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Agricultural and Resource Economics Commons™
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Articles 61 - 90 of 108
Full-Text Articles in Agricultural and Resource Economics
Nebraskans Down Under, Deb Rood
Nebraskans Down Under, Deb Rood
Cornhusker Economics
G’day mate was the phrase that twenty Nebraska ag folks heard as they stepped off the plane in Hobart, Tasmania, Australia this past March. It all began in 1998 at the International Women in Ag program in Washington D.C. It was there that the idea of a Nebraska - Tasmania ag woman exchange was born. The exchange program was based on the premise that ag women would learn more about international agriculture by experiencing another country’s agriculture first hand. The Nebraska delegation at the International Women in Ag Conference invited the Australia delegation to first visit our state.
Entrepreneurial Talent: “One Size Does Not Fit All”, Cheryl A. Burkhart-Kriesel
Entrepreneurial Talent: “One Size Does Not Fit All”, Cheryl A. Burkhart-Kriesel
Cornhusker Economics
Entrepreneurs are those that have a passion for creating and growing an enterprise. They have motivation and capacity in abundance. Although hard to describe, they are often one of those “I know it when I see it” phenomenons. But this is not where it stops - there are also other kinds of entrepreneurial talent looming in our communities that m ight not be as visible.
Reviewed Work: Regional Cuisines Of Medieval Europe By Melitta Weiss-Adamson, Ed., Ken Albala
Reviewed Work: Regional Cuisines Of Medieval Europe By Melitta Weiss-Adamson, Ed., Ken Albala
College of the Pacific Faculty Articles
No abstract provided.
Weather And Wheat Yields, Glenn A. Helmers, Saleem Shaik
Weather And Wheat Yields, Glenn A. Helmers, Saleem Shaik
Cornhusker Economics
It is well recognized that at particular times in the growing season weather can be a critical determinant of crop yield. Here we report research which identifies those periods and quantifies their impact. This research can be useful in understanding the yield impacts of the often discussed and debated issue of climate change. A shift in climate may change the level and variability of temperature and precipitation in critical crop growing stages. To better understand how climate change would impact crop yields, identifying those critical growing stages and quantifying their impact on yield is important.
Using Water Taxes To Retire Water Rights, J. David Aiken
Using Water Taxes To Retire Water Rights, J. David Aiken
Cornhusker Economics
In a 1998 law review article, Texas A&M University Professor Donald Kaiser recommends using a fee on water withdrawals to retire ground and surface water rights in order to protect endangered species. Kaiser & Phillips, “Dividing the Waters: Water Marketing as a Conflict Resolution Strategy in the Edwards Aquifer Region,” 38 Natural Resources Journal 411 (1998). Arizona groundwater law also authorizes groundwater taxes to fund buying groundwater rights to slow groundwater depletion. This article explores how such a strategy might be implemented to deal with Nebraska water conflicts, including conflicts between surface water users and groundwater users.
The Changing Hog Industry, Allen Prosch
The Changing Hog Industry, Allen Prosch
Cornhusker Economics
Pork producers dodged the worst possibilities of the fourth quarter of 2002 by marketing hogs earlier in the third quarter. By November, the action rekindled a rally in Summer 2003 prices, originally started in July of 2002 on confirmation that producers were reducing the breeding herd in the U.S. Price expectations for 2003, as represented by June Lean Hog Carcass Futures contract prices, were strong through the end of 2002. Continued adequate supplies of pork stalled advances at the beginning of this year (Figure 1).
The Interface Of Agricultural Land Leasing, Conservation, And Value Sets: An Analysis, John Cole, Larry Janssen, Bruce Johnson
The Interface Of Agricultural Land Leasing, Conservation, And Value Sets: An Analysis, John Cole, Larry Janssen, Bruce Johnson
Economics Staff Paper Series (1969 - 2017)
This paper explores the hypothesis that tenants do not farm leased land with the same management integrity as their owned property. It assesses today's agricultural land leasing practices in the context of sustainable resource management, specifically addressing the influences of human attitudes and value sets.
Faculty Exchange Program Finishes Its Fourth Year, Lynn Lutgen
Faculty Exchange Program Finishes Its Fourth Year, Lynn Lutgen
Cornhusker Economics
The Department of Agricultural Economics recently completed its fourth year of partnering with USDA in a Faculty Exchange Program. During August of each year beginning professors from Russian and the Ukraine arrive in Lincoln, stay for about five months and then return to their homelands. While in Nebraska they take classes, travel, develop new class outlines, collect material and write articles, all of which are used when they return home to introduce to new classes and extension activities at their respective universities. The last group brings the total to 17 visiting professors that we have hosted at Nebraska. Impressions of …
Prices Of Crop Productions Grown Organically In The Nothern Plains And Upper Midwest, Nick Streff, Thomas L. Dobbs
Prices Of Crop Productions Grown Organically In The Nothern Plains And Upper Midwest, Nick Streff, Thomas L. Dobbs
Economics Commentator (1972- 2016)
No abstract provided.
Country Of Origin Labeling: It’S Time To Start Keeping Records, Darrell R. Mark
Country Of Origin Labeling: It’S Time To Start Keeping Records, Darrell R. Mark
Cornhusker Economics
Labeling meat and other perishable agricultural products was vigorously debated prior to the approval of the 2002 farm bill. The passage of the Farm Security and Rural Investment Act in May, 2002 did create country of origin labeling (COOL); however, the controversy over COOL did not end there. In fact, it has intensified amongst producers, processors and retailers as they struggle to determine how to comply with COOL and exactly how it affects their operations.
Tough Love: Optimal Enforcement Of Output Quotas In The Presence Of Cheating, Konstantinos Giannakas, Murray Fulton
Tough Love: Optimal Enforcement Of Output Quotas In The Presence Of Cheating, Konstantinos Giannakas, Murray Fulton
Department of Agricultural Economics: Faculty Publications
This study builds on the literature on the economics of output quotas in the presence of cheating. We extend previous work by Giannakas and Fulton (2000a) by examining the decisions of the agency responsible for the enforcement of output quotas in a decentralized policy-making structure. Enforcement policy design is modeled as a sequential game between the agency that determines the enforcement of the quota program (designed by a regulator), and farmers who make production decisions. Analytical results show that the level of enforcement depends on the size of the enforcement costs and the political preferences of the enforcement agency - …
Costly (Dis)Agreement: Optimal Intervention, Income Redistribution, And Transfer Efficiency Of Output Quotas In The Presence Of Cheating, Konstantinos Giannakas, Murray Fulton
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 …
Strategic Labeling And Trade Of Gmos, Luc Veyssiere, Konstantinos Giannakas
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 …
Stable But Variable Characterizes Nebraska Agricultural Land Values, Glenn A. Helmers, Bruce B. Johnson
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.
Drought Decisions For Range Livestock Producers, Dillon Feuz
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.
Determinants Of Profitability In The Sd Beef Cow-Calf Enterprise, Carol J. Cumber
Determinants Of Profitability In The Sd Beef Cow-Calf Enterprise, Carol J. Cumber
Economics Commentator (1972- 2016)
No abstract provided.
Corn Farmers Face March 21 Deadline To “Opt Out” Of Proposed Starlink Class Action Lawsuit, J. David Aiken
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.
Defense And International Affairs In The Federal Budget, E. Wesley F. Peterson
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 …
Risk Management Update For Crops, Matthew A. Diersen
Risk Management Update For Crops, Matthew A. Diersen
Economics Commentator (1972- 2016)
No abstract provided.
Asset Based Community Development: A Model For Nebraska Communities?, John C. Allen
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.
Crop Revenue Coverage And Forward Pricing: A Case Study Under Irrigated Corn, Roger Selley
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 …
Incorporating Risk In Efficiency Analysis, Glenn A. Helmers
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.
The Economic Factors Influencing Producers’ Demand For Farm Managers, Keith H. Coble, Thomas O. Knight, George F. Patrick, Alan Baquet, Oscar Vergara
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.
Estimates And Interpretation Of Income Elasticities Of Demand For Food Products, Azzeddine Azzam
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 …
Smart Growth And Land Acquisition Priorities: A Cursory Review, New England Environmental Finance Center
Smart Growth And Land Acquisition Priorities: A Cursory Review, New England Environmental Finance Center
Smart Growth
It is well-known and generally accepted that all undeveloped land in New England cannot forever be protected from development; nor would this be a desirable goal, as continued economic development and population growth are near certainties. For these and other reasons, private land trusts and government agencies generally use explicit criteria to prioritize their land acquisition activities and prospects.
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
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 …
Crop Selection And The Potential Of Drought, H. Douglas Jose
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.
Republican River Litigation Settlement, J. David Aiken
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.
Kyoto Is Nearing Ratification: Carbon Storage Opportunity?, Gary D. Lynne
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 …
Investment Feasibility, Cash Flows And Financial Impacts, Glenn A. Helmers
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 …