Larry Leistritz, N. Hodur, Don Senechal, M. Stowers, D. McCalla, Chris M. Saffron
{"title":"BIOREFINERIES USING AGRICULTURAL RESIDUE FEEDSTOCK IN THE GREAT PLAINS","authors":"Larry Leistritz, N. Hodur, Don Senechal, M. Stowers, D. McCalla, Chris M. Saffron","doi":"10.22004/AG.ECON.7323","DOIUrl":"https://doi.org/10.22004/AG.ECON.7323","url":null,"abstract":"Rising prices and uncertain supplies of petroleum, together with environmental concerns regarding fossil fuel combustion, has enhanced interest in biobased products and fuels. The work reported here analyzes the feasibility of a multi-product biorefinery using wheat straw as feedstock that produces ethanol, electricity, and cellulose nanofibers. The nanofibers (nanowhiskers) would be used as reinforcements in a biobased nanocomposite material that could substitute for fiberglass in many applications. The analysis indicates that, at 2005 prices and costs, the biorefinery would be marginally profitable. Anticipated advances in bioprocessing technology would enhance profitability. The facility would also make a substantial contribution to the biorefinery site area economy, as a high percentage of operating expenses would be payments to local entities. The growth of a biobased industry could have major economic development implications for the Great Plains/Midwest region.","PeriodicalId":416691,"journal":{"name":"Statistical Series Reports","volume":"8 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":"126963689","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":"RESULTS OF THE NORTH DAKOTA LAND VALUATION MODEL FOR THE 2003 AGRICULTURAL REAL ESTATE ASSESSMENT WITH THE REVISED CAPITALIZATION RATE","authors":"Dwight G. Aakre, Harvey G. Vreugdenhil","doi":"10.22004/AG.ECON.23668","DOIUrl":"https://doi.org/10.22004/AG.ECON.23668","url":null,"abstract":"This report summarizes the results of the North Dakota Land Valuation Model using a capitalization rate of 9.5 percent. The 2003 North Dakota Legislature amended the statute that defines the capitalization rate to be used in this analysis. This legislative change places a minimum of 9.5 percent for the capitalization rate if the calculated value falls below this level. For 2003, the capitalization rate formula yielded a rate of 8.53 percent, thus the minimum of 9.5 percent was used. This model is used annually to estimate average land values by county, based on the value of production from the land. The county land values developed from this procedure form the basis for the 2003 valuation of agricultural land for real estate tax assessment. The average all land value from this analysis is multiplied by the total acres of agricultural land on the county abstract to determine each county's total agricultural land value for taxation purposes. The State Board of Equalization compares this value with the total value assessed to agricultural property in each county. Each county is required by state statute to assess a total value of agricultural property within 5 percent of this value. The average value per acre of all agricultural land in North Dakota decreased by 5.3 percent in this analysis. The increase in the capitalization rate alone accounted for an average decrease in land values of 6.2 percent.","PeriodicalId":416691,"journal":{"name":"Statistical Series Reports","volume":"3 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":"125994079","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":"PARTICIPATION AND LEARNING IN AUCTIONS: BIDDING DECISIONS IN EGYPTIAN OILSEED AUCTIONS","authors":"W. Wilson, W. Wilson","doi":"10.22004/AG.ECON.23647","DOIUrl":"https://doi.org/10.22004/AG.ECON.23647","url":null,"abstract":"Auctions are common mechanisms for identifying prices and suppliers of commodities and are particularly important in agricultural marketing. Information asymmetries among bidders may be ameliorated over time through some form of learning. In this study, we incorporate prior decisions to participate, information from previous auctions, and firm-specific attributes to explain both the decision to bid and the level of the bid. Our analysis uses data from Egyptian oilseed tenders, an important market both for oilseeds and tendering. Because of the unbalanced nature of the panel data, we are able to evaluate the effects of signals received from previous tenders. We find that firms learn from previous auctions and can gain an informational advantage through some form of representation (e.g., by having an agent and/or direct sales agent to the country). Our results provide strong evidence that learning-by-doing affects the decision to participate and that learning affects the bid value. We also find that firms use outcomes of previous auctions to update information in both their decisions to participate in a market as well as determining the bid level. Finally, we find that firms with representation have a higher probability of participating in auctions and some evidence that they submit higher bids (earning higher returns).","PeriodicalId":416691,"journal":{"name":"Statistical Series Reports","volume":"42 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":"114833993","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}
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