SABIIA - Sistema Aberto e Integrado de Informação em Agricultura (Sabiia)

Koo, Won W.; Duncan, Marvin R.; Taylor, Richard D.; Aakre, Dwight G..

The Federal Agriculture Improvement and Reform Act of 1996 (FAIR Act) decouples government farm subsidy payments from both price and production and provides farmers with nearly complete planting flexibility. Government spending under this act will be limited to $35.63 billion for 1996-2002 period. The net farm income for all six representative farms under the 1996 FAIR Act is projected to be higher than under the 1990 farm act early in the forecast period and lower after 1999 under the 1996 FAIR Act. Cropland prices are projected to fall 19.8% between 1996 and 2002 under the 1996 FAIR Act, while cropland prices are projected to fall 18.5% under the 1990 farm act. Cash rental rates are projected to follow cropland prices. Debt-to-asset ratios for most...

Revealing an Equitable Income Allocation among Dairy Farm Partnerships

Palavras-chave: FAIR Act; Net farm income; Debt-to-asset ratio; Cropland prices; Land rental rates; Farm operating expenses; Capitalization rate; Agricultural and Food Policy.

Ano: 1996

URL: http://purl.umn.edu/23150

Dressler, Jonathan B.; Tauer, Loren W..

We formulate a method to determine an equitable division of dairy farm partnership income when partners provide unequal amounts of capital, labor, and management and empirically estimate this relationship. New York dairy farm financial data are used within fixed effects and random coefficient panel regression models to reveal a systematic division of dairy farm partnership income among operators’ labor, capital, and management while controlling for heterogeneity arising from differing herd size. Results indicate that controlling for time and heterogeneity across farms due to herd size are important factors when dividing net farm income among unpaid factors of production. Empirical estimates of allocating dairy farm partnership income to equity,...

The Effect of Recombinant Bovine Somatotropin on Patterns of Milk Production, Lactational Milk Estimates and Net Farm Income

Palavras-chave: Dairy; Opportunity costs; Unpaid factors production; Net farm income; Operators’ labor; Capital; Management.; Agricultural Finance; Farm Management; Q10; Q12.

Ano: 2011

URL: http://purl.umn.edu/102116

Judge, Lawrence J.; Lloyd, James W.; Bartlett, Paul C..

Bovine somatoropin (bST) alters total milk production and production patterns in dairy cows and understanding the economic benefits of bST for the dairy producer are critical. Holstein cows (n = 555) from four Michigan dairy farms were randomly assigned as untreated controls or to receive 500 mg of bovine somatotropin (PosilacR) administered every 14 days beginning at 63 to 69 days of lactation and continuing until approximately 21 days prior to the end of lactation or until the animal was removed from the herd. Average peak milk production was 50.8 kg / day and occurred at an average of 113 9 days of lactation for bST-treated cows while average peak production was 48.9 kg / day occurring at an average of 86.4 days of lactation for control cows; both...

2004 NORTH DAKOTA AGRICULTURAL OUTLOOK: REPRESENTATIVE FARMS, 2004-2013

Palavras-chave: Bovine somatotropin; Dairy; Net farm income; Farm Management; Livestock Production/Industries; Productivity Analysis; Research and Development/Tech Change/Emerging.

Ano: 2009

URL: http://purl.umn.edu/53966

Taylor, Richard D.; Koo, Won W.; Swenson, Andrew L..

Net farm income for all representative farms in 2013 will be lower than in 2004. Low-profit farms, which comprise 25% of the farms in the study, may not have financial resiliency to survive without off-farm income. Costs are projected to increase faster than yields, which will pressure net farm income downward. Cropland prices and cash rental rates are projected to increase slightly in all regions. Debt-to-asset ratios for most farms will increase slightly throughout the forecast period. Debt-to-asset ratios for the low-profit and small-size farms are higher than those for large and high-profit farms.

1997 NORTH DAKOTA AGRICULTURAL OUTLOOK: REPRESENTATIVE FARMS 1996-2005

Palavras-chave: Net farm income; Debt-to-asset ratios; Cropland prices; Land rental rates; Farm operating expenses; Capitalization rate; Farm Management.

Ano: 2004

URL: http://purl.umn.edu/23528

Koo, Won W.; Duncan, Marvin R.; Taylor, Richard D..

Net farm income for all representative farms will be lower in 2003 than in 1995-96, but net farm income will be level throughout the 1997-2005 period. Cropland prices are projected to fall in all regions of North Dakota after peaking in 1996-97. Cash rental rates are projected to follow cropland prices. Debt-to-asset ratios for most farms, although rising across the forecast period, will not reach levels that imperil credit worthiness. Debt-to-asset ratios for the low profit and small size farms are higher than those for large and high profit farms.

Changes in Agricultural Input Costs and Their Impact on Net Farm Income

Palavras-chave: Net farm income; Debt-to-asset ratio; Cropland prices; Land rental rates; Farm operating expenses; Capitalization rate; Farm Management.

Ano: 1997

URL: http://purl.umn.edu/23424

The U.S. Agricultural Sector and the Macroeconomy

The recent rapid increase in commodity prices is not an unique event. It has happened several times in the past. Commodity prices have always dropped, returning to a more normal level. Production costs, on the other hand, follow commodity prices up but do not follow them down. Net farm income has increased rapidly in most commodity sectors of agriculture. However, production costs have increased substantially during the past few years. Those cost increases will reduce net farm incomes in the future if commodity prices do not continue to increase.

Tipo: Report

Palavras-chave: Net farm income; Production costs; Gross income; Production Economics.

Ano: 2008

URL: http://purl.umn.edu/44821

Baek, Jungho; Koo, Won W..

The effects of the exchange rate, the U.S. agricultural price, the domestic income, and the interest rate on the U.S. net farm income are investigated in a cointegration framework. For this purpose, the Phillips-Hansen fully-modified cointegration (FM-OLS) procedure is applied to annual data for the period 1957–2008. Results suggest that there exists the long-run equilibrium relationship between the U.S. net farm income and the selected macroeconomic variables. We also find that the exchange rate and U.S. agricultural price are more important than other variables in determining the U.S. net farm income.

Tipo: Journal Article

Palavras-chave: Agricultural price; Exchange rate; Gross domestic product; Interest rate; Net farm income; Phillips-Hansen fully-modified cointegration technique; Agribusiness; Agricultural Finance; Land Economics/Use; Production Economics; Research Methods/ Statistical Methods; C22; E23; Q11.

Ano: 2010

URL: http://purl.umn.edu/92580

Report on Long Term Challenges and Opportunities for Future Competitiveness and Prosperity of the Agriculture and Agri-Food Industry - Chapter 1: Primary Agriculture

U.S. Proposal for WTO Hong Kong Ministerial Conference: What's at Stake for Cotton Producers?

This report is the first chapter of the final report prepared by the Federal/Provincial/Territorial (FPT) Working Group (WG) on Economic Analysis at the request of FPT Assistant Deputy Ministers (ADMs), in a joint FPT effort to study the challenges and opportunities facing the agriculture and agri-food sector. The report is a compilation of data and information that presents a snapshot of the Canadian primary agricultural sector in relation to the financial position of farms and the challenges and opportunities facing the sector. It finalizes the analysis of the FPT WG by expanding and updating the information that was previously published in a Progress report on AAFC Online in February, 2006.

Tipo: Report

Palavras-chave: Primary agriculture; Structural change; Performance of farms; Farm family income; Aggregate cash income; Net farm income; Profitability; Productivity growth; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Consumer/Household Economics; Crop Production/Industries; Demand and Price Analysis; Environmental Economics and Policy; Farm Management; Financial Economics; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; International Relations/Trade; Labor and Human Capital; Land Economics/Use; Livestock Production/Industries; Marketing; Production Economics; Productivity Analysis; Public Economics; Research and Development/Tech Change/Emerging Technologies; Resource /Energy Economics and Policy.

Ano: 2006

URL: http://purl.umn.edu/52707

Fadiga, Mohamadou L.; Mohanty, Samarendu; Pan, Suwen; Welch, Mark.

This study analyzed the cost to U.S. cotton producers of two policy alternatives under which the U.S. seeks to cut its total AMS payments for cotton by 60%. We considered two scenarios; the U.S. decides to act unilaterally versus conducting the policy initiative along with multilateral tariff and subsidy eliminations from the Rest of the World. The study found a 12% cut in target price and 8% cut in loan rate are necessary to reach the 60% AMS targeted reduction under the unilateral scenario. In that regards, U.S. net farm income decreases considerably despite an appreciation of U.S. farm price. Under a multilateral trade liberalization from the Rest of the World, a 9% cut in the loan rate and 4% in loan rate are enough to reach the AMS reduction...

Tipo: Conference Paper or Presentation

Palavras-chave: United States; Hong Kong; Cotton subsidies; Tariff; Net farm income; International Relations/Trade; Q11; Q17.

Ano: 2006

URL: http://purl.umn.edu/21273

2011 North Dakota Agricultural Outlook: Representative Farms, 2011-2020

Taylor, Richard D.; Koo, Won W.; Swenson, Andrew L..

Net farm income in North Dakota was at record levels for most representative farms in 2010. However income in 2020 is projected to be lower than in 2010. Commodity prices are expected to decrease slowly from current levels. Commodity yields are projected to increase at historical trend-line rates and production expenses are expected to return to normal growth rates. Debt-to-asset ratios for all farms except for the low profit farm will decrease slightly throughout the forecast period. Debt-to-asset ratios for the low-profit farms are expected to increase slightly.

Tipo: Report

Palavras-chave: Net farm income; Debt-to-asset ratios; Cropland prices; Land rental rates; Farm operating expenses; Capitalization rate; Risk; Agricultural Finance; Farm Management; Financial Economics; Land Economics/Use.

Ano: 2011

URL: http://purl.umn.edu/115629

Climate Change Legislation: Positive or Negative For North Dakota Agriculture?

2009 North Dakota Agricultural Outlook: Representative Farms, 2009-2018

The United States House of Representatives passed a climate change bill entitled “The American Clean Energy and Security Act” in June 2009. The bill establishes a combined efficiency and renewable electricity standard which requires retail electricity suppliers to utilize 20% renewable energy by 2020. The objective of this study is to estimate the costs of the American Clean Energy and Security Act in crop production and the benefits of carbon sequestration under the legislation. This study especially evaluates the impact of the legislation on the North Dakota farm income under a Cap and Trade system with and without carbon sequestration. Three different carbon sequestration programs are evaluated to estimate the impact of each program on the net farm...

Tipo: Report

Palavras-chave: Carbon sequestration; American Clean Energy and Security Act; North Dakota Representative Farm model; No-till; Wetlands; Woodlands; Net farm income; Agribusiness.

Ano: 2009

URL: http://purl.umn.edu/55940

Taylor, Richard D.; Koo, Won W.; Swenson, Andrew L..

Net farm income for all representative farms in 2018 is projected to be lower than in 2008. Low-profit farms, which comprise 20% of the farms in the study, may not have financial resiliency to survive without off-farm income. Commodity prices are expected to fall from current levels however the final level is unknown. Commodity yields are projected to increase at historical trend-line rates and production expenses are expected to return to normal growth rates after 2009. Debt-to-asset ratios for all farms except for the low profit farm will decrease slightly throughout the forecast period. Debt-to-asset ratios for the low-profit farms are expected to increase to about 0.50.

Tipo: Report

Palavras-chave: Net farm income; Debt-to-asset ratios; Cropland prices; Land rental rates; Farm operating expenses; Capitalization rate; Risk iv; Agricultural Finance; Farm Management; Financial Economics; Land Economics/Use.

Ano: 2009

URL: http://purl.umn.edu/55124

Discussion: Revisiting Macroeconomic Linkages to Agriculture: The Impact of Macroeconomic Variables and the Oil Sector on Farm Prices and Income

2002 NORTH DAKOTA AGRICULTURAL OUTLOOK: REPRESENTATIVE FARMS, 2002-2011

Penson, John B., Jr..

Periodically, events occur in the domestic and global economies that remind agricultural economists that macroeconomics matter. This was evident in the early 1980s when the Federal Reserve responded to double-digit inflation by driving interest rates to post–World War II period highs. The Asian financial crisis in the late 1990s, rising oil prices this past decade, and current stress in domestic and overseas financial markets serve to remind us again that externalities can have an effect on the economic performance and financial strength of U.S. agriculture. These effects are transmitted through interest rates, inflation, unemployment, real gross domestic product, and exchange rates.

Tipo: Journal Article

Palavras-chave: Macroeconomics; Linkages; Net farm income; Exchange rates; Interest rates; Real GDP; Agribusiness; Farm Management; Financial Economics; Political Economy; Public Economics; E31; E44; Q41; Q43.

Ano: 2010

URL: http://purl.umn.edu/92583

Koo, Won W.; Taylor, Richard D.; Swenson, Andrew L..

Net farm income for most representative farms in 2011 will be lower than in 2002. Low profit farms, which consist of 25% of the farms in the study, may not have financial resiliency to survive. The new farm bill will provide higher net farm income than a continuation of the FAIR Act. Cropland prices and cash rental rates are projected to increase slightly in all regions. Debt-to-asset ratios for most farms will increase slightly throughout the forecast period. Debt-to-asset ratios for the low-profit and small-size farms are higher than those for large and high-profit farms.

2007 North Dakota Agricultural Outlook: Representative Farms, 2007-2016

Palavras-chave: Net farm income; Debt-to-asset ratios; Cropland prices; Land rental rates; Farm operating expenses; Capitalization rate; Farm Management.

Ano: 2002

URL: http://purl.umn.edu/23506

Taylor, Richard D.; Koo, Won W.; Swenson, Andrew L..

Net farm income for nearly all representative farms in 2016 is projected to be higher than in 2006. Low-profit farms, which comprise 20% of the farms in the study, may not have financial resiliency to survive without off-farm income. Commodity prices and yields are projected to increase slightly faster than costs, which will increase net farm income. Cropland prices and cash rental rates are projected to increase slightly in all regions. Debt-to-asset ratios for all farms will decrease slightly throughout the forecast period. Debt-to-asset ratios for the low-profit farms are expected to remain near the 0.50 level.

Tipo: Report

Palavras-chave: Net farm income; Debt-to-asset ratios; Cropland prices; Land rental rates; Farm operating expenses; Capitalization rate; Risk; Agribusiness; Farm Management; Land Economics/Use.

Ano: 2007

URL: http://purl.umn.edu/7641

Changes in Agricultural Input Costs and Their Impact on Net Farm Income

2008 North Dakota Agricultural Outlook: Representative Farms, 2008-2017

Tipo: Report

Palavras-chave: Net farm income; Production costs; Gross income; Agribusiness; Agricultural Finance.

Ano: 2008

URL: http://purl.umn.edu/46888

Taylor, Richard D.; Koo, Won W.; Swenson, Andrew L..

Net farm income for nearly all representative farms in 2017 is projected to be lower than in 2007. Low profit farms, which comprise 20% of the farms in the study, may not have financial resiliency to survive without off-farm income. Commodity prices are expected to fall from current levels, however, the final level is unknown. Two price level scenarios were analyzed. Commodity yields are projected to increase at historical trend-line rates and production expenses are expected to return to normal growth rates after 2009. Debt-to-asset ratios for all farms will decrease slightly throughout the forecast period. Debt-to-asset ratios for the low profit farms are expected to remain near the 0.50 level.

Tipo: Report

Palavras-chave: Net farm income; Debt-to-asset ratios; Cropland prices; Land rental rates; Farm operating expenses; Capitalization rate; Risk.; Agribusiness.

Ano: 2008

URL: http://purl.umn.edu/42500

ANALYSIS OF THE 2002 FARM BILL AND NEW FARM BILL ALTERNATIVES

This report evaluates the 2002 farm bill and the effects of the individual programs within the bill on North Dakota net farm income. A stochastic simulation model was developed, using @Risk by Palisade. @Risk replaces the mean values for price and yield with a distribution of values for the eight major commodities grown in North Dakota. The counter-cyclical (target price) program, marketing loan program, and federal crop insurance benefits were separated and analyzed to determine which components were the most important to North Dakota producers. The U.S. Trade Representative offered to decrease the country's trade distorting subsidies by 60% if the European Union would lower its export subsidies 75%. The study estimates the impact of that plan....

2005 NORTH DAKOTA AGRICULTURAL OUTLOOK: REPRESENTATIVE FARMS, 2005-2014

Palavras-chave: Net farm income; Risk; Farm bill; North Dakota; Forecast; Domestic subsidies; Agricultural and Food Policy.

Ano: 2006

URL: http://purl.umn.edu/23524

Swenson, Andrew L.; Koo, Won W.; Taylor, Richard D..

Net farm income for all representative farms in 2014 is projected to be lower than in 2004. Low-profit farms, which comprise 25% of the farms in the study, may not have financial resiliency to survive without off-farm income. Costs are projected to increase faster than yields, which will pressure net farm income downward. Cropland prices and cash rental rates are projected to increase slightly in all regions. Debt-to-asset ratios for most farms will decrease slightly throughout the forecast period. Debt-to-asset ratios for the low-profit and small-size farms are higher than those for large and high-profit farms.

Impact on the SURE Program on North Dakota Farms

Palavras-chave: Net farm income; Debt-to-asset ratios; Cropland prices; Land rental rates; Farm operating expenses; Capitalization rate; Farm Management.

Ano: 2005

URL: http://purl.umn.edu/23527