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| Registros recuperados: 22 | |
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| Paulson, Nicholas D.; Ginder, Roger G.. |
| The biodiesel industry in the United States has realized significant growth over the past decade through large increases in annual production and production capacity and a transition from smaller batch plants to larger-scale continuous producers. The larger, continuous-flow plants provide operating cost advantages over the smaller batch plants through their ability to capture co-products and reuse certain components in the production process. This paper uses a simple capital budgeting model developed by the authors along with production data supplied by industry sources to estimate production costs, return-on-investment levels, and break-even conditions for two common plant sizes (30 and 60 million gallon annual capacities) over a range of biodiesel and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Biodiesel; Biofuels; Feedstock; Production costs; Return on investment; Resource /Energy Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/10006 |
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| Paulson, Nicholas D.; Babcock, Bruce A.. |
| The production literature has shown that inputs such as fertilizer can be defined as risk-increasing. However, farmers also consistently overapply nitrogen. A model of optimal input use under uncertainty is used to address this paradox. Using experimental data, a stochastic production relationship between yield and soil nitrate is estimated. Numerical results show that input uncertainty may cause farmers to overapply nitrogen. Survey data suggest that farmers are risk averse, but prefer small chances of high yields compared to small chances of crop failures when expected yields are equivalent. Furthermore, yield risk and yield variability are not equivalent. |
| Tipo: Journal Article |
Palavras-chave: Corn; Nitrogen fertilizer; Risk-increasing; Yield risk; Crop Production/Industries. |
| Ano: 2010 |
URL: http://purl.umn.edu/97853 |
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| Noland, Kevin; Norvell, Jonathan; Paulson, Nicholas D.; Schnitkey, Gary D.. |
| The recent financial crisis has renewed interest in alternative asset classes such as farmland. Previous work has shown that farmland may provide expected return premiums while adding little additional risk to a diversified portfolio. However, these studies have been based on relatively short time periods and aggregated data on farmland returns. This analysis contributes to this literature using farm-level data from the University of Illinois endowment farms, providing additional evidence that farmland could play a favorable role within an investment portfolio. The implications of these results extend to the use of farmland within general investment portfolios. |
| Tipo: Article |
Palavras-chave: Agricultural Finance. |
| Ano: 2011 |
URL: http://purl.umn.edu/118962 |
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| Paulson, Nicholas D.; Schnitkey, Gary D.. |
| The 2008 Farm Bill provided an option for receiving commodity program payments through existing programs or a new revenue-based alternative – the Average Crop Revenue Election (ACRE) program. ACRE is a state-level revenue program which, if elected, replaces the price-based countercyclical program. Enrollment requires the forfeiture of 20 percent of a producer’s direct payments and reduces loan rates by 30 percent. This article provides estimates of long-term expected ACRE payments for corn, soybean, and wheat acres across a variety of states. Within the cornbelt, expected ACRE payments are similar across regions for each of the crops considered, and will likely exceed the required reduction in direct payments. Outside of the cornbelt, expected ACRE... |
| Tipo: Journal Article |
Palavras-chave: Farm Management; Production Economics. |
| Ano: 2010 |
URL: http://purl.umn.edu/96411 |
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| Registros recuperados: 22 | |
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