{"title":"Forage plus Grain Wheat versus Grain-Only Wheat","authors":"J. Duke, F. Epplin, J. Vitale, D. Peel","doi":"10.22004/AG.ECON.118948","DOIUrl":"https://doi.org/10.22004/AG.ECON.118948","url":null,"abstract":"Winter wheat may be grown in the Southern Plains either to produce grain only, or as a dual-purpose crop to produce both fall-winter forage and grain. The objective of the research is to determine expected net returns for both production systems. The estimated expected net value of the dualpurpose system stocked with steers with an initial weight of 450 pounds is from $38 to $92 per acre greater than that of the grain-only system. The economic success of dual-purpose wheat depends on a number of management factors including stocking density.","PeriodicalId":326734,"journal":{"name":"Journal of the ASFMRA","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116959650","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Environmental Trade Case Study: Agricultural Conservation Easement Pays Off Environmental Penalty","authors":"D. Fisher","doi":"10.22004/AG.ECON.118952","DOIUrl":"https://doi.org/10.22004/AG.ECON.118952","url":null,"abstract":"Agricultural conservation easements have been traditionally used to transfer or extinguish development rights on farm and ranch land in order to preserve open space and conservation and natural resources. These transfers are typically made with governmental agencies or Internal Revenue Service qualified land trusts. Usually this process is initiated because the property owner wants to ensure future agricultural use as well as conserve natural resources in exchange for financial benefits in either payments and/or tax credits.","PeriodicalId":326734,"journal":{"name":"Journal of the ASFMRA","volume":"2011 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130762688","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
R. Atkinson, Dwight R. Sanders, K. L. Jones, I. Altman
{"title":"An Evaluation of Purebred Bull Pricing: Implications for Beef Herd Management","authors":"R. Atkinson, Dwight R. Sanders, K. L. Jones, I. Altman","doi":"10.22004/AG.ECON.96418","DOIUrl":"https://doi.org/10.22004/AG.ECON.96418","url":null,"abstract":"The selection of herd bulls is important in determining profitability of commercial ranchers and cow-calf operators as well as purebred producers. In this research, the key attributes of bulls – based on visual, performance, and ultrasound data – are valued using a traditional hedonic pricing model. The data are collected from the annual bull test trial and sale at Southern Illinois University Carbondale. The results suggest that buyers at the SIUC Beef Evaluation Station are willing to pay more for bull characteristics associated with calving ease and weaning weights. For instance bulls with a combination of both lower birth weight Expected Progeny Differences (EPDs) and high yearling weight EPDs than average can command premiums of over $1,150 per head or 67 percent above the average sale price. Farm managers can use this information in the selection of herd bulls while purebred operators can attempt to select for the most valuable traits.","PeriodicalId":326734,"journal":{"name":"Journal of the ASFMRA","volume":"375 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115903654","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Determining Land Values Using Ordinary Least Squares Regression","authors":"Mykel Taylor, B. Schurle, Brady Rundel, B. Wilson","doi":"10.22004/AG.ECON.233862","DOIUrl":"https://doi.org/10.22004/AG.ECON.233862","url":null,"abstract":"Agricultural land values have increased by an average of 21 percent each year since 2010 until recently when commodity prices dropped substantially. The accompanying decrease in profitability raises concerns that current land prices are not sustainable. This study presents a regression analysis of land prices in Kansas using data from 2012 through June 2014. Regression allows valuation of individual characteristics of land parcels as well as time adjustments. Prices projected by the model trended upward through 2013, but decreased between the last quarter of 2013 and the first quarter of 2014, suggesting that prices for land may have peaked in 2013.","PeriodicalId":326734,"journal":{"name":"Journal of the ASFMRA","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129361876","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Access to Agricultural Banks in Rural Counties in the Face of Changing Demographics, Evolving Social Preferences, and Increasing Bank Regulations","authors":"Freddie L. Barnard, E. Yeager","doi":"10.22004/AG.ECON.233859","DOIUrl":"https://doi.org/10.22004/AG.ECON.233859","url":null,"abstract":"Two-thirds of rural counties in the United States lost population from 2000 to 2010. At the same time, consumers are changing the way they like to receive bank products and services. With many in the younger generation having smart phones, the need to step inside a bank facility is almost nonexistent. When those two trends are combined with additional costs associated with recently passed bank regulations, there will initially be a negative impact on the profitability of agricultural banks and ultimately on the ability of those banks to continue to serve those counties.","PeriodicalId":326734,"journal":{"name":"Journal of the ASFMRA","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124097111","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How Spatially Clustered are State-level Farmland Values?","authors":"T. Griffin, G. Ibendahl, T. Mark","doi":"10.22004/AG.ECON.235188","DOIUrl":"https://doi.org/10.22004/AG.ECON.235188","url":null,"abstract":"Farmland values are influenced by productivity levels, prices of pertinent crops, farm incomes, urban sprawl, and external investment pressure. Since cropping systems in a given region are similar to adjacent regions and soil productivity indexes change slowly across regions, it was expected that farmland values are spatially clustered even at the state level. We tested spatial correlation on US state-level farmland values from 1950 to 2014. Spatial correlation was detected in farmland values and percent changes in farmland values. These results indicate that traditional analysis techniques that ignore values of neighboring states may be dominated by advanced spatial analysis. Evaluation of state-level farmland values provide appraisers with insights into how a shock to farmland values impact values in surrounding states. Future analyses will validate these results by examining available sub-state and county-level data.","PeriodicalId":326734,"journal":{"name":"Journal of the ASFMRA","volume":"160 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133530549","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Determinants of Technical Efficiency in Louisiana Beef Cattle Production","authors":"A. N. Rakipova, J. Gillespie, D. E. Franke","doi":"10.22004/AG.ECON.198078","DOIUrl":"https://doi.org/10.22004/AG.ECON.198078","url":null,"abstract":"Technical efficiency was estimated for a group of beef cattle producers. Producers using straight-bred Bos taurus bulls and mixed-bred Brahman cows were more technically efficient than producers who did not. Those who used a designated hay meadow, used registered cows, were older, and were more highly educated were the more technically efficient producers. Anna N. Rakipova was born in Moscow, Russia. In 1992, she was accepted into the Agricultural Economics program at Moscow Timiryazev Agricultural Academy. She received her B.S. and M.S. degrees in Agricultural Economics from Louisiana State University in 1998 and 1999, respectively. She is currently working as an Offshore Companies Administrator in Nocosia, Cyprus.","PeriodicalId":326734,"journal":{"name":"Journal of the ASFMRA","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128062236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Precision Agriculture Equipment Ownership versus Custom Hire: A Break-even Land Area Analysis","authors":"J. Gandonou, C. Dillon, S. Shearer, T. Stombaugh","doi":"10.22004/AG.ECON.190699","DOIUrl":"https://doi.org/10.22004/AG.ECON.190699","url":null,"abstract":"Identifying the least-cost strategy of obtaining a technology is important. This study determined the break-even cropped area necessary to economically justify the purchase of Precision Agriculture (PA) equipment versus the custom hiring of the PA services. The results suggest that a commercial Kentucky grain farmers would purchase the PA equipment.","PeriodicalId":326734,"journal":{"name":"Journal of the ASFMRA","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123138552","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cash is King · But Profitability is the Kingdom!","authors":"Brian C. Briggeman, M. Boehlje","doi":"10.22004/AG.ECON.189852","DOIUrl":"https://doi.org/10.22004/AG.ECON.189852","url":null,"abstract":"Farm managers are currently in an agricultural environment of high risk and major changes in the farm business model (e.g., increases in leasing arrangements and outsourcing services). Cash is certainly important during these times, but it is even more important to make long-run decisions that generate earnings or profits. These profits should buffer the farm from the large amount of present and future risk and enable it to operate well into the future. Given today’s agricultural environment it may not be an overstatement that “cash is king, but profitability is the kingdom!”","PeriodicalId":326734,"journal":{"name":"Journal of the ASFMRA","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133709561","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A View Toward Sound Policy Initiatives Regarding Agricultural Alternative Fuels","authors":"V. M. Dubiansky","doi":"10.22004/AG.ECON.96381","DOIUrl":"https://doi.org/10.22004/AG.ECON.96381","url":null,"abstract":"Scientific understanding regarding causes of climate change is maturing. Earlier indications that atmospheric CO2 is the primary cause have been challenged by recent studies. Evidence against anthropogenic global warming is mounting. Subsidized alternative fuel initiatives may run out of support once political opinion aligns with scientific realities. First steps toward policy statements within professional organizations that reflect our current understanding of forces driving climate change are called for. We as farm or timberland managers, investors, lenders, appraisers or consultants in these fields should update our understanding. Agriculture’s potential contribution toward cost effective alternative fuel sources and energy independence is discussed.","PeriodicalId":326734,"journal":{"name":"Journal of the ASFMRA","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134051028","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}