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Social and Behavioral Sciences Commons™
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- Beef cattle (2)
- Conservation (2)
- Corn (2)
- Cover crops (2)
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- Beginning farmer (1)
- Bequest (1)
- Cost efficiency (1)
- Cow replacement (1)
- Cow-calf (1)
- Cross-pollination (1)
- Data envelopment analysis (1)
- Death loss (1)
- Efficiency change (1)
- Farm households (1)
- Farm transition planning (1)
- Feedlot (1)
- Fertilizer (1)
- Financial advice (1)
- Financing herd building (1)
- Hedonic modeling (1)
- Heifer (1)
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Articles 1 - 11 of 11
Full-Text Articles in Social and Behavioral Sciences
A Model Of Farm Transition Planning For The U.S. Plains, Garret Reed, Shannon Ferrell, Eric A. Devuyst, Rodney Jones
A Model Of Farm Transition Planning For The U.S. Plains, Garret Reed, Shannon Ferrell, Eric A. Devuyst, Rodney Jones
Journal of Applied Farm Economics
Farm transition planning continues to be a significant challenge for U.S. agricultural owner/producers. Past and ongoing research points to an aging farm population with little or no planning to transition farms to succeeding farming family members, despite documented goals of continued family ownership and operation. This study developed and analyzed alternative farm asset transition strategies using a representative farm for Oklahoma. The simulations considered equity issues, family living requirements, and cash flow pre- and post-transition. Strategies analyzed considered off-farm investments and life insurance tools to even bequests between an on-farm and an off-farm heir, and also modeled splitting inheritance into …
The Cover Crop Seed Industry: An Indiana Case Study, John C. Tyndall, Adriana Valcu-Lisman, Melanie Bogert, Abigail Zobrodsky
The Cover Crop Seed Industry: An Indiana Case Study, John C. Tyndall, Adriana Valcu-Lisman, Melanie Bogert, Abigail Zobrodsky
Journal of Applied Farm Economics
Winter cover crops are plants used to protect soils during the period between the harvest and establishment of cash crops such as corn and soybeans, effectively providing farm fields with perennial cover. The total cost of cover crops varies considerably from site to site and year to year, yet the single costliest aspect of using cover crops is the cost of seed. Seed cost also tends to be the most volatile component of the cost of cover crop use, subject to complex supply dynamics associated with producing viable seed, storage capacity, and unpredictable regional demand. We conducted a survey of …
Farm Efficiency And Productivity Growth: The Effect Of Commodity Prices, Elizabeth Canales, Jason S. Bergtold, Allen Featherstone
Farm Efficiency And Productivity Growth: The Effect Of Commodity Prices, Elizabeth Canales, Jason S. Bergtold, Allen Featherstone
Journal of Applied Farm Economics
Crop prices can affect farm productivity through input- output decisions. This study assesses the relationship between crop prices and productivity changes among a sample of Kansas farms. The changes in total factor productivity are evaluated using a nonparametric approach with a Malmquist productivity index and potential drivers of technical efficiency and productivity change are analyzed. Farms with higher leverage and greater diversification are likely to be more efficient and experience productivity change. Lower productivity occurred during years with higher crop prices, suggesting that innovation is more likely to occur when margins are tight.
Financing Beef Cow Herd Building For Beginning Ranchers, Abby Shalekbriski, Eric A. Devuyst, Cheryl S. Devuyst, Roger Sahs, Matt Stockton, Katlin Ramy
Financing Beef Cow Herd Building For Beginning Ranchers, Abby Shalekbriski, Eric A. Devuyst, Cheryl S. Devuyst, Roger Sahs, Matt Stockton, Katlin Ramy
Journal of Applied Farm Economics
Intensive capital requirements relative to cash flows available inhibit the entry of beginning producers into the cattle industry. Here, we propose and analyze a strategy for beginning ranchers to build a herd. Over a three-year cycle, new producers borrow cash needed to purchase 450- pound heifers in the first year, breed heifers, sell open heifers and bull calves, retain heifer replacements, rebreed the two- year-old cows, and eventually sell bred two-turning-three cows 27 months after the initial heifer purchase. The goal is to retain a group of debt-free heifers. Analyses conducted over 14 cycles of 27 months each across three …
The Role Of Farmer Heterogeneity In Nutrient Management: A Farm-Level Analysis, Hua Wang, Naveen Adusumilli, Daniel Fromme, Keith Shannon
The Role Of Farmer Heterogeneity In Nutrient Management: A Farm-Level Analysis, Hua Wang, Naveen Adusumilli, Daniel Fromme, Keith Shannon
Journal of Applied Farm Economics
Understanding farmer heterogeneity regarding nutrient management decisions is crucial for the success of any nonpoint source pollution prevention programs. Data from a farm- level experiment of cover crops in corn production were used in the Stochastic Efficiency with Respect to a Function framework to examine preference for nitrogen strategies over a range of risk aversion levels. We show the highest net return and certainty equivalent to the consideration of N supplied by cover crops. The results provide insights into policy discussions about the level of conservation incentives and plans that offer solutions to mitigate nonpoint source pollution.
The Role Of Variable Rate Technology In Fertilizer Usage, Terry Wayne Griffin, Lavona Traywick
The Role Of Variable Rate Technology In Fertilizer Usage, Terry Wayne Griffin, Lavona Traywick
Journal of Applied Farm Economics
Precision technologies such as variable rate fertilizer applications have been touted as solving production agricultural issues, increasing yields, and improving environmental stewardship. Variable rate technologies have been widely available on farms especially via custom service providers; however, utilization rates of these technologies remain relatively low. Low adoption rates indicate barriers to adoption and an opportunity for market expansion. The degree to which such technologies may reduce the demand for fertilizers will depend on VRT adoption rates.
Differences In The Determinants Of Retirement Preparation Between Farm And Nonfarm Households, Sheri L. Worthy, Travis Mountain, Swarn Chatterjee, Carrie Johnson, Elizabeth Kiss, Barbara O'Neill, Lorna Saboe-Wounded Head, Michael S. Gutter
Differences In The Determinants Of Retirement Preparation Between Farm And Nonfarm Households, Sheri L. Worthy, Travis Mountain, Swarn Chatterjee, Carrie Johnson, Elizabeth Kiss, Barbara O'Neill, Lorna Saboe-Wounded Head, Michael S. Gutter
Journal of Applied Farm Economics
As principal farm operators age, retirement and succession planning has become increasingly important to the U.S. agriculture industry. This study examined differences in the determinants of retirement preparation between farm and nonfarm households using the Survey of Consumer Finances. Factors such as risk preferences, financial capability, human capital, and other demographic characteristics of farmers that may play a role in their decision to plan for retirement were examined. Retirement planning was investigated by running three separate sets of logistic regressions on the overall sample, farm households, and nonfarm households. Likelihood of consulting a financial planner, expecting to leave a bequest, …
Hemp Production Network Effects: Are Producers Tipped Toward Suboptimal Varietal Selection By Their Neighbors?, Tanner Mccarty, Jeffrey Young
Hemp Production Network Effects: Are Producers Tipped Toward Suboptimal Varietal Selection By Their Neighbors?, Tanner Mccarty, Jeffrey Young
Journal of Applied Farm Economics
The 2018 farm bill removed industrial hemp from the Schedule 1 Controlled Substance List. In response, states scrambled to enact hemp legislation. Some hemp flower producers report their hemp fields were cross- pollinated by a neighbor growing a different hemp cultivar. For hemp flower crops, cross- pollination reduces cannabinoid concentration levels within the flower; these concentration levels dictate flower price. We show that in a repeated game, once a sufficiently large percentage of growers decide to plant hemp fiber/seed crops, cross-pollination forces flower growers to convert to fiber/seed to avoid the negative network externality. Over time, a stable, suboptimal Nash …
Cost Efficiency Of International Corn And Soybean Production, Rachel Purdy, Michael Langemeier
Cost Efficiency Of International Corn And Soybean Production, Rachel Purdy, Michael Langemeier
Journal of Applied Farm Economics
The objective of this paper was to examine the cost efficiency of corn and soybean pro-duction for typical farms involved in the cash crop agri benchmark network using data for the period 2013 to 2017. Average cost efficiency for the typical farms in the network that produced corn, soybeans, and both corn and soybeans was 0.749, 0.774, and 0.939, respectively. Inefficiency was a greater problem for the farms producing corn than for the other farm types examined. Inefficient farms tended to overutilize direct, operating, and overhead inputs.
Bred Heifer Price Determinants In The Southeast, Christopher Boyer, Andrew P. Griffith, Jada M. Thompson, Justin Rhinehart, Kenneth H. Burdine, Kevin Laurent
Bred Heifer Price Determinants In The Southeast, Christopher Boyer, Andrew P. Griffith, Jada M. Thompson, Justin Rhinehart, Kenneth H. Burdine, Kevin Laurent
Journal of Applied Farm Economics
Price determinants for bulls, cows, and feeder cattle are well established in the literature but there has been little research on bred heifer price determinants and specifically the impact of feeder cattle prices on the purchase price of bred heifers. We estimated the impact of reproductive characteristics and feeder cattle prices on bred heifer prices for beef production. Data were obtained from a May and November bred heifer sale located in Kentucky and hedonic pricing models were estimated for bred heifers for each sale month. Prices for fall- calving heifers were influenced by number of months bred or expected calving …
Determinants Of Feedlot Cattle Death Loss Rates, Mark Buda, Kellie Curry Raper, John Michael Riley, Derrell S. Peel
Determinants Of Feedlot Cattle Death Loss Rates, Mark Buda, Kellie Curry Raper, John Michael Riley, Derrell S. Peel
Journal of Applied Farm Economics
Death loss in feedlot cattle can have significant impacts on feedlot profitability. Not only does death loss result in foregone revenue, but the operation still incurs the costs to date associated with those animals. This study uses pen-level feedlot data from a private feed-lot in the Southern Great Plains. Both company- owned and customer retained ownership cattle are included in the data set. A Tobit model is used to analyze pen characteristics’ influence on death loss in feedlot cattle, including cattle characteristics, source characteristics, management characteristics, and treatment incidence. Results imply that several pen characteristics impact death loss and that …