Social and Behavioral Sciences Commons^™

Is Nebraska Farmland A Good Investment?, Jeff Stokes, Jim Jansen, Jared Stauffer

Cornhusker Economics

Economists analyze the performance of financial in-vestments in a variety of ways. Probably the most significant analysis undertaken is the quantification of the tradeoff between risk and return. While individuals are generally thought to prefer investments offering higher returns, they also prefer to not be exposed to excessive risk. And because higher returns are generally associated with higher risk, investors tend to choose investments that are consistent with their specific risk/return goals. In this article, Nebraska farm-land (dryland, irrigated, and grazing) is analyzed from the perspective of its investment potential by quantifying the risk/return tradeoff.

Ag Carbon Credits, J. David Aiken

Cornhusker Economics

There is a lot of discussion in the ag community about ag carbon credits as part of a larger U.S. strategy to reduce carbon emissions and avoid the very worst impacts of global warming. This newsletter takes us through some of the basics regarding what ag credits are and why they are a current topic of discussion.

A Commonly Forgotten Tool In Retirement Planning Hsa Health Savings Accounts, Austin Duerfeldt

Cornhusker Economics

Many individuals are aware of IRAs, 401(k) plans, 403(b) plans, and others when starting to build their retirement portfolio. These plans all have their benefits and drawbacks that need to be accounted for. What surprises many is there is another tool that you may be qualified for and are underutilizing. A Health Savings Accounts commonly referred to as an HSA, has some interesting possibilities that could be useful. An HSA is a type of savings account that lets you set aside money on a pre-tax basis to pay for qualifying medical expenses. While you cannot generally use this money saved …

Steps To Become A Welcoming Community, Cheryl Burkhart-Kriesel

Cornhusker Economics

Just because some rural areas are declining does not mean that all areas are declining or are destined to decline. Rural population gains are often seen in high amenity counties that support both tourism and early retiree relocation and in counties that are located just beyond metropolitan borders. But those are not the only places where gains are being made. Rural areas across the nation are becoming more culturally diverse with “racial and ethnic minorities accounting for 83 percent of rural population growth between 2000 and 2010” (Johnson, 2012).

Monitoring And Trends Of Antimicrobial Use In Livestock Production, Elliott James Dennis

Cornhusker Economics

There has been growing consumer and human medical profession concern about the use of “Shared Use/Medically Important” antimicrobials in food-animal production. The concern partially stems from the concern that livestock and poultry fed antimicrobials can develop resistant bacteria which can then be passed on to humans primarily via consumed meat and poultry products. To curtail this real or hypothetical consumer concern, major restaurants, food service companies, food processors, and supermarkets have pledged to reduce or eliminate meat and poultry that were raised with a non-negative quantity of antimicrobials. For example, Wendy’s© pledged that 50% of procured beef would come from …

2021 Women In Agriculture Conference, Jessica Groskopf

Cornhusker Economics

More than 200 attendees joined the virtual 2021 Nebraska Women in Agriculture Conference from the comfort of their own homes, February 19-20. While this conference looked different compared to years past, it still captured the goals of building relation-ships while gaining valuable knowledge.

The two-day event offered both a live stream and an on-demand learning opportunity for the attendees. Two keynote speakers, four live workshops, and more than 10 on-demand workshops gave attendees a variety of topics and knowledge to take back to their operations.

The Impact Of China’S Environmental And Trade Policies On U.S. Plastic And Paper Waste Exports, Savant Nzayiramya, John C. Beghin

Cornhusker Economics

This article documents major environmental and trade policy changes in China and their impact on plastic and paper waste trade between the U.S. and China and other trade partners. The article explains how U.S. plastic waste exports have been nearly annihilated by these policies. Paper waste trade is more resilient and has survived the policy shifts in China, although quite diminished.

The Impact Of Covid-19 And Economic Policies On Nebraska Farm Real Estate In 2021, Jim Jansen, Jeff Stokes

Cornhusker Economics

Land industry professionals responding to the annual survey attributed the rise in Nebraska farm real estate values to current interest rate levels, crop prices, and COVID-19 disaster assistance payments provided to operators across the state. These forces substantially impacted farm and ranch finances across Nebraska. Operators faced an exceptional amount of risk and uncertainty when navigating production decisions during the height of the COVID-19 pandemic. Lower interest rates and disaster assistance payments provided stability to an industry facing an unpreceded economic shutdown and disruptions of supply chains.

Community Supported Enterprises – Preparing For The Future, Charlotte Narjes

Cornhusker Economics

The Bayard Grocery store made headline news in Nebraska the end of January with the announcement of its upcoming closure. Unfortunately, a grocery store closing is not uncommon in Nebraska or across the United States. A North Dakota study from the state’s association of rural electric cooperatives in 2017 found that in communities with 2,100 people or fewer, there are 98 full-service grocery stores, down from 137 in 2014. In addition, A PEW Trusts article in October 2019, further addresses the nationwide challenge of rural grocery store closures. Challenges include decreased population, competition from superstores (i.e., Walmart), and rural food …

The Biden Climate Plan, J. David Aiken

Cornhusker Economics

President Obama had an aggressive climate plan that included regulation of carbon emissions from power plants. Hillary Clinton would have continued with aggressive policies to slow and reverse global warming but was defeated by Donald Trump in 2016. President Trump sought to undo most of President Obama’s climate policies and pursued a fossil-fuel friendly energy and climate policy. The 2020 election of President Biden marks a resumption of ambitious policies to slow and ultimately reverse global warming. This newsletter identifies three major policies the Biden administration is expected to pursue and attempts to explain what policy implication might look like.

Strategically Making Your Farm Or Ranch Profitable, Matt Stockton

Cornhusker Economics

The word ‘strategically’ sounds sophisticated and is often used to imply the presence of some secret idea that will always work to increase profit. The word seems to suggest that to be strategic requires special knowledge or an almost magical method of accomplishing something. In truth, however, strategy is simply a plan of action or policy designed to achieve something desired, and it can be complex or basic, as each occasion requires. Strategy can be good or bad, a successful endeavor or a disaster. The key to good strategy is to have clear understanding of desired out-come, as well as …

Payroll Protection Program Increases Eligibility, Marilyn Schlake, Austin Duerfeldt

Cornhusker Economics

As the COVID-19 pandemic continues to impact business-es across the country, the Small Business Administration (SBA) has issued new guidelines for the Payroll Protection Program (PPP) in 2021. These guidelines increase the eligibility rules for self-employed, sole proprietors and 1099 workers, including agricultural producers, that allow them to apply and access the PPP Loan funds.

Nebraska Land Link, Jessica Groskopf, Allan Vyhnalek

Cornhusker Economics

Nebraska Extension is pleased to announce that the Nebraska Land Link is open for applications. Nebraska Land Link connects new or beginning farmers and ranchers seeking land with landowners who wish to lease, sell or gift their land to a new or beginning farmer or rancher. The web-based enrollment and information for the program can be found at https://farm.unl.edu/landlink

2021 Nebraska Crop Budgets Review, Glennis Mcclure

Cornhusker Economics

For the 2021 production year, 83 budgets for 15 crops including 2 cover crops and pasture budgets are avail-able from the University of Nebraska-Lincoln, the Department of Agricultural Economics and UNL Crop Specialists. The budgets are published online at crop-watch.unl.edu/budgets in two formats including a printable pdf file version and an Excel file version. In-formation on crop budgeting procedures, machinery operation and ownership costs, material and service prices, and a crop budget production cost summary are included in the format of each budget. In general, cash costs per bushel of corn for both dryland and irrigated budgets were projected lower …

Buy Fresh Buy Local Nebraska Working Together For Local Food , Margaret Milligan

Cornhusker Economics

Direct market farms in Nebraska are made up of people passionate about raising good food for their fellow Nebraskans. They grow vegetables, fruits, meat, grains, and value-added products to sell directly to consumers in their communities.

During the pandemic, these small farms have experienced restaurant sales vanishing, farmers’ market attendance de-creasing, and slots filling up at the small meat processors where they take their livestock. At the same time, there has been a renewed interest from consumers seeking reliable, transparent food produced close to home. It’s been a volatile year, and it has required quick pivoting, group coordination and action …

Why Do People Follow Popular, Or Fad, Diets?, Christopher R. Gustafson

Cornhusker Economics

The tradition of goal setting at the start of a year—New Year’s resolutions—is deeply engrained in American society: estimates suggest that between 40 and 50% of adults set New Year’s Resolutions. Many of the most common goals relate to weight management—initiating exercise programs, dieting, or both—which is perhaps unsurprising since over 70% of American adults are overweight or obese.

Relationships Between Community Resilience And Perceived Community Outcomes, Becky Vogt

Cornhusker Economics

The definition of resilience is the capacity to recover quickly from difficulties. Synonyms include toughness, perseverance and grit. The severe weather events of the spring of 2019 and the ongoing COVID-19 pandemic are likely testing the resilience of rural Nebraskans and their communities. The 2020 Nebraska Rural Poll examined how rural Nebraskans rate their communities on dimensions that measure its resiliency. While it is important to assess how resilient rural Nebraskans believe their communities are, it is also critical to understand how these perceptions correlate to perceived community change, perceived community powerlessness and ease or difficulty of leaving the community.