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| Registros recuperados: 13 | |
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| Engel, Phoebe D.; Hyde, Jeffrey. |
| Automatic, or robotic, milking systems have the potential to significantly change the way milk is produced on U.S. dairy farms. However, there is a high degree of uncertainty associated with adoption of this new technology. A real options approach is used to analyze the decision to replace an operational milking system with an automatic milking system. The most important source of uncertainty is shown to be the length of the technology's useful life. Under our assumptions, the automatic system is always an optimal investment if it is certain that it will last longer than the operational system being replaced. |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries. |
| Ano: 2003 |
URL: http://purl.umn.edu/31618 |
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| Gloy, Brent A.; Hyde, Jeffrey; LaDue, Eddy L.. |
| The financial performance and relationships between several management factors and farm financial performance are examined in a panel data set of 107 New York dairy farms. The overall level of compound and annual return on assets of the farms considered in this study was quite low. However, the evidence clearly suggests that the most profitable and least profitable farms are consistently so. Correlations of the yearly rankings of farm profitability were always positive and significantly different from zero. Two regression models were estimated in an effort to identify management factors that influence profitability. In general, the models explain a relatively high degree of the variation in both compound return on assets and annual return on assets.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance; Livestock Production/Industries. |
| Ano: 2001 |
URL: http://purl.umn.edu/20515 |
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| Eales, James S.; Hyde, Jeffrey; Schrader, Lee F.. |
| Two approaches have been taken to the modeling of poultry demand in U.S. meat demand studies. One has been to ignore turkey, and estimate demands for beef, pork, and chicken. The second has been to include turkey by combining it with chicken, and estimating demands for beef, pork, and poultry. The validity of these two approaches is examined using quarterly U.S. time-series data from 1980-96. The results indicate that either approach to the modeling of poultry demand is appropriate. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1998 |
URL: http://purl.umn.edu/31190 |
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| Leuer, Elizabeth R.; Hyde, Jeffrey; Richard, Tom L.. |
| A stochastic capital budget was used to analyze the effect of net metering policies and carbon credits on profitability of anaerobic digesters on dairy farms in Pennsylvania. We analyzed three different farm sizes—500, 1,000, and 2,000 cows—and considered the addition of a solids separator to the project. Results indicate that net metering policies and carbon credits increase the expected net present value (NPV) of digesters. Moreover, the addition of a solids separator further increases the mean NPV of the venture. In general, the technology is profitable only for very large farms (1,000+ cows) that use the separated solids as bedding material. |
| Tipo: Journal Article |
Palavras-chave: Anaerobic digester; Stochastic capital budget model; Dairy farm; Alternative energy; Environmental Economics and Policy; Livestock Production/Industries. |
| Ano: 2008 |
URL: http://purl.umn.edu/45662 |
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| Alston, Julian M.; Hyde, Jeffrey; Marra, Michele C.; Mitchell, Paul D.. |
| This study examined the potential economic impacts in the United States of the commercial adoption of a corn rootworm (CRW) resistant transgenic corn. Using a counterfactual approach, we estimated that if the technology had been made available in the year 2000 at a price that would equate per acre costs to those for insecticide-based corn rootworm control, and adopted on all of the acres treated for corn rootworm in that year, the total benefits would have been $460 million. This benefit includes $171 million to the technology developer and seed companies, $231 million to farmers from yield gains, and a further $58 million to farmers from reduced risk, time savings, and other nonpecuniary benefits associated with reduced use of insecticides. This is a... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries. |
| Ano: 2003 |
URL: http://purl.umn.edu/57828 |
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| Hyde, Jeffrey; Lovejoy, Stephen B.. |
| This paper provides information about the nonagricultural academic job market to students and administrators in Agricultural Economics departments. Particularly, we report the results of a survey sent to 295 non-Land Grant economics departments which met our criteria of offering only a Bachelor's degree in Economics. Of the 101 returned surveys, 45% indicated that they would consider hiring an Agricultural Economist to fill a faculty position within their department. These schools indicated that they place greater value on teaching-related experiences than research publications in prospective faculty members. We propose the implementation of mentoring programs within Agricultural Economics departments. Such programs would allow students to learn... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Academic job market; Agricultural economist; Economics; Teaching; Teaching/Communication/Extension/Profession. |
| Ano: 1997 |
URL: http://purl.umn.edu/28656 |
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| Hyde, Jeffrey; Martin, Marshall A.; Preckel, Paul V.; Buschman, Lawrent L.; Edwards, C. Richard; Sloderbeck, Phillip E.; Higgins, Randall A.. |
| While most Corn Belt farmers consider planting Bt corn to control European corn borer, southwestern Kansas farmers must also take into account an array of other insect pests, including corn rootworm, spider mites, and southwestern corn borer. This research uses a decision analysis framework to estimate the expected economic value of Bt corn in southwest Kansas. Mean per acre Bt values ranged from $12.49 to $34.60, well above the technology fee assumed to be $14 per unit, or $5.25 per acre at a seeding rate of 30,000 seeds per acre. The minimum value over all scenarios was $8.69 per acre. Using Monte Carlo simulation, it was shown that European and southwestern corn borer infestation probabilities, expected corn price, and expected pest-free yields are... |
| Tipo: Journal Article |
Palavras-chave: Bt corn; Decision analysis; European corn borer; Integrated pest management; Monte Carlo simulation; Southwestern corn borer; Crop Production/Industries. |
| Ano: 2003 |
URL: http://purl.umn.edu/30721 |
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| Gloy, Brent A.; Hyde, Jeffrey; LaDue, Eddy L.. |
| The financial performance and relationships between several management factors and financial performance are examined in a panel of 107 New York dairy farms. A panel regression model with fixed effects is estimated in an effort to identify management factors that influence profitability. The model is estimated with two-stage least squares to account for endogenous farm size and debt use variables. Production management factors such as farm size, rate of milk production, and milking system had a positive impact on farm profitability. Financial management variables for the type of accounting system used and the debt use were also significantly related to profitability. Unlike the findings of many other studies, measures of human capital did not have a... |
| Tipo: Journal Article |
Palavras-chave: Farm Management. |
| Ano: 2002 |
URL: http://purl.umn.edu/31394 |
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| Registros recuperados: 13 | |
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