Agricultural Economics Commons^™

Community Development In The Time Of Covid-19, Daniela Mattos

Cornhusker Economics

The global pandemic has driven the whole country into an unprecedented crisis. As the months passed and the death toll climbed, the pandemic did some-thing else: it unveiled deep inequities within the country. Those getting sick and dying were disproportionately low-income racial and ethnographic minorities, most of them essential workers. According to the lat-est data from the Center for Disease Control and Prevention, the virus has overly affected Black people and Latinos (https://www.cdc.gov/coronavirus/2019-ncov/covid-data/covidview/index.html). Communities of color are also over represented among essential workers who are generally unable to work from home and more likely to come into contact with the …

The Role Of Myopic Loss Aversion In Pre-Harvest Grain Marketing, Iyore Eronmwon

Department of Agricultural Economics: Dissertations, Theses, and Student Research

In this study, we investigate the role of myopic loss aversion (MLA) risk preferences on pre-harvest grain marketing decisions using a laboratory experiment. Prospect theory parameters were estimated to measure MLA. We estimated a power function for utility and obtained power estimates indicating linear utility for gains and concave utility for losses. We obtained a loss aversion parameter estimate that suggests the presence of loss aversion. We found evidence of probability weighting for both gains and losses. We classified individuals into three categories based on their MLA status. They are no NMLA, MLA, and high loss aversion (HLA). We observed …

Assumptions (Mistakes) That Parents Make With Estate Plans, Allan Vyhnalek

Cornhusker Economics

The main goal of many parents when writing their estate plan is for their children to continue to be a family. With this goal in mind, parents make many assumptions to “keep the peace” when planning their estate. If the family has a key fight then family activities, like holiday gatherings, no longer happen. Let’s look at these assumptions and make some observations about each. The overall goal is to think through our actions with the intent that the family stays together.

Without an estate plan, the assets are divided ac-cording to the laws of the state of Nebraska. That …

The Impact Of Covid-19 On Nebraska’S Nonprofits, John C. Beghin

Cornhusker Economics

This article describes the impact of COVID-19 on nonprofit organizations in Nebraska based on evidence gathered in two business surveys coordinated by a research consortium. The consortium is made of the State of Nebraska, the Nebraska Chamber of Commerce, the University of Nebraska (UNO, UNL) and several local project partners. Additional information was provided by the Nonprofits Association of the Midlands (NAM), through two surveys of its member-ship and interviews with core staff at NAM, to corroborate the survey results. The business surveys took place in April and June 2020 gathering response of 646 (April) and 137 (June) nonprofit entities. …

Western Rural Development Center 2021, Donald Albrecht

Funded Research Records

No abstract provided.

Multi-Peril Crop Insurance Basics, Matthew Stockton, Duran Rudnick, Chuck Burr

Cornhusker Economics

The Federal crop insurance corporation (FCIC) https://www.rma.usda.gov/Federal-Crop-Insurance-Corporation and https://www.everycrsreport.com/reports/R45193.html offers three types and eight levels of taxpayer subsidized multi-peril crop insurance (MPCI) policies, sold for four different unit types. The unit types are designed to define the nature of the farm area being insured. There are four types of insurable units, optional, basic, enterprise and whole farm. Each of these units has differences in costs per acre and is likely to create variations in indemnities. For example, a highly localized severe hail storm on a single field covered using basic units would likely have an indemnity, versus not likely to …

2020 Nebraska Property Tax Changes, J. David Aiken

Cornhusker Economics

The Nebraska Unicameral enacted significant property tax relief legislation in the closing days of the 2020 legislative session. The last-minute compromise was negotiated by seven legislators selected by the Speaker. The compromise estab-lishes a refundable state income tax credit of an estimated 6% of the property taxes paid for local schools (excluding property taxes for school bonds and school budget overrides). Taxpayers will be able to claim this credit on next year’s Ne-braska state income tax return. For fiscal years (FYs) 2021-22 through 2023-24 (i.e. from July 1, 2021, through June 30, 2024), the amount availa-ble for the refundable state …

Annie’S Project: Know Your Numbers, Know Your Options, Jessica Groskopf

Cornhusker Economics

To help farmers and ranchers improve their record keeping and decision making, Nebraska Extension has hosted several Know Your Numbers, Know Your Options courses across the state since October 2019. These programs are inspired by Annie’s Project.

Annie's Projects are educational courses for wom-en that focus on agricultural risk management topics. These hands-on programs aim to increase the knowledge, skills, and abilities of attendees. They encourage attendees to ask questions, connect with participants and speakers, and share their experiences.

Risk Management Needs And Challenges For Agriculture, Bradley D. Lubben

Cornhusker Economics

Farmers and ranchers must continually manage risk in their operations to be successful. But the amount of risks and challenges they have faced over the past few months and years seems almost unprecedented. From financial challenges toproduction and market shocks to public health scares and policy developments, agriculture has had to respond and adapt to a wide range of issues.

Benefits Of Bioenergy For The Sustainable Development Of Sudan, Arwa Ibrahim

International Programs

This poster discusses bioenergy and its potential benefits for Sudan’s Sustainable Development.

Georgian Wine--Production And International Sales Trends, Nino Mateshvili

International Programs

As the demand for natural wines is increasing, Georgian wines, inclduing those made in Qveri, are becoming more and more appealing to the natural wine industry.

Cares Act Implications On Tax Planning For Farmers, Tina N. Barrett

Cornhusker Economics

The CARES Act, passed in March of 2020, provid-ed many changes that directly impacted farmers. It created both the Payroll Protection Program (PPP) and Economic Injury Disaster Loans (EIDL), which many farmers utilized. However, the CARES Act included several other provisions that didn’t get as much attention. Farmers need to be aware of these as they go into tax planning this fall, as they could benefit their operations.

Estimating A Fair Value For Standing Forage, Jay Parsons, Daren Redfearn, Mary E. Drewnoski

Cornhusker Economics

Several things need to be considered when deciding what value to place on standing forage. Forage prices reflect current inventories, demand, expected current season production and associated yield risk, and quality characteristics. Standing forage can be harvested in a number of different ways which need to be considered when pricing it. Below, we provide a few general thoughts and questions concerning harvesting method and comparable feed value to consider when pricing standing forage. We follow with a few examples illustrating pricing calculations for forage mechanically harvested as hay, haylage, and silage. We close with pricing considerations for forage harvested by …

Nitrogen Fertilizer Guide For First-Year Small Grains Following Alfalfa, Matt Yost, Collin Pound, Earl Creech, Grant Cardon, Jody Gale, Michael Pace, Boyd Kitchen, Steve Price, Kevin Heaton, Mark Nelson, Trent Wilde, Katie Russell

All Current Publications

Nitrogen (N) fertilizer is one of the most expensive crop inputs. It is an essential nutrient for most crops and often increases yield more than any other nutrient. Small grains are no exception. Alfalfa is the dominant crop in Utah in terms of area and gross sales, and as a nitrogen-fixing legume, it does not require nitrogen fertilizer. When terminated, alfalfa usually leaves a lot of nitrogen in the soil for subsequent crops. The amount of nitrogen that it supplies to following crops has been termed the “alfalfa N credit.” In many cases, this credit can be up to 300 …

Feeder Cattle Future Price Spreads: Opportunities To Hedge?, Elliott James Dennis

Extension Farm and Ranch Management News

First paragraph:

Feeder cattle future price spreads across all months have recovered to near pre-COVID-19 levels as quarantine restrictions and packing plant capacity issues have been mostly sorted out. For example, for the week of July 17, 2010 [sic], prices reached levels not seen since the beginning of March 2020. Pasture and corn progress are two factors that have the potential to push prices lower in the next coming months. Given current market conditions, producers have some options to lock in a margin.

Historic Analysis Of Flooding And Excessive Moisture Across Nebraska And Implications For Agricultural Lease Arrangements In 2020, Jim Jansen, Jeffrey Stokes

Cornhusker Economics

The Nebraska Farm Real Estate Market Survey and Report 2019-2020 provides insight on recent trends on the market value of agricultural land and cash rental rates across the state. Each year, the special feature section from this report covers topics on new or emerging issues related to the agricultural land industry in Nebraska. These topics reflect interest expressed by panel members and readership of the Nebraska Farm Real Estate Market Highlights Reports. The special feature section in 2020 evaluates historic flooding and excessive moisture over the prior decade across Nebraska and implications on accounting for this type of risk in …

#Goingtothefair: A Social Media Listening Analysis Of Agricultural Fairs, Julie A. Mahoney, Nicole Olynk Widmar, Courtney Bir

Department of Agricultural Economics Faculty Publications

Agricultural fairs provide one of the last frontiers, and largest stages, for showcasing livestock agriculture to the public. However, public funding, attendance revenue, animal biosecurity, and public health concerns are all aspects worthy of conversation and increased research attention given the interaction between livestock animals and the general public in fair and festival settings. A prominent social media listening and data analytics platform was used to quantify online and social media chatter concerning agricultural fairs during a 27-mo period. A general search for online media referencing agricultural fair keywords was designed; social and online media mentions of agricultural fairs ( …

Coronavirus Food Assistance Program (Cfap) Payments For Nebraska Livestock Producers, E. Wesley F. Peterson

Cornhusker Economics

In the June 10, 2020 issue of Cornhusker Economics, the Coronavirus Food Assistance Program (CFAP) was described and the average level of payments to Nebraska Corn and Soybean Producers from this program were estimated. CFAP includes payments for both livestock and crops and in this issue, I explain eligibility requirements, payment sources, and expected payments for Nebraska livestock producers. The COVID-19 epidemic in the United States caused hardships for both producers and consumers of livestock products. The virus affected workers in livestock processing and packing plants, in particular, due to the nature of the work which normally requires working in …

2020 Nebraska Agricultural Custom Rates With Statewide Survey Summary, Glennis Mcclure

Cornhusker Economics

With the large investment cost of agricultural machinery and equipment, and often with the uncertainty of labor availability, many Nebraska farms and ranches utilize and pay for custom services. There is generally great interest in the biennial University of Nebraska-Lincoln Custom Rates Survey report from those that perform services and those that pay for services. The recently completed 2020 Nebraska Custom Rates Survey and accompanying report summarize current rates charged for specific machinery operations and custom services across the state.

What Drives Bull Prices, And How Much Can I Spend On A Bull?, Matthew D. Garcia, Ryan Larsen, C. K. Chapman

All Current Publications

Several factors determine the age-old question of how much to pay for a bull. These factors are highly variable and can fluctuate from year to year. The five main factors influencing bull prices are explored in this fact sheet, including breed, availability, auction activity, breeder reputation, and genetic potential.