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2002 MICHIGAN FEEDER STEER BUSINESS ANALYSIS SUMMARY AgEcon
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
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2003 Business Analysis Summary Feeder Steers AgEcon
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
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2004 Business Analysis Summary Feeder Steers AgEcon
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
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2005 Michigan Feeder Steers Business Analysis Summary AgEcon
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
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A TWO-SHOCK MODEL OF THE IMPACT OF CROP INSURANCE ON INPUT USE: ANALYTIC AND SIMULATION RESULTS AgEcon
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
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ADJUSTED GROSS REVENUE PILOT INSURANCE PROGRAM: RATING PROCEDURE (REPORT PREPARED FOR THE RISK MANAGEMENT AGENCY BOARD OF DIRECTORS) AgEcon
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
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ALERT: FARMERS NEED TO SIGN UP FOR ACRE! AgEcon
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
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AN ANALYTICAL FRAMEWORK FOR DISCUSSING FARM BUSINESS INTERRUPTION INSURANCE FOR CLASSICAL SWINE FEVER AgEcon
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
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An Examination of US Consumer Pet and Veterinary Expenditures, 1980-1999 AgEcon
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
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Assessing Bottlenecks in Vertically Organized Beef Systems AgEcon
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
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CAN REVENUE INSURANCE SUBSTITUTE FOR PRICE AND YIELD RISK MANAGEMENT INSTRUMENTS? AgEcon
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
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CONSIDERING MARKET-BASED ALTERNATIVES TO IMPROVE THE MANAGEMENT OF CAFOs AgEcon
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
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COST OF ASPARAGUS PRODUCTION IN WESTERN MICHIGAN AgEcon
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
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COST OF CABBAGE PRODUCTION IN MONROE COUNTY, MICHIGAN AgEcon
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
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COST OF CHIP POTATO PRODUCTION IN CENTRAL MICHIGAN AgEcon
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
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COST OF FRESH MARKET CELERY PRODUCTION IN SOUTHWESTERN MICHIGAN AgEcon
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
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COST OF FRESH MARKET SWEET BELL PEPPER PRODUCTION IN MACOMB COUNTY, MICHIGAN AgEcon
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
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COST OF FRESH MARKET SWEET CORN PRODUCTION IN MONROE COUNTY, MICHIGAN AgEcon
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
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COST OF ONION PRODUCTION IN SOUTHERN MICHIGAN AgEcon
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
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COST OF PROCESSING CARROT PRODUCTION IN WEST CENTRAL MICHIGAN AgEcon
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
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