Agriculture Commons^™

Potential Of Mechanical Grain Dryers In Addressing Exposure Of Rice Farmers To Weather Risks, Hernaiz Malanon, Zenaida Sumalde

The Philippine Agricultural Scientist

Weather risks brought by prolonged rainfall and cloudy days hamper grain drying operations in the Philippines as majority still employ the sun drying method, which limits the opportunity of rice farmers to earn a higher income. While mechanical dryers are considered an important adaptation mechanism to address weather risks, more research needs to be done on their benefits and their disadvantages. This study adapted the Inter-governmental Panel on Climate Change (IPCC) concept which equates hazard, exposure, and vulnerability to quantify risk. Hazard was assessed in terms of the probability of four straight rainy- or cloudy-day occurrences based on a 30-year …

How Do Usda Announcements Affect International Commodity Prices?, Andrew M. Mckenzie, Yangmin Ke

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Our event study results show that Chinese soybean futures and to a lesser extent Chinese corn futures react to the release of World Agricultural Supply and Demand Estimate reports. Second, using a copula based Conditional Value at Risk (CoVaR) approach we find strong evidence that risk spillovers from U.S. to Chinese futures markets are much larger on report release days than on pre and post-release days. In addition, our results indicate that risk spillovers from U.S. to Chinese futures markets, irrespective of trading day, are asymmetric in nature, with upside risk spillovers much higher than downside risk spillovers.

Mora De Castilla: Cadena De Valor Para Contribuir A La Competitividad De La Provincia Del Sumapaz En Cundinamarca (Colombia, Nelson Enrique Fonseca Carreño

Ciencias Administrativas, Económicas y Contables

La cadena de valor es un instrumento utilizado en las empresas que consiste en analizar las actividades presentes en el ciclo productivo de un producto, con el propósito de identificar fuentes de ventaja competitiva. Bajo esta premisa, esta investigación pretende diagnosticar, caracterizar y diseñar la cadena de valor de la mora de Castilla (Rubus claucus) en la provincia de Sumapaz, Cundinamarca, a través de metodologías de diagnóstico. Se tuvo en cuenta el Modelo de desarrollo agroempresarial de la Cámara de Comercio de Bogotá (CCB), el cual identifica, caracteriza y define las necesidades de todos los agronegocios involucrados en la cadena …

Importance Of Good Communications For Generational Ag Business Transfers, Allan Vyhnalek

Cornhusker Economics

Adapted from Right Risk, volume 10, Issue 10, October 2022.

Effective communication within a farm or ranch family, especially when multiple generations are operating and managing the business, is the underpinning of all other decisions made in a family business. It is critical that farm and ranch families identify areas of contention and develop communication skills that will allow them to negotiate satisfying outcomes. This may involve basic skills training, including communication, problem solving, and decision making.

Impact Of Rma’S Projected Price On Prevent Planting Claims, Nicolas Enrique Alvarez Mena

LSU Master's Theses

This research studies the presence of ex-post moral hazard in the prevent planting provision from the crop insurance program in cotton, corn, and soybeans for the Plains Region and Southeast Regions of the U.S. Three fixed effect models are developed using the proportion of prevent plant acres as the dependent variable, as well as weather, input price, expected harvest price and a break-even point for the independent variables. In addition, a fourth fixed effect (FE) model is introduced using the logit transformation and the same variables as in previous models. The results show the number of PP claims has been …

Innovation In Futures Markets: Event Contracts, Speculation, And Hedging, Fabio Mattos

Cornhusker Economics

The CME Group has recently launched a new type of contract whose payoffs are based on specific events. These contracts are called event contracts but are also known as prediction contracts or information contracts. They are short-term contracts that expire at the end of each trading day. Traders can take positions in these contracts as they predict whether the price of a given asset will finish the trading day above or below a set value.

Discusses: How are they traded? Main characteristics of event contracts. Event contracts offered by CME group and event examples on October 21, 2022. Why were …

Factors Associated With Attracting Business And Industry To Selected Black Belt Counties Of Alabama, Andrew Zekeri

Professional Agricultural Workers Journal

There is limited recent research on the economic development strategies that local officials, state, and federal governments are employing in rural Alabama. To better understand these strategies, the data were collected from local community officials in two rural Alabama counties. The objectives are to examine what efforts are being used, and what resources are available for economic development efforts. Data were analyzed using hierarchical regression analyses to test the hypothesis that past community action and community solidarity variables can contribute to a higher probability of recruiting business and industry than will be predicted by the ecological characteristics of the communities …

Impact Of Selected Factors On Farm Income For The Alabama Black Belt Counties And Non-Alabama Black Belt Counties, David Nii O. Tackie

Professional Agricultural Workers Journal

The study examined the impact of selected factors on farm income in the Alabama Black Belt Counties (ABBCs) and Non-Alabama Black Belt Counties (NABBCs). Data were obtained from the 2017 Census of Agriculture and analyzed using ordinary least square regression analysis. The results revealed that for the ABBCs, average size of farms, government payments, and average farm production expenses significantly affected average cash farm income (ACFI); for the NABBCs, median size of farms, government payments, and average farm production expenses significantly affected ACFI. Furthermore, for the ABBCs, average size of farms, government payments, and total farm production expenses significantly impacted …

Abridged Submission Guidelines

Professional Agricultural Workers Journal

No abstract provided.

Historical Corn Price Evolution Implications For Pre-Harvest Hedging, Cory Walters, Richard K. Preston

Cornhusker Economics

Commodity markets evolve through information provided by participating buyers and sellers and throughout this process the conditions in which commodity markets work are revealed. Producer pre-harvest commodity marketing can be further developed by incorporating information on how commodity markets work, leading to better farm financial performance.

We investigate how commodity markets have historically evolved from spring to fall. While changes in future prices appear random in any given year, observing average daily prices over 32 years could uncover a seasonal tendency. In the past 32 years, the average daily price tends to be higher in the spring than the fall, …

New Cooperative Approaches: Successes And Opportunities, Charlotte Narjes

Cornhusker Economics

The National Cooperative Business Association CLUSA International states that there are 40,000 co-ops in the United States that range in size. Examples of cooperatives include the local Ace Hardware (purchasing cooperative) to Land O' Lakes. Cooperative businesses operate across virtually all industries, or sectors. The most common cooperative in Nebraska is the agricultural cooperative. According to the Nebraska Cooperative Council ag facts, in June 2020 there were 401 cooperatives located across the state providing jobs and services in many rural communities. In addition, there are over 64,400 farmers and ranchers that are voting members of Nebraska cooperatives with many members …

On The Market For "Lemons": When Low Quality Does Not Drive High Quality Out Of The Market, Konstantinos Giannakas, Murray E. Fulton

Cornhusker Economics

In a research article published in Nature's Humanities and Social Sciences Communications (available at https://www.nature.com/articles/s4l 599-020-00658-w) we identify the conditions under which the introduction of a low -quality product does not drive its high-quality counterpart out of the market but, instead, ends-up coexisting with it. Using a theoretical framework of heterogeneous consumers and producers in the context of a market for quality- ( or vertically-) differentiated products supplied by producers differing in their production efficiency, we show that the equilibrium quality configuration in a market depends on both the unobservability of product quality by consumers and the relative costs …

Don't Let The Past Sink Your Future, Timothy Meyer

Cornhusker Economics

Decision scientists have many algorithms for making decisions. These algorithms can be qualitative and subjective, such as following a 7-step process, to highly quantitative procedures like minimax regret, or linear programming. These techniques are very different from each other, but in one way they are very similar; they never, ever suggest the manager become emotional and use past decisions to guide the future.

Past decisions and events should guide decision-making. They help managers assign probabilities as well assessing performance. Viewing these events and situations as permanent paths is where sunk costs become problematic.

Includes discussions of four scenarios.

“Hadithi Ya Matunda”: The Informal Fruit Economy On Unguja Island: A Study Of The Livelihoods Of Smallholder Producers, Intermediaries, And Sellers, Daisy Kettle

Independent Study Project (ISP) Collection

This is the story of fruit on Unguja Island. It illuminates the livelihoods of farmers, intermediaries, and sellers and each of their roles in the island’s fruit commodity chain. Linkages between these actors are known to play increasingly important roles in agricultural economies across the world due to their ability to create “multiplier effects” through networks of non-farm income opportunities (Wineman, 2020). Through interviews with 19 Zanzibaris who work in this trade network, I learned about the intricacies of these networks. My data revealed that the fruit flow chain on Unguja creates a network of extensive backward and forward economic …

Characteristic Of Turkey Registered Geographical Indications (Gi) Of Food And Agricultural Products In Regions, Nihan Akdemir, Aykut Simsek

University of South Florida (USF) M3 Publishing

Geographically Indications (GI) is as a niche market for countries, creates value-added and has a strong link with origin and cultural heritage. The aim of this study is to examine registered GI products that can be considered as gastronomically in Turkey in terms of regions and product groups determined by the Turkish Patent and Trademark Office. For this purpose, the Turkish Patent and Trademark Office Geographical Indications Portal (www.ci.turkpatent.gov.tr) was examined in depth, based on the descriptive scanning model. As a result of the examinations, it has been seen that Turkey has 825 registered GI of food and agricultural. It …

The Storm In World Fertilizer Markets Continues, John C. Beghin

Cornhusker Economics

This article updates the recent article on world fertilizer markets by Beghin and Nogueira (2021), which noted the perfect storm affecting global fertilizer markets through high demand, droughts affecting fertilizer supply, high fossil energy prices, COVID 19-related supply-chain disruptions, and trade policies, all conspiring to elevate fertilizer nominal prices to levels not seen since 2008. In the last 10 months, the Ukraine-Russia war and associated trade sanctions have exacerbated the disruptions in fossil energy, grain, vegetable oil, and fertilizer markets already present in 2021. On the more hopeful side, some United States trade policy developments will help reduce US fertilizer …

Setting The Stage For The Next Farm Bill Debate, Bradley D. Lubben

Cornhusker Economics

The 2018 Farm Bill is set to expire in September 2023. New farm bill legislation will be needed by then if authority is to be extended for a wide range of programs from farm support to conservation, nutrition assistance, credit, trade promotion, rural development, research and education, and more.

The agricultural committees in Congress have already held initial hearings and many agricultural and other interest groups have noted their policy priorities. However, formal debate on a new farm bill is not expected to begin in earnest until early 2023 when a new session of Congress convenes.

While the formal debate …

Disagreements And Proper Respect In Farm/Ranch Succession, Allan Vyhnalek

Cornhusker Economics

Adapted from "Does Disrespect Have a Place in Your Ag Legacy?" Volume 6, Issue 1, February 2021, Ag Legacy, by Caleb Carter, consultant to the Department of Agricultural and Applied Economics in the University of Wyoming College of Agriculture and Natural Resources.

Briefly covers disagreements and proper respect in farm/ranch succession.

The Future Of Crispr Gene Editing According To Plant Scientists, Job De Lange, Lawton Lanier Nalley, Wei Yang, Aaron Shew, Hans De Steur

Agricultural Economics and Agribusiness Faculty Publications and Presentations

This study surveyed 669 plant scientists globally to elicit how (which outcomes of gene editing), where (which continent) and what (which crops) are most likely to benefit from CRISPR research and if there is a consensus about specific barriers to commercial adoption in agriculture. Further, we disaggregated public and private plant scientists to see if there was heterogeneity in their views of the future of CRISPR research. Our findings suggest that maize and soybeans are anticipated to benefit the most from CRISPR technology with fungus and virus resistance the most common vehicle for its implementation. Across the board, plant scientists …

Improving Australia’S Containerised Grain Exports, Ross Kingwell, Scott Mckay, Peter White Dr

Research Reports

This report provides an overview of Australia’s containerised grain export supply chains and compares them to Australia’s bulk grain supply chains. The report outlines the main broad ways in which Australia’s containerised grain supply chains can be improved by investment, policy or regulatory change and education.

Flexible Cropland Lease Arrangements Across Nebraska In 2022, Jim Jansen, Jeffrey Stokes

Cornhusker Economics

Survey results shown and discussed in this report are findings from the University of Nebraska-Lincoln's 2022 Nebraska Farm Real Estate Market Survey. Complete results from the survey may be found at the Nebraska Farm Real Estate website: http://cap.unl.edu/realestate.

Western Australia's Bulk And Containerised Grain Exports In A National Context, Ross Kingwell, Dipesh Maharjan

Research Reports

This report describes containerised and bulk grain exports from Western Australia and all other main grain-producing Australian states. The types of grain, their export volumes and destinations, since 2011-12 until 2021-22 are described.

Societal Sustainability: Projects To Address The Three Dimensions Of A Sustainable Future, Braden K. Bateman

Graduate Theses and Dissertations

Sustainability is an important, commonly discussed societal goal regarding assurance of resources for the world to be able to enjoy a prosperous future. Three primary dimensions of sustainability include environmental, economic, and social sustainability, and objectives for various projects can be aimed at any of the three dimensions to pursue societal sustainability. Solar installations, which can be used to pursue environmental and economic sustainability, convert abundant sunlight to electricity, displacing fossil fuel use that contributes harmful greenhouse gases to the atmosphere. The regulatory environment at the state level has a significant impact on the feasibility of solar projects. At present, …

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 …

Who Owns This? Ways That Property Can Be Owned And Transferred In Nebraska, Jessica Groskopf, J. David Aiken

Cornhusker Economics

Discusses ways that property can be owned and transferred in Nebraska in the context of farm management in Nebraska, United States.

Use Of Livestock Risk Protection Insurance For Cattle Continues To Grow, Jay Parsons

Cornhusker Economics

When used as a regular part of a market risk management plan, livestock risk protection (LRP) insurance can help protect profits in years where markets turn for the worse. The recent changes to the program have made LRP insurance more appealing to cattle producers and sales of LRP have subsequently increased dramatically. Strong price increases may make LRP unnecessary, but it is difficult to predict when the price increases will end. LRP insurance is a safety net, reducing downside price risk by providing a floor on national price expectations while also allowing producers to take advantage of higher national prices …

The Farm And Ranch Hired Labor Market, Larry Van Tassell

Cornhusker Economics

The historical causality between increased agricultural mechanization and reduction in farm labor is a well-known relationship. The reduction in both family and hired farmworkers on U.S. farms from 1950 to 2000 is presented in Figure 1. In 1950, the nearly 10 million farm labor force was composed of 23.5% hired farm workers. In 2000, the last year this data was available, farm labor had reduced to 3.19 million workers and was comprised of 35.4% of those workers being hired. The reduction in total farm workers and the trend of reduced farm labor and a relative increase in hired farm labor …

Perceptions And Readiness Of Foodservice Establishments At The Onset Of The Covid-19 Pandemic In Metro Manila And Region Iv-A, Philippines, Von Ryan M. Ebron, Irma U. Danao, Marie Faye R. Nguyen- Orca, Anna Teresa O. Orillo, Joyce P. Parco

Journal of Economics, Management and Agricultural Development

The study evaluated the perceptions and readiness of food business operators about COVID-19 through an online survey with respondents from Metro Manila and Region IV-A. Generally, they are knowledgeable about COVID-19 and its transmission, as reflected in their scores. The same is true about their attitude towards “new normal” practices. Years of operation, asset size, and continued operations and delivery services showed significant positive correlation with attitude scores. The resilience of some food business operators may be attributed to having more resources that enabled them to carry the added costs of what the new normal foodservice practices entailed. New normal …

Total Factor Productivity In Dairy Buffalo Milk Production In Nueva Ecija, Philippines, Zadieshar G. Sanchez, Antonio Jesus A. Quilloy, Nora Dm. Carambas, Mark Dondi M. Arboleda

Journal of Economics, Management and Agricultural Development

This study analyzed the total factor productivity in dairy buffalo milk production in Nueva Ecija, Philippines. Specifically, it aimed to identify the factors that affect dairy buffalo milk production and analyze technical efficiency, scale efficiency, and technological change as sources of TFP growth. Panel data was established by gathering data from randomly selected dairy buffalo milk producers in Nueva Ecija for the years 2017 and 2020. The stochastic frontier analysis was applied to a Cobb-Douglas production function with an inefficiency effects model. It was found that the statistically significant factors of milk production were cows, forage areas, and dairy feeds. …

Do Philippine Stocks Catch Coronavirus? Some Econometric Check-Up On Pandemic Data, 2021-2022, Mark Reniel M. Amarila, Luisito C. Abueg

Journal of Economics, Management and Agricultural Development

Using daily data from March 1, 2021 to March 31, 2022, the USD-PHP exchange rate and pandemic-related variables such as the number of cases, vaccinations, and stringency index in relation to the movements of Philippine Stock Exchange index (PSEi) were investigated. The paper views vaccination as an instrument for reducing economic uncertainty, subsequently providing a positive sentiment for investors and stock market. Ordinary least squares, autoregressive distributed lags, and vector autoregression was used to show some dynamics based on time series data. Particularly, there are indications of reported cases being negatively correlated and statistically significant for PSEi. Further, impulse response …