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Full-Text Articles in Agriculture
Meeting Cash Flow Needs, Roger Selley
Meeting Cash Flow Needs, Roger Selley
Cornhusker Economics
In the March 11, 1998 issue of this newsletter we discussed how projected cash requirements for the year could be distributed between enterprises. The objectives of that discussion were to arrive at 1) a budgeted cash requirement on a per acre basis to help determine crop insurance needs, and 2) a target price for each enterprise to help in pricing decisions. We suggested, however, that prioritization of cash requirements may be needed because yield and price protection may not be available at those levels or may cost more than you are willing to spend. The low prices we are currently …
Some Thoughts - Farm Business Management - Fall 1998, Larry L. Bitney
Some Thoughts - Farm Business Management - Fall 1998, Larry L. Bitney
Cornhusker Economics
Crop and livestock prices have been universally low for Nebraska farmers and ranchers in the last few months. There have been conversations about whether the current conditions constitute a crisis, and how it is different from the farm financial crisis of the 1980's. Regardless of the differences or similarities with the 80's, many farm and ranch families are facing drastic reductions in income. There are, of course, exceptions. In view of the current situation which most families are facing, I was recently asked to speak on the topic of “Strategies for Dealing with Low Prices.” Following is a brief summary …
The Occupation Of Farming, Bruce B. Johnson
The Occupation Of Farming, Bruce B. Johnson
Cornhusker Economics
Farming is one of the world’s oldest occupations. It has been hailed as one of the most noble of occupations by Thomas Jefferson and countless others throughout recorded history. Tilling the soil and husbanding the livestock as a resource steward in the seemingly-endless cycle of seasons, this remains in the minds of many as the basic stereotype of a farmer.
Grain Storage: Value, Costs, And Returns, Roger Selley
Grain Storage: Value, Costs, And Returns, Roger Selley
Cornhusker Economics
Promise of a good crop and low prices at harvest has increased the interest in storage. Many elevators are requiring that 20% or more of the grain be sold upon delivery or be placed under a deferred pricing contract so they can move the grain. Commercial storage rates are expected to be 2½ to 3 cents or more per bushel where available. Farm storage rental charges may approach commercial rates.
Strategies For Sustainable Economic Development, Duane Olsen
Strategies For Sustainable Economic Development, Duane Olsen
Cornhusker Economics
During a conference highlighting "sustainable Communities," Margaret Thomas presented a paper based upon a 1994 research project designed to explore economic development strategies that would increase local prosperity and also protect the environment and protect natural resources. She described the economy and ecology as two sides of the same coin and proposed reconsidering human systems and industrial systems in the light of these two natural laws: 1) resources are to be used no faster than they are replenished, and 2) matter is ultimately recycled for reuse in biological or physical systems.
Estimating And Using Probabilities In Farm And Ranch Decisions, Al Wellman
Estimating And Using Probabilities In Farm And Ranch Decisions, Al Wellman
Cornhusker Economics
A probability is a number that measures the likelihood or chance that a particular event will occur. This number, in terms of fractions or percentages, must be between zero (0) and one (1). Zero means there is no chance that the event will happen, and one means it is certain to happen. In between are all the possible probabilities that it will or will not happen. The sum of the probabilities of all the possible events that can occur in a given situation must add up to one.
Farming — Can You Make A Living At It?, Larry Bitney
Farming — Can You Make A Living At It?, Larry Bitney
Cornhusker Economics
I’ve observed that many families are running harder and faster to make ends meet on the farm. Farms that produced living expenses for a family ten years ago are no longer doing so. Many families who found it necessary to supplement farm earnings with an off-farm job in the 1980's have kept that job, and are now struggling again financially. Other families have expanded their farming operations to increase their sales volume, but seem to be reaching their limits of physical and mental energy, and are also struggling.
Beef Industry Productivity, Prices And Profits, Dillon M. Fuez
Beef Industry Productivity, Prices And Profits, Dillon M. Fuez
Cornhusker Economics
Cattle numbers in the U.S. peaked in 1975 at about 130 million head. Since that time, cattle numbers have generally been declining. Numbers are affected by the cattle cycle, but peak numbers are declining with each new cycle. The January 1, 1998 inventory of cattle was less than 100 million head.
Changing Technology And Share Leases Some Observations, Larry L. Bitney
Changing Technology And Share Leases Some Observations, Larry L. Bitney
Cornhusker Economics
The most popular method of leasing cropland in Nebraska is the share lease. Under this arrangement, the tenant and landowner both contribute to the production of a crop, which they share and market. The landowner’s contribution may be only the land, or he/she may also pay a share of the crop production expenses.
Creating A Business Plan, Allen Prosch
Creating A Business Plan, Allen Prosch
Cornhusker Economics
A business plan is becoming an increasingly important tool as farm operators need to explain complex operations to their associates. It has long been necessary to have good information for lenders. But in the current business environment there are many more persons such as crop consultants, landlords, employees and family members who may not always be present, but are involved in the operation.