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Full-Text Articles in Agriculture
Impact Of Automated Guidance For Mechanical Control Of Herbicide-Resistant Weeds In Corn, Terry Griffin, James M. Lowenberg-Deboer
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 …
Do Profitable Farms Remain Profitable? Transition Probabilities Using Markov Switching Models Applied To Kansas Farm Data, Jayce S. Stabel, Terry Griffin, Greg Ibendahl
Do Profitable Farms Remain Profitable? Transition Probabilities Using Markov Switching Models Applied To Kansas Farm Data, Jayce S. Stabel, Terry Griffin, Greg Ibendahl
Journal of Applied Farm Economics
Financial vulnerability has been observed across agricultural production regions; however, uncertainty regarding farms’ persistence within specific profitability categories exists. This study compared farm characteristics that persist in most and least profitable categories and then evaluated the probability that farms transitioned among profitability categories. Using 425 Kansas Farm Management Association (KFMA) farms that were present for the 20-year period 1994–2013, the persistence of remaining or transitioning to another profitability category was tested. Specifically, Markov transition probabilities were estimated for Kansas and the six regional KFMA regions. Comparisons of farms that persist in the highest and lowest profitability categories revealed no dramatic …
Application Of The Adjusted Weak Axiom Of Profit Maximization To New Zealand Dairy Farming, Anne E. Dooley, Nicola M. Shadbolt, Koohyar Khatami, Loren W. Tauer
Application Of The Adjusted Weak Axiom Of Profit Maximization To New Zealand Dairy Farming, Anne E. Dooley, Nicola M. Shadbolt, Koohyar Khatami, Loren W. Tauer
Journal of Applied Farm Economics
The weak axiom of profit maximization is a nonparametric, empirical approach that has been used in the United States to analyze dairy farmers’ production and profit behavior under input and output price changes to determine whether farmers effectively respond to these changes. The expectation is that profit calculated using the current year’s input and output combination will be greater than that calculated from the previous year’s combination with current prices more often than due to chance. This approach was replicated using New Zealand dairy farm data (1,785 pairs of records over five years). Current year’s profits were significantly greater in …
Succession Planning And Perceived Obstacles And Attractions For Future Generations Entering Beef Cattle Production, Lee L. Schulz, Georgeanne M. Artz, Patrick J. Gunn
Succession Planning And Perceived Obstacles And Attractions For Future Generations Entering Beef Cattle Production, Lee L. Schulz, Georgeanne M. Artz, Patrick J. Gunn
Journal of Applied Farm Economics
This study provides valuable insights into cow-calf producer and feedlot operator succession plans for transferring cattle operations upon exiting the industry. Across both cow-calf producers and feedlot operators, about 50% expect to be raising cattle for 10 more years or less; however, about 39% of these producers do not have a succession plan in place. Cow-calf producers view a rural lifestyle, self-employment, working with livestock, and working with family as the biggest attractions to future generations entering beef cattle production. Cow-calf producers view environmental regulations, land tax policy, and expansion of corn and soybean acres as the biggest obstacles. Feedlot …