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Articles 1021 - 1050 of 1290

Full-Text Articles in Agricultural and Resource Economics

Costly (Dis)Agreement: Optimal Intervention, Income Redistribution, And Transfer Efficiency Of Output Quotas In The Presence Of Cheating, Konstantinos Giannakas, Murray Fulton Apr 2003

Costly (Dis)Agreement: Optimal Intervention, Income Redistribution, And Transfer Efficiency Of Output Quotas In The Presence Of Cheating, Konstantinos Giannakas, Murray Fulton

Department of Agricultural Economics: Faculty Publications

This study builds on previous work by Giannakas and Fulton (2003, 2000) on the economics of output quotas in the presence of cheating by examining the efficiency of the policy in transferring income to producers as well as the optimal regulatory response to enforcement costs and farmer noncompliant behavior in a decentralized policy making environment. Analytical results show that enforcement costs and cheating change the transfer efficiency of output quotas, the level of intervention that transfers a given surplus to producers, the socially optimal income redistribution, and the social welfare from intervention. The incidence of the policy is shown to …

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Strategic Labeling And Trade Of Gmos, Luc Veyssiere, Konstantinos Giannakas Apr 2003

Strategic Labeling And Trade Of Gmos, Luc Veyssiere, Konstantinos Giannakas

Department of Agricultural Economics: Faculty Publications

The emergence of agricultural biotechnology and the subsequent introduction of genetically modified organisms (GMOs) into the food system have been among the most controversial issues surrounding the increasingly scrutinized agri-food system. They have received considerable attention in the economics literature with the main focus being on the optimal regulatory response to products of biotechnology. This paper builds on the literature on the regulation of products of biotechnology by placing the analysis of labeling decisions in a multi-country context. Specifically, the objective of this study is to examine the effect of the strategic interdependence between countries on their regulatory responses to …

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Stable But Variable Characterizes Nebraska Agricultural Land Values, Glenn A. Helmers, Bruce B. Johnson Mar 2003

Stable But Variable Characterizes Nebraska Agricultural Land Values, Glenn A. Helmers, Bruce B. Johnson

Cornhusker Economics

The results of UNL's 2003 Nebraska Farm Real Estate Market Survey indicate a slight decline in overall land values compared to 2002 (-.4 percent). However, variability within the state and among land types indicates more complexity and less uniformity in changes than in previous years. In the past 16 years overall land values declined only twice (1999 and 2003). Thus, the slight decline in 2003 values is not strong evidence of a leveling off in the generally increasing trend in land values, yet large declines of land values in some areas raise concern over what economic forces are at work.

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Drought Decisions For Range Livestock Producers, Dillon Feuz Mar 2003

Drought Decisions For Range Livestock Producers, Dillon Feuz

Cornhusker Economics

Severe drought conditions existed over a large portion of the Rocky Mountains and Northern Great Plains regions of the U.S. for most of 2002. There has not been much relief of these drought conditions in January or February of 2003 for most of the impacted areas. For some of the area, this is the third year of an extended drought. How has this drought impacted the cattle industry? What have producers done to cope with the drought and what are some alternatives for this year if drought conditions persist? Providing answers to these questions is the goal of this article.

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Corn Farmers Face March 21 Deadline To “Opt Out” Of Proposed Starlink Class Action Lawsuit, J. David Aiken Mar 2003

Corn Farmers Face March 21 Deadline To “Opt Out” Of Proposed Starlink Class Action Lawsuit, J. David Aiken

Cornhusker Economics

This article is taken from a longer article by D.L. Uchtmann, University of Illinois Professor of Agricultural Law discussing the proposed StarLink litigation settlement. The text of the entire StarLink article is available at www.farmdoc.uiuc.edu/legal/pdfs/DeadlineStarLink. If you have questions about the StarLink settlement, Professor Uchtmann’s article is a good starting point. Additional questions should be referred to your attorney.

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Defense And International Affairs In The Federal Budget, E. Wesley F. Peterson Mar 2003

Defense And International Affairs In The Federal Budget, E. Wesley F. Peterson

Cornhusker Economics

The proposed fiscal year 2004 (FY2004) federal budget (available at www.gpi.gov/usbudget) includes details on the allocation of federal expenditures among various budget categories as well as historical tables covering the period 1940 to the present. Of particular interest at this time of potential war are the expenditures related to defense and international relations. U.S. Gross Domestic Product (GDP) is estimated at $11.3 trillion for FY2004 and the proposed federal budget is $2.23 trillion or 19.7 percent of GDP. Proposed defense expenditures, not including any cost for a war in Iraq, are $390 billion (17.5 percent of the total budget or …

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Asset Based Community Development: A Model For Nebraska Communities?, John C. Allen Feb 2003

Asset Based Community Development: A Model For Nebraska Communities?, John C. Allen

Cornhusker Economics

The issue of how and sometimes even if we should expend p ublic dollars to support the development of small rural communities continues to receive attention at the federal and state levels, especially throughout the Great Plains. Traditional strategies focusing on industrial recruitment often has not paid off for rural areas in maintaining population, and many have questioned whether the public investment provides economic benefits at the local level.

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Crop Revenue Coverage And Forward Pricing: A Case Study Under Irrigated Corn, Roger Selley Feb 2003

Crop Revenue Coverage And Forward Pricing: A Case Study Under Irrigated Corn, Roger Selley

Cornhusker Economics

The forward pricing of grain typically obligates the producer to purchase replacement bushels when production falls short of the contract. If the production shortfall is due to area weather conditions, prices would be expected to rise and the price of replacement grain could exceed the preharvest contract price. Crop Revenue Coverage (CRC) multi-peril crop insurance provides a revenue guarantee. The minimum revenue guarantee for corn is determined by multiplying the coverage elected times projected revenue. Projected revenue is calculated using the historical yield (APH) for the farm and the February average of the CBT December futures contract. However, the final …

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Incorporating Risk In Efficiency Analysis, Glenn A. Helmers Feb 2003

Incorporating Risk In Efficiency Analysis, Glenn A. Helmers

Department of Agricultural Economics: Presentations, Working Papers, and Gray Literature

Using a non-parametric linear programming approach, our contribution is (1) to examine the impact of incorporating risk in efficiency analysis and (2) to compare the efficiency measures with and without risk for continuous and rotation cropping systems. The model uses Nebraska cropping system data for the period, 1986-2000. Results indicate lower efficiency gains are realized with the incorporation of risk. The t-test at the 5% level of significance examining if efficiency measures are significantly different from one is also reported.

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The Economic Factors Influencing Producers’ Demand For Farm Managers, Keith H. Coble, Thomas O. Knight, George F. Patrick, Alan Baquet, Oscar Vergara Feb 2003

The Economic Factors Influencing Producers’ Demand For Farm Managers, Keith H. Coble, Thomas O. Knight, George F. Patrick, Alan Baquet, Oscar Vergara

Department of Agricultural Economics: Presentations, Working Papers, and Gray Literature

This paper primary objective is to analyze the economic factors influencing producers’ demand for farm managers. A survey of commercial farmers’ risk management was conducted by mail during the spring of 1999 in Mississippi, Texas, Indiana, and Nebraska. A Tobit econometric model was constructed to analyze the demand for farm managers. Results showed that a complementary relationship exists between marketing inputs and the decision to hire farm managers. The results indicate that, as farmers increase expenditure on marketing consultants and information systems, their expenditure on farm managers increase.

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Estimates And Interpretation Of Income Elasticities Of Demand For Food Products, Azzeddine Azzam Feb 2003

Estimates And Interpretation Of Income Elasticities Of Demand For Food Products, Azzeddine Azzam

Cornhusker Economics

The income elasticity of demand for a product measures the responsiveness of demand for the product to a change in disposable (after tax) income. To get the measure, one divides the percentage change in demand for the product by the percentage change in income. For example, if the demand for butter fell by 2 percent when incomes rose by 5 percent, the income elasticity of demand for butter is – 0.4 percent. If demand for butter went up by 5 percent, the income elasticity of demand would be 0.4. If instead it went up by 2 percent, the income elasticity …

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Extension Educators’ Supply Of Risk Management Training To Farmers, Oscar Vergara, Steve Martin, Keith H. Coble, George F. Patrick, Thomas O. Knight, Alan E. Baquet Feb 2003

Extension Educators’ Supply Of Risk Management Training To Farmers, Oscar Vergara, Steve Martin, Keith H. Coble, George F. Patrick, Thomas O. Knight, Alan E. Baquet

Department of Agricultural Economics: Presentations, Working Papers, and Gray Literature

This paper primary objective is to analyze the supply of risk management education provided by extension educators to their clients. A survey of county/area extension educators from Mississippi, Texas, Indiana, and Nebraska was conducted during the fall of 2001. A Tobit econometric model was constructed to analyze the extension educators’ supply of risk management training to farmers. Results showed that the number of risk management education training programs held in the past 3 years by extension educators was positively related to the extension educators’ percent of time devoted to agricultural responsibilities, the value of all crops in the extension educator’s …

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Crop Selection And The Potential Of Drought, H. Douglas Jose Jan 2003

Crop Selection And The Potential Of Drought, H. Douglas Jose

Cornhusker Economics

Three years ago I wrote an article in Cornhusker Economics on the possibly of the dry conditions in 1999 continuing into the 2000 crop year. I commented that we had not dealt with a serious drought in Nebraska for many years. I hope that was not an omen, or a curse, but we have been dealing with moisture shortfalls ever since. The state average yield for dryland corn was 84 bushels per acre in 2000. In 2002 timely rains, at least for non-irrigated corn, were only a mirage resulting in a state average yield of 60 bushels per acre.

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Republican River Litigation Settlement, J. David Aiken Jan 2003

Republican River Litigation Settlement, J. David Aiken

Cornhusker Economics

On December 16, 2002 the Governors of Kansas and Nebraska announced that the states had settled their lawsuit over the 1943 Republican River compact. The settlement marked the end of the interstate lawsuit which originated in May 1998. The settlement represented a compromise between Kansas, Nebraska and Colorado, and was significantly good for Nebraska.

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Kyoto Is Nearing Ratification: Carbon Storage Opportunity?, Gary D. Lynne Jan 2003

Kyoto Is Nearing Ratification: Carbon Storage Opportunity?, Gary D. Lynne

Cornhusker Economics

According to a recent Washington Post article, Senators McCain (R-Arizona) and Lieberman (D-Connecticut) plan to hold a hearing early on in the new Senate proceedings about proposed legislation that would be introduced later this year to establish a “cap-and-trade” system for greenhouse gas emissions in the United States. Several other countries are already involved in developing cap-and-trade systems, generally trading in carbon equivalents. Somewhat ironically, in that the current Bush Administration has opposed any kind of mandatory caps (although it has encouraged voluntary trading), the model for such a system is the U.S. sulfur emissions allowances market that was initiated …

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Investment Feasibility, Cash Flows And Financial Impacts, Glenn A. Helmers Jan 2003

Investment Feasibility, Cash Flows And Financial Impacts, Glenn A. Helmers

Cornhusker Economics

Investments in depreciable assets typically involve major capital outlays requiring carefully budgeted decisions. This process involves two parts -- the basic economic decision, as well as the cash flow and financial outcomes which occur over the life of the asset. The basic decision requires an annual cost to be estimated which can be compared to an expected annual return. In some cases (for example, the replacement of one item of a machinery complement), no identifiable return can be matched against the cost. Even in this case it is important to estimate the ownership cost of the asset in comparing it …

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Action Education In Land Use Decisions: Student Views On Urbanization And Farmland Loss, Mindi Schneider, Charles A. Francis, Dick Esseks Jan 2003

Action Education In Land Use Decisions: Student Views On Urbanization And Farmland Loss, Mindi Schneider, Charles A. Francis, Dick Esseks

CARI Extension and Education Materials for Sustainable Agriculture

Loss of prime farmland is a serious concern in the United States and around the globe. With rapid urban population increases, the activities and perceived needs of concentrated groups of people result in the swallowing of some of the most fertile lands in this country. Today we have just under 2 acres of productive farmland per person in the United States. Given the current population growth rate due to births and immigration, plus the present rate of farmland loss, World Watch Institute estimates that we will have about 0.6 acres or one-third as much farmland available per person by 2055--a …

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Agricultural Land Ownership And Tenure Patterns In Nebraska, Bruce B. Johnson Jan 2003

Agricultural Land Ownership And Tenure Patterns In Nebraska, Bruce B. Johnson

Department of Agricultural Economics: Faculty Publications

Agricultural land in Nebraska is a significant asset of wealth and a key economic input into the state’s economy. It is no mere coincidence that Nebraska consistently ranks fourth among the 50 states in total cash receipts from farm marketings while also ranking fourth in land acreage in farms and third in terms of irrigated acreage. Consequently, it is of considerable importance to identify and understand the basic patterns of land ownership and tenure that exist within the state.

Every 10 years the U.S. Department of Agriculture conducts a national land ownership survey of landlords as well as farm operators. …

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Captive Supplies And The Spot Market Price Of Fed Cattle: The Plant-Level Relationship, John R. Schroeter, Azzeddine Azzam Jan 2003

Captive Supplies And The Spot Market Price Of Fed Cattle: The Plant-Level Relationship, John R. Schroeter, Azzeddine Azzam

Department of Agricultural Economics: Faculty Publications

Numerous articles in the agricultural economics literature investigate the empirical relationship between the spot market price of fed cattle and the volume of packers’ precommitted, or “captive,” supplies of cattle. In this article, we use an extensive data set on the cattle procurement activities of four large packing plants in the Texas Panhandle from early 1995 through mid-1996 to examine this relationship at the plant-level. We find evidence to support the hypothesis that plants that anticipate near-term future deliveries of captive supply cattle that are high relative to their regional-market rivals’ degrees of reliance on captive supplies tend to pay …

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Information Pooling And Collusion: Implications For The Livestock Mandatory Reporting Act, Kenneth Njoroge Jan 2003

Information Pooling And Collusion: Implications For The Livestock Mandatory Reporting Act, Kenneth Njoroge

Department of Agricultural Economics: Faculty Publications

This paper develops a conceptual model that analyzes the impact of increasing market transparency under the Livestock Mandatory Reporting Act of 1999 on the incentives for collusion in the U.S. meatpacking industry. More than likely, meatpackers will have asymmetric priors regarding the distribution of livestock prices. Moreover, they lack the incentives to voluntarily reveal their real priors. Thus, the enforcer of the Act faces a problem of asymmetric information regarding the informativeness of publicly disclosed market reports relative to that of packers’ priors. Analytical results predict that divergent priors of Bayesian packers can be updated by more informative market reports, …

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Focus Fall/Winter 2003 Jan 2003

Focus Fall/Winter 2003

FOCUS: Economic Issues for Nebraskans

Contents:
Tributes to Deborah Ann Rood by Larry L. Bitney and Victoria France Lipovsky
Water Rights Showdown Brewing by J. David Aiken
Farm Profitability Project Identifies Alternative Markets, Production Systems by Ken P. Wurdeman and John C. Allen III
Urbanization Pressures on Agricultural Land by Christopher R. Gustafson and Gary D. Lynne
Institutions and Agricultural Productivity in Sub-Sahara Africa by Lilyan E. Fulginiti
National Agri-Marketing Association Student Chapter by Matt Spilker
Depatment Recognized Student Majors by Ronald J. Hanson and Jessica McKillip
Focus on research
Focus on teaching
Focus on outreach
Focus on alumni

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Departmental Publications In Agricultural Economics 2002 Jan 2003

Departmental Publications In Agricultural Economics 2002

Department of Agricultural Economics: News, Announcements, and Information

Includes a comprehensive listing of Articles in Professional Journals; Books and Book Chapters; Experiment Station Research Bulletins; Departmental Publications; Conference/Symposium Proceedings; Unpublished Papers/Speeches Presented; Popularized Magazine Articles; Published Abstracts and Book Reviews; Extension Publications, Other and Miscellaneous, & Theses

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2002 Nebraska Farm Custom Rates - Part I, H. Douglas Jose, Lydee Jo Brown Jan 2003

2002 Nebraska Farm Custom Rates - Part I, H. Douglas Jose, Lydee Jo Brown

Department of Agricultural Economics: News, Announcements, and Information

Every two years a survey of the custom operations is conducted to determine the current rates charged for specific machinery operations. The survey is divided into two parts: spring and summer operations, including planting and small grains harvest in Part I, and information about fall and miscellaneous operations in Part II. The responses are reported by the Agricultural Statistics Districts shown on the map below. Custom rates reported include charges for the use of necessary equipment, fuel and supplies such as baling wire or twine provided by the custom operator, and labor. Seed, fertilizer and chemical costs are not included.

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2002 Nebraska Farm Custom Rates - Part Ii, H. Douglas Jose, Lydee Jo Brown Jan 2003

2002 Nebraska Farm Custom Rates - Part Ii, H. Douglas Jose, Lydee Jo Brown

Department of Agricultural Economics: News, Announcements, and Information

Every two years a survey of the custom operations is conducted to determine the current rates charged for specific machinery operations. The survey is divided into two parts: spring and summer operations, including planting and small grains harvest in Part I, and information about fall and miscellaneous operations in Part II. The responses are reported by the Agricultural Statistics Districts shown on the map below. Custom rates reported include charges for the use of necessary equipment, fuel and supplies such as baling wire or twine provided by the custom operator, and labor. Seed, fertilizer and chemical costs are not included.

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Market Reports Dec 2002

Market Reports

Cornhusker Economics

No abstract provided.

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Livestock Checkoff Cases, J. David Aiken Dec 2002

Livestock Checkoff Cases, J. David Aiken

Cornhusker Economics

Over the past thirty-five years, Congress has authorized generic promotion programs, known as checkoff programs, for a variety of agricultural commodities. Within the past year, the beef checkoff has been invalidated, the pork checkoff has been invalidated, and the legality of the beef checkoff has been upheld. The two cases invalidating checkoff programs relied on U.S. Supreme Court rulings that checkoff programs violated the producers free speech rights. The one case ruling the beef checkoff constitutional characterized the checkoff advertising program as government speech, which is exempt from constitutional free speech protections. This article takes a look at legal issues …

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A New Twist To Regional Economic Development, Cheryl A. Burkhart-Kriesel Dec 2002

A New Twist To Regional Economic Development, Cheryl A. Burkhart-Kriesel

Cornhusker Economics

Regional collaboration has always sounded like a good idea. The challenge was that it was hard to implement. From a business perspective, it was easier and more cost effective to make adjustments to your own business plan without asking for added input from other regional businesses, agencies and institutions. When times are good, you have the luxury of working independently. However, when you are faced with a general downturn in the economy and increased global competition, as many of the business sectors are today, you look hard for other ways of increasing efficiency. Some methods that could be explored may …

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Initiative 300 And The Structure Of Nebraska’S Cattle Feeding Industry: Did The Law Make A Difference?, Azzeddine Azzam Dec 2002

Initiative 300 And The Structure Of Nebraska’S Cattle Feeding Industry: Did The Law Make A Difference?, Azzeddine Azzam

Cornhusker Economics

In a recently completed study on the effect of Initiative 300 on the structure of Nebraska's cattle feeding industry, agricultural economists, Azzeddine M. Azzam from the University of Nebraska-Lincoln and John R. Schroeter from Iowa State University, in cooperation with UNL Ag Law specialist, David Aiken, found no statistical difference between how the size of feedlots has evolved in Nebraska and how they've evolved in other major cattle feeding states (Colorado, Kansas and Texas) that have no restrictions on corporate investment in cattle feeding. All four states studied have seen a trend of larger feedlots supplanting small-scale operations. The study …

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Market Reports Nov 2002

Market Reports

Cornhusker Economics

No abstract provided.

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Open Meetings Law Violation Invalidates Dairy Zoning Permit, J. David Aiken Nov 2002

Open Meetings Law Violation Invalidates Dairy Zoning Permit, J. David Aiken

Cornhusker Economics

In Nebraska, as in most other states, most actions by public officials are subject to compliance with state public meeting or open meeting law requirements. Failure to comply with open meeting requirements can lead to a court’s declaring the action taken by public officials to be invalid. Such was the case in a zoning decision involving a dairy expansion in Antelope county. Alderman v County of Antelope, 11 NebApp 412 (Sep. 24, 2002).

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