spray application using high-accuracy automated guidance systems. A range of ground speeds were tested for the row cultivation operation, each with a different per acre cost and timeliness penalty. A typical eastern Corn Belt farm with a rotation of corn and soybean served as the base for the linear programming model. It was found that if the farmer was willing to reintroduce tillage, row cultivation conducted at higher operating speeds in conjunction …

How Much Is That Farm Really Worth—A Comparison Of Three Land Purchase Decision Tools, William M. Edwards

Journal of Applied Farm Economics

Volatile markets for farmland have created interest in tools that can help analyze land investments (Zimmermann, 2014). Extension specialists in several states have created some valuable decision aids that have been utilized by prospective investors, rural appraisers and real estate brokers. Agricultural educators can also use them for teaching the principles of real estate valuation.

Among the land purchase decision aids that are currently available are KSU-Landbuy from the AgManager.info website at Kansas State University (Dhuyvetter & Kastens, 2013), Farmland Purchase Analysis from the Ag Decision Maker website at Iowa State University (Edwards, 2015), and Land Purchase Analysis from the …

Gdd(Growth Degree Day) Module For Vinsense Visual Analytics System, Pradeep K. Lam, David Ebert , Phd, Jiawei Zhang

The Summer Undergraduate Research Fellowship (SURF) Symposium

Limited resources and increasing costs require vineyards to develop optimized methods of planting, growing, and harvesting crops in order to ensure max yield and stay competitive in the marketplace. Data from sensors planted within the soil paired with weather reports and observation data from farmers could help develop competitive farming strategies. While automatic computation models are usually a black box that cannot explain how the input data are transformed into output, the farmers require an approach that allows them to interactively manipulate and supervise the computation process. The VinSense project was developed for this purpose. In this paper, we focus …

Indiana Council For Economic Education, Jeff Sanson

Purdue P-12 Networking Summit & Poster Session

The Indiana Council for Economic Education (ICEE), a center in the Department of Agricultural Economics prepare students to become active citizens and productive members of our economy by providing them with the ability to make sound economic and financial decisions.

This poster provides a summary of activities conducted throughout Indiana.

Aridity, Bert Chapman

Libraries Faculty and Staff Scholarship and Research

Provides an overview of how aridity in the American West has influenced that region's economic, environmental, and political development and U.S. Government policies in this region.

Agriculture, U.S. Department Of, Bert Chapman

Libraries Faculty and Staff Scholarship and Research

Provides a succinct organizational history of the U.S. Department of Agriculture (USDA) and its impact on the American West.

Subsidies, Agricultural, Bert Chapman

Libraries Faculty and Staff Scholarship and Research

Provides historical and contemporary information on U.S. Government agricultural subsidies and how they affect agricultural policy in the Western U.S.

The Arguments Of Agriculture: A Casebook In Contemporary Agricultural Controversy, Jan Wojcik

Purdue University Press Books

The Arguments of Agriculture presents the major issues, questions, and conflicting opinions of influential policymakers and critics concerning the role and future of modern agriculture. The author urges the reader to weight and consider all positions and supplies a primer in the basic arguments of agriculture. Each chapter begins with a series of hypothetical cases that illustrate the range of theoretical issues discussed in the chapter. The next section analyzes the basic issues, and the section entitled "Review" summarizes and contrasts the opinions of a number of prominent critics. Each chapter concludes with a list of recommended readings.