Agricultural Economics Commons^™

Hay Inventory And Purchasing Calculator For Horse Owners, Robyn L. Stewart, Brooklyne M. Wassel

Journal of Extension

The Hay Inventory and Purchasing Calculator for Horse Owners is an Excel-based tool for estimating hay needs and expenses for horse owners. Challenges with hay quality and availability can result in higher than expected costs for horse owners as they attempt to purchase enough horse-quality hay to meet their needs. Estimating intake requirements and creating a budget for hay purchasing is key for the effective management and profitability of equine operations. This tool can be used regardless of geographic location and will benefit a diverse audience including Extension educators, equine business owners, and horse owners.

Ancient Wisdom, Modern Prosperity: Harnessing Traditional Ecological Knowledge To Revitalize Australia's Economy, Environment, And Human Wellbeing, Annabelle L. Baulch

Student Theses 2015-Present

This paper explores the traditional knowledge of Australia’s Indigenous people and how it can improve Australia's environment, health, and economic prosperity to shape a more sustainable future. Indigenous Australians managed the land for thousands of years; however, being forced off the land following European colonization resulted in terrible cultural, social, and environmental disruption for Aboriginal Australians and made conservation efforts difficult. Wildfires, imported species, mining, and agriculture is steadily destroying the Australian ecosystem, contributing to climate change, species extinction, and gaps in our cultural and ancestral knowledge. Chapter One overviews Australia's environmental issues; it uses quantitative data to explore the …

Heavy Steers And Heifers Run At Low Stocking Rates Enhance Drought Resilience In A Pastoral Region Of Australia, Christophe D'Abbadie, Ross Kingwell, Philip E. Vercoe, Bradley Plunkett, Alan Peggs

Animal production and livestock research articles

CONTEXT

The semi-arid mulga lands of the Southern Rangelands of Western Australia experience frequent droughts. Maintaining a profitable animal grazing enterprise whilst preserving rangeland condition requires selecting an appropriate stocking rate and herd structure.

OBJECTIVE

We construct and apply bioeconomic models of beef enterprises for the semi-arid Southern Rangelands of Western Australia, to assess the profitability and relative riskiness of three different livestock production systems and three different stocking rates when exposed to different frequencies of drought.

METHODS

We construct bio-economic models of herd structures that separately focus on producing either: (i) 200 kg heifers and 210 kg steers (ii) …

The North Central Extension Risk Management Education Center, Part I: Helps Producers Manage Risks, Christine Lockert, Sheila Aikanathan Johnson, Bradley D. Lubben

Cornhusker Economics

Established in 2001, the North Central Extension Risk Management Education Center (NCERMEC) has a long history of supporting risk management education programs serving producers in the region. Located at the University of Nebraska-Lincoln Agricultural Economics Department, the Center is one of four regional Extension Risk Management Education (ERME) Centers located throughout the country. ERME is funded through USDA’s National Institute of Food and Agriculture (NIFA) and was authorized by the Agricultural Risk Protection Act of 2000. The fundamental purpose of the ERME program is to educate producers to manage risk and position their farm or ranch for future growth and …

Does Rural Transformation Affect Rural Income Inequality? Insights From Cross-District Panel Data Analysis In Bangladesh, Al Amin Al Abbasi, Subrata Saha, Ismat Ara Begum, Maria Fay Rola-Rubzen, Andrew M. Mckensie, Mohammad Janghir Alam

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Rural transformation plays a crucial role in enhancing the income and employment prospects of the rural labor force. We investigate the effects of rural transformation on rural income inequality at the district level in Bangladesh using data from five years of nationally representative Household Income and Expenditure Surveys. The Gini coefficient is used to measure rural income inequality. In contrast, the share of high-value agricultural outputs and the share of rural non-farm employment are used as indicators of rural transformation. We find that rural income inequality is positively associated with the share of high-value agricultural outputs and the share …

Identifying High-Value Tactical Livestock Decisions On A Mixed Enterprise Farm In A Variable Environment, Michael Young, John Young, Ross S. Kingwell, Philip E. Vercoe

Animal production and livestock research articles

Context

Australia is renowned for its climate variation, featuring years with drought and years with floods, which result in significant production and profit variability. Accordingly, to maximise profitability, dryland farming systems need to be dynamically managed in response to unfolding weather conditions.

Aims

The aim of this study is to identify and quantify optimal tactical livestock management for different weather-years.

Methods

This study employed a whole-farm optimisation model to analyse a representative mixed enterprise farm located in the Great Southern region of Western Australia. Using this model, we investigated the economic significance of five key livestock management tactics. These included …

Economic Contribution Of Agriculture And Food To Arkansas' Gross Domestic Product 2017-2022, Leah English, Jennie S. Popp

AAES Research Reports and Research Bulletins

In this report, Arkansas agriculture is presented in a historical context. These data are available for 2017 through 2022. Throughout the report, agriculture is defined in terms of agricultural sectors, North American Industry Classification Scheme (NAICS) sectors, industries, and general descriptive terms that can be applied to agriculture.

Economic Contribution Of The Agricultural Sector To The Arkansas Economy In 2022, Leah English, Jennie S. Popp

AAES Research Reports and Research Bulletins

This report is the seventeenth in a series that examines agriculture’s economic contribution to the Arkansas economy. The total economic contribution of agriculture (direct, indirect, and induced effects) on value added, employment, and labor income was estimated with the Impact Analysis for Planning System (IMPLAN) for the most recent year available, 2022.

International Rice Outlook: International Rice Baseline Projections 2023-2033, A. Durand-Morat, W. Mulimbi

AAES Research Reports and Research Bulletins

No abstract provided.

Evaluating The Effect Of Garden-Based Education On Young Learners’ Preferences For And Willingness To Try Healthy Food, Sierra Gregory

Agricultural Economics and Agribusiness Undergraduate Honors Theses

Childhood obesity in American children has tripled in the last 20 years, and 85% of current healthcare spending is linked to diet-related diseases. The consumption of highly processed foods is linked to these trends and makes up more than half of an average American youths’ diet. Reducing the consumption of highly processed foods in children’s diets can be addressed, in part, by addressing childhood neophobia (willingness to try new foods) associated with whole foods like fruits and vegetables. Influence over behavioral areas such as nutrition and in early childhood is essential to long-term sustained health, and garden-based interventions shows promise …

Navigating Challenges For Locally Produced Food, Paul Cook

SACAD: Scholarly Activities

There is much interest in locally produced food and the benefits it can have on communities across the state of Kansas. By interviewing city managers, we have identified some of the unique factors and challenges that city officials face when considering their community’s local food systems. Through interview and survey data, we sensed that there is a desire for more local food in communities but lack of resources, lack of policies and the nature of large commodity agriculture in Kansas appear as challenges. Ad-hoc groups coming from schools, churches, and committees at the county level make up the majority of …

Sunsetting Tax Provisions: Is Your Estate Plan Affected?, Anastasia Meyer, Glennis Mcclure

Cornhusker Economics

It is never too early to begin thinking about estate planning, how you want to transfer your assets to the next generation, and how your decisions may be taxed to the next generation. Those decisions may need to be adjusted as some provisions are set to expire at the end of 2025.

Climate Insurance - Using Weather Data And Ai To Manage Agricultural Risk In Developing Countries, Scott A. Denning

All Theses

Weather index-based crop insurance has promised to be a lifeline for low-income farmers in developing countries. However, high-basis risk, high administration costs, and low willingness to pay have caused the demise of many pilot programs. Building onto the principles of index insurance we propose Climate Insurance, a new form of insurance based on predictive crop models that overcomes most of the primary objections of index insurance while achieving its goals of low administration costs, greatly reduced adverse selection, and the elimination of moral hazard. The crop model presented herein utilizes an artificial neural network to predict county- level yield per …

Yield And Nutritive Quality Of Fresh And Ensiled Reduced Lignin Alfalfa In Monoculture And Diculture With Novel Tall Fescue, Morgan Boss

All Theses

The objectives of this research were to: (1) evaluate the yield, nutritional value, and digestibility of fresh and ensiled reduced lignin alfalfa (RLA; Medicago sativa L.) in monoculture and when mixed with novel endophyte-infected tall fescue (F; Festuca arundinacea) in comparison to a conventional alfalfa (CA) cultivar; and (2) evaluate ensiled samples under varying DM concentrations; with or without inoculant. A trial was prepared as a randomized complete block design with 4 replicates per treatment. Treatments included reduced lignin alfalfa (RLA), conventional alfalfa (CA) and tall fescue (F) plots as well as RLA/F and CA/F plots. Plots were harvested on …

Assessing Consumer Willingness To Pay For Zinc-Biofortified Rice – The Case Of Colombia, Sara Ann Oswalt

Graduate Theses and Dissertations

Hidden hunger, a form of undernourishment caused by micronutrient deficiencies, remains a critical global challenge affecting billions worldwide. Biofortification of staple crops, such as rice, offers a promising solution to address this problem. However, changes in the physical and culinary characteristics due to biofortification may hinder consumer acceptance and limit the benefits of this approach. This research explores consumer preferences and willingness to pay (WTP) for zinc-biofortified rice in Cartagena, Colombia. A non-hypothetical experimental auction, including 400 consumers in five different locations within Cartagena, was conducted to analyze the impact of information, socioeconomic factors, and consumer nutrition knowledge on WTP …

Impact Of Strategic Postweaning Supplementation On March- And May-Born Yearling Range Heifer And Calf Growth And Performance In The Nebraska Sandhills, Josie Nicole Crouch

Department of Animal Science: Dissertations, Theses, and Student Research

Three experiments were conducted at the Gudmundsen Sandhills laboratory near Whitman, Nebraska. Experiment 1, a retrospective regression analysis, evaluated the impact of heifer percentage of mature body weight (BW) at breeding on heifer performance, subsequent pregnancy rates, and calf production. Overall pregnancy rates were greater (P < 0.01) for heifers at 60 to 70% of mature BW than 50 to 55%, with no differences in pregnancy rates (P ≥ 0.15) after 2-years of age. Heifers at 50 to 60% of mature BW had a greater (P = 0.05) proportion give birth in the first 21-d. A higher percentage of mature BW at breeding resulted in greater (P < 0.01) BW at birth and weaning for offspring.

Experiments 2 and 3 were 3-year studies that evaluated the impact …

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

Honors Program: Senior Projects (Public)

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 …

Heterogenous Impacts Of Pathogenic Avian Diseases On Global Poultry Production, Elsbeth Hamilton

Graduate Theses and Dissertations

Globally, poultry is one of the most versatile and cost-effective sources of animal-based protein. Due to its wide variety of uses and variability of growing styles, poultry production is applicable in nearly every country. With the increase of scale and concentration of production, pathogenic diseases have decreased the efficiency of production through worsened feed conversion, morbidity, and mortality. In addition to physiological health, climate largely impacts the suitable conditions for growing. With more extreme climate events, locations once ideal for poultry are less efficient due to increased resource cost. This analysis seeks to determine the heterogeneity of production and the …

Potential Consumer Response To The Healthy Symbol Proposed By The Us Food And Drug Administration, Jillian Hyink, Brandon R. Mcfadden, Brenna Ellison

Agricultural Economics and Agribusiness Faculty Publications and Presentations

The U.S. Food and Drug Administration (FDA) has proposed updates to the definition of “healthy,” including distinctions between types of sugar and fats and limits on added sugar, saturated fat, and sodium. To communicate the updated standards, the FDA is developing a Healthy symbol to display on food packages, which could reduce knowledge gaps by assisting U.S. consumers in meeting recommended nutritional guidelines. This study aimed to explore the potential for the label to increase consumers' ability to correctly identify a food product that met the FDA's criteria for a healthy symbol. To complete the study objective, 1018 adults were …

A Micro-Perspective Analysis Of The Demand For Greek And Non-Greek Yogurt In The United States Over Calendar Years 2018 To 2020, Oral Capps, Riuxin Jia, Vikas Mishra, Macson O. Ogieriakhi

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Using the Heckman framework, we develop profiles of households who purchase Greek yogurt and non-Greek yogurt and estimate own-price, cross-price, and income elasticities of demand. Attention is centered on the impacts of age, race, education, and ethnicity of the household head, household income, household size, region, the presence of children, and prices of Greek yogurt and non-Greek yogurt. This analysis rests on data acquired from Nielsen pertaining to 164,484 households over calendar years 2018–2020. Own-price elasticities are estimated to be −1.36 for Greek yogurt and −0.70 for non-Greek yogurt. Additionally, these yogurt products are not only substitutes but also necessities.