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Agricultural and Resource Economics Commons™
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- Agricultural economics (34)
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Articles 61 - 90 of 162
Full-Text Articles in Agricultural and Resource Economics
Ecological Balance On Individual Crop-Livestock Farms: An Idealistic Notion Or Also Practically Feasible?, Donald Taylor, Diane Rickerl
Ecological Balance On Individual Crop-Livestock Farms: An Idealistic Notion Or Also Practically Feasible?, Donald Taylor, Diane Rickerl
Economics Staff Paper Series (1969 - 2017)
The following research question is examined in this article: Can one or more of eight case study integrated crop and cow-calf farms/ranches in South Dakota be simultaneously "balanced" from the standpoints of (1) amounts of manure produced "matching" (plus or minus 10%) the soil fertility needs of producers' cropland and rangeland and (2) amounts of feed-grains and roughages produced "matching" (plus or minus 10%) the nutrient needs of producers' livestock? The livestock manure production-utilization component of the study involves estimation and comparison of amounts of nitrogen (N) and phosphorus (P) (1) available to crops and grass in the manure produced …
Feedlot Manure Nutrient Loadings On South Dakota Farmland, Donald Taylor, Diane Rickerl
Feedlot Manure Nutrient Loadings On South Dakota Farmland, Donald Taylor, Diane Rickerl
Economics Staff Paper Series (1969 - 2017)
A key determinant of whether livestock manure is an asset or liability in agricultural production and to society more generally is the amount of manure produced relative to the nearby farmland area to which the manure can be economically transported for application. The objectives of the study reported in this article are to (1) estimate levels of manure nutrient (nitrogen = N and phosphorus = P) loadings on the cropland and rangeland associated with 78 feedlot farm operations in South Dakota and (2) determine factors, including size-of-feedlot and cropland hectarages, associated with cropland N and P loadings for the feedlots …
Profitability Of South Dakota's Commercial Banks, C. Lamberton
Profitability Of South Dakota's Commercial Banks, C. Lamberton
Economics Staff Paper Series (1969 - 2017)
Over the recent seven year business cycle of 1988-94, South Dakota banks have seen their profitability improve significantly. This has contributed to a strengthening of the banks in the state and in their ability to meet the financial needs of their customers and communities. The data in this report show that while bank earnings have been strong, the gains have not been distributed evenly across banks of all sizes. The data also demonstrate the related differences in loan portfolios among the banks of varying size. This report describes the improved profitability, the sources of the improved profits, and the distribution …
Factors Affecting Post-Crp Land Use Intentions In The Northern Plains, Larry Janssen, Tecleberhan Ghebremicael
Factors Affecting Post-Crp Land Use Intentions In The Northern Plains, Larry Janssen, Tecleberhan Ghebremicael
Economics Staff Paper Series (1969 - 2017)
Post-CRP land use intentions of Conservation Reserve Program contract holders in South Dakota are examined. Results from logistic regression models indicate CRP crop base acres, farm commodity and conservation program provisions, and livestock/hay management are major factors affecting post-CRP land use plans.
Economic And Environmental Contributions Of Wetlands In Agricultural Landscapes, Larry Janssen, Diane Rickerl, Eric Stebbins, Tom Machacek
Economic And Environmental Contributions Of Wetlands In Agricultural Landscapes, Larry Janssen, Diane Rickerl, Eric Stebbins, Tom Machacek
Economics Staff Paper Series (1969 - 2017)
The purpose of this project was to determine key environmental and economic relationships between agricultural practices and wetlands in the Prairie Pothole Region (PPR) of eastern South Dakota. Water quality and water quantity variables were the key environmental parameters examined. Economic cost and returns by farm management system and wetland proximity were the key economic parameters. The three farm management systems examined were conventional (CON) transitional no-till (TNT), and organic (ORG). The TNT and CON management systems used synthetic fertilizers and chemical pesticides. The ORG system used no synthetic fertilizers and generally no chemical pesticides. The ORG system had greater …
Organic Versus Sustainable Fed Cattle Production: A South Dakota Case Study, Donald Taylor, Dillion Feuz, Ming Guan
Organic Versus Sustainable Fed Cattle Production: A South Dakota Case Study, Donald Taylor, Dillion Feuz, Ming Guan
Economics Staff Paper Series (1969 - 2017)
This is an exploratory study of "organic11 versus "sustainable" agriculture applied to fed cattle production. Two interrelated premises underlie the study. The paramount factors considered in current certification standards for organic beef production, in our judgment, are (1) protection of animal health and welfare and (2) production of a differentiated product intended to be conducive to consumer health and which, therefore, will command a price premium in the market. Second, we believe the concept of sustainability embraces concerns extending beyond those currently embodied in organic production standards. The theme of organic versus sustainable fed cattle production is examined through development …
Cendak And South Dakota: An Economic Impact Study, Martin Beutler
Cendak And South Dakota: An Economic Impact Study, Martin Beutler
Economics Staff Paper Series (1969 - 2017)
CENDAK is an acronym for the Central South Dakota Water Supply System and is a multi purpose water delivery system which would use Missouri River water from Lake Oahe. The project would service 300,000 acres of farmland. Other potential uses of the project would be for a municipal and industrial water supply system. Economic activity generated from construction of CENDAK is estimated at $911.9 million, providing over 10, 700 temporary, full- and part-time employment opportunities in the 1 O year construction process and in industries which support construction of the project. Annual operation, maintenance, and repair costs of CENDAK would …
South Dakota Coordinated Resource Management, James Johnson, Martin Beutler
South Dakota Coordinated Resource Management, James Johnson, Martin Beutler
Economics Staff Paper Series (1969 - 2017)
CRM is young in South Dakota. Operating MOU's were signed in December 1988 to accommodate traditional and emerging issues on private as well as public lands. It wasn't until 1994 that fiscal resources were assembled to provide intensive CRM training. The training is three tiered: (1) inform high level administrators and organizational leaders about CRM and solicit their support, (2) present 13 CRM Community Training workshops in 2·day sessions to local community leaders, including landowners and resource personnel, and (3) train a cadre of CRM facilitators in two a day sessions, both private and public, broadly dispersed in the state, …
Agricultural Producer Responses To Water Quality Issues, Proposed Water Quality Policy Options, And Related Farm Management Practices, Burton Pflueger, John Cole
Agricultural Producer Responses To Water Quality Issues, Proposed Water Quality Policy Options, And Related Farm Management Practices, Burton Pflueger, John Cole
Economics Staff Paper Series (1969 - 2017)
Farmers are becoming increasingly aware of the environmental consequences of farming practices that have become "conventional" over the last 30 to 40 years. As agricultural producers, they are expressing concern about erosion, ground water contamination, and personal health considerations from chemical use. At the same time, farmers are concerned about the economic viability of their operations. Farmers cannot afford to sacrifice net farm income in order to meet stricter environmental regulations. A software package named Planetor has been developed that can be used to examine the interrelationships between economic sustainability and environmental safety. Researchers working on the Big Sioux Aquifer …
Production Uncertainty And Factor Price Disparity In The Slaughter Cattle Market: Theory And Evidence, Scott Fausti, Dillon Feuz
Production Uncertainty And Factor Price Disparity In The Slaughter Cattle Market: Theory And Evidence, Scott Fausti, Dillon Feuz
Economics Staff Paper Series (1969 - 2017)
The theoretical analysis of competitive firm behavior under economic uncertainty has been explored in the areas of input and output price uncertainty in the papers by Baron (1970), Sandmo (1971), Batra and Ullah (1974), and Blair (1974) among others. The issue of the competitive firm facing production uncertainty generated by input quality variability was addressed in a paper by Ratti and Ullah (1976). Other papers applied their approach to specific areas, such as, wage discrimination being explained by labor quality variability.1 A simple model of a competitive firm confronting production uncertainty, generated by the variability in the flow of factor …
Risk And Market Participant Behavior In The U.S. Slaughter Cattle Market, Dillon Feuz, Scott Fausti, John Wagner
Risk And Market Participant Behavior In The U.S. Slaughter Cattle Market, Dillon Feuz, Scott Fausti, John Wagner
Economics Staff Paper Series (1969 - 2017)
Incomplete and varying degrees of information on product quality creates risk in a market transaction. Numerous researchers have documented that market participants will react differently in the presence of risk depending upon their attitudes toward risk. Many of these studies have classified agricultural market participants according to the Arrow-Pratt risk aversion coefficient into three general categories of risk averse, risk neutral, or risk preferring (Raskin and Cochran, Wilson and Eidman, King and Robinson) and have found individuals in all three categories. The U.S. slaughter cattle market is currently operating in an environment where the amount of information available on product …
Major Characteristics Of And Post-Contract Land Use Intentions For Conservation Reserve Program Wetland Tracts, Larry Janssen, Martin Beutler, Tecleberhan Ghebremicael
Major Characteristics Of And Post-Contract Land Use Intentions For Conservation Reserve Program Wetland Tracts, Larry Janssen, Martin Beutler, Tecleberhan Ghebremicael
Economics Staff Paper Series (1969 - 2017)
South Dakota has one-third of the 410,000 wetland acres enrolled in the U.S. Conservation Reserve Program in the 8th and 9th signup periods in 1989. The major objectives are: (1) to examine the major characteristics of CRP wetland tracts, and (2) to determine post-CRP contract land use plans for CRP wetland tracts. The major data sources are the USDA CRP contract file database for South Dakota and a 1993 CRP survey of a random sample of South Dakota CRP contract holders. The major physical, location, and crop base characteristics of 2429 CRP wetland contracts in South Dakota indicates a profile …
Factors Influencing Post-Contract Crp Land Use Decisions In South Dakota, Larry Janssen, Martin Beutler, Tecleberhan Ghebremicael
Factors Influencing Post-Contract Crp Land Use Decisions In South Dakota, Larry Janssen, Martin Beutler, Tecleberhan Ghebremicael
Economics Staff Paper Series (1969 - 2017)
The major objective is to determine the most important factors that affect contract holders post-CRP land use decisions in South Dakota. The major data source is a 1993 CRP survey sent to a random sample of 8. 33% of South Dakota CRP contract holders and completed by 5 5 6 of 1133 persons contacted. Management, socio-economic, and land use intentions data are combined with their CRP contract file from USDA. Respondents are classified into major categories based on their post-contract CRP land use intentions. Descriptive statistics are used to compare physical, management, economic, and demographic characteristics by respondent land use …
Implications Of Tomorrow's Environment For Agricultural Economics Programs In Different-Sized Departments And For Non-Land Grant Universities, Ardelle Lundeen
Implications Of Tomorrow's Environment For Agricultural Economics Programs In Different-Sized Departments And For Non-Land Grant Universities, Ardelle Lundeen
Economics Staff Paper Series (1969 - 2017)
This paper focuses on trends in five areas which appear to have significant implications for the future of agricultural economics departments: population changes, changes in the structure of agriculture, the advent of the information society/computer age, work force changes, and changes in higher education. I believe trends in these areas have already affected agricultural economics departments and will continue to do so.
The Effects Of Uncertainty On Market Structure: The South Dakota Slaughter Cattle Market, Scott Fausti, Dillon Feuz
The Effects Of Uncertainty On Market Structure: The South Dakota Slaughter Cattle Market, Scott Fausti, Dillon Feuz
Economics Staff Paper Series (1969 - 2017)
In terms of population and income, South Dakota is a small, rural state relative to the rest of the nation. South Dakota's 1992 Gross State Product (GSP) was roughly 12 billion dollars, which implies South Dakota contributes .2% toward U.S. Gross Domestic Product (GDP). The agricultural sector of the South Dakota economy contributed approximately 10% to GSP in 1992. The beef industry is the largest agricultural subsector in the state. In 1992, it generated 1.3 billion dollars in marketing revenue and produced approximately 41% of agriculture's contribution to GSP. The importance of the beef industry to the South Dakota's economy …
The Effect Of Enforcement And Taxes In A Joint Export, Scott Fausti
The Effect Of Enforcement And Taxes In A Joint Export, Scott Fausti
Economics Staff Paper Series (1969 - 2017)
This paper proposes a model of joint product smuggling which explicitly examines the roles of uncertainty, enforcement, taxes, and the magnitude of a real resource cost in determining the firm's decision to smuggle and smuggling's impact on welfare and tax revenue collection. A framework is presented in which: 1) the tax rate, 2) the level of government enforcement, and 3) the real resource cost are analyzed to determine their impact on a firm's decision to smuggle or engage in strictly legal trade. The results derived in the paper indicate that the implied policy solution for the smuggling problem arrived at …
Beef Cattle Producer "Sustainability" And "Organic” Indices, Donald Taylor, Dillon Feuz
Beef Cattle Producer "Sustainability" And "Organic” Indices, Donald Taylor, Dillon Feuz
Economics Staff Paper Series (1969 - 2017)
This paper covers one component of a research project aimed at exploring the sustainability of beef cattle production in South Dakota. In this exploratory research, farmers/ranchers who follow alternative "near-organic" production practices are being studied in relation to farmers/ranchers who follow "mainstream" production practices. The study is being accomplished through comparisons of four "matching" pairs of "near-organic" and "mainstream" case study farms/ranches, with the members of each pair being as similar as possible in size-of-operation, types of cattle, natural and economic resources, and overall farm management levels. The comparisons involve both physical and economic measures of production. To determine farmers/ranchers …
Implications Of Sustainable Farming Systems In The Northern Great Plains For Farm Profitability And Size, Thomas Dobbs
Implications Of Sustainable Farming Systems In The Northern Great Plains For Farm Profitability And Size, Thomas Dobbs
Economics Staff Paper Series (1969 - 2017)
Labor intensity and returns to labor and management are compared for sustainable (alternative), conventional, and reduced tillage farming systems in the Northern Great Plains, using 7 years of data from a study in South Dakota running through 1992. Implications for farm size of substituting sustainable for conventional systems are examined.
The Skills And Training Needed By Farm Management Researchers In The Future: Discussion, Douglas Franklin
The Skills And Training Needed By Farm Management Researchers In The Future: Discussion, Douglas Franklin
Economics Staff Paper Series (1969 - 2017)
This paper discusses Loren Tauer's paper entitled "The Skills and Training Needed by Farm Management researches in the Future. "To discuss the skills and training needed in the future, the priorities identified for the future are to be specified to indicate the direction training may need to be focused. As noted English novelist-playwright and Nobel Prize winner John Galsworthy stated, “If you do not think about the future, you cannot have one. "Thus, this paper is a forward looking paper in that regard, thinking about the future so that we can focus on a direction. However, Alan Greenspan has pulled …
Results Of Economics Department Alumni Survey, Ziahong Yu, Ardelle Lundeen
Results Of Economics Department Alumni Survey, Ziahong Yu, Ardelle Lundeen
Economics Staff Paper Series (1969 - 2017)
In 1989, the Economics Department conducted a survey of its alumni. Questionnaires were sent to a random sample of 750 alumni who graduated between the years of 1978 and 1988. The response rate was 44% (329 responses). The objective of the survey was to provide the SDSU Economics Department with information on how well the curriculum had prepared graduates for their careers and subsequent employment experiences. The survey information will be used to modify the curriculum, as needed, to improve the quality of education and career preparation for students graduating with majors from the Economics Department.
Asean-4: Agricultural Diversification In The 1990s, Donald Taylor
Asean-4: Agricultural Diversification In The 1990s, Donald Taylor
Economics Staff Paper Series (1969 - 2017)
Agricultural "diversification" is a prominent theme in ASEAN-4 (Indonesia, Malaysia, Philippines, and Thailand) today. Since formulation of Indonesia's First 5-Year Development Plan in 1969, the four primary concepts guiding the country's development have been intensification, extensification, rehabilitation, and diversification. In the Fifth Plan (1989-94), diversification was shifted up to top priority (Kasryno, et al., 1992, 1; Saroso, 1991, 184). Malaysia's policies for export diversification have resulted in the value added from tin and rubber relative to the total value of primary exports decreasing from 63% in 1970 to 15% in 1990 (Yaacob, 1992, 4). Within agriculture, Malaysia has adopted policies …
Determining A "Fair" Beef Cow Lease Agreement When Risk Is Considered, Dillon Feuz
Determining A "Fair" Beef Cow Lease Agreement When Risk Is Considered, Dillon Feuz
Economics Staff Paper Series (1969 - 2017)
This publication is intended to illustrate a method of determining a fair lease agreement. The budget and coefficients were representative of a particular resource base in 1989. Individual producers may have very different costs and production coefficients for their cow herds. As author, I do not wish to imply that lease agreements should be based on the same proportion of receipts as depicted in this example budget. There also is an example of a written lease agreement in an appendix at the end of the manuscript. This is only an example to illustrate the type of issues the two parties …
Underlying Values And Beliefs "Modern Science" Versus "Sustainable Development", Donald Taylor
Underlying Values And Beliefs "Modern Science" Versus "Sustainable Development", Donald Taylor
Economics Staff Paper Series (1969 - 2017)
This article focuses on personal values and beliefs that critically underlie the "sustainable development" controversy and on the implications of those values and beliefs to personal and professional decision-making. The issues are presented through two contrasting paradigms: a "modern scientific worldview" (MSW) and a "sustainable development worldview" (SDW). MSW is intended to characterize the perspectives of most current-day academics, development practitioners, businessmen, and everyday citizens. SDW characterizes those disenchanted with MSW. Their disenchantment arises from concerns over possible adverse long-term implications of decisions arising from MSW which tend to be dominated by relatively immediate, narrowly based, and self-interested considerations. The …
Differences In Longitudinal Union Relative Wage Effects Across Gender And Race, Dwight Adamnson
Differences In Longitudinal Union Relative Wage Effects Across Gender And Race, Dwight Adamnson
Economics Staff Paper Series (1969 - 2017)
This paper utilizes longitudinal union variables to examine the gender differences in the wage change from entering and leaving the union sector, as well as gender differences from remaining with a union employer and advancing up the seniority ladder. The union effects are estimated over a time trend from the late 19608 to the early 19808. The empirical results show that the female union joiner effect declines over time while the magnitude of the male union effect remains fairly stable over time. In general, the results show that unions' ability to impact wages for all white workers and black female …
Divestiture, By-Pass, Entry, Cross Subsidization: Conflicting Forces In The Deregulation Of The South Dakota Telecommunications Market, Dwight Adamnson, Jack Triweiler
Divestiture, By-Pass, Entry, Cross Subsidization: Conflicting Forces In The Deregulation Of The South Dakota Telecommunications Market, Dwight Adamnson, Jack Triweiler
Economics Staff Paper Series (1969 - 2017)
This study reviews the impact the divestiture of AT&T had on the South Dakota telecommunications market, and explains the technological changes that have occurred and how these changes have been translated into lower costs. The South Dakota telecommunications market is examined under the scenarios: 1) fully regulated; 2) partial regulation; and 3) unregulated market. ARIMA procedures are used to forecast changes in revenues under the two different regulatory schemes. The degree of contestability of the South Dakota Telecommunications market is investigated to determine if competitions is suitable for the unregulated scenario. The study argues that the market is competitive.
Retained Ownership Revisited: The Economic Significance Of Genetic Variability, Dillon Feuz, John Wagner, Larry Held
Retained Ownership Revisited: The Economic Significance Of Genetic Variability, Dillon Feuz, John Wagner, Larry Held
Economics Staff Paper Series (1969 - 2017)
Genetic and biological variability of calves placed into different retained ownership programs are examined. The genetic ability to grade choice is a critical factor influencing profitability of retaining calves to a slaughter weight. Weaning weight influences the type of retained ownership program for which a calf will be most profitable.
An Empirical Analysis Of The Efficiency Of Four Alternative Marketing Methods For Slaughter Cattle, Dillon Feuz, John Wagner, Scott Fausti
An Empirical Analysis Of The Efficiency Of Four Alternative Marketing Methods For Slaughter Cattle, Dillon Feuz, John Wagner, Scott Fausti
Economics Staff Paper Series (1969 - 2017)
Four alternative marketing methods for slaughter cattle were analyzed and empirically examined for pricing efficiency. Profits per head were found to be significantly different under the various marketing methods. Greater price discrimination occurred as carcass information increased. Increased price discrimination led to greater dispersion of profit from one marketing method to another. Different marketing methods appeared to send different production signals to producers. The desires of the consumer for less fat and a high quality product did not appear to be reaching the producers in the form of profit incentives under the most widely used marketing method.
Economic Impact Of Livestock Grazing And Recreation On The Ft. Pierre National Grasslands, Martin Beutler
Economic Impact Of Livestock Grazing And Recreation On The Ft. Pierre National Grasslands, Martin Beutler
Economics Staff Paper Series (1969 - 2017)
As a result of the Coordinated Resource Management (CRM) effort on the Ft. Pierre National Grasslands (FPNG). I was asked to provide an economic analysis of livestock grazing and recreation and demonstrate the importance of each to the Ft. Pierre region. Data used in this analysis consist of actual Animal Unit Months (AUMs) of grazing on the Ft. Pierre National Grasslands as provided by the Central South Dakota Cooperative Grazing District, and information from reports published by the U.S. Forest Service, U.S. Fish & Wildlife Service, and the S.D. Crop and Livestock Reporting Service. The model used to determine the …
Planetor: Review And Application, John Cole, Burton Pflueger
Planetor: Review And Application, John Cole, Burton Pflueger
Economics Staff Paper Series (1969 - 2017)
Farmers are becoming increasingly aware of the environmental consequences of farming practices that have become "conventional" over the last 30 to 40 years. As agricultural producers, they are expressing concern about erosion, ground water contamination, and personal health considerations from chemical use. At the same time, farmers are concerned about the economic viability of their operations. Farmers cannot afford to sacrifice net farm incomes in order to meet stricter environmental regulations. A new software package named Planetor has been developed that can be used to examine the interrelationship between economic sustainability and environmental safety. Researchers working on the Big Sioux …
Crop Production Management In South Dakota: Lisa Farmers Compared To Farmers In General, Donald Taylor, David Becker, John Cole, Thomas L. Dobbs
Crop Production Management In South Dakota: Lisa Farmers Compared To Farmers In General, Donald Taylor, David Becker, John Cole, Thomas L. Dobbs
Economics Staff Paper Series (1969 - 2017)
This paper summarizes (1) five main contrasts in crop production management between LISA and conventional farmers in South Dakota and (2) reactions of panels of LISA farmers, conventional farmers, and other key informants to the existence of and explanations for apparent contrasts, between LISA farmers and farmers in general, in their respective crop production practices.