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Full-Text Articles in Agricultural and Resource Economics

Biotechnology -- Some Implications Of Its Use In Agriculture, Evert Van Der Sluis Oct 2001

Biotechnology -- Some Implications Of Its Use In Agriculture, Evert Van Der Sluis

Economics Commentator (1972- 2016)

No abstract provided.

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Cash - Where It Comes From, Where It Goes, Larry L. Bitney Oct 2001

Cash - Where It Comes From, Where It Goes, Larry L. Bitney

Cornhusker Economics

The Statement of Cash Flows is an important financial statement for the farm or ranch business manager. While an accrual income statement explains the difference in net worth from one balance sheet to the next, the statement of cash flows explains the difference in cash and cash equivalents from one balance sheet to the next.

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Focus Fall 2001 Oct 2001

Focus Fall 2001

FOCUS: Economic Issues for Nebraskans

Contents:
Retailing trends and household buying patterns by Bruce B. Johnson and John C. Allen
Are there opportunities to enter production agriculture today? by David J. Goeller
Carbon sequestration by Glenn A. Helmers
Food system evolution: A forerunner to change in production agriculture? by A.L. (Roy) Frederick
Getting dirty down on the farm by J. David Aiken
The use of experimental auction markets to study consumer demand by Wendy J. Umberger, Dillon M. Feuz, Chris R. Calkins and Karen M. Killinger
Focus on teaching
Focus on research
Focus on outreach
Focus on people

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Selected Economic Implications And Policy Aspects Of Agricultural Biotechnology, Evert Van Der Sluis, Matthew Diersen, Thomas Dobbs Oct 2001

Selected Economic Implications And Policy Aspects Of Agricultural Biotechnology, Evert Van Der Sluis, Matthew Diersen, Thomas Dobbs

Economics Staff Paper Series (1969 - 2017)

The paper provides an overview of the types of economic costs, benefits, and risks involved with agricultural biotechnology at the farm level, at the market level, and for the farm and food system as a whole. Both advantages and disadvantages of agricultural biotechnology are discussed. Among the drivers of the US domestic and international consumer demand for transgenic crop products discussed in the paper are environmental and food safety concerns. A comparison is made between a 'science-based' regulatory framework and a policy based on the precautionary principle. The authors argue that open dialogue is needed for achieving improved public understanding …

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Transgenic Crops And The Environment: Missing Markets And Public Roles, David E. Ervin, Sandra S. Batie Oct 2001

Transgenic Crops And The Environment: Missing Markets And Public Roles, David E. Ervin, Sandra S. Batie

Economics Faculty Publications and Presentations

The rapidity of change has left scant opportunity for investigation of the consequences of adoption of transgenic crops on long-term ecosystem or economic system functioning. Economic theory suggests that, if the "Biotechnology Revolution" is left to market forces alone, there will be neglected public goods. Theory and limited empirical evidence suggests that there are significant incentives for private firms to discount and neglect certain environmental impacts and to develop products that meet mainly the needs of those able and willing to pay. Negative distributional impacts on rural societies and economies will not normally enter the private calculus nor will the …

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Women In Agriculture Conference 2001, Deb Rood Sep 2001

Women In Agriculture Conference 2001, Deb Rood

Cornhusker Economics

Each year, the conference Women in Agriculture: The Critical Difference brings together women who are involved in production agriculture and agribusiness. The conference is designed to provide women information about the management of their agricultural business. This year the conference was held on September 13 - 14 at the Kearney Holiday Inn. The conference had over 400 ag women in attendence from Nebraska, Kansas, Colorado, Iowa and Australia. A delegation of fourteen Australian ag women and men came to learn about Nebraska agriculture. The members arrived in Omaha on September 9th and spent three days touring around Schuyler and attending …

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Dry Edible Bean Production Costs In Nebraska And By Region, Paul Burgener, Dillon Feuz Sep 2001

Dry Edible Bean Production Costs In Nebraska And By Region, Paul Burgener, Dillon Feuz

Cornhusker Economics

The Nebraska dry edible bean industry has an extended history of production and processing in the North Platte River Valley. In the time that dry beans have been produced in the area, the region has developed a reputation for producing a consistently high quality product for both the domestic and export marketplace. Nebraska has historically been the market leader in Great Northern bean production with more than 85 percent of this market class being produced here. With the interest in dry bean production increasing throughout North America, it is an opportune time to evaluate cost of production by geographic region, …

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An Empirical Investigation In To The Factors Influencing The Economic Incentive To Retain Ownership Of Weaned Steer Calves, Scott Fausti, Brad Johnson, William Epperson, Nancy Grathwohl Sep 2001

An Empirical Investigation In To The Factors Influencing The Economic Incentive To Retain Ownership Of Weaned Steer Calves, Scott Fausti, Brad Johnson, William Epperson, Nancy Grathwohl

Economics Staff Paper Series (1969 - 2017)

Marketing and production data collected from weaned calves (628 head) in a university sponsored retained ownership demonstration program are analyzed to identify factors affecting the annualized rate of return when retaining ownership versus selling the calves at weaning. Data were collected on the following characteristics associated with the calves: 1) ranch-of-origin production management practices; 2) feedlot performance; 3) carcass merit; 4) health history; and 5) market prices. Retained ownership until slaughter was more profitable, on average, when compared to selling calves at weaning. The calculated annualized rate of return to retained ownership versus selling calves at weaning averaged 11.5% per …

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Successful Farm Business Transitions, David J. Goeller Sep 2001

Successful Farm Business Transitions, David J. Goeller

Cornhusker Economics

Nebraska farmers and ranchers are growing older. The trend continues. Who will farm the land and operate the farm/ranch business in generations to come? The answer to these questions in part will depend on how successful we are at transferring farm and ranch businesses to the next generation.

Successful farm business transitions do not occur without planning and effort. Sure, the assets will be owned by someone upon the death of the farmer/rancher, but the farm business will not continue unless planning and decision making have occurred.

The steps that have produced successful transitions in the past have typically not …

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Daily Labor Requirements Under Initiative 300, J. David Aiken Sep 2001

Daily Labor Requirements Under Initiative 300, J. David Aiken

Cornhusker Economics

Article 8 §12 of the Nebraska Constitution (Initiative 300) establishes several requirements that corporations must meet in order to legally qualify as family farm or ranch corporations. Under one provision, a majority of the family farm or ranch corporation’s shareholders must be family members, “at least one of whom is a person residing on or actively engaged in the day to day labor and management of the farm or ranch.” In Hall v Progress Pig Inc., 259 Neb 407 (2000) the Nebraska Supreme Court ruled that where no family member resides on the farm or ranch, a family member …

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Does The Producer Have An Incentive To Sell Fed Cattle On A Grid?, Scott Fausti, Bashir Qasmi Sep 2001

Does The Producer Have An Incentive To Sell Fed Cattle On A Grid?, Scott Fausti, Bashir Qasmi

Economics Staff Paper Series (1969 - 2017)

Barriers to the adoption of grid pricing by fed cattle producers are investigated over a 206-week period (Jan. 1997 to Dec. 2000). The empirical findings document: I) when fed cattle are evaluated on a grid pricing system versus a dressed weight pricing system, a price differential per cwt. and a per-head revenue differential exists over time, 2) the price differential per cwt. is subject to seasonal variation which contributes to inconsistent price signals transmitted to producers concerning the market value of carcass characteristics over time; 3) grid revenue per-head variability is consistently higher than dressed weight revenue per-head variability over …

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Technological Choice: California Wild Rice Processing Under Uncertain Demand, Jay E. Noel, James J. Ahern, Jess Errecarte, Kyle Schroeder Sep 2001

Technological Choice: California Wild Rice Processing Under Uncertain Demand, Jay E. Noel, James J. Ahern, Jess Errecarte, Kyle Schroeder

Agribusiness

This study is concerned with technological choice under uncertain demand conditions. It begins with an overview of the California wild rice market. The wild rice product is described, the wild rice industry is review and wild rice market conditions are explored. The overview is followed by a discussion of wild rice processing. Technological choice and competitive strategy issues are reviewed and then a framework for choosing between two competing technologies is proposed. The two competing technologies differ in their ability to store and process wild rice over a marketing year. The traditional technologies requires almost immediate processing of the harvested …

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Testing The Impact Of Corporate Farming Restrictions On The Nebraska Hog Industry, Holger Matthey, Jeffrey S. Royer Sep 2001

Testing The Impact Of Corporate Farming Restrictions On The Nebraska Hog Industry, Holger Matthey, Jeffrey S. Royer

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

This paper evaluates the implications of corporate restrictions on production agriculture using the case of the Nebraska hog industry. Corporate farming restrictions prohibit the acquisition or operation of agricultural land by nonfamily farm or ranch corporations. A partial adjustment model with a variable coefficient of adjustment is used to study the policy change. The results of the study support the hypothesis that the corporate farming restrictions in Nebraska have reduced the Nebraska hog industry’s ability to adjust its inventory to target levels. A significant shift in inventory adjustment behavior is shown to coincide with the enactment of the corporate restrictions.

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Irrigation Pumping Costs, Roger Selley Aug 2001

Irrigation Pumping Costs, Roger Selley

Cornhusker Economics

Energy prices have risen dramatically in the last two years, with changes also taking place in relative prices between energy sources. Representative prices paid for three major energy alternatives over the last five years are reported below in Table 1. Actual prices paid have also varied considerably depending upon when the fuel was purchased during the year and the supplier. The cost of natural gas (not reported here) and electricity, are complicated with total energy supply costs that depend upon both consumption and annual connect charges. Electricity rates also depend upon the frequency of interruption of service selected. The total …

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Platte River Policy Preferences, Ray Supalla Aug 2001

Platte River Policy Preferences, Ray Supalla

Cornhusker Economics

The Platte River system consists of the North Platte and South Platte Rivers. The North Platte begins in North Central Colorado, passes through South Central Wyoming, crosses all of Nebraska and joins the Missouri River at Omaha, Nebraska. The South Platte begins in East Central Colorado and joins the North Platte River at North Platte, Nebraska. The Platte system provides irrigation water to over one million acres, supplies 300 MW of hydroelectric power, supports in excess of two million visitor days of recreation each year and provides critical habitat for fish and wildlife. The reach of the Platte River between …

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Is There A Chance For Crop Prices To Rise?, Lynn Lutgen Aug 2001

Is There A Chance For Crop Prices To Rise?, Lynn Lutgen

Cornhusker Economics

By the time USDA released its August 10th report, a large portion of the U.S. had already suffered under several days of 95 plus degree weather. Crop conditions tend to deteriorate under these conditions, and several of the hot days are not reflected in the August 10th report. Corn production is forecast at 9.27 billion bushels, which is down seven percent from last year. Remember, these crop conditions are based on an August 1 date, and will not have the impact of the later days of hot weather in them. Based on the conditions of August 1, yields are now …

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Pumpkin Creek Surface-Groundwater Dispute, J. David Aiken Aug 2001

Pumpkin Creek Surface-Groundwater Dispute, J. David Aiken

Cornhusker Economics

Pumpkin Creek, a tributary of the North Platte River, historically flowed from eastern Wyoming into the Nebraska Panhandle through Banner County, and joined the North Platte River in Morrill County near Bridgeport. Over 20 years ago, Pumpkin Creek was closed to the issuance of new surface water rights by the Nebraska Department of Water Resources (now the Department of Natural Resources or DNR), due to streamflow reductions. In March 2001 the North Platte Natural Resources District (NRD) established the Pumpkin Creek Groundwater Management Subarea and closed the subarea to new well drilling. Existing wells must be metered in 2003 and …

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World Dairy Product Trade: Analysis With A Mixed Complementarity Problem Formulation, Charles F. Nicholson, Phillip M. Bishop Aug 2001

World Dairy Product Trade: Analysis With A Mixed Complementarity Problem Formulation, Charles F. Nicholson, Phillip M. Bishop

Agribusiness

World trade in dairy products is being transformed by trade policy liberalization and technological change in dairy processing. The mixed complementarity problem formulation to modeling product-specific dairy trade can overcome a number of the limitations of existing optimization models, and can facilitate desirable extensions to previous analyses.

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Carbon Emissions The Problem: Carbon Storage The Solution?, Gary D. Lynne, Colby Kruse Aug 2001

Carbon Emissions The Problem: Carbon Storage The Solution?, Gary D. Lynne, Colby Kruse

Cornhusker Economics

A recent newspaper story line reads “178 Nations Reach Climate Accord; U.S. Only Looks On” (New York Times Interactive Edition, July 24, 2001). The underlying Press Release from the United Nations Framework Convention on Climate Change (UNFCCC) affirms that indeed many governments have adopted an agreement on Kyoto Protocol rules, including economic powers represented in Japan and the European Union, as well as our neighbors in spirit as well as proximity, Australia and Canada. The UNFCCC is the entity that organizes the meetings of the Conference of the Parties (COP), with 4,500 participants representing 180 nations at the recent July …

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Characteristics Of U.S. Farms, Richard T. Clark Jul 2001

Characteristics Of U.S. Farms, Richard T. Clark

Cornhusker Economics

The Economic Research Service (ERS) of USDA recently issued a report about the structure and financial characteristics of U.S. farms. The report used several data sources to compare and contrast U.S. farms. A primary source of data was the 1998 Agricultural Resource Management Study (ARMS). The ARMS collect financial data from a sample of U.S. farms. These surveys are jointly designed and conducted each year by ERS and the National Agricultural Statistics Service (NASS).

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Farm Bill Moves To Fast Track, Roy Frederick Jul 2001

Farm Bill Moves To Fast Track, Roy Frederick

Cornhusker Economics

Time to fish or cut bait with respect to a new farm bill. Six months ago, I would have bet on bait-cutting. Now, I’m not so sure. We just might go fishing before the year is over.

History is on the side of tardy completion of farm bills. In 1985 and 1990, bills were signed into law just days before the December 31 expiration of the old legislation. Then, in 1995, deliberations lagged even more. That year’s farm bill was not completed until April, 1996. (Subsequently, it has come to be known as the 1996--not the 1995--farm bill).

Current legislation …

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Internet Access In The United States, Matt Spilker Jul 2001

Internet Access In The United States, Matt Spilker

Cornhusker Economics

The rapid expansion of Internet has changed the business landscape throughout the United States. But as Internet becomes a larger part of everyday life, do we all have equal access to its resources? How does Internet access differ across categories such as geography, race and ethnicity, income and education?

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Consumer Perceptions Of Three Food Safety Interventions Related To Meat Processing, Christiane Schroeter, Karen P. Penner, John A. Fox Jul 2001

Consumer Perceptions Of Three Food Safety Interventions Related To Meat Processing, Christiane Schroeter, Karen P. Penner, John A. Fox

Agribusiness

A focus group study with 37 residents of Manhattan, Kansas, was conducted to examine consumers' risk perceptions of foodborne illnesses from eating beef. The four focus-group sessions were designed to determine (1) relative preferences for alternative combinations of public food safety measures (Hazard Analysis Critical Control Points [HACCP], carcass pasteurization, irradiation) and private protection (home preparation of rare, medium, and well-done hamburgers); (2) how who is at risk (children vs. adults) influences preferences; (3) whether consumers would pay a premium for increased product safety arising from the adoption of three different innovations in processing plants; and (4) how to improve …

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Federal Court Rules Missouri Livestock Price Regulation Statute Is Constitutional, J. David Aiken Jun 2001

Federal Court Rules Missouri Livestock Price Regulation Statute Is Constitutional, J. David Aiken

Cornhusker Economics

In 1999 South Dakota, Nebraska and Missouri enacted statutes limiting price differentials being paid by packers to livestock producers. The South Dakota statute was ruled unconstitutional in August 1999 for interfering with interstate commerce. The Nebraska Attorney General ruled in 2000 that state packer price restrictions were preempted by October 1999 federal livestock price reporting requirements. The Missouri statute was upheld as constitutional in 2001. This newsletter issue will contrast the three decisions, and consider what legal options are available to the Nebraska Unicameral should it wish to re-establish limits on livestock price differentials paid by packers.

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Inventorying Nebraska’S Irrigation Acres, Bruce B. Johnson, Peter Brummels, Lance Kuenning Jun 2001

Inventorying Nebraska’S Irrigation Acres, Bruce B. Johnson, Peter Brummels, Lance Kuenning

Cornhusker Economics

With much of the state lying over the Ogallala Aquifer, Nebraska has a valuable irrigation endowment. According to USDA’s 1997 National Resources Inventory, Nebraska has more than 7 million acres of irrigated cultivated cropland. Only one other state, Texas, has more cultivated cropland; and that state has been experiencing a steady decline in irrigated acres over the past quarter century.

While the economic significance of these irrigation assets to the state’s economy seems obvious, it is somewhat surprising to find no clear consensus as to how many acres are really under irrigation. Nor has there been any definitive information on …

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Information Technology Diffusion Among Businesses In Nebraska: What Does It Mean For The Future?, John C. Allen Jun 2001

Information Technology Diffusion Among Businesses In Nebraska: What Does It Mean For The Future?, John C. Allen

Cornhusker Economics

In the past decade, there has been a convergence of computer and telephone technologies that has created the Internet, arguably the most rapidly embraced technology in history. Using a benchmark of rapid diffusion as the time required to reach 50 million users, the public Internet, which took four years to reach 50 million users, is spreading more rapidly than radio (38 years), the personal computer (18 years), television (13 years) or any other modern technology. The result has been that the Internet has already reached “mass market” status ( Burgess, 1999).

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South Dakota Agriculutral Land Values And Rental Practices: 2001, Burton Pflueger, Larry Janssen Jun 2001

South Dakota Agriculutral Land Values And Rental Practices: 2001, Burton Pflueger, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.

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South Dakota Agriculutral Land Values And Rental Practices: 2001, Burton Pflueger, Larry Janssen Jun 2001

South Dakota Agriculutral Land Values And Rental Practices: 2001, Burton Pflueger, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.

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A Somewhat Skeptical Look At 2001 Tax Relief, George Pfeiffer Jun 2001

A Somewhat Skeptical Look At 2001 Tax Relief, George Pfeiffer

Cornhusker Economics

Perhaps it is the best one could hope for from a government directed by a President selected without a plurality of the popular vote, a closely divided House of Representatives, and a Senate whose majority party is in the process of changing for the third time in 6 months. In any case, the Senate and House have agreed on, and the President will soon sign the first major federal tax reduction bill since 1981. What a difference two decades make! The tax reductions and the massive restructuring of the tax system that were passed in the Reagan revolution of 1981 …

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Dynamic Pricing Of Genetically Modified Crop Traits, Richard K. Perrin, Lilyan E. Fulginiti Jun 2001

Dynamic Pricing Of Genetically Modified Crop Traits, Richard K. Perrin, Lilyan E. Fulginiti

Department of Agricultural Economics: Faculty Publications

The issue considered here is the retail pricing of patented crop traits such as Roundup Ready herbicide resistance or Bt insect resistance. Our concern is not with the price of the seeds in which the traits are embodied, but rather with the implicit or explicit price for the traits themselves. Intellectual property rights are now available for traits, and while monopoly pricing of them has received some limited consideration in the economics literature1, no one has yet examined the possible implications of the durability of these traits as a factor in determining such monopolists' pricing behavior.

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