Agriculture Commons^™

Community-Centered Climate Resilience Strategies For Agriculture In Chile's Los Lagos, Asa B. Stone, Cristián Kremer F., Mark C. Stone

Cornhusker Economics

Community-centered approaches using the SETS framework facilitate equitable community-academia partnerships that co-create climate resilience strategies. By integrating local insights with academic research ethically and equitably, PLL aims to develop evidence-based, culturally relevant, and technologically feasible strategies. This holistic approach not only enhances community resilience but also ensures the sustainable management of water resources in the Los Lagos Region.

Agri-Technology Transforming Farms And Ranches Across Nebraska, Shannon Sand

Cornhusker Economics

In summary, agri-tech is reducing the demand for traditional farm and ranch labor in Nebraska while creating new opportunities in technical, analytical, and management roles. As Nebraska maintains its leadership in agri-tech, there will be a growing need for a tech-savvy and versatile agricultural workforce.

Place Branding: More Than Just A Logo, Marilyn R. Schlake

Cornhusker Economics

Place branding can distinguish one community from another. In a landscape of locations that provide the same amenities, environments, and opportunities, branding can help a community “stand out.” However, what is usually missing is a place brand developed in association with the community’s history, values, social connections, and organization associations that have evolved.

Small Beef-Packer Resilience During The Covid-19 Pandemic: Evidence And Policy Implications, Azzeddine Azzam, Sunil P. Dhoubadel, Binod Khanal

Cornhusker Economics

As part of a larger research project on the economics of beef supply chain resilience to natural disasters, financed in part by a grant from the USDA National Institute of Food and Agriculture, we obtained information from 289 processing plants across the United States about their operations during the peak COVID-19 period of March to June 2020 via a telephone survey. We collected data on plant type (slaughter, processing, both), the dominant livestock processed by the plant (predominantly beef, pork, poultry, and sheep/goat), plant capacity (maximum and typical capacity in slaughter head/day), age of establishment, and, whether the plant ceased, …

Financial Analysis, Tina N. Barrett

Cornhusker Economics

The investment in a financial analysis can seem like a painful task of gathering information but the information it provides gives you invaluable information about your operation, especially when you don’t want to see it. I was once told a producer didn’t want to do the analysis anymore because the information made it hard to sleep at night. While not knowing maybe helped him sleep then, the problems that were being highlighted by the analysis didn’t go away and eventually caught up to him.

The Costs Of Ecosystem Disturbances, E. Wesley F. Peterson

Cornhusker Economics

Presents an illustration of the interdependencies inherent in natural ecosystems. An ecosystem may be defined as: “… a single environment and every living (biotic) organism and non-living (abiotic) factor that is contained within it or characterizes it. An ecosystem embodies every aspect of a single habitat, including all interactions between its different elements” (Knapp 2020). In such interdependent systems, removal of one or more of the essential “elements” can severely disrupt the functioning of the system and such disruptions can give rise to negative impacts on the environment and human health and well-being.

Trucks, Trains, And Barges: For Brazilian Soybeans, It’S Not Your Grandpa’S Infrastructure Anymore, Fabio Mattos

Cornhusker Economics

In the popular movie “Planes, Trains & Automobiles”, the tagline said, “Steve Martin had no reason to panic… until John Candy came along”. In the soybean market, we could say, “We had no reason to panic… until Brazil came along”. Brazil has been rapidly growing its soybean production for the last 30 years and has recently become the largest exporter in the world. In 2024/25, USDA estimates that Brazil will account for 58% of soybean exports worldwide, followed by the United States with 28%. These are roughly the numbers for 2023/24 and 2022/23 as well.

Still, despite the massive growth …

Your Sco/Eco Policy Under The Hood: What County Yield Is The Rma Using?, Cory Walters, Ken Harrison, Connor Whalen

Cornhusker Economics

Over the past decade, crop insurance has continued to expand contract offerings through new area-based policies. Supplemental Coverage Option (SCO) was introduced in the mid-2010s. Enhanced Coverage Option (ECO) was introduced in the early 2020s, and Margin Protection (MP) was introduced in the mid-to-late 2010s. The ECO premium subsidy was recently increased for the 2025 crop year to further encourage producer participation. Both the SCO and ECO programs have experienced increased participation for a variety of reasons.

How To Communicate Your Estate Plan To Family When Dividing Assets Unequally, Anastasia Meyer

Cornhusker Economics

Provides a guide on how to effectively approach estate planning conversations with family members.

Effectively communicating an estate plan with unequal division of assets can be challenging, but approaching it with honesty, clarity, and empathy can help prevent misunderstandings and family disputes. Open, respectful dialogue—paired with thoughtful explanations and transparent documentation—ensures that your family understands your intentions and feels valued, even when tough decisions are involved.

Ultimately, your goal isn’t just to pass down financial assets, but also to preserve family harmony and, where applicable, secure the future of a viable business. By fostering open communication, you can create a …

The Economics Of The ‘Buy Local’ Trend, Susweta Ray, Konstantinos Giannakas

Cornhusker Economics

The results of our study underline the significance of the explicit consideration of consumer and producer heterogeneity and the size and type of the locality when analyzing the market and welfare impacts of the ‘Buy Local’ trend. In addition to providing important new insights on the market and welfare impacts of the ‘Buy Local’ trend, our analysis can also provide a valuable theoretical grounding for empirical studies aimed at quantifying the economic impacts of the trend in different food product markets as well as the impact of current and emerging policies affecting the markets for local foods.

Why Tariffs Are A Tax On American Consumers, Timothy Meyer

Cornhusker Economics

Summary

The takeaway from this article should be that tariffs are a political tool, not an economic one. They do raise prices and revenue, but not as much as advertised (by either side).

At its core, Economics is the study of how scarcity is solved. That is, how limited resources are best utilized. Time and time again, Adam Smith’s idea that the invisible hand of markets would guide us to welfare-maximizing solutions, largely through specialization and trade. It’s why most of us specialize in one career and trade our hard-earned money for goods and services instead of producing them at …

Climate Smart Agriculture, J. David Aiken

Cornhusker Economics

There are several programs encouraging producers to reduce their carbon intensity, including United States Department of Agriculture climate-smart agriculture programs, the 2024 Nebraska Climate Action Plan, and the 2024 Nitrogen Reduction Incentive Act. The hope is that producers with lower carbon intensity (CI) scores will receive a premium for their products. Producers would be well advised to learn more about these programs, as reducing carbon intensity in agriculture seems to be an emerging agricultural policy trend that will be with us for some time to come.

Why Is Workforce Development Such A Big Deal Now?, Cheryl A. Burkhart-Kriesel

Cornhusker Economics

For those linked to agriculture or agri-business, you are not only dealing with the national constraints of the current workforce, but if you are involved specifically in production agriculture, you are also hit by the changing size and scope of on-farm workforce trends. These are just a few of the reasons why workforce development in general, and especially in the agricultural sector, is a big deal now.

How Much Green To Keep The Garden Clean? An Analysis Of The Willingness To Pay (Wtp) Of Home Gardeners For Biowrap Technology, Gengchen Cai, Kanij Fatema, Karina A. Schoengold

Cornhusker Economics

A research team from the University of Nebraska-Lincoln, Kansas State University, and South Dakota School of Mines are working on creating an alternative product that would use locally available materials to create a spray-on, biodegradable polymer that can suppress weeds and will biodegrade in a timeframe that is amenable to crop production. We broadly refer to this technology as BioWRAP (Bioplastics with Regenerative Agricultural Properties).

Our results show that the home garden market is potentially a significant one for a BioWRAP product. Continued work in the development of the BioWRAP technology is necessary to determine what the cost of a …

Cover Crop Utilization Across Nebraska And Implications For Cropland Lease Arrangements In 2024, Jim Jansen, Jeffrey Stokes

Cornhusker Economics

The Nebraska Farm Real Estate Market Survey and Report 2023-2024 provides insight on recent trends in the market value of land and cash rental across the state. Each year, the special feature section covers topics on new or emerging issues related to the agricultural land industry in Nebraska. These topics reflect the interest expressed by panel members and readership of the Nebraska Farm Real Estate Market Highlights Reports. The special feature section in 2024 focuses on trends and considerations for cover crops across Nebraska and implications on lease arrangements.

Findings from the 2022 Census of Agriculture in Table 1 provide …

Working Capital And Cash Flow Tools To Improve Farm Business Performance, Matthew Stockton

Cornhusker Economics

The point of this short essay is to briefly review the need and purpose of both tools, hoping that such a review will help farm managers and operators use them to reach their higher potential and improve their businesses and lives. Working capital represents the businesses’ ability to deal with short-term conditions and its resilience conferred upon it as a result of past performance in accumulating liquid assets. The cash flow document provides the ebb and flow of liquid assets during the normal cycle of doing business, providing recognizable events, plans that can be scrutinized, and identifiable challenges. These tools, …

Conservation Decision Making And Agricultural Land Leasing - An Experimental Investigation Of The Role Of Gender, Diya Ganguly, Simanti Banerjee, Christopher Gustafson

Cornhusker Economics

This research investigated the impact of landowner gender and of the different types of contract leases offered by them to a male tenant, on the conservation (or non-conservation) choice made by the tenant. Specifically, we investigate if a) female and male landowners offer different rental contracts and b) whether tenants choose different actions based on the landowner’s gender. For this purpose, we implemented a controlled, gender-context-loaded economic experiment with university students, in which we tested contract and land use choice under different treatments for three types of rental contracts – fixed rent, fixed rent with penalty, and fixed rent with …

Information About Honey Fraud: Implications Of Information Choice For Consumer Behavior, Christopher R. Gustafson

Cornhusker Economics

The study highlights that standard research practice—exposing participants to information—may not capture what will happen outside of the lab when people have a choice about what to read, view, or do with their time. While we found that having participants read about honey fraud significantly shifted their willingness to pay for local and domestic versus imported honey, we did not find those changes when people were able to select a text to read.

The implications of these findings extend beyond the issue of honey fraud to broader contexts of food safety, nutrition, and production techniques. While people have preferences for …

Ideas For Estate And Transition Planning: Gifting Ownership, Jessica J. Groskopf

Cornhusker Economics

For many farm and ranch families, bringing children or grandchildren into the operation is the ultimate goal. Successfully bringing additional family members into the operation may require some creativity as all parties need to maintain a viable standard of living. This article is part of a series that will highlight ideas and tactics for bringing another family member into the operation. If this is the first article you are seeing in this series, I would encourage you to go back to the for background and additional guidance.

A strategy that is gaining popularity is the gifting of shares or a …

Annual Forage Insurance Program Performance, Jay Parsons

Cornhusker Economics

In 2014, the Annual Forage Insurance Program (AFIP) was offered for the first time by the USDA – Risk Management Agency (RMA) as a pilot program for the states of Nebraska, North Dakota, South Dakota, Kansas, Oklahoma, and Texas. It was expanded to include Colorado in 2016 and New Mexico in 2017. This year marks the 10-year anniversary of the program, and the goal of this article is to provide a summary of where the program is and how it is being used. We will focus specific attention on Nebraska but also provide an overview of the national picture.

The …

The Growth Of Ethanol In Brazil: Sugarcane, Corn, And A Few Other Things, Fabio Mattos

Cornhusker Economics

Although we can expect more ethanol produced from corn in the coming years, it is unclear whether it will keep expanding at the same pace as in recent years or how much it will contribute to total ethanol production.

One point to keep an eye on is the typical dynamics of markets. If supply and demand conditions and price movements make corn-ethanol more profitable, ethanol plants in Brazil will keep increasing their production. If it makes more economic sense to produce corn-ethanol (as it happened recently), they will use more corn to produce ethanol.

Supply and demand conditions for ethanol, …

2024 Nebraska Agricultural Custom Rates With Statewide Survey Summary, Glennis Mcclure

Cornhusker Economics

The 2024 University of Nebraska-Lincoln Custom Rates Survey indicates that rate increases are the norm since the latest survey was completed in 2022. Table 1 provides a summary and percentage change for several common custom operations from 2022 to 2024. Custom field operations such as drilling and planting show increases in 2024 from seven to twenty-seven percent and harvesting rates for various crops indicate state average rate increases from fourteen to twenty-three percent, with the irrigated corn harvest now at $47.84 per acre for the state average. Other custom services, such as spraying for weed control using a self-propelled sprayer, …

From Australia To Nebraska: Researching Social Value, Marilyn R. Schlake, Cheryl A. Burkhart-Kriesel, Jean Ann Fischer, Michelle Krehbiel, Randy Saner

Cornhusker Economics

Globally, there is a growing body of research on social capital through the lens of social value, or how the social connections translate into actions with tangible outcomes impacting livelihoods and well-being. In the United States, social value is a relatively new perspective that will add to the social capital discussion.

Violent Conflict Drives World Hunger And Food Insecurity, E. Wesley F. Peterson

Cornhusker Economics

The World Food Program (WFP) with support from the United States and other countries works to provide food to those in need as a result of conflict, adverse climate effects, poverty, and government mismanagement. It is limited in what it can do, however, by budget constraints and rising food prices. On top of the financial issues, the delivery of food assistance is particularly complicated in areas of conflict where warring adversaries often hijack food supplies intended for the other side. While it is illegal under International Humanitarian Law to use starvation as a weapon of war, Dzerowicz (2023) has identified …

The North Central Extension Risk Management Education Center, Part Iii: Outcomes And Impacts, Bradley D. Lubben, Christine Lockert, Sheila Aikanathan Johnson, Milan Chauhan

Cornhusker Economics

The North Central Extension Risk Management Education (ERME) Center has existed since 2001 to help support producer-focused agricultural risk management education across the twelve-state North Central Region. The Center works together with centers in other regions of the country to implement a comprehensive program of needs assessment, regional grantmaking, capacity building, and evaluation and reporting to support projects that help producers manage risk and document the outcomes and impacts of those projects.

The last two Cornhusker Economics articles have described the Center and its activities and have highlighted the successes of some recently funded projects. This article concludes the discussion …

The North Central Extension Risk Management Education Center, Part Ii: Activities And Success Stories, Sheila Aikanathan Johnson, Christine Lockert, Bradley D. Lubben

Cornhusker Economics

The North Central Extension Risk Management Education Center is committed to educating American farmers and ranchers on effectively managing the distinct risks associated with producing food for global consumption. So far, we've funded 523 projects totaling over $18.7 million, benefiting more than 168,000 participants.

Part I provided an overview of the North Central Extension Risk Management Education Center, including its operations, priorities, service areas, and how the grant program functions. Part II details the center's activities and highlight some of the numerous projects that have been supported over 23 years since the awarding process started. In the forthcoming segment, Part …

The North Central Extension Risk Management Education Center, Part I: Helps Producers Manage Risks, Christine Lockert, Sheila Aikanathan Johnson, Bradley D. Lubben

Cornhusker Economics

Established in 2001, the North Central Extension Risk Management Education Center (NCERMEC) has a long history of supporting risk management education programs serving producers in the region. Located at the University of Nebraska-Lincoln Agricultural Economics Department, the Center is one of four regional Extension Risk Management Education (ERME) Centers located throughout the country. ERME is funded through USDA’s National Institute of Food and Agriculture (NIFA) and was authorized by the Agricultural Risk Protection Act of 2000. The fundamental purpose of the ERME program is to educate producers to manage risk and position their farm or ranch for future growth and …

Sunsetting Tax Provisions: Is Your Estate Plan Affected?, Anastasia Meyer, Glennis Mcclure

Cornhusker Economics

It is never too early to begin thinking about estate planning, how you want to transfer your assets to the next generation, and how your decisions may be taxed to the next generation. Those decisions may need to be adjusted as some provisions are set to expire at the end of 2025.

Buying Revenue Protection (Rp) Versus Buying The Rp With Harvest Price Exclusion (Rphpe) Version Of Multi-Peril Crop Insurance, Matthew Stockton, Shannon Sand

Cornhusker Economics

In a conversation with one of the TAPS participants about Multi-Peril Crop Insurance (MPCI) he suggested that you would never recommend RPHPE, due to the risk associated with a higher fall harvest price compared to the spring or predicted price. Since the year 2000, this has occurred about one-third of the time. This price reversal may alter indemnity size considerably, depending on which insurance is selected and if one qualifies for an indemnity. The discussion with the TAPS participant focused on the concern of risk exposure from pre-selling uninsured grain due to an unexpected increase in harvest price. This relates …

Community And Regional Economic Analysis: Unveiling Economic Dynamics With The Location Quotient Method And Beyond, Daniela M. Mattos

Cornhusker Economics

In addition to the Location Quotient analysis, several other economic development analytical tools can contribute valuable insights to investment decisions, such as population-employment ratios and shift-share analysis. The use concomitant of these tools boosts the information provided by the Location Quotient analysis, offering a more holistic perspective. Recognizing that each analytical tool provides only a partial view, it is essential not to rely solely on one method when making investment decisions. Comprehensive decision-making necessitates leveraging multiple tools to gain a more nuanced and accurate understanding of local economies.