Agricultural Economics Commons^™

Price Volatility Transmission Between U.S. Biofuel, Corn, And Oil Markets, Cory Walters

Cornhusker Economics

Many factors have been suggested as sources of increased volatility (unexpected changes) in agricultural commodity prices in recent years. One of the most-stated causes is the increase in corn based ethanol production and the new food and ethanol linkages (Serra, 2013; Balcombe, 2011; Wright, 2011; Irwin and Good, 2009). The increased links between energy and agricultural markets raise concerns about whether new corn– ethanol links lead to volatility-spillover effects between prices of energy and agricultural commodities. Increased food-price volatility and its detrimental effects have profound economic implications, raising concerns among consumers, producers, and policy makers. High price volatility heightens food …

Financially Successful Farms In Nebraska, What Matters?, Matthew C. Stockton, Robert Tigner

Cornhusker Economics

The 2012 record high cash receipts for corn brought much optimism among corn farmers and associated businesses. However, more recent years have fostered feelings of concern with many reflections about other challenging times, such as those experienced in the 1980’s. Among producers such feelings are usually negative, but when properly channeled can lead to positive business actions, such as cost reductions and increased efficiencies.

Livestock Air Emission Requirements Delayed For Now, J. David Aiken

Cornhusker Economics

Summary. Federal environmental laws require the reporting of emergency releases of hazardous substances to federal, state and local emergency res-ponders. EPA has established a 2008 reporting exemption for livestock operations smaller than large concentrated animal feeding operations (CAFOs). Environmental groups challenged the EPA livestock exemption. On April 11, 2017, the D. C. Court of Appeals invalidated the EPA livestock reporting exemption. Reporting requirements briefly went into effect November 15, 2017 but have now been postponed until May 1, 2018.

Capital Budgeting By Cooperatives, Jeffrey S. Royer

Cornhusker Economics

In capital budgeting, a firm must decide whether or not to invest in a project, such as a new machine, plant, or product. Typically, the firm will invest in the project if the present value of the stream of cash flows the project is expected to generate exceeds the project’s cost. The discount rate used in the present value calculation usually is the weighted average cost of capital for the firm, i.e., the weighted average of the firm’s costs of equity and debt. For publicly traded firms, the capital asset pricing model (CAPM) is the most commonly used means for …

Does Gender Really Matter In Agriculture?, Marianna Khachaturyan, E. Wesley F. Peterson

Cornhusker Economics

Agriculture comprises around 9.5 percent of GDP for all developing countries, 26.0 percent for the least developed, 17.6 percent in South Asia and 17.4 percent in Sub -Saharan Africa compared with only 1.1 percent in the United States (World Bank, 2018). Agriculture is the main source of employment and livelihood for many, especially in Asia and Africa where about 60 percent of workers (both men and women) are employed in the agricultural sector (Agarwal, 2015). Globally, about 43 percent of workers who are engaged in agricultural activities are women (Akter et al., 2017), and across Asian and African countries, about …

Personal Entrepreneurial Competencies And Entrepreneurial Intention Of Non-Business Students Enrolled In An Introductory Entrepreneurship Course, Gemma U. Reyes, Rachelle A. Mariano, Maria Noriza Q. Herrera, Nohreen Ethel P. Manipol, Jewel Joanna S. Cabardo

Journal of Economics, Management and Agricultural Development

The objectives of the study are two-fold. The first is to find out the relationship between the personal entrepreneurial competencies (PEC), as identified by Management Systems International, and the entrepreneurial intention of non-business students who are taking up an introductory entrepreneurship course. The second is to determine whether the entrepreneurial competencies of the students improved after taking the course. Using Spearman rank-order correlation, the study reveals that eight of the ten entrepreneurial competencies have a significant correlation with entrepreneurial intention although the relationship ranges only from moderate to weak. The Wilcoxon signed-rank test was employed to test whether the post …

Adoption Of Conservation Practices And Precision Technologies In South Dakota: An Empirical Analysis, Allen P. Deutz

Electronic Theses and Dissertations

Advances in conservation agriculture and precision agriculture technology practices have contributed to the adoption of conservation practices that reduce externalities from agricultural production, but this conversion was usually coupled with economic incentive, whether from increases in fertility and yield, or payments for on farm retirement or restoration practices. This study expands on this theme, evaluating the connection between conservation and the increased use of various precision agriculture technologies. The study uses survey data collected from South Dakota farmers and ranchers, with responses from 28 counties and over 500,000 acres of crop, pasture, and range land to address the following three …

The Impact Of Biofuel Policies On Overshooting Of Agricultural Prices, Mahdi Asgari

Theses and Dissertations--Agricultural Economics

The Federal Reserve has increased nominal interest rates since early 2016. It is expected that commodity prices will drop in response to this monetary intervention. The overshooting hypothesis explains that commodity prices are more flexible than manufacturing prices and therefore are more volatile. In this situation, it is expected that agricultural commodities decline significantly (i.e., overshoot) and gradually return to their long-run equilibrium. This adjustment behavior has implications for income stability and financial viability of farmers.

This research contributes to the overshooting literature by including the energy sector in the overshooting model. The interlinks between energy and other sectors in …

Monitoring The Philippine Economy Year-End Report For 2017, Mitzie Irene P. Conchada, Won Hee Cho

Angelo King Institute for Economic and Business Studies (AKI)

Growing at 6.7% in 2017, the Philippine economy realized robust full-year forecasts despite domestic and international economic challenges. Economic performance: Aggressive government spending on infrastructure projects, the growth of the manufacturing sector, and an uptick in the agriculture sector strengthen the Philippine economy.

Rural Business Development Corporation Annual Report 2018, Department Of Primary Industries And Regional Development, Western Australia

All other publications

In accordance with section 63 of the Financial Management Act 2006, we hereby submit for your information and presentation to Parliament, the annual report of the Rural Business Development Corporation for the reporting period ended 30 June 2018.

The annual report has been prepared in accordance with the provisions of the Financial Management Act 2006 and the Rural Business Development Corporation Act 2000.

Understanding The Process Of Selling, Cheryl A. Burkhart-Kriesel

Cornhusker Economics

Black Friday, Cyber Monday, and then the countdown to Christmas… tis the season for buying! But if you work in the retail environment, it is also the season for selling. The act of “selling” is obvious in face-to-face retail environments but the steps of the selling process are also embedded in all sorts of product and service settings.

The Aid Effectiveness Architecture In Africa: An Analysis Of Aid Structures In Kenya’S Agriculture Sector, Daniel Kipleel Borter

International Journal of African Development

This study examines in detail the development aid architecture in Kenya’s agriculture sector. The focus is on the mechanisms in place within the Kenyan government (and ministry of agriculture in particular), mechanisms among and within donor agencies, and overall coordination mechanisms that bring together the donors and the government. Findings show that coordination and harmonization activities among donors are yet to yield the desired outcomes such as the division of labor protocol and joint programming. Weaknesses are also observed on the government side where it appears authorities are yet to internalize PD concepts and interpret them to suit the country's …

Luchadoras: Resistencias Contra La Violencia De Género Por Las Mujeres En La Región De San Ramón, Olivia "Livey" Beha

Independent Study Project (ISP) Collection

This qualitative study describes the dynamic resiliency-building process against gender-based violence in two rural coffee-producing communities in the region of San Ramon, Nicaragua. It examines the methods and efficacy of economic empowerment and educational interventions facilitated by the Union of Agricultural Cooperatives Augusto Cesar Sandino (UCA San Ramón) in addressing gender inequality, preventing gender-based violence, and increasing access to resources for women in the cooperatives of El Privilegio and Danilo Gonzales. This complex ecology, comprised of the interactions between women, their communities, available resources, and institutions, is assessed through the lens of women’s individual perspectives as they engage in three …

Impact Of Socioeconomic Factors On Florida Consumers' Perceptions On Use Of Chemical In Locally Or Regionally Produced Livestock Products, David Nii O. Tackie, Akua Adu-Gyamfi, Janette R. Bartlett, Bridget J. Perry

Professional Agricultural Workers Journal

Abstract

The use of chemicals in livestock production has been an issue for consumers for several decades. This study, therefore, assessed the impact of socioeconomic factors on Florida consumers’ perceptions on the use of chemicals in locally or regionally produced livestock products. Data were collected from a sample of 404 participants from several Florida counties and were analyzed using descriptive statistics and ordinal logistic analysis. Most of the respondents were of the opinion that using chemicals in locally or regionally produced and sold beef or goat meat was a serious or somewhat serious hazard. The ordinal logistic regression results showed …

The Bracero Program In The Arkansas Delta: The Power Held By Planter Elite, William Chase Whittington

Graduate Theses and Dissertations

This paper examines the Bracero Program and its implementation from the start of World War II to the end of the program in 1964. Farmers and planters in America needed a sufficient labor supply once the war started, and Mexico became the main supplier. The Bracero Program was initiated as a war effort and meant to only last until the end of the war, but the planter elite had far different intentions once they realized how productive and inexpensive the program could be. This paper identifies the leading causes for how the Bracero Program was able to last over twenty …

The Impact Weather Has On Nyc Citi Bike Share Company Activity, Mark Martinez

Journal of Environmental and Resource Economics at Colby

This paper seeks to figure out the effect weather has on individuals’ behavior. A more focused approach to determining this effect is seeing how different weather conditions ranging from the temperature, the precipitation, the amount of inches of snowfall and the wind speed effect the ridership of Citi Bikes throughout all four seasons. The approach of this research paper is using data from the National Climatic Data Center that focuses in on the weather found in Manhattan, New York and correlates each of the weather conditions to the total number of trips per day that is provided by the Citi …

The Effects From Public Transportation On Property Values: A Closer Look At Scituate, Hanover, And Norwell, Massachusetts, Alexandra Taylor Perticone, Christine S. Coveney

Journal of Environmental and Resource Economics at Colby

Prior studies have expressed the value of location in real estate, but more recent studies have explored the influence that public transportation has had on housing prices. Access to public transportation is understood to increase the value of homes. Easier access to public transportation allows for shorter and more convenient commutes into or within cities. However, other studies have found that proximity to public transportation can also have adverse effects on property values. This paper investigates whether the implementation of the Greenbush Commuter line in Massachusetts in October 2007 increased the housing prices in Scituate, Ma--the furthest town from the …

Invited Introduction To Jerec, Matthew Kahn

Journal of Environmental and Resource Economics at Colby

No abstract provided.

Welcome By The Editor, Nathan W. Chan

Journal of Environmental and Resource Economics at Colby

No abstract provided.

The Socioeconomic And Ecological Impact Of Cool Season Forage Production: A Case Of Black Belt Counties, Alabama, Lila B. Karki, Uma Karki

Professional Agricultural Workers Journal

Abstract

Raising livestock during the lean season of forage production has become a great challenge for small and limited resource farmers because of a high cost involved in procuring supplementary feed. This study was conducted to assess the impact of cultivating cool-season forages on the feeding costs for meat goats and cattle. Three case studies were conducted in three Black Belt Counties of Alabama, Russell, Dallas, and Bullock. The socioeconomic and ecological impacts of developing cool-season pastures were evaluated using the before versus after assessment approach. The findings revealed that all three cooperator farmers reduced costs of procuring hay and …

Family Feud Ends Up In Court, J. David Aiken

Cornhusker Economics

A May 2017 decision by the Nebraska Court of Appeals deals with an unfortunately common situation in Nebraska family farm corporations– is the on-farm heir (or heirs) in charge of the corporation legally required to share the corporation’s income with the off-farm heirs? (24 Neb. App. 649) As we shall see, the court answered “no” even though that seems to be an unfair result.

Growth And Poverty Traps: Examples From Literature, Danielle Chaloux

Honors Scholar Theses

The writings of Charles Dickens, Emile Zola, Knut Hamsun, and Laura Ingalls Wilder capture humanity on the page. The characters in the works of these authors are confronted by realistic or autobiographical situations and make choices based on history, personal preferences, societal pressures, and economic constraints, just as real-life individuals do. They can thus serve as data for illustrating the implications of economic models, specifically poverty traps. To do so, I will draw from Great Expectations (1861) by Charles Dickens, The Fat and the Thin (1873) by Emile Zola, Hunger (1890) by Knut Hamsun, and The First Four Years (1971) …

Do Farm Subsidies Affect Crop Diversification?, Chadwick O'Neal

Georgia College Student Research Events

The United States spends $20 billion each year on farm subsidies. Farmers face increased risk and income variation when their crop portfolio is less diversified. It’s possible for farm subsidies to decrease diversification if they are focused on specific crops. Utilizing state level subsidy and agricultural data from the Environmental Working Group, I used econometric analysis to estimate the effect of farm subsidies on crop diversification. I used the number of acres planted from the 15 top most subsidized and grown crops in the United States to derive my dependent variable, the Herfindahl-Hirschman index (HHI). The HHI is a market …

The Russian Food And Agricultural Import Ban, Marianna Khachaturyan, E. Wesley F. Peterson

Cornhusker Economics

In 2014 the United States, European Union (EU), and several other countries imposed economic sanctions on Russia in response to its annexation of Crimea and support for separatist rebels in eastern Ukraine (Nelson, 2017; Europa, 2017). Prior to the 1990s, the use of economic sanctions to challenge the behavior of foreign governments was fairly rare as the target country could easily turn to the cold-war adversary of the sanctioning country to avoid their effects. With the end of the Cold War, sanctions, usually comprehensive in nature restricting economic relations across the board, became a major foreign policy tool. Because comprehensive …

Nebraska Retailing Activity Changes Since 1990 And The Effect Of The Great Recession By Town/City Size Classes, Anil Giri, Bruce B. Johnson

Cornhusker Economics

Retailing is an important sector of our state’s economy and is watched carefully as an indicator of overall economic performance. This retailing activity, however, is not evenly distributed across different town/ city size classes. Large cities and towns serve as retail centers for larger geographic areas as well as for some nearby small towns. In other words, small trade centers experience trade leakage relative to their population and large centers experience retail gain relative to their population. Relative retail activity can be measured and hence compared using Pull Factor (PF) as a metric.

In essence, PF measures the relative market …

Household Food Vulnerability Under An Extreme Weather Event In Sta. Cruz Subwatershed, Laguna, Philippines, Karen P. Quilloy, Agnes C. Rola

Journal of Economics, Management and Agricultural Development

This study is an assessment of the vulnerability of households to food insecurity under an extreme weather event. A subjective-qualitative technique primarily based on the perceived food security status of the households and their food insecurity coping strategies was used to examine household food vulnerability. Key findings reveal that households living in the vulnerable areas of Sta. Cruz subwatershed were generally resilient to extreme weather events and only suffered from slight to moderate form of food security problems. Impacts of extreme weather events on them were generally moderate but the highest impact was observed in their income sources, logistics, and …

Seasonal Integration And Co-Integration In The Prices Of Key Aquaculture Species In The Philippines, Primo E. Rodriguez, Marjorie-Anne D. Sumaya

Journal of Economics, Management and Agricultural Development

This paper investigates the relationship between retail and wholesale prices of milkfish (Chanoschanos), tilapia (Tilapianilotica), and tiger prawn (Peneaus monodon) using techniques that recognize the role of seasonal factors for testing orders of integration of and the existence of cointegration between these prices. This paper finds that seasonality plays an important role in explaining movements in the prices of these farmed species. This is so because, with the exception of the wholesale price of tiger prawn, unit roots occur at all frequencies for all of the prices that were examined. None of the pairs of prices were found to be …

Social Vulnerability To Climate Variability And Extremes Of Farming Households In Puerto Princesa City, Palawan, Philippines, Joan U. Ureta, Leonardo M. Florece, Juan M. Pulhin, Ma. Victoria O. Espaldon

Journal of Economics, Management and Agricultural Development

Climate-sensitive livelihoods are in the frontline of sectors which will be affected most by climate change. Without proper intervention, smallholder farmers would suffer from declining crop production, yield, and on-farm income, among others. Hence, this study aims to assess the social vulnerability of farming households residing in northern part of Puerto Princesa City, Philippines. Sustainable Livelihoods Framework (SLF) was used in developing separate social vulnerability indices for drought, typhoon, and early onset of rains. Unbalanced weighted approach through principal component analysis (PCA) was employed in assigning weights to the variables. Findings showed that financial capital has the highest contribution to …

Impact Of Trade Liberalization On Research And Development (R&D) Expenditures In The Philippines, Mary Joyce N. Vadanes

Journal of Economics, Management and Agricultural Development

This paper examines the effects of tariff reductions endorsed under GATT-WTO and AFTA-CEPT on R&D expenditures of Philippine manufacturing firms. It also considers firm characteristics like exports, capital intensity, and size as explanatory factors. Using pooled firm-level data that are harmonized with the international nomenclatures for traded products, the results uphold that intensified competition from foreign players drive domestic firms to develop their production processes and products. Accordingly, the main findings of the paper reveal that reductions in MFN and ASEAN tariffs increase the growth rate of R&D within manufacturing firms. Likewise, a rising export share is associated with higher …

Analyzing The Relationship Between Exposure To Extreme Weather And Economic Inequality In The Philippines, Rosalina Palanca Tan

Journal of Economics, Management and Agricultural Development

This paper looks into the relationship between typhoon exposure and inequality in per capita income and per capita expenditure of households in the Philippines by comparing the change in the Theil L and Theil T inequality indexes between 2009 and 2012 across different exposure groups. A decomposition analysis of the Theil index was also undertaken to establish the relative contributions of within-exposure group inequality and between-exposure groups inequality to total inequality. Conforming to the paper’s hypothesis, the group that has the highest exposure to typhoons was found to experience a worsening of both income and expenditure inequality while the group …