Consulta: creatorFacets:"Black,   J. Roy"
Registros recuperados: 50
Data/hora: 05/06/2024 08:53:09

Utilizing Contingent Claims to Improve the Management of CAFOs
Provedor de dados: 31
Autores: Gramig,   Benjamin M.; Skees,   Jerry R.; Black,   J. Roy.
We propose a market-based approach to reducing the environmental risk posed by concentrated animal feeding operations (CAFOs).  The dual problems of hidden information and hidden action faced by policymakers are considered alongside the competing incentives faced by the CAFO manager in a multiple principal-agent setting.  A new approach that uses insurance-like contracts is introduced by use of the specific example of a swine operation with a lagoon-based manure management system.  Index-based contingent claims contracts in tandem with third-party auditing and waste hauling options are introduced as a complement to regulatory frameworks designed to reduce negative externalities from production.
Tipo: Journal Article
Palavras-chave: Animal feeding operations; Asymmetric information; Environmental risk; Insurance; Public policy; Regulation; D82; G22; L51; Q18; Q25; Q28.
Ano: 2004
URL: http://purl.umn.edu/43346

COST OF PUMPKIN PRODUCTION IN MACOMB COUNTY, MICHIGAN
Provedor de dados: 31
Autores: Dartt,   Barbara; Black,   J. Roy; Stevens,   Hannah; Morrone,   Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" pumpkin management strategies found in Macomb County, Michigan.  The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and procit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/11688

Dairy Farm Revenue Insurance:  Is the Application Viable?
Provedor de dados: 31
Autores: Wolf,   Christopher A.; Black,   J. Roy; Hadrich,   Joleen C.
Tipo: Conference Paper or Presentation
Palavras-chave: Risk and Uncertainty.
Ano: 2006
URL: http://purl.umn.edu/21286

COST OF CABBAGE PRODUCTION IN MONROE COUNTY, MICHIGAN
Provedor de dados: 31
Autores: Dartt,   Barbara; Black,   J. Roy; Marks,   Paul; Morrone,   Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" cabbage management strategies found in Monroe County, Michigan.  The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/11607

COST OF CHIP POTATO PRODUCTION IN CENTRAL MICHIGAN
Provedor de dados: 31
Autores: Dartt,   Barbara; Black,   J. Roy; Smucker,   Don.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" chip potato production management strategies found in Montcalm County, Michigan.  The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/11765

A TWO-SHOCK MODEL OF THE IMPACT OF CROP INSURANCE ON INPUT USE: ANALYTIC AND SIMULATION RESULTS
Provedor de dados: 31
Autores: Liu,   Yanyan; Black,   J. Roy.
By altering the probability distribution of farm income, crop insurance programs affect farmer's input use decision. Ramaswami's  (1993) one-shock model analyzed the effect of the crop insurance on single input use by allowing the randomness of yield while keeping price constant in revenue determination. The total effect of actuarially fair insurance on input use was decomposed into risk reduction effect and moral hazard effect, and the directions of the two effects were examined. He showed that the total impact of actuarially fair crop insurance on input use was a) to reduce it if the input was risk decreasing and b) indeterminate if the input was risk increasing. However, the evidence from previous empirical work has been mixed. Horowitz and Lichtenberg...
Tipo: Conference Paper or Presentation
Palavras-chave: Risk and Uncertainty.
Ano: 2004
URL: http://purl.umn.edu/19947

COST OF FRESH MARKET SWEET CORN PRODUCTION IN MONROE COUNTY, MICHIGAN
Provedor de dados: 31
Autores: Dartt,   Barbara; Black,   J. Roy; Marks,   Paul; Morrone,   Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" sweet corn management strategies found in Monroe County, Michigan.  The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/11647

2004 Business Analysis Summary Feeder Steers
Provedor de dados: 31
Autores: Black,   J. Roy; Wittenberg,   Eric.
This report summarizes the financial and production records of 8 Michigan feeder steer farms. To be included, the farms must have produced at least 50 percent of gross cash farm income from feeder steer sales. The records came from Michigan State University's TelFarm project and the Farm Credit Service system in Michigan. The values were pooled into averages for reporting purposes.   Farm records were included if a farm financial summary was completed on 2004 data including beginning and ending balance sheets, plus income and expenses. The data were checked to verify that cash discrepancy was less than 10% of gross cash inflow and that debt discrepancy was less than $1,000. While considerable variation in the data exists, average values are reported in the...
Tipo: Working or Discussion Paper
Palavras-chave: Livestock Production/Industries.
Ano: 2005
URL: http://purl.umn.edu/11815

2003 Business Analysis Summary Feeder Steers
Provedor de dados: 31
Autores: Wittenberg,   Eric; Black,   J. Roy.
This report summarizes the financial and production records of 10 Michigan feeder steer farms. To be included, the farms must have produced at least 50 percent of gross cash farm income from feeder steer sales. The records came from Michigan State University's TelFarm/MicroTel project, the Farm Credit Service system, or by AgriSolutions in Michigan. The values were pooled into averages for reporting purposes.   Farm records were included if a farm financial summary was completed on 2003 data including beginning and ending balance sheets, plus income and expenses. The data were checked to verify that cash discrepancy was less than 10% of gross cash inflow and that debt discrepancy was less than $1,000. While considerable variation in the data exists,...
Tipo: Working or Discussion Paper
Palavras-chave: Livestock Production/Industries.
Ano: 2004
URL: http://purl.umn.edu/11619

COST OF ASPARAGUS PRODUCTION IN WESTERN MICHIGAN
Provedor de dados: 31
Autores: Dartt,   Barbara; Myers,   Norm; Black,   J. Roy; Bakker,   John.
This bulletin was developed to help producers as well as educators and agribusinesses working with producers to estimate costs of production and expected profit based on "typical" asparagus management strategies found in northwestern Michigan. The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.  The brief outline of cultural and pest management practices included in this publication should be supplemented with publications from Michigan State University or from other Universities. See the References section for resources. Many are...
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/11644

THE AGRICULTURAL RISK MANAGEMENT SIMULATOR MICROCOMPUTER PROGRAM
Provedor de dados: 31
Autores: King,   Robert P.; Black,   J. Roy; Benson,   Fred J.; Pavkov,   Patti A.
The Agricultural Risk Management Simulator (ARMS) is a microcomputer program designed to help users evaluate strategies for managing yield and price risk in crop farming operations.  Risk management strategies are defined by choices regarding crop mix, the purchase of multiple peril crop insurance, and the use of forward contracting.  Probabilistic budgeting is used to determine the net cash flow probability distribution for each strategy considered.  Flexibility with regard to both sources of probabilistic information and the form of yield and price probability distributions is a noteworthy feature of the program.
Tipo: Journal Article
Palavras-chave: Risk and Uncertainty.
Ano: 1988
URL: http://purl.umn.edu/29259

COST OF PROCESSING CARROT PRODUCTION IN WEST CENTRAL MICHIGAN
Provedor de dados: 31
Autores: Dartt,   Barbara; Black,   J. Roy; Breinling,   Jim; Morrone,   Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" carrot management strategies found in west central Michigan.  The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/11687

YIELD AND INCOME RISK REDUCTION UNDER ALTERNATIVE CROP INSURANCE AND DISASTER ASSISTANCE DESIGNS
Provedor de dados: 31
Autores: Carriker,   Gordon L.; Williams,   Jeffery R.; Barnaby,   Glenn Arthur, Jr.; Black,   J. Roy.
This study compares the effectiveness of five crop insurance/disaster assistance plans: an individual farm-yield insurance plan similar to the current Federal Crop Insurance Corporation multiperil program, two area-yield insurance plans, a farm-yield disaster assistance plan, and an area-yield disaster assistance plan. These methods are examined for reduction in yield and gross income variability with and without participation in the government deficiency payment program using farm-level yield data from 98 dryland wheat farms and 38 dryland corn farms in Kansas. Although individual farm-yield insurance is complex, suffers from moral hazard and adverse selection problems, and is likely to be the most expensive to administer, it provides more yield and gross...
Tipo: Journal Article
Palavras-chave: Risk and Uncertainty.
Ano: 1991
URL: http://purl.umn.edu/32588

CONSIDERING MARKET-BASED ALTERNATIVES TO IMPROVE THE MANAGEMENT OF CAFOs
Provedor de dados: 31
Autores: Skees,   Jerry R.; Black,   J. Roy; Gramig,   Benjamin M.
This paper presents a proposal to utilize insurance as a market-based alternative to traditional command-and-control regulation of concentrated animal feeding operations in order to meet policy goals to curtail negative environmental externalities.
Tipo: Conference Paper or Presentation
Palavras-chave: Environmental Economics and Policy; Livestock Production/Industries.
Ano: 2003
URL: http://purl.umn.edu/22248

ALERT:  FARMERS NEED TO SIGN UP FOR ACRE!
Provedor de dados: 31
Autores: Hilker,   James H.; Betz,   Roger; Black,   J. Roy.
Corn, soybean and wheat producers are facing serious financial challenges. And it is even worse for livestock producers, most of who are also crop producers and are therefore eligible for ACRE.  Crops are behind in maturity, some areas of the state need rain, product prices have fallen substantially, and USDA Counter Cyclical payments do not start until $2.35 on corn, $5.36 soybeans and $3.40 on wheat. Chances of prices that low are around 10-15%, but at that point ACRE payments would be much, much bigger.  Many producers do not understand ACRE and the benefits available; most of the reasons given for not participating are invalid.
Tipo: Report
Palavras-chave: Crop Production/Industries; Farm Management.
Ano: 2009
URL: http://purl.umn.edu/52208

MODELING OF AGRICULTURAL SYSTEMS
Provedor de dados: 31
Autores: Swinton,   Scott M.; Black,   J. Roy.
The authors present an overview of agricultural systems models.  Beginning with why systems are modeled and for what purposes, the paper examines types of agricultural systems and associated model types.  The broad categories range from pictorial (iconic) models to descriptive analogue models to symbolic (usually mathematical) models.  The uses of optimization versus non-optimizing mechanistic models are reviewed, as are the scale and aggregation challenges associated with scaling up from the plant cell to the landscape or from a farm enterprise to a world market supply-demand equilibrium          Recent modeling developments include the integration of formerly stand-alone biophysical simulation models, increasingly with a unifying spatial database and...
Tipo: Working or Discussion Paper
Palavras-chave: Farm Management.
Ano: 2000
URL: http://purl.umn.edu/11581

Incorporating Environmentally Compliant Manure Nutrient Disposal Costs into Least-Cost Livestock Ration Formulation
Provedor de dados: 31
Autores: Hadrich,   Joleen C.; Wolf,   Christopher A.; Black,   J. Roy; Harsh,   Stephen B.
Livestock rations are formulated to minimize feed cost subject to nutritional requirements for a target performance level, which ignores the potentially substantial cost of disposing of nutrients fed in excess of nutritional requirements. We incorporate nutrient disposal costs into a modified least-cost ration formulation model to arrive at a joint least-cost decision that minimizes the sum of feed and net nutrient disposal costs. The method is demonstrated with phosphorus disposal costs on a representative dairy farm. Herd size, land availability and proximity, crop rotation, and initial soil phosphorus content are shown to be important in determining phosphorus disposal costs.
Tipo: Journal Article
Palavras-chave: Environmental compliance; Linear programming; Livestock rations; Manure disposal; Agribusiness; Environmental Economics and Policy; Livestock Production/Industries; C61; Q12; Q52.
Ano: 2008
URL: http://purl.umn.edu/45525

2002 MICHIGAN FEEDER STEER BUSINESS ANALYSIS SUMMARY
Provedor de dados: 31
Autores: Wittenberg,   Eric; Black,   J. Roy.
This report summarizes the financial and production records of 10 Michigan feeder steer farms.  To be included, the farms must have produced at least 50 percent of gross cash farm income from feeder steer sales.  The records came from Michigan State University's TelFarm/MicroTel project, the Farm Credit Service system, or by AgriSolutions in Michigan.  The values were pooled into averages for reporting purposes.    Farm records were included if a farm financial summary was completed on 2002 data including beginning and ending balance sheets, plus income and expenses.  The data were checked to verify that cash discrepancy was less than 10% of gross cash inflow and that debt discrepancy was less than $1,000.  While considerable variation in the data exists,...
Tipo: Working or Discussion Paper
Palavras-chave: Livestock Production/Industries.
Ano: 2003
URL: http://purl.umn.edu/11763

An Examination of US Consumer Pet and Veterinary Expenditures, 1980-1999
Provedor de dados: 31
Autores: Wolf,   Christopher A.; Lloyd,   James W.; Black,   J. Roy.
The veterinary medical profession touches nearly everyone's life, either directly or indirectly.  An estimated 58.3% of US households own pets (AVMA, 2002), and most people consume livestock products in the form of meat, dairy products, wool, or leather.  The health and well being of all these animals depend heavily on relationships with veterinarians.  Veterinarians also contribute to public health through the FDA, CDC, USDA, and numerous other government agencies at the federal, state, and local levels.  Issues of primary concern include food safety, biosecurity, and the numerous emerging (and re-emerging) infectious diseases that are zoonotic in nature.  Finally, veterinarians have an additional impact through their research contributions.  Virtually...
Tipo: Working or Discussion Paper
Palavras-chave: Health Economics and Policy.
Ano: 2006
URL: http://purl.umn.edu/7430

Factors Influencing the Profitability of Fertilizer Use on Maize in Zambia
Provedor de dados: 31
Autores: Xu,   Z.; Guan,   Zhengfei; Jayne,   Thomas S.; Black,   J. Roy.
Major Findings: The additional maize produced from a given amount of fertilizer applied varied widely across households even after largely controlling for soil and rainfall conditions. The median estimated response rate was 15.9kgs of maize per kg nitrogen applied; Under the range of conditions and smallholder management practices, average maize fertilizer response rates declined as the application rate increased beyond 2 bags of urea and 2 bags of D compound; Factors raising the response rate and profitability of fertilizer use included timely availability, application rates less than the MOA 4x4 recommendation, use of animal draft power in land preparation, and use of hybrid seed. In remote areas, and given current management practices, fertilizer use...
Tipo: Report
Palavras-chave: Agriculture; Africa; Zambia; Fertilizer; Crop Production/Industries; Q12.
Ano: 2009
URL: http://purl.umn.edu/54639

THE VALUE OF GENETIC INFORMATION IN SELECTION OF REPLACEMENT HOLSTEIN HEIFERS
Provedor de dados: 31
Autores: Radke,   Brian R.; Lloyd,   James W.; Black,   J. Roy; Harsh,   Stephen B.
Genetic information is valuable to livestock producers because its incorporation into their selection decisions results in improved animals. Hedonic models have been developed to value bulls' genetic traits to form a pricing mechanism for semen (Schroeder et al.; Richards and Jeffrey). Harris and Freeman estimated the economic weights of genetic traits that maximize producer income. These examples are representative of studies which valued genetic traits, but we are not aware of any research valuing the information on the underlying genetic traits.
Tipo: Working or Discussion Paper
Palavras-chave: Livestock Production/Industries.
Ano: 2000
URL: http://purl.umn.edu/11731

Is Area Yield Insurance Competitive with Farm Yield Insurance?
Provedor de dados: 31
Autores: Barnett,   Barry J.; Black,   J. Roy; Hu,   Yingyao; Skees,   Jerry R.
This article compares risk reduction from MPCI and GRP crop insurance contracts. The analysis extends and improves on the existing area-yield insurance literature in four important respects. First, the geographical scope greatly exceeds that of previous work. Second, unlike previous efforts, the area is not assumed to consist only of those farms included in the analysis. Third, the analysis is based on the actual GRP indemnity function rather than the area-yield indemnity function commonly used in the literature. Fourth, the analysis avoids the questionable assumption that GRP scale can be optimized at the individual farm level. Even with a number of conservative assumptions favoring MPCI relative to GRP, results indicate that at least for some crops and...
Tipo: Journal Article
Palavras-chave: Area yield insurance; Multiple Peril Crop Insurance; Risk reduction; Risk and Uncertainty.
Ano: 2005
URL: http://purl.umn.edu/31216

DYNAMIC RISK MANAGEMENT UNDER CREDIT CONSTRAINTS
Provedor de dados: 31
Autores: Nyambane,   Gerald G.; Hanson,   Steven D.; Myers,   Robert J.; Black,   J. Roy.
The vast majority of previous studies on farmers' optimal risk management behavior have used static models and on the most part ignored use of borrowing and lending as an alternative method of managing risk In this paper we develop a stylized multi-period risk management model for a risk averse farmer who can use revenue insurance to manage risk and also borrow and lend subject to a credit constraint. The model is applied to an example farm from Adair County in Iowa and the results provide three important messages. First, contrary to the full coverage of actuarially fair insurance result expected from using purely static analysis, at low revenues, insurance coverage may not be taken in the absence of debt. Second, if debt is available, full coverage will...
Tipo: Conference Paper or Presentation
Palavras-chave: Risk and Uncertainty.
Ano: 2002
URL: http://purl.umn.edu/19072

PRICING AND USE OF DROUGHT-STRESSED AND IMMATURE CORN AS SILAGE FOR BEEF CATTLE
Provedor de dados: 31
Autores: Black,   J. Roy; Schwab,   Gerald; Rust,   Steven R.; Buskirk,   Dan.
No abstract available.
Tipo: Working or Discussion Paper
Palavras-chave: Demand and Price Analysis.
Ano: 1996
URL: http://purl.umn.edu/11754

ECONOMIC ANALYSIS APPROACHES TO POTATO-BASED INTEGRATED CROP SYSTEMS:  ISSUES AND METHOD
Provedor de dados: 31
Autores: Labarta,   Ricardo A.; Swinton,   Scott M.; Black,   J. Roy; Snapp,   Siglinde; Leep,   Richard.
In response to stagnating yields and mounting pest problems, Michigan potato growers are investigating ways to bring manure and cover crops back into potato production systems.  The alternative systems bring benefits and costs for monetary net returns, the variability of net returns, and environmental impacts.  This paper reviews the likely yield and biological system effects of alternative potato production systems that incorporate manure and cover crops.  After briefly considering research designs for gathering experimental versus farm field data, it reviews four economic analysis methods for evaluating alternative systems.  All methods are illustrated with examples.  First, for evaluating comparative average profitability, it reviews a) enterprise...
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/11677

Assessing Bottlenecks in Vertically Organized Beef Systems
Provedor de dados: 31
Autores: Raper,   Kellie Curry; Black,   J. Roy; Hogberg,   Michael; Hilker,   James H.
Tipo: Journal Article
Palavras-chave: Agribusiness.
Ano: 2005
URL: http://purl.umn.edu/26756

Factors Influencing the Profitability of Fertilizer Use on Maize in Zambia.
Provedor de dados: 31
Autores: Xu,   Zhiying; Guan,   Zhengfei; Jayne,   Thomas S.; Black,   J. Roy.
Fertilizer use remains very low in most of Africa despite widespread agreement that much higher use rates are required for sustained agricultural productivity growth. This study estimates maize yield response functions in agro-ecological Zone IIA, a relatively high potential zone of Zambia, to determine the profitability of fertilizer use under a range of small farm conditions found within this zone. The theoretical framework used in this study incorporates agronomic principles of the crop growth process. The model distinguishes different roles of inputs and non-input factors in crop production. We estimate the effects of conventional production inputs as well as household characteristics and government programs on maize yield for households in the...
Tipo: Report
Palavras-chave: Zambia; Maize; Fertilizer; Profitability; Crop Production/Industries; Q12.
Ano: 2009
URL: http://purl.umn.edu/54500

Michigan Production Costs for Tart Cherries by Production Region
Provedor de dados: 31
Autores: Black,   J. Roy; Nugent,   James; Rothwell,   Nikki; Thornsbury,   Suzanne; Olynk,   Nicole J.
The weighted average cost of producing tart cherries in Michigan on a representative farm in 2009 is $0.36/lb. This cost was averaged across the three main production regions in Michigan and weighted by average per acre production for each region as published by the Michigan Agricultural Statistics Service. --Costs vary across the main production regions and by farm size. Costs are about $0.04/lb less for mid-sized farms in Northwest Michigan and $0.08/lb and $0.10/lb in West Central and Southwest Michigan, respectively. --This report was developed through interviews with tart cherry growers and other experts in each of the three main growing regions in 2005 and 2006. Many of the numbers were updated in 2009. --The cost of production calculation is based...
Tipo: Working or Discussion Paper
Palavras-chave: Tart cherry; Costs; Production; Michigan; Agribusiness; Crop Production/Industries; Q100; Q120.
Ano: 2010
URL: http://purl.umn.edu/98205

Getting More “Bang for the Buck”: Diversifying Subsidies Beyond Fertilizer and Policy Beyond Subsidies
Provedor de dados: 31
Autores: Burke,   William J.; Jayne,   Thomas S.; Black,   J. Roy.
Input subsidies are the single greatest expenditure under poverty reduction programs in Zambia. Yet maize yields continue to fall well short of international standards. One major reason appears to be the yield limiting effects of acidity, which is highly common on Zambian soils. We suggest a diversification of the input subsidy scheme beyond fertilizer to include inputs that reduce acidity and raise the yield response to fertilizer application. We further discuss specific recommendations for diversifying productivity investments to put more emphasis on extension and agronomic research.
Tipo: Technical Report
Palavras-chave: Food Security; Food Policy; Marketing; Agribusiness; Agricultural and Food Policy; Food Security and Poverty; Marketing.
Ano: 2012
URL: http://purl.umn.edu/123209

AN ANALYTICAL FRAMEWORK FOR DISCUSSING FARM BUSINESS INTERRUPTION INSURANCE FOR CLASSICAL SWINE FEVER
Provedor de dados: 31
Autores: Meuwissen,   Miranda P.M.; Skees,   Jerry R.; Black,   J. Roy; Huirne,   Ruud B.M.; Dijkhuizen,   Aalt A.
This paper studies farm business interruption insurance for Classical Swine Fever epidemics. Insight into the size of risk is obtained by a very detailed Monte-Carlo simulation model that includes both epidemiological and economic factors. The paper also considers issues such as farmers’' and governments’' influence on the size of risk.
Tipo: Conference Paper or Presentation
Palavras-chave: Livestock Production/Industries; Risk and Uncertainty.
Ano: 2000
URL: http://purl.umn.edu/21738

PRICING AND USE OF DROUGHT-STRESSED AND IMMATURE CORN AS SILAGE FOR DAIRY CATTLE
Provedor de dados: 31
Autores: Black,   J. Roy; Schwab,   Gerald; Bucholtz,   Herb; Rust,   Steven R.
No abstract available.
Tipo: Working or Discussion Paper
Palavras-chave: Demand and Price Analysis.
Ano: 1996
URL: http://purl.umn.edu/11678

COST OF FRESH MARKET SWEET BELL PEPPER PRODUCTION IN MACOMB COUNTY, MICHIGAN
Provedor de dados: 31
Autores: Dartt,   Barbara; Black,   J. Roy; Stevens,   Hannah; Morrone,   Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" sweet bell pepper management strategies found in Macomb County, Michigan.  The tools and techniques these producers use do not vary substantially from typical practices found in other regions of the state.  The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/11698

THE REAL OPTIONS PUZZLE FOR MICHIGAN TART CHERRY PRODUCERS
Provedor de dados: 31
Autores: Nyambane,   Gerald G.; Black,   J. Roy.
Capital budgeting decisions faced by tart cherry producers often challenge our traditional valuation techniques. Real Options Valuation (ROV) methods may be useful but assumptions of existing ROV approaches are restrictive and, in some cases, unrealistic. In this paper we assert that use of existing option pricing methods can not be justified. Instead, dynamic programming approach is more appropriate. We develop a multi-period model and use it to obtain an optimal orchard replacement policy. The model is applied to an example farm from Northwestern Michigan and the results provide the following messages. First, flexibility options can be estimated for individual tart cherry producers using the DP approach albeit, indirectly. Second, a farmer who uses the...
Tipo: Conference Paper or Presentation
Palavras-chave: Farm Management.
Ano: 2004
URL: http://purl.umn.edu/20011

EVALUATING USE OF OUTLOOK INFORMATION IN GRAIN SORGHUM STORAGE DECISIONS
Provedor de dados: 31
Autores: Rister,   M. Edward; Skees,   Jerry R.; Black,   J. Roy.
This study examines grain sorghum storage decisions in the Texas Coastal Bend region.  Decisions involving use and non-use of outlook information are compared using stochastic dominance criteria. Results indicate outlook information is of value to most classes of decision-makers.  The value of outlook information, however, is contingent upon producers' risk preferences. The methodology presented could be used to evaluate a more extensive set of marketing strategies for grain sorghum as well as for other crops.
Tipo: Journal Article
Palavras-chave: Crop Production/Industries.
Ano: 1984
URL: http://purl.umn.edu/29594

Efficiency Costs of Subsidy Rules for Crop Insurance
Provedor de dados: 31
Autores: Wang,   H. Holly; Hanson,   Steven D.; Black,   J. Roy.
Participation in federal crop insurance programs has been encouraged through premium subsidies. The current subsidy depends on contract features as well as coverage levels. This type of subsidy rule causes farmers to choose contract designs and coverages that are not efficient for managing risk, in order to capture subsidy. Farmers are found to be as well off with a flat subsidy that is up to 25% less than the value of the current regressive proportional subsidy.
Tipo: Journal Article
Palavras-chave: Crop insurance; Futures; Risk management; Subsidy; Risk and Uncertainty.
Ano: 2003
URL: http://purl.umn.edu/30717

CAN REVENUE INSURANCE SUBSTITUTE FOR PRICE AND YIELD RISK MANAGEMENT INSTRUMENTS?
Provedor de dados: 31
Autores: Hanson,   Steven D.; Black,   J. Roy; Wang,   H. Holly.
This is a revised copy of Staff Paper 2000-48.
Tipo: Working or Discussion Paper
Palavras-chave: Risk and Uncertainty.
Ano: 2000
URL: http://purl.umn.edu/11655

Perceptions of Vertical Marketing Arrangement Performance: Cow/calf Producers versus Multiple Production Level Producers
Provedor de dados: 31
Autores: Raper,   Kellie Curry; Black,   J. Roy; Hilker,   James H.
This study seeks to understand whether beef operators who specialize in cow-calf production exhibit different motives for alliance participation and different levels of satisfaction with these vertical marketing arrangements than their counterparts in cow-calf production who also operate upstream or downstream beef enterprises.  Survey results indicate that there are differences among producer groups, particularly with respect to information access and interpretation and pooling cattle.
Tipo: Conference Paper or Presentation
Palavras-chave: Livestock Production/Industries; Marketing.
Ano: 2008
URL: http://purl.umn.edu/6415

COST OF ONION PRODUCTION IN SOUTHERN MICHIGAN
Provedor de dados: 31
Autores: Dartt,   Barbara; Black,   J. Roy; Breinling,   Jim; Morrone,   Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" onion management strategies found in Michigan.  Because sorting and packing practices differ widely throughout the industry, this budget DOES NOT include the costs of sorting, packing and bagging.  It represents the cost to produce onions up to their delivery to a packing facility.  The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/11764

PROFITABILITY OF FERTILIZER USE ON MAIZE BY SMALL-SCALE FARMING HOUSEHOLDS IN ZAMBIA
Provedor de dados: 31
Autores: Xu,   Zhiying; Jayne,   Thomas S.; Black,   J. Roy; Govereh,   Jones.
Multi-year nationwide survey data is used to estimate maize yield response functions and determine profitability of fertilizer use by small-scale farmers in Zambia. Most previous research on economics of fertilization used estimates of yield response to nutrients based on experimental or simulation data and seldom investigated region-specific and management-specific effects. In this paper we address the main issues arising from using large survey data and estimate maize yield response functions for different groups of households that have various management practices and soil conditions in two major agro-climatic zones. Profitability of fertilizer use is determined for each group in each zone and the results provide the following messages. First,...
Tipo: Conference Paper or Presentation
Palavras-chave: Farm Management.
Ano: 2005
URL: http://purl.umn.edu/19141

Does Subsidizing Fertilizer Increase Yields? Evidence from Malawi
Provedor de dados: 31
Autores: Ricker-Gilbert,   Jacob; Jayne,   Thomas S.; Black,   J. Roy.
Despite their strain on government and donor budgets, fertilizer subsidies have once again become popular policy tools in several Sub-Saharan Africa countries as a potential way to increase yields in staple crops like maize. Policy makers often assume that farmers who receive the subsidy will achieve yield responses that are similar to those obtained by farmers who pay commercial prices for the input. This notion has not been verified empirically. Our study uses panel data from Malawi, a country that recently implemented a fertilizer subsidy program, to compare maize yield response to fertilizer from farmers who received subsidized fertilizer with yield responses from those who paid commercial prices for the input. Descriptive results indicate that maize...
Tipo: Conference Paper or Presentation
Palavras-chave: Malawi; Fertilizer Subsidies; Production Function; Crop Production/Industries.
Ano: 2009
URL: http://purl.umn.edu/49532

Economically Optimal Distiller Grain Inclusion in Beef Feedlot Rations: Recognition of Omitted Factors
Provedor de dados: 31
Autores: Jones,   Crystal; Tonsor,   Glynn T.; Black,   J. Roy; Rust,   Steven R.
With the rapid expansion of the ethanol industry, the feeding landscape familiar to the feedlot industry is changing.  While concerns regarding rising corn prices persist, many within the industry are looking at distiller’s grains, a by-product of ethanol production, to serve as a feed substitute.  The question remains as to what extent these two feed sources are substitutable.  The purpose of this study is to identify the economically optimal inclusion rate of distiller’s grains in beef feedlot rations, considering an array of often omitted factors.  Most currently prevailing recommendation rates are strictly biologically based and frequently reference only one feeding trial.  Unique economic factors considered in this research include the impact of...
Tipo: Conference Paper or Presentation
Palavras-chave: Livestock Production/Industries.
Ano: 2007
URL: http://purl.umn.edu/9741

ADJUSTED GROSS REVENUE PILOT INSURANCE PROGRAM: RATING PROCEDURE (REPORT PREPARED FOR THE RISK MANAGEMENT AGENCY BOARD OF DIRECTORS)
Provedor de dados: 31
Autores: Black,   J. Roy.
The focus of this paper is on outlining the procedures used to estimate the premium rates for the Adjusted Gross Revenue (AGR) insurance plan.  The AGR rating procedures draw substantially on rating procedures used in products currently reinsured and subsidized by Risk Management Agency/USDA (RMA); thus, the principal focus here is on those features that are a specific to AGR. The outline, briefly, the procedures used in rating existing products to set the stage for describing AGR rating procedures. The focus of AGR is on farms whose principal revenue streams are from NAP crops as contrasted to farms whose crops can be insured under a plan reinsured and subsidized by RMA; however, the procedures must recognize and take advantage of the fact that crops with...
Tipo: Working or Discussion Paper
Palavras-chave: Risk and Uncertainty.
Ano: 2000
URL: http://purl.umn.edu/11721

ECONOMICS OF ALTERNATIVE STOCKING DENSITIES FOR DIRECT-SEEDED CENTRAL MICHIGAN ALFALFA PASTURES
Provedor de dados: 31
Autores: Wachenheim,   Cheryl J.; Black,   J. Roy; Schelegal,   M.L.; Rust,   Steven R.
A framework which permits estimation of economically optimal stocking rates for alternative economic parameters and alfalfa forage availability was developed and applied to a controlled grazing experiment conducted with Holstein steers (243 kg) placed on direct seeded alfalfa pastures in Central Michigan. Responses of ADG to alternative levels of forage availability per standard livestock unit (FA) were summarized by a quadratic function and the associated gains/ha were calculated.  The ADG decreased as standard stocking rate (SSR; SLU/ha) increased except for the combination of the lowest observed SSR and highest FA, where ADG was curvilinear as SSR increased.  The trend for gain/ha was curvilinear for all FA.  The SSR which maximized gain/ha increased...
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 1999
URL: http://purl.umn.edu/11697

COST OF FRESH MARKET CELERY PRODUCTION IN SOUTHWESTERN MICHIGAN
Provedor de dados: 31
Autores: Dartt,   Barbara; Black,   J. Roy; Breinling,   Jim; Morrone,   Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" celery management strategies found in southwestern Michigan.  The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/11777

Late Planting Decisions with Crop Insurance: Decision Guidelines for Michigan Farmers in Spring 2011
Provedor de dados: 31
Autores: Betz,   Roger; Schweikhardt,   David B.; Black,   J. Roy; Hilker,   James H.
Michigan has had unusually wet planting conditions in 2011, leading to substantial acreage that has not been planted at this late date. Farmers who purchased crop insurance have many options available to them. This paper addresses the major crop insurance decisions that farmers will face during the next 30 days.
Tipo: Working or Discussion Paper
Palavras-chave: Crop insurance; Prevented planting; Risk management; Farm management; Corn returns; Soybean returns; Agricultural and Food Policy; Crop Production/Industries; Farm Management; Risk and Uncertainty.
Ano: 2011
URL: http://purl.umn.edu/108905

Economically Optimal Distiller Grain Inclusion in Beef Feedlot Rations: Recognition of Omitted Factors
Provedor de dados: 31
Autores: Jones,   Crystal; Tonsor,   Glynn T.; Black,   J. Roy; Rust,   Steven R.
With the rapid expansion of the ethanol industry, the feeding landscape familiar to the feedlot industry is changing. While concerns regarding rising corn prices persist, many within the industry are looking at distiller’s grains, a by-product of ethanol production, to serve as a feed substitute. The question remains as to what extent these two feed sources are substitutable. The purpose of this study is to identify the economically optimal inclusion rate of distiller’s grains in beef feedlot rations, considering an array of often omitted factors. Most currently prevailing recommendation rates are strictly biologically based and frequently reference only one feeding trial. Unique economic factors considered in this research include the impact of by-product...
Tipo: Conference Paper or Presentation
Palavras-chave: Distiller’s grains; Livestock rations; Manure disposal cost.
Ano: 2007
URL: http://purl.umn.edu/37574

Maize Yield Response to Fertilizer and Profitability of Fertilizer Use Among Small-Scale Maize Producers in Zambia
Provedor de dados: 31
Autores: Xu,   Zhiying; Govereh,   Jones; Black,   J. Roy; Jayne,   Thomas S.
Multi-year nationwide survey data is used to estimate maize yield response functions and determine profitability of fertilizer use by small-scale farmers in Zambia. There has been a dearth of empirical studies on economics of fertilization in the context of Sub-Saharan Africa. In this paper we identify major methodological issues arising from using survey data and estimate maize yield response functions for small-scale rural households that have various management practices and soil conditions in two major agro-climatic zones. Profitability of fertilizer use is determined for each group of households. Our findings provide the following key messages. First, households that obtained fertilizer on time and used animal draught power or mechanical power for...
Tipo: Conference Paper or Presentation
Palavras-chave: Maize; Yield; Fertilizer; Profitability; Survey data; Crop Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/25730

2005 Michigan Feeder Steers Business Analysis Summary
Provedor de dados: 31
Autores: Wittenberg,   Eric; Black,   J. Roy.
This report summarizes the financial and production records of 5 Michigan feeder steer farms.  To be included, the farms must have produced at least 50 percent of gross cash farm income from feeder steer sales.  The records came from Michigan State University's TelFarm project and the Farm Credit Service system in Michigan.  The values were pooled into averages for reporting purposes.    Farm records were included if a farm financial summary was completed on 2005 data including beginning and ending balance sheets, plus income and expenses.  The data were checked to verify that cash discrepancy was less than 10% of gross cash inflow and that debt discrepancy was less than $1,000.  While considerable variation in the data exists, average values are reported...
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural Finance; Livestock Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/9309

COST OF PROCESSING TOMATO PRODUCTION IN MONROE COUNTY, MICHIGAN
Provedor de dados: 31
Autores: Dartt,   Barbara; Black,   J. Roy; Marks,   Paul; Morrone,   Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" tomato management strategies found in Monroe County, Michigan.  The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/11583

Reduction of Yield and Income Risk Under Alternative Crop Insurance and Disaster Assistance Plans
Provedor de dados: 31
Autores: Carriker,   Gordon L.; Williams,   Jeffery R.; Barnaby,   Glenn Arthur, Jr.; Black,   J. Roy.
This study compares the effectiveness of five crop insurance/disaster assistance plans: an individual farm yield insurance plan similar to the current FCIC multi-peril program ; two area yield insurance plans; a farm yield disaster assistance plan; and an area yield disaster assistance plan. These methods are examined for reduction in yield and gross income variability with and without participation in the government deficiency payment programs using farm-level yield data from 98 dryland wheat farms and 38 dryland corn farms in Kansas . Although individual farm yield insurance is complex, suffers from moral hazard and adverse selection problems, and is likely to be the most expensive to administer , it provides more yield and gross income risk reduction...
Tipo: Working or Discussion Paper
Palavras-chave: Crop Insurance; Crop Disaster Assistance; Risk; Wheat; Corn; Risk and Uncertainty.
Ano: 1990
URL: http://purl.umn.edu/118191