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Registros recuperados: 42
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Agricultural Profits and Farm Household Wealth: A Farm-level Analysis Using Repeated Cross Sections AgEcon
Blank, Steven C.; Erickson, Kenneth W.; Nehring, Richard F.; Hallahan, Charles B..
This study examines the relationship between agricultural profits and farm household wealth across locations and farm sizes in U.S. agriculture. A multiperiod household model is used to develop hypotheses for testing. Results indicate that farmland has out-performed nonfarm investments over the past decade. Thus, households may want to keep their farmland to build wealth, even if it requires them to earn off-farm income. The analysis implies that decision will be made based on farm household wealth factors having little to do with agriculture.
Tipo: Journal Article Palavras-chave: Farm household; Off-farm income; Production profits; Wealth; Agribusiness; Demand and Price Analysis; Farm Management; Risk and Uncertainty; Q12; Q14.
Ano: 2009 URL: http://purl.umn.edu/48749
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An Error-Components Three-Stage Least-Squares Model of Investment Allocation by Farm Households AgEcon
Davies, Stephen P.; Erickson, Kenneth W.; Vickner, Steven S.; Hoag, Dana L.; Nehring, Richard F..
This paper is an assessment of patterns of investment by farm households via an econometric model adapted from a land allocation approach of Holt (1999). This analysis will shed light on the importance of different classes of assets to farm household well-being, and show the reaction of farm households to a variety of market, international and government effects.
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2005 URL: http://purl.umn.edu/19249
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Economic Efficiency of U.S. Organic Versus Conventional Dairy Farms: Evidence from 2005 and 2010 AgEcon
Nehring, Richard F.; Gillespie, Jeffrey M.; Hallahan, Charles B.; Sauer, Johannes.
We estimate an input distance function for U.S. dairy farming to examine the competitiveness of organic and non-organic dairy production by system and size. Across organic/non-organic systems and size classes, size is the major determinant of competitiveness based on various measures of productivity and returns to scale.
Tipo: Presentation Palavras-chave: Organic; Non-organic; Input Distance Function; Livestock Production/Industries; Production Economics.
Ano: 2012 URL: http://purl.umn.edu/119769
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A COMPARISON OF NUTRIENT APPLICATION TRENDS ON LIVESTOCK FARMS IN CORN AND COTTON GROWING REGIONS AgEcon
Nehring, Richard F.; Christensen, Lee A.; O'Donoghue, Erik J.; Sandretto, Carmen L..
Recent trends in livestock concentration suggest that there may be an increasing risk of water pollution from manure applications. These trends in livestock operations may be offsetting improvements in commercial fertilizer management that have the potential to reduce the risk of water pollution. This conclusion was derived by tracking excess nutrient trends between 1996 and 2002 and by examining measures of economic performance for livestock farms. First, a link was established between the expansion of AFOs (Animal Feeding Operations) and excess nutrients from commercial fertilizer and manure sources. Second, technical efficiency was measured in order to identify whether technical efficiency explains structural change and in order to see whether...
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/34764
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Assessing Economic and Environmental Impacts of Ethanol Production on Fertilizer Use in Corn Production AgEcon
Nehring, Richard F.; Vialou, Alexandre; Erickson, Kenneth W.; Sandretto, Carmen L..
The share of corn used in ethanol production has been growing rapidly. USDA predicts that more than 30 percent of the corn crop will be used for ethanol production in 2009/2010. Expanded corn acreage contributes to the application of more fertilizer and is likely to introduce a larger volume of nutrients into the environment. This study found that an increase in ethanol production is consistent with a significant increase in quality-adjusted fertilizer use in selected corn states.
Tipo: Conference Paper or Presentation Palavras-chave: Quality-adjusted fertilizer; Corn production; Ethanol; Excess nutrients; Crop Production/Industries; Environmental Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/6736
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At What Rate Do Farmers Substitute Manure For Commercial Fertilizers? AgEcon
O'Donoghue, Erik J.; MacDonald, James M.; Nehring, Richard F..
Water quality has implications for the health of our ecosystem and the welfare of our population. Agriculture is one of the major contributors of non-point source pollution that contaminates our nation's water supplies. Understanding how farmers substitute manure for commercial fertilizers allows us to better understand the level of nitrogen that enters the soil and can seep into our waterways. In this paper, we explore the factors that help determine farmers' substitution rates between the two types of fertilizers. Location, crop type, and time all could play important roles. We analyze USDA farm level survey data for both crop and livestock farms covering the years 1996 to 2002 to create substitution rate estimates used on corn, soybean, and wheat...
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2005 URL: http://purl.umn.edu/19252
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The Impacts of Off-Farm Income on Farm Efficiency, Scale, and Profitability for Corn Farms AgEcon
Nehring, Richard F.; Fernandez-Cornejo, Jorge.
This paper estimates returns to scale and technical efficiency of corn farms following an input distance function approach and compares the relative performance of farm operator households with and without off-farm wages and salaries. We use 1995-2003 USDA data. The input distance function results suggest that off-farm outputs and inputs can be modeled in a multi-activity framework, which materially alter performance measures in the Corn Belt. We find that off-farm income boosts scale and technical efficiency of smaller operations. We also find that the number of hours worked off-farm by the spouse contributes to a higher technical efficiency.
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2005 URL: http://purl.umn.edu/19566
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Off-farm Income and Risky Investments: What Happens to Farm and Nonfarm Assets? AgEcon
Andersson, Hans; Ramaswami, Bharat; Moss, Charles B.; Erickson, Kenneth W.; Hallahan, Charles B.; Nehring, Richard F..
Off-farm work improves and reduces the riskiness of household income. Theoretical analyses reveal that the level and riskiness of off-farm income affect demand for farm/nonfarm investments. A two-limit Tobit model is estimated using ARMS data for 1996-2003. The impact on investment behaviour is evaluated.
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2005 URL: http://purl.umn.edu/19480
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Capital as a Factor of Production in OECD Agriculture: Measurement and Data AgEcon
Ball, V. Eldon; Lindamood, W.A.; Nehring, Richard F.; Mesonada, Carlos San Juan.
This paper provides a farm sector comparison of levels of capital input for fourteen OECD countries for the period 1973-2002. The starting point for construction of a measure of capital input is the measurement of capital stock. Estimates of depreciable capital are derived by representing capital stock at each point of time as a weighted sum of past investments. The weights correspond to the relative efficiencies of capital goods of different ages, so that the weighted components of capital stock have the same efficiency. Estimates of the stock of land are derived from balance sheet data. We convert estimates of capital stock into estimates of capital service flows by means of capital rental prices. Comparisons of levels of capital input among countries...
Tipo: Conference Paper or Presentation Palavras-chave: Financial Economics.
Ano: 2006 URL: http://purl.umn.edu/21315
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Have Hog Producers with Production Contracts Maintained an Economic Advantage over Independent Hog Producers in Recent Years? AgEcon
Nehring, Richard F.; Banker, David E.; O'Donoghue, Erik J..
Preliminary estimates of technical efficiency based on USDA data for 1997 through 2001 indicate that independent operations were significantly more efficient than contract operations. Preliminary estimates also indicate that both types of operations exhibited increasing returns to scale with contract operations appearing to exhibit significantly higher returns to scale than independent operations, but that larger contract and independent operations exhibit roughly comparable returns to scale. Our estimates of excess nutrients that derive from both commercial fertilizer and manure, comparing the performance of production contract operations and independent operations indicate that, in general, levels of excess nutrients per acre of land are...
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2003 URL: http://purl.umn.edu/22057
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OFF-FARM INCOME, TECHNOLOGY ADOPTION, AND FARM ECONOMIC PERFORMANCE AgEcon
Fernandez-Cornejo, Jorge; Mishra, Ashok K.; Nehring, Richard F.; Hendricks, Chad; Southern, Malaya; Gregory, Alexandra.
The economic well-being of most U.S. farm households depends on income from both onfarm and off-farm activities. Consequently, for many farm households, economic decisions (including technology adoption and other production decisions) are likely to be shaped by the allocation of managerial time among such activities. While time allocation decisions are usually not measured directly, we observe the outcomes of such decisions, such as onfarm and off-farm income. This report finds that a farm operator’s off-farm employment and off-farm income vary inversely with the size of the farm. Operators of smaller farm operations improve their economic performance by compensating for the scale disadvantages of their farm business with more off-farm involvement....
Tipo: Report Palavras-chave: Off-farm income; Farm households; Economic performance; Managerial time; Scale economies; Scope economies; Technical efficiency; Technology adoption; Farm size; Agricultural Finance; Farm Management.
Ano: 2007 URL: http://purl.umn.edu/7234
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Dairy Resource Management: A Comparison of Conventional and Pasture-Based Systems AgEcon
Nehring, Richard F.; Gillespie, Jeffrey M.; O'Donoghue, Erik J.; Sandretto, Carmen L..
Facing rapid and significant change in the sector, U.S. dairy production trends from 1993-2005 were tracked and performance measures (scale and technical efficiency and returns on assets) were estimated for conventional and pasture-based dairy farms using data from USDA's Agricultural Resource Management Survey. Comparisons of relative economic performance of dairy farms by size and type are made.
Tipo: Conference Paper or Presentation Palavras-chave: Dairy operations; Pasture-based systems; Technical efficiency; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/34814
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Adoption of Technology, Management Practices, and Production Systems by U.S. Beef Cow-Calf Producers AgEcon
Pruitt, J. Ross; Gillespie, Jeffrey M.; Nehring, Richard F.; Qushim, Berdikul.
Using USDA’s Agricultural Resource Management Survey data, factors leading to the adoption of technology, management practices, and production systems by U.S. beef cow-calf producers are analyzed. Binary logit regression models are used to determine impacts of vertical integration; region of the U.S.; farm size, diversification, and tenure; and demographics on adoption decisions. Significant differences were found in adoption rates by region of the U.S., degree of vertical integration, and size of operation, suggesting the presence of economies of size and vertical economies of scope. Results also indicate high degrees of complementarity among technologies, management practices, and production systems.
Tipo: Article Palavras-chave: Cattle; Cow-calf; Management practices; Production systems; Technology adoption; Farm Management; D21; Q12; Q16.
Ano: 2012 URL: http://purl.umn.edu/123778
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Land Quality in an International Comparison: It's Importance in Measuring Productivity AgEcon
Nehring, Richard F.; Ball, V. Eldon; Breneman, Vincent E..
The purpose of this paper has been to present quality-adjusted values for land in the United States and nine European countries using price and quantity data for 1990. Disregarding such differences in the quality-adjusted land input would generate biased estimates of the land input and thus of total factor productivity. Land quality adjustments could potentially be enhanced further with additional data on soil characteristics, climate, and other productivity-related characteristics.
Tipo: Conference Paper or Presentation Palavras-chave: Total factor productivity; Hedonic techniques; Soil stress; Quality-adjusted land; Productivity Analysis.
Ano: 2002 URL: http://purl.umn.edu/24910
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EFFECTIVE COSTS AND CHEMICAL USE IN U.S. AGRICULTURAL PRODUCTION: BENEFITS AND COSTS OF USING THE ENVIRONMENT AS A "FREE" INPUT AgEcon
Morrison Paul, Catherine J.; Ball, V. Eldon; Felthoven, Ronald G.; Nehring, Richard F..
This study uses a cost-function-based model of production processes in U.S. agriculture to represent producers' input and output decisions, and the implied costs of reductions in risk associated with leaching and runoff from agricultural chemical use. The model facilitates evaluation of the statistical significance of measured shadow values for "bad" outputs, and their input- and output-specific components, with a focus on the impacts on pesticide demand and its quality and quantity aspects. The shadow values of risk reduction are statistically significant, and imply increased demand for effective pesticides over time that stem largely from improvements in quality due to embodied technology, and that vary substantively by region.
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy; Farm Management.
Ano: 2000 URL: http://purl.umn.edu/11986
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The Economics of Organic Versus Conventional Cow-calf Production AgEcon
Gillespie, Jeffrey M.; Nehring, Richard F..
Costs, returns, and profitability of cow-calf farms that are organic or transitioning to organic are compared with those of cow-calf farms that are non-organic. A method of matching samples is used for the comparison. Results suggest higher cost of organic production due to higher unpaid labor, taxes and insurance, and overhead costs.
Tipo: Presentation Palavras-chave: Matching Samples; Profit; Costs; Farm Management; Production Economics.
Ano: 2012 URL: http://purl.umn.edu/119773
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Off-Farm Work and Economic Performance: Comparing Crop and Livestock Farms AgEcon
Fernandez-Cornejo, Jorge; Nehring, Richard F.; Erickson, Kenneth W..
This paper examines how off-farm work affects the economic performance of crop and (selected) livestock farms. It estimates returns to scale and technical efficiency following an input distance function approach and compares the relative performance of dairy and corn farm operator households with and without off-farm work. We use farm-level data from the USDA's ARMS survey for 1996-2005. The impact of off-farm work on scale and technical efficiency is examined from two viewpoints: first, the effect of off-farm work on the scale and technical efficiency of the farm business in the production of traditional commodities (farm-level perspective); second, the impact of off-farm work on scale and technical efficiency at the household level, considering both...
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management; Productivity Analysis.
Ano: 2007 URL: http://purl.umn.edu/9904
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Impact of GE Crop Adoption on Quality-Adjusted Herbicide Use in U.S. Corn Production AgEcon
Nehring, Richard F.; Martin, Andrew; Fernandez-Cornejo, Jorge; Hallahan, Charles B.; Vialou, Alexandre; Wechsler, Seth James; Grube, Arthur.
This paper presents findings on the use of HT corn and quality-adjusted herbicide use for 12 key corn producing states using a panel data set for 1986-2008. Our preliminary findings indicate an insignificant impact of HT corn on herbicide use, conditioning or accounting for HT corn with other important drivers of corn herbicide use: HT soy, corn output price, glyphoste price, nonherbicide glyponsate price, and percentage of continuous corn and low-till corn. However, we find a positive and significant impact of HT corn on herbicide use in selected states, using regional interaction terms. We use econometric techniques to avoid spurious regression results. Other preliminary runs indicated that the results hold when running the US and regional interactions...
Tipo: Conference Paper or Presentation Palavras-chave: HT-corn; Herbicides; Weed resistance; Glyphosate; Corn; Environmental Economics and Policy; Farm Management; Production Economics.
Ano: 2011 URL: http://purl.umn.edu/103369
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Accounting for Bads in the Measurement of Productivity Growth: A Cost Indirect Malmquist Productivity Measure and it Application to U.S. Agriculture AgEcon
Ball, V. Eldon; Fare, Rolf; Grosskopf, Shawna; Zaim, O.; Nehring, Richard F..
This paper starts with the basic premise that the conventional measures of productivity growth, which ignore joint production of good and bad outputs, are biased. We then construct an alternative productivity growth measure using activity analysis. An application to U.S. agriculture demonstrates its usefulness. More specifically, we show that the Tornqvist index of productivity is biased upward when production of undesirable outputs or "bads" is increasing. Conversely, this same measure of productivity is biased downward when externalities in production are decreasing.
Tipo: Conference Paper or Presentation Palavras-chave: Productivity Analysis.
Ano: 2001 URL: http://purl.umn.edu/20442
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Productivity Growth, Technological Progress, and Technical Efficiency in the Heartland and Southern Cotton States:1996-1999. AgEcon
Morrison Paul, Catherine J.; Nehring, Richard F.; Banker, David E.; Breneman, Vincent E..
Given recent concerns expressed about the structural transformation of agriculture and the health of the family farm this study provides a measure of the economic health of small and large farms at the state level. We use nonparametric frontier methods to measure and explain changes in the efficiency, productivity, and technological change of U.S. farms, employing USDA’s annual 1996 to 1999 surveys of farms. Our results for the corn and cotton states analyzed identify particularly weak economic performance of small farms in Iowa, Louisiana, Oklahoma, and Wisconsin and of large farms in Missouri, Oklahoma, and South Carolina. Our results also indicate strong performance of small farms in several states. Thus, these results give policy makers a more detailed...
Tipo: Conference Paper or Presentation Palavras-chave: Productivity Analysis; Research and Development/Tech Change/Emerging Technologies.
Ano: 2001 URL: http://purl.umn.edu/20679
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