Agricultural Economics Commons^™

The Future Of The Organization Of The Petroleum Exporting Countries, Mikayla Gross

Honors Theses, University of Nebraska-Lincoln

The Organization of the Petroleum Exporting Countries (OPEC) is a multinational and intergovernmental organization that dictates the petroleum exportation policies of 13 countries: Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia, the United Arab Emirates and Venezuela (About Us, 2023). The mission of OPEC is to ensure a stable supply of petroleum through its shared policies for its Member Countries and consumers (Our Mission, 2023). Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela founded OPEC in 1960 under the foundations and principles that dictated the international world order. Those foundations and principles …

Growing South Dakota (Fall 2023), College Of Agriculture, Food And Environmental Sciences

Growing South Dakota (Publication of the College of Agriculture, Food and Environmental Sciences)

[Page] 3 Back-to-Back Champions: SDSU Quarter Scale Tractor Team Repeats International Win
[Page] 6 CAFES Welcomes New Members to College Leadership Team
[Page] 9 Vikram Mistry Retires After Nearly 40-Year Career at SDSU
[Page] 12 Bill Gibbons Retires After 36 Years at SDSU
[Page] 13 Nic Uilk: Klingbeil Endowed Educator in Precision Agriculture
[Page] 15 SDSU Students Study Abroad
[Page] 19 CAFES Faculty Claim National Awards
[Page] 21 Dairy Alum Sanne de Bruijn Grabs Global Opportunities
[Page] 23 SDSU Extension Cohort Programs
[Page] 25 Summer Field Day Highlights
[Page] 29 Jackrabbits Now and Then

A Decision Aid To Help Farmers Find The Minimum Cost Fertilizer Combination, Gregory Ibendahl

Journal of Applied Farm Economics

Fertilizer recommendations are typically given as the pounds of nitrogen, phosphorus, and potassium needed per acre. Many crop budgets also list the fertilizer costs in terms of the N, P, and K. This can cause a problem for farmers as they must purchase their fertilizer in products that in some cases contain multiple nutrients. These multinutrient fertilizers make it difficult or impossible to calculate a price per unit of a nutrient. Thus, finding the minimum cost fertilizer combination by using a price per nutrient approach may not work. This paper shows how a linear programming approach will always give the …

Harvest Operations - Own It Or Hire It?, Glennis Mcmclure

Center for Agricultural Profitability

As the fall harvest nears and we’re tuning up our equipment, the thought of custom hiring out our harvesting work comes to mind for some. There are many factors to consider as we make custom hire versus ownership decisions, with cost considerations generally at the forefront of our thoughts.

Characterization Of Nacl Stress In Young Bismarckia Palm (Bismarckia Nobilis), Muhammad Afzal Naeem, Iqra Hanif, Midrar Ullah, Muhammad Hassaan Khan, Tahmina Nazish

Journal of Bioresource Management

Salinity is a major problem caused by the accretion of excess salts composites in the form of ions like sodium (Na⁺), potassium (K⁺), calcium (Ca²⁺), magnesium (Mg²⁺) and chloride (Cl^-). The possible out-turns of the salinity on the morphology; physiology and biochemical variables of bismarckia palm (Bismarckia nobilis) were investigated in this study. The seedlings of bismarckia palm were grown in pots and periodically irrigated with various concentrations of NaCl solution to assess the various biological variables at the regular intervals. The experiment was performed by following the …

Technology Use Growing On Nebraska Farms And Ranches, Larry W. Van Tassell

Center for Agricultural Profitability

On Aug. 17, the USDA National Agricultural Statistics Service (NASS) released its “Technology Use (Farm Computer Usage and Ownership)” survey. According to the survey, 77% of Nebraska farmers and ranchers own or use desktop or laptop computers. That is up from 74% in 2021. Similarly, 85% own or use a smartphone, which is up from 80% in 2021. Farmers and ranchers in Nebraska are above the U.S. average in computer use as 69% of producers in the U.S. own or use a personal computer and 82% own or use a smartphone. Interestingly, 90% of farms in Nebraska reported …

Terminating A Verbal Farmland Lease In Nebraska, Jessica J. Groskopf, J. David Aiken

Center for Agricultural Profitability

Some farm leases are not written but are verbal or "handshake" agreements. Because nothing is in writing, the parties may have different recollections of their agreement, making lease disputes more difficult to resolve. The most common legal issue associated with verbal farm leases is how a lease may legally be terminated. For verbal leases, six months advance notice must be given to legally terminate the lease. In contrast, the termination of a written lease is determined by the terms of the written lease. If the lease does not address termination, the lease automatically terminates on the last day of the …

Exploring The Presence Of Nonlinear Deterministic Dynamics In Commodity Prices, Sagar Dahal

Dissertations and Theses in Agricultural Economics

Determining whether commodity prices (and volatility) are driven by linear stochastic processes or low-dimensional nonlinear deterministic dynamics (“chaos”) is crucial for policymaking, forecasting, production, storage, investment, risk management, and hedging decisions. Previous studies that used Lyapunov exponents and correlation dimensions to identify chaotic structures in price series may be unreliable in practical applications because these methods rely on asymptotic properties that require large, noiseless data which is often not available. We applied nonlinear time series analysis approaches to empirically detect the underlying market dynamics using the daily futures prices of ten agricultural commodities. We used phase space reconstruction to reconstruct …

Nebraska Approves Pass-Through Entity Tax Bill, Tina N. Barrett

Center for Agricultural Profitability

In 2023, the Nebraska Legislature passed a bill that allows a partnership or S-Corp to elect to pay its state income taxes. Previously, because the income from the partnership or S-Corp is passed through to the owner, the owners of the entity paid the taxes at their own individual tax level.

In 2018, the federal government passed the Tax Cuts and Jobs Act (TCJA), which limited the itemized deduction for state and local taxes in the individual’s return to $10,000. This prompted many states to adopt laws like the new Nebraska law to work around this limitation. Federal tax law …

Growing South Dakota (Summer 2023), College Of Agriculture, Food And Environmental Sciences

Growing South Dakota (Publication of the College of Agriculture, Food and Environmental Sciences)

3 SDSU Little International Celebrates 100 years of Tradition
7 2023 CAFES Celebration of Faculty Excellence
11 South Dakota Agricultural Experiment Station Locations and Research Initiatives
15 Every Acre Counts
16 Undergraduate Research
19 Tanner Sloan: South Dakota State Wrestler & Animal Science Student Takes Home NCAA Division I & U23 World Silver Medals
21 2023 CAFES Outstanding Seniors
23 Robert Streeter: International Advocate for Wildlife Conservation
25 Collegiate Cattlemen's Club
27 Jim and Melody Mielke: Lifelong Donors Contribute to Agriculture in More Ways than One
29 Jackrabbits Now and Then

2021 Northeast Maple Business Benchmark, Mark Cannella, Christopher Lindgren

UVM Extension Faculty Publications

The 2021 production season left many producers disappointed. While sap flow volume was reported as average to normal in many instances, pervasive low sap sugar content influenced the lower syrup production totals.

The 2021 Northeast Maple Business Benchmark report documents the ninth year of financial record analysis for commercial syrup producers. The project includes maple producers in Vermont, Maine, New Hampshire and Massachusetts. Tap counts for this year’s participant businesses ranged from 7,000 taps to 65,000 taps.

This report demonstrates key management and financial metrics including: yield statistics, land use, operating costs, investment requirements, total cost of production, marketing strategy …

Study Of Production And Adaptation Characters Of Some Newly Obtained Genotypes Of Durum Wheat (Triticum Durum Desf.) In Sub-Humid Region (El Harrouch North-Eastern Of Algeria), Lamia Bourouh, Nabila Souilah, Boulacel Mouad, Ghania Chaib, Tahar Hazmoune, Bendif Hamdi

Journal of Bioresource Management

The experiment was carried out at DAOUDI Larbi pilot farm in El Harrouch, during the 2021/2022 crop year, under sub-humid weather conditions. The main objective of this research is based on the study of production and adaptation characters of seven durum wheat newly obtained genotypes (Triticum durum Desf.). The results of descriptive sheets according to UPOV recommendations (2014-2017), showed diversity between the varieties studied, such as: plant height, straw section, awns (presence, disposition, anthocyanin pigmentation, color, and length), ear (density, color, shape, length and glaucescence), lower glume (shape, color, weight and shape of shoulder, length and curvature of beak), …

Utilizing Nebraska Case Farms To Analyze Farm-Level Income And Policy Changes, Tatum R. Brunkow, Brad Lubben, Glennis Mcmclure

Cornhusker Economics

Agricultural producers, professionals, and policymakers often look to long-run projections for the agricultural industry as they make business and policy decisions. They can look to three different baseline projections that are produced by the United States Department of Agriculture, the Food & Agricultural Policy Research Institute (FAPRI), and the Congressional Budget Office (CBO). These baselines provide a 10-year outlook for the agricultural industry from prices and inventories for crops and livestock to international markets and income and expenditures. While this information provides insight into what direction agriculture may move, it can be hard to see the impact at the state …

Improving The Land Trust Model’S Impact On Environmental Conservation In Northern California, Peter Talbot

Master's Projects and Capstones

For years, the land trust sector of California and much of the United States has operated with a dollars and acres mentality that has prioritized fundraising as a result of acreage protected. Within California, nearly 5.8 million acres of land have been protected by 132 land trusts throughout the state. To accommodate for the diverse cross-section of land and the many needs of the population, land trusts take on numerous shapes and sizes. A unique aspect of this diversity is the rich agricultural and natural spaces found throughout the state. This mix of land and variety of land uses has …

Nutrient Optimization For Vegetable Production Under Decoupled Aquaponics Using Brackish Water, Salma Walid Hany Ahmed Abdelfattah

Theses and Dissertations

As the world moves to more sustainable agriculture methods in the agribusiness industry, decoupled aquaponics is recognized as one of the newest techniques currently being utilized to achieve more local food security. As the topic is still freshly new within the industry, a finite number of publications and studies have been made that address the topic hands-on with its many variables. Subsequently, in this paper, an experiment was conducted to assess the most optimized production conditions of both lacinato kale (Brassica oleracea var.palmifolia) and Swiss chard Bright Light (Beta vulgaris ssp. Cicla var. flavescens) plants through the utilization of a …

The History Of Emission Trading Programs And The Future Of Agricultural Sequestration Carbon Offsets, J. David Aiken

Cornhusker Economics

Agricultural carbon credits based on sequestering (i.e. storing) additional soil carbon are a relatively recent phenomenon in the effort to address global warming. Businesses have purchased ag sequestration carbon credits to help meet their greenhouse gas (GHG) reduction pledges. Ag sequestration carbon credits are difficult and expensive to accurately measure and usually represent only temporary GHG reductions, not permanent ones. A major USDA study is underway to examine the advantages and disadvantages of ag sequestration carbon credits and their use in achieving voluntary business GHG reduction plans. This paper takes a quick look at (1) the development of the acid …

Rural Development Hubs, A Possibility For Nebraska?, Marilyn R. Schlake

Cornhusker Economics

The Aspen Institute, Community Strategies Group conducted an analysis of 43 Rural Development Hubs from across the country to discover their strategies, organizational structures, regional roles, and practices. Their aim was to learn how rural regions can help investors, policymakers and other local and regional decision-makers better serve their regions. The following provides an overview of their findings detailed in the report: Rural Development Hubs: Strengthening America’s Rural Innovation Infrastructure. The report provides an opportunity for further discussion on the potential role of Rural Development Hubs in Nebraska. Rural Development Hubs are defined as a “place-rooted organization working hand-in -glove …

Managing Market Volatility In 2023, Jay Parsons, John Hewlett, Jeff Tranel

Center for Agricultural Profitability

Current prices for agricultural commodities are strong. The average auction market price in early May for 500–600-pound steer calves in Nebraska was $264 per cwt. Heifer prices were $30 lower, at $234 per cwt. Elevator prices for corn in western Nebraska are in the high $6-per-bushel range. Wheat prices at the elevator are around $8 per bushel. Hay prices are $200 to $300 per ton if you can find it. Severe drought and world market volatilities over the last couple of years have pushed all of these markets higher. Growers and sellers of these commodities are anxious for harvest to …

New Loan Payment Calculator Tool Launched, Jessica Groskopf

Center for Agricultural Profitability

The Center for Ag Profitability has released its Loan Payment Calculator, a web-based tool that makes it easy to calculate annual loan payments. Users must enter the total purchase amount, down payment amount, annual interest rate (APR), duration in years, and the starting year of the loan. The calculator tool allows users to download the payment schedule, also called amortization, as a PDF or CSV file.

Using Breakeven Analysis For Better Decisions, Larry W. Van Tassell

Center for Agricultural Profitability

One of the merits of enterprise budgeting is the value of statistics obtained by producers as they engage in decision-making activities. Some of the easiest and most useful computations that can be obtained from enterprise data are breakeven values. As the name suggests, a breakeven gives the price or yield required for the revenue obtained from the enterprise to equal the costs encumbered to produce that revenue.