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Articles 871 - 900 of 1290

Full-Text Articles in Agricultural and Resource Economics

Comparison Of Returns For Cash Or Crop Share Rentals, H. Douglas Jose Jun 2005

Comparison Of Returns For Cash Or Crop Share Rentals, H. Douglas Jose

Cornhusker Economics

The popularity of cash leases as opposed to crop share leases has increased in recent years. Historically, crop share leases have predominated, but it is estimated that about half of the cropland leases in Nebraska are now cash leases and half are crop share. There are a number of reasons for this trend. With the competition for land, cash leases establish a specific rental rate which can easily be negotiated or bidup. The equivalent cash for a crop share situation cannot be determined until after harvest when the yield and market price of the crop are known. The land owners …

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Whose Money Is It Anyway?, Jeffrey S. Royer Jun 2005

Whose Money Is It Anyway?, Jeffrey S. Royer

Cornhusker Economics

Substantial reductions in personal income tax rates and an elimination of the estate tax have been major priorities for the current presidential administration. When arguing for tax cuts, George W. Bush has frequently told Americans that “It’s your money.” According to Princeton University ethicist Peter Singer, “His message was that when governments tax their subjects, they take money that belongs to the taxpayers and spend it—instead of letting the taxpayers decide for themselves how they want to spend it” (Singer 2004, p. 11). Singer thinks most Americans believe taxes are their money. As he puts it, “Of course it was …

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1031 Tax Exchanges And Nebraska’S Farm Real Estate Market, Bruce B. Johnson, Aaron Raymond Jun 2005

1031 Tax Exchanges And Nebraska’S Farm Real Estate Market, Bruce B. Johnson, Aaron Raymond

Cornhusker Economics

“The 1031's are giving us a distorted value of farmland.” The above quote from a Southeastern Nebraska reporter to this department’s 2005 Nebraska Farm Real Estate Survey, to be released July 1, reflects many of the comments made by reporters from across the state. The 1031 exchanges appear to be increasingly influential in local agricultural land markets from Chadron to Falls City. This year, for the first time in the series of monitoring factors influencing the value of agricultural land, the categories of non-farm investors and 1031 Tax Exchanges were ranked by our survey respondents as the two most influential …

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Wal-Mart And Economic Growth Of Nebraska Counties, Gibson Nene, Azzedine Azzam, Amalia Yiannaka, Steven Katchman Jun 2005

Wal-Mart And Economic Growth Of Nebraska Counties, Gibson Nene, Azzedine Azzam, Amalia Yiannaka, Steven Katchman

Rural Initiative Program: Publications and Reports

What is the issue and why is it important?

-Wal-Mart has been criticized regarding its socio-economic impact on communities

-Complaints are emanating from:
Consumers, suppliers, competitors, community leaders and labor unions

-Anti-Wal-Mart websites:
Wal-Martsucks.com
Wal-Mart defense
Wal-Martfacts.com

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Community-Based Entrepreneurship: A Community Development Strategy, Marilyn R. Schlake Jun 2005

Community-Based Entrepreneurship: A Community Development Strategy, Marilyn R. Schlake

Cornhusker Economics

For the past twelve years, the NebraskaEDGE Program has assisted nascent and active entrepreneurs through the delivery of a community-based educational program. Administered by the Center for Applied Rural Innovation at the University of Nebraska-Lincoln, the program’s overall goals are to build community capacity, develop new entrepreneurial support coalitions and increase entrepreneurial activity within the community and region.

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Risk Management Education/Annie’S Project, Beth A. Eberspacher, Karrie Blake May 2005

Risk Management Education/Annie’S Project, Beth A. Eberspacher, Karrie Blake

Cornhusker Economics

Since 2001 the North Central Risk Management Education Center has been providing leadership and program coordination in risk management education for twelve states in the North Central Region. These states include: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin. “Empowering the strengths and skills of individuals in the North Central Region involved in the management of agricultural production, marketing, financial, legal and human resource risks” is the Center’s mission. The Center is headquartered in the Department of Agricultural Economics at the University of Nebraska – Lincoln.

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Three Potentially Effective Approaches To Community Change, Cheryl A. Burkhart-Kriesel May 2005

Three Potentially Effective Approaches To Community Change, Cheryl A. Burkhart-Kriesel

Cornhusker Economics

Communities change all the time .... businesses come and go, streets and other infrastructure are improved and schools grow or constrict depending upon their enrollment. Even with the wide range of changes in our communities, research shows that there are really only three commonly used approaches to implement change. They include the: 1) self-help; 2) technical assistance; and 3) conflict approach.

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The Un-L Student Chapter Of The National Agri-Marketing Association, Beth Griess, Bonnie Hassler, Matt Spilker May 2005

The Un-L Student Chapter Of The National Agri-Marketing Association, Beth Griess, Bonnie Hassler, Matt Spilker

Cornhusker Economics

The National Agri-Marketing Association (NAMA) is a professional organization consisting of 25 regional chapters with more than 3,500 professional and student members. Members come from advertising and marketing agencies; media (including farm publications, radio and television stations and newspapers); associations and companies; and others providing services to the agribusiness marketing executive.

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2004 Net Farm Income Reaches Record High, Tina N. Barrett May 2005

2004 Net Farm Income Reaches Record High, Tina N. Barrett

Cornhusker Economics

Farm incomes reached a new record high of $78,930 in 2004, as recorded by the Nebraska Farm Business, Inc. (NFBI). Since 1977, NFBI has been tracking accrual farm records of actual producers in Nebraska. In 2004, over 140 farms submitted their records to produce the record net income. The previous high income of $72,657 was in 1978.

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Supreme Court Rules Against Attempt To Beat County Zoning Deadline, J. David Aiken Apr 2005

Supreme Court Rules Against Attempt To Beat County Zoning Deadline, J. David Aiken

Cornhusker Economics

One of the most misunderstood concepts in zoning law is that of non-conforming uses, or “grandfathering.” Most zoning regulations exempt existing uses that would not conform to the new (or revised) zoning regulation. These uses (land uses or buildings) are called non-conforming uses because they do not conform to the new (or revised) zoning regulation. The often mistaken belief is that zoning regulations must leave non-conforming uses alone. This is incorrect: Neb.Rev.Stat. § 23-173.01 allows non-conforming uses to be terminated, continued or regulated by a county zoning regulation. As a practical matter, however, most counties will not regulate or terminate …

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The Comparative Advantages Of Family-Owned Businesses, Jeffrey S. Royer Apr 2005

The Comparative Advantages Of Family-Owned Businesses, Jeffrey S. Royer

Cornhusker Economics

According to the U.S. Department of Agriculture, approximately 97 percent of the farms in the United States are family farms (Banker and MacDonald). In addition, many agricultural input suppliers, marketing and processing firms, and other agricultural businesses are family-owned or controlled. Among the food processing and wholesaling companies that are family-owned or controlled are Archer Daniels Midland, Campbell Soup, Pilgrim’s Pride, Smithfield Foods, J. M. Smucker, and Tyson Foods (Boland). More generally, over 35 percent of the firms included in the Standard and Poor’s 500 Index are family-held firms (Anderson and Reeb).

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Hog Markets, Al Prosch Apr 2005

Hog Markets, Al Prosch

Cornhusker Economics

If the lean hog carcass futures prices are any indicator, producers should have four or five months of very good prices. Feed costs are down from this period a year ago and futures prices through September are very good. If actual prices are at or near futures expectations, profits will be good. Beyond September the profit picture changes quickly.

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Farm Program Spending Under The President’S 2006 Budget Proposal, Roger Selley, Bruce B. Johnson Apr 2005

Farm Program Spending Under The President’S 2006 Budget Proposal, Roger Selley, Bruce B. Johnson

Cornhusker Economics

According to Secretary of Agriculture Johanns news release on February 7, 2005, the President’s 2006 budget proposes a net reduction in farm support program spending nationally of about $587 million in 2006, and $5.7 billion from 2006 through 2015. These proposals include: reducing the payment limitation for all commodity payments, making marketing assistance loans based on historical production and reducing all commodity payments to farmers by 5 percent. It is difficult to estimate the impact of any changes in the payment limitation. Nearly all producers have their business arrangements configured to avoid the current payment limitations, and their ability to …

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Target Markets For Grain And Cotton Marketing Consultants And Market Information Systems, Oscar Vergara, Keith H. Coble, Darren Hudson, George F. Patrick, Thomas O. Knight, Alan Baquet Apr 2005

Target Markets For Grain And Cotton Marketing Consultants And Market Information Systems, Oscar Vergara, Keith H. Coble, Darren Hudson, George F. Patrick, Thomas O. Knight, Alan Baquet

Department of Agricultural Economics: Faculty Publications

This paper examines the use of market consultants and market information systems by grain and cotton producers. A model of producer demand for marketing information and consultants is proposed that decomposes price received into exogenous and endogenous components. The analysis is based on a survey of over 1,600 producers. The results suggest that expenditures on market information systems and market consultants are not independent and, more specifically, expenditures on marketing consultants substitute for expenditures on market information systems.

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Focus Spring 2005 Apr 2005

Focus Spring 2005

FOCUS: Economic Issues for Nebraskans

Contents:
Forecasting Nebraska Land Values by Glenn Helmers, Saleem Shaik and Bruce Johnson
Diminishing Returns and the Economic Value of Water by Raymond J. Supalla and Scott Nedved
Department Continues to Plan for Change by Jeffrey S. Royer
Faculty Recognitions: Recent Grant and Contract Awards
Faculty Honors and Awards
Epilogue to a Career by Roy Frederick
Student Activities and Awards
The National Agri-Marketing Association Student Chapter
AGP Student Ambassador Scholarship Program
Students Successful at AAEA

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Forward Pricing Behavior Of Corn And Soybean Producers, Todd Davis, George Patrick, Keith Coble, Thomas Knight, Alan Baquet Apr 2005

Forward Pricing Behavior Of Corn And Soybean Producers, Todd Davis, George Patrick, Keith Coble, Thomas Knight, Alan Baquet

Department of Agricultural Economics: Faculty Publications

Forward pricing behavior of random samples of Indiana, Nebraska, and Mississippi crop producers was analyzed using Heckman's two-step limited information maximum likelihood estimation procedure. Producers who forward priced during the 1995-1998 period generally expected to forward price in 1999 using similar techniques. Probit models were estimated for cash forward contracts and taking a direct position in futures or options separately and combined. Results provide limited support for the hypothesis that forward pricing should be analyzed as an adoption decision. Variables reflecting risk attitudes do affect the decision to use forward pricing, while variables related to economic position affect the level …

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College Student Views On Farming & Ranching Careers, Darrell R. Mark Mar 2005

College Student Views On Farming & Ranching Careers, Darrell R. Mark

Cornhusker Economics

Given the average age of the principal farm operator in Nebraska has increased from 48.5 years in 1982 to 53.9 years in 2002, it would appear that fewer young people have the opportunity or desire to pursue careers in production agriculture. Many agricultural producers and inhabitants of rural communities recognize this trend and often ponder whether it is lack of interest, lack of opportunity or both that cause youth to pursue other careers. Certainly, the highly competitive, capital intensive, lowmargin business that production agriculture has become could be expected to deter many college students from a career in farming or …

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Nebraska Farmland Values Continue On Upward Climb, Bruce B. Johnson, Aaron Raymond Mar 2005

Nebraska Farmland Values Continue On Upward Climb, Bruce B. Johnson, Aaron Raymond

Cornhusker Economics

Following a remarkable income year for most of Nebraska agriculture, it probably comes as no great surprise that agricultural land values rose sharply. Preliminary estimates for the year ending February 1, 2005 show the value of Nebraska farmland rising an average of 10.9 percent. This was the largest annual percentage increase of the past 16 years. The increase itself represents a value of more than $4.4 billion, and pushed the total estimated value of Nebraska’s agricultural real estate to nearly $45 billion.

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International Trade And The Cattle Industry, Dillon Feuz Mar 2005

International Trade And The Cattle Industry, Dillon Feuz

Cornhusker Economics

Trade flows of cattle and beef had been increasing over the last 20 years, that is until BSE was discovered in Canada and subsequently in the U.S. in 2003. How did the increased trade of cattle and beef products impact the beef industry, the cattle industry and/or the cow-calf producer? The goal of this short article is to look at annual trade flows from 1998-2002 to provide answers to the above questions. The year 2002 was the last full year when trade flows were not significantly impacted by the discovery of BSE in North America.

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Nebraska Supreme Court Decides Pumpkin Creek Case, J. David Aiken Mar 2005

Nebraska Supreme Court Decides Pumpkin Creek Case, J. David Aiken

Cornhusker Economics

On January 21, 2005 the Nebraska Supreme Court handed down its decision in Spear T Ranch v Knaub, deciding for the first time how conflicts between surface water irrigators and ground water irrigators will be resolved. The case is one of the most important Nebraska Supreme Court decisions in a generation, and will have significant legal impacts for years. This article, which appeared in the March 2005 Nebraska Farmer magazine, provides a brief overview of the Spear T Ranch decision.

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The Environmental Kuznet’S Curve, E. Wesley F. Peterson Mar 2005

The Environmental Kuznet’S Curve, E. Wesley F. Peterson

Cornhusker Economics

All children hope that they will someday make more money than their parents; just as parents hope their children will live more fulfilling lives than they did. These goals imply economic growth for the society as a whole. If the country expands its economic pie, there is more to go around for everyone. But economic growth could lead to excessive use of natural resources and other environmental amenities. If this is the case, there may be conflicts between growth and environmental protection, both of which are important social objectives. Exactly what is the relationship between economic growth and the use …

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Beef Demand Increased In 2004, Dillon Feuz Feb 2005

Beef Demand Increased In 2004, Dillon Feuz

Cornhusker Economics

Beef demand increased about 8-10 percent in 2004. What does that really tell us and how is beef demand measured? For cattle producers, how does an increase in beef demand impact the price for fed cattle, feeder cattle and calves? The objective of this article is to answer those questions.

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Ethanol In Nebraska, Richard K. Perrin Feb 2005

Ethanol In Nebraska, Richard K. Perrin

Cornhusker Economics

Ethanol production in the U.S. has mushroomed at the rate of nearly 20 percent per year in this young century. In Nebraska, ethanol production increased from about 500 million gallons in 1999 to over 700 million gallons in 2004. Furthermore, recent Nebraska plant construction suggests that it can be expected to increase by at least another 40 percent within the next year or two.

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Is There A Successor To Your Business?, David J. Goeller Feb 2005

Is There A Successor To Your Business?, David J. Goeller

Cornhusker Economics

Andrew Errington, a professor at the University of Plymouth, United Kingdom, surveyed farmers in England in 1997. He found that 66.3 percent of those farmers surveyed plan to never or only partially retire from farming, leaving only 33.7 percent who planned to someday fully retire. John Baker, Director of the Beginning Farmer Center at Iowa State University, replicated this survey in Iowa in 2000. The same survey was also taken in Virginia in 2001. Iowa results indicated 65 percent of those responding planned to never or only partially retire from their farming business. Results from Virginia indicate 76 percent of …

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Irrigation Development Continues In Nebraska, Aaron C. Raymond, Bruce B. Johnson Feb 2005

Irrigation Development Continues In Nebraska, Aaron C. Raymond, Bruce B. Johnson

Cornhusker Economics

Attribute it to the multi-year drought, the threat of future well-drilling moratoriums or an increase in farm income. Whatever the case, there has been a significant swell in new irrigation wells in Nebraska over the past eight years. This increase has been nothing less than tremendous for the last three years.

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Productivity And Welfare, Lilyan E. Fulginiti, Richard K. Perrin Feb 2005

Productivity And Welfare, Lilyan E. Fulginiti, Richard K. Perrin

Department of Agricultural Economics: Faculty Publications

Technical change is generally characterized by a rate and biases, both evaluated for given producer prices. This paper examines the potential discrepancy between this rate and the corresponding rate of consumer welfare change as measured by Allais distributable surplus. We postulate a general equilibrium context with various market failures (taxes, quotas, imperfect competition, and “poorly priced” commodities), and use comparative statics to express the rate of welfare change in terms of the rate and biases of the technical change. An elementary simulation model of a taxed economy suggests that the rate of welfare change may differ from the rate of …

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Nebraska Farm Real Estate Market Developments 2004-2005, Bruce B. Johnson, Aaron C. Raymond Feb 2005

Nebraska Farm Real Estate Market Developments 2004-2005, Bruce B. Johnson, Aaron C. Raymond

Nebraska Farm Real Estate Reports

During a period of record-level farm incomes, Nebraska farmland values rose an average of 11.9 % for the year ending February 1, 2005, the largest annual percentage increase of the past 16 years. The increase followed the sizable advances of the previous year, in contrast to several recent years of fairly stable to moderate value increases. While increases were reported by UNL survey respondents across the entire state, there was considerable variability in magnitude of percentage gains. Largest gains were recorded in southeast and eastern Nebraska, with changes of 18.8 % and 13.5 % respectively. Much smaller annual gains were …

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Crop Insurance Decisions For 2005, H. Douglas Jose Jan 2005

Crop Insurance Decisions For 2005, H. Douglas Jose

Cornhusker Economics

The prices established by the Risk Management Agency (RMA) used to calculate the premiums and indemnities for the standard APH/MPCI program for 2005 are: Corn $2.20 per bu. Grain Sorghum $2.15 per bu. Soybeans $5.00 per bu. The spring base prices for Crop Revenue Coverage (CRC) and Revenue Assurance (RA) are the averages of the closing prices during February for the December and November CBOT contracts for corn and soybeans, respectively. At the close on January 21, 2005, the DEC corn contract was at $2.28 and the NOV soybean contract was at $5.33. These are both significantly lower than the …

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Nebraska Beef Industry Development Act Of 2004, J. David Aiken Jan 2005

Nebraska Beef Industry Development Act Of 2004, J. David Aiken

Cornhusker Economics

Over the past thirty-five years, Congress has authorized promotion programs, known as checkoff programs, for a variety of agricultural commodities. In 2001 the U.S. Supreme Court invalidated the mushroom checkoff, concluding that the generic advertising infringed upon the free speech rights of producers who disagreed with the promotional message. In separate 2002 Federal District Court decisions the beef checkoff was invalidated, the pork checkoff was 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. (In 2003, two …

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Carbon Market Trading In A “State Of Fear”, Gary D. Lynne Jan 2005

Carbon Market Trading In A “State Of Fear”, Gary D. Lynne

Cornhusker Economics

Newspaper columnist George F. Will (“Crichton’s New Book Punctures Certitude About Global Warming,” Omaha World Herald (OWH), January 5, 2005, p. 7B) recently applauded a new novel, State of Fear, which proclaims global warming and the possibility for catastrophic changes in the climate as less than certain, if not an outright attempt to unduly stir fear in people. (I have not yet read the novel, so am relying here on those who have)! George Will sees the novel as helping us become “wholesomely skeptical” about global warming and climate change. On the same page in the Herald (thank-you, OWH, for …

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