Agricultural Economics Commons^™

Utilizing Municipal Compost And Equine Stall Waste As Potential Economic Alternatives In An In-Ground Pot-In-Pot Production System, Ashley Robert, Alyx Shultz

Posters-at-the-Capitol

For Western Kentucky farmers, one viable income source could be a pot-in-pot nursery production. One of the highest costs of production in this system was the planting media that the plants were grown in. Economical alternatives to high-priced, non-renewable peat-based mixes were important to consider. Unique to this region, were two renewable soil amendments that may help farmers to widen their profit margin in a pot-in-pot system. This research looked at the economic viability of locally sourced horse stall waste and municipal compost as soil amendments to a traditional bark and peat based mix. Initial cost projections were favorable for …

Agricultural Production From The High Plains Aquifer Is Worth Over $3 Billion Per Year, Richard K. Perrin, Lilyan E. Fulginiti, Federico Garcia

Cornhusker Economics

Recent research (Garcia, Fulginiti and Perrin, 2018) has shown the that the extra agricultural production from irrigation across the High Plains Aquifer (HPA) was worth about $3.5 billion in 2007, $2 billion of which was produced in Nebraska. The aquifer water is valuable!

The Economics Of The Capitalization Rate For Farmland, Jeff Stokes, Jim Jansen

Cornhusker Economics

There are three approaches that real estate appraisers use to value real property, namely, the market or sales comparison approach, the income approach, and the cost approach. The sales comparison approach is the primary way that residential real estate is appraised with the cost approach thrown in for good measure. For income producing properties, which includes commercial real estate as well as farm real estate, all three approaches are frequently used. When there are minimal improvements on farmland, the sales comparison and income approaches often provide competing estimates of value that must be reconciled so that an appraiser can render …

2018 – 2019 Kentucky Agricultural Economic Situation And Outlook, Kenneth H. Burdine, Todd D. Davis, Jerry Pierce, William M. Snell, Timothy A. Woods, Jeffrey W. Stringer

Agricultural Situation and Outlook

This publication covers the situation and outlook for 2018-2019 in the following areas:

• U.S. Agricultural Economy;
• Kentucky’s Agricultural Economy;
• Selected Commodity Profiles - Cattle; Poultry; Hogs; Equine; Dairy; Corn; Soybeans; Wheat; Tobacco; Fruits, Vegetables and Greenhouse; and
• Forestry.

Initiative 427: Nebraska Medicaid Expansion, J. David Aiken

Cornhusker Economics

This article summarizes information regarding Initiative 427–the Medicaid expansion question on the November 6, 2018 ballot. It reprints the actual ballot language and the Nebraska Secretary of State’s summary of arguments for and against Initiative 427.

Background. Originally Medicaid covered the elderly, the disabled, children in low-income families, and low-income pregnant women. In 2010 Medicaid coverage was expanded by Congress to include the working poor. In 2012 the U.S. Supreme Court ruled that the provision of the Affordable Care Act (ACA) requiring states to expand Medicaid was unconstitutional. This made it a state option whether or not to expand Medicaid. …

Quantitative Appraisal Of Non-Irrigated Cropland In South Dakota, Shelby Riggs

Honors Program: Senior Projects (Public)

This appraisal attempts to remove subjectivity from the appraisal process and replace it with quantitative analysis of known data to generate a fair market value of the subject property. Two methods of appraisal were used, the income approach and the comparable sales approach. For the income approach, I used the average cash rent for the region, the current property taxes for the subject property, and a capitalization rate based on Stokes' (2018) capitalization rate formula to arrive at my income-based valuation. For the comparable sales approach, I utilized Stokes' (2018) research in optimization modeling to estimate a market value for …

Farm Programs, Payments And Prospects, Bradley D. Lubben

Cornhusker Economics

The USDA Farm Service Agency (FSA) began issuing payments to producers in October for Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC) programs for the 2017 crop year. While these farm program payments had provided substantial cash flow to help buffer falling market price and farm income projections in the past three years, the current programs will provide relatively little cash flow for now and for the coming year. Only the ad hoc trade assistance payments and the outlook for new farm programs and decisions in 2019 may provide potential relief from the current outlook.

Applying Interconnected Game Theory To Analyze Transboundary Waters: A Case Study Of The Kura-Araks Basin, Marianna Khachaturyan, Karina A. Schoengold

Cornhusker Economics

A number of environmental problems are international in nature, including many water management issues. Rivers, for example, do not recognize political boundaries. Therefore, pollution generated in one country can affect neighboring countries, while water extraction in an upstream country can affect water flow and water availability in a downstream country. The situation creates an interdependency among countries, which might lead to disputes over the management of transboundary water. Therefore, coordination among the countries is necessary for effective management of these transboundary resources.

The focus of a recently published study (Khachaturyan and Schoengold, 2018) is the transboundary Kura-Araks Basin (see Figure …

Doing Well By Doing Good In The Fight Against Malnutrition And Hunger, Konstantinos Giannakas, Amalia Yiannaka

Cornhusker Economics

Technological innovation and the conduct of innovating firms are key weapons in the fight against hunger and the pursuit of food security around the world. Agricultural biotechnology seems uniquely equipped, if not destined, to spearhead the effort to combat malnutrition and hunger around the world by conferring significant agronomic benefits to producers and by having the ability to enhance both the resistance of plants to environmental stresses and the quality and nutritional value of food. Research that was recently published by the Center of Agricultural and Food Industrial Organization- Policy Research Group at the University of Nebraska Lincoln analyzes the …

Analysis Of An Agent-Based Model For Integrated Pest Management With Periodic Control Strategies, Timothy Comar, Elizabeth Rodriguez

Annual Symposium on Biomathematics and Ecology Education and Research

No abstract provided.

Intercropping In Semi-Arid India: An Analysis Of Risks And Trade Offs, Jack Pringle

Annual Symposium on Biomathematics and Ecology Education and Research

No abstract provided.

Market Facilitation Program: Impact On Nebraska Corn And Soybean Producers, Anil Giri, E. Wesley F. Peterson

Cornhusker Economics

In July 2018, President Trump imposed a first round of 25-percent tariffs on Chinese electronics and high-tech equipment including automobiles, computer hard drives, and LEDs. The tariffs were imposed on roughly $34 billion worth of imported goods. In August 2018 additional 25-percent tariffs were imposed on $16 billion worth of Chinese exports to the United States and in September tariffs on $200 billion worth of Chinese exports to the United States were added. (Bradsher, 2018). The Trump Administration has also imposed automobile, steel and aluminum tariffs on imports from Canada, the European Union and other countries.

In response to the …

The Growing Sustainable Seaweed Industry: A Comparison Of Australian State Governance Directing Current And Future Seaweed Cultivation, Meagan E. Currie

Independent Study Project (ISP) Collection

Seaweed is a critical part of natural marine ecosystems. In addition to supporting the marine environment, seaweeds are a significant global resource with nutritional, industrial and pharmaceutical applications. Seaweed also has the capacity to remediate excess nutrients in the water caused by agricultural or aquacultural waste of other organisms. Seaweed has demonstrated large potential as a remediation tool in land based polyculture and offshore Integrated Multi Trophic Aquaculture (IMTA) systems.

Seaweed is already worth over US$7 billion as a global industry, but as of 2013 over 93% of global seaweed is produced in Asia (Lorbeer, 2013, p. 718). Australia imports …

Consumer Perceptions Of Egg-Laying Hen Housing Systems, Daniel S. Ochs, Christopher A. Wolf, Nicole Olynk Widmar, Courtney Bir

Department of Agricultural Economics Faculty Publications

The egg industry has transitioned, or is in the process of transitioning, from conventional cages to alternative hen housing systems in response to legal changes in many states across the United States (US). However, consumers find it is increasingly difficult to understand the details behind those labels and specific attributes conveyed. There are multiple hen housing options with a wide range of costs and impacts on hens, workers, and the environment. This research furthers the understanding of US public perceptions and attitudes related to hen housing systems and corresponding animal welfare, worker, economic, and environmental effects. Results reveal that the …

Local Food Entrepreneurship Support, Needs And Gap Analysis, Karin E. Allen, Ruby Ward

All Current Publications

This study looks at the current needs as well as resources available to identify gaps in services and provide recommendations about how programs could be improved or added in support of the Utah food production system. An in-depth background on FICs is presented, followed by a brief description of Utah’s food climate. The methodology used and the analysis, followed by .final recommendation is included.

Farm Location Influence On The Optimal Crop Insurance And Pre-Harvest Hedging Level, Cory Walters

Cornhusker Economics

Improving farm financial health can come from improving the understanding of the market forces influencing the optimal crop insurance contract and preharvest hedging risk management tools. The biggest challenge for farmers is the difficulty of assessing risk since experiencing risk, is by default, rare. Additionally, farmers receive advice about which crop insurance plan they should purchase or how much pre-harvest hedging they should do from sources, such as farm magazines, that likely do not consider the differences in individual risk exposure. Following the advice of such sources could result in producers being inadvertently exposed to more risk. A producer’s location …

Justice Served Fresh: Associations Between Food Insecurity, Community Gardening, And Property Value, Micajah Daniels, Courtney Coughenour Ph.D

McNair Poster Presentations

Numerous stakeholders in Nevada have used a variety of efforts to combat the growth of food insecurity facing Nevadans. The purpose of this research project is to understand the association between food insecurity, community gardens, and property value. Following the wealth of scholarship on these topics and data collected from community garden agencies in Southern Nevada, the research questions for this project include: (1) Where are community gardens located in SNV? (2) What efforts community gardens agencies are doing to address food insecurity (most interested in their efforts using community gardens)? (3) What are the perceptions of supports and barriers …

The Corn/Soybean Rotation And Profitability, Matthew Stockton, Devin Broadhead

Cornhusker Economics

One of the most basic questions farmers must answer on an annual basis is what to plant. In some cases this is simply a choice among cultivars in others it is a choice among different crop types. In Nebraska the choice may vary considerably since many different crop types are grown. This discussion focuses on the factors that affect profitability, which are created by both biology and economics, and how that might be used to make the best crop rotation selection between corn and soybean cropping systems.

Exploring Social Desirability Bias In Perceptions Of Dog Adoption: All’S Well That Ends Well? Or Does The Method Of Adoption Matter?, Courtney Bir, Nicole Olynk Widmar, Candace Croney

Department of Agricultural Economics Faculty Publications

Dogs are a popular companion animal in the United States; however, dog acquisition is often a contentious subject. Adoption is often cited as an ethical and popular method of acquisition but interpretation of the term ‘adoption’ may vary. In a nationally representative survey of the U.S., 767 respondents were asked questions regarding their opinions of dog acquisition and adoption. Within the sample, 45% had a dog; of those, 40% had adopted a dog, and 47% visited a veterinarian once a year. A best-worst choice experiment, where respondents were asked to choose the most ethical and least ethical method of acquiring …

Importance Of Being Digital Ready – What Does That Mean?, Charlotte Narjes

Cornhusker Economics

Communities often determine if they are digital ready on whether or not high speed internet is available. The conversation then focuses on who has high speed internet and who does not. Hence, the divide. High speed internet is an important factor on whether or not a community can be competitive in a global market. But, it is not the only digital-ready factor necessary to compete in a global economy. One challenge of focusing on the divide is that assumptions are made that individuals do not have skills in rural areas to use technology and, that these rural residents may not …