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| Registros recuperados: 102 | |
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| Olson, Kent D.; Hachfeld, Gary. |
| The majority of farm families have not named a successor nor developed an up-to-date farm business transition and estate plan. This program effort was designed to enable these farm families gain a better understanding of the process required and thus develop and implement a farm transition and estate plan. In terms of improving understanding, the workshops were highly successful. Most of the participants indicated their understanding of the main educational points of the workshop improved due to attending the workshop. Almost all indicated they better understood the need for clear goals and communication. Over 90% said they better understood the strategies available for use in a transfer plan; the importance of assessing the financial strength of the farm;... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2006 |
URL: http://purl.umn.edu/21291 |
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| Olson, Kent D.; Zakharova, Lena. |
| Rapid increases in input prices have cast a large shadow over the enthusiasm created by higher product prices. In this paper we forecast the trends in input prices and use these trends to forecast production costs for corn, soybeans, and wheat at the national level, and for regions within the U.S. Although the Heartland is forecast to maintain its competitive edge in corn costs, the Northern Great Plains and Prairie Gateway regions are forecast to increase their competitive advantage due to using less fertilizer and chemicals on average which results in relative costs decreasing for these regions. For soybeans, the Heartland is forecast to maintain its competitive edge although the Eastern Uplands region was forecast to increase its competitive advantage... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crop Production/Industries. |
| Ano: 2008 |
URL: http://purl.umn.edu/46017 |
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| Olson, Kent D.; DalSanto, Matthew R.. |
| With the current federal farm bill expired as of the end of September this year, many proposals have been made to redesign the next bill. The objective of this study is to compare the current policy with major proposed alternatives by estimating the potential payments for 17 example farms in Minnesota under each of the alternatives. The alternative proposals analyzed are the two alternatives in the recently passed House proposal (HR 2419), Durbin-Brown revenue-based support proposal (S 1872), USDA’s proposed policy, NCGA’s proposal of commodity based revenue-based support, ASA’s proposal to adjust loan rates and target prices, multi-commodity revenue insurance, and NFU’s cost-based safety net. These policies are compared in two ways. First, an historical... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural and Food Policy; Agricultural Finance. |
| Ano: 2007 |
URL: http://purl.umn.edu/7354 |
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| Olson, Kent D.. |
| Farm income in Southwestern Minnesota is estimated to drop to extremely low and possibly negative levels in 1998 due to the very low prices now in the market place. Expected high yields on some farms will soften but not overcome the blow of the low prices; those farms with crop losses face a worse situation. Based on the average 1997 farm income statement in the Southwestern Minnesota Farm Business Management Association and the price and yield conditions for 1998, average gross cash income in 1998 is estimated to drop 17% from 1997. Before depreciation is subtracted, net cash farm income in 1998 is predicted to be below 10% of 1997 levels: $5,367 compared to $56,469 in 1997. After accounting for depreciation and inventory changes, accrual net farm... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Finance. |
| Ano: 1998 |
URL: http://purl.umn.edu/14252 |
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| Olson, Kent D.; Weness, Erlin J.; Christensen, James L.; Anderson, Robert D.; Fales, Perry A.; Nordquist, Dale W.. |
| For the Southwestern Association, average net farm income was $40,598 in 1997 for the 208 farms included in this report. This is a decrease of 35% from 1996 continuing the pattern of large swings in income. Since costs changed very little, almost all of the decrease can be attributed to a decrease in gross income, specifically to decreases in the sales of corn and finished beef. (Net farm income is calculated by subtracting total cash farm expense and depreciation from gross cash farm income and adjusting for changes in inventory items.) After subtracting an opportunity cost for equity capital, labor and management earnings follow a similar but lower pattern. As in previous years, the actual profit levels experienced by individual farms vary greatly... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 1998 |
URL: http://purl.umn.edu/13476 |
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| Buhr, Brian L.; Lazarus, William F.; Nefstead, Ward E.; Nordquist, Dale W.; Olson, Kent D.; Stevens, Stanley C.; Weness, Erlin J.. |
| These papers describe the current economic conditions and outline some of the opportunities facing Minnesota farmers as they complete 1998 and develop plans for 1999. The first paper, Prospects For Farm Income in 1998, describes the variation in net farm income farmers in the Southeastern and Southwestern Farm Management Associations have experienced over the past twenty years. The possible effects of 1998's low commodity prices and government program payments on net farm income are discussed in the context of this historical variation. This paper points out that some farmers are experiencing a very good year in 1998, while others may have very low net farm income this year. Those with high incomes in 1998 may be primarily interested in opportunities to... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 1998 |
URL: http://purl.umn.edu/14033 |
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| Olson, Kent D.; DalSanto, Matthew R.. |
| The objective of this study is to compare commodity payments under current Federal farm policy with the previous Senate and Administration proposals and the recently released “2008 Farm Bill Conference: House Agriculture Committee-Developed Concept for a Farm Bill Spending Framework.” Projections of crop revenue and government payments are made using historical yield data for each example farm, the county, and the nation; historical price data; and statistical distributions and relationships of these yields and prices. Using 2007 FAPRI price projections (which are closer to the prices expected in the next few years when a new farm bill will be in force), expected Total Government Payments (TGP) are almost entirely attributed to the fixed direct payments... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 2008 |
URL: http://purl.umn.edu/6211 |
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| Olson, Kent D.; Elisabeth, Pascal. |
| The full impact of an investment in a management information system (MIS), such as precision agriculture (PA), comes from improved managerial decision making throughout the whole farm and not just from improvements in a specific part of the farm. This study was conducted to determine whether the adoption of PA had a positive impact on whole-farm profitability. To overcome problems of simultaneity and self-selection in the adoption decision of PA, this study used a two stage econometric model using data from farms in Southwest Minnesota. The PA adoption decision was evaluated in the first stage, and the impact of adopting PA was evaluated in the second stage. The whole farm rate of return to assets (ROA) was used to measure the impact of PA. For all 212... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Precision agriculture; Economics; Adoption; Profitability; Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/22119 |
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| Nordquist, Dale W.; Anderson, Robert D.; Cristensen, James L.; Kurtz, James N.; Paulson, Garen J.; Olson, Kent D.. |
| Average net farm income rebounded to $70,007 in 2002 for the 188 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a sharp increase (91%) from the average net farm income of $36,614 in 2001. As in previous years, the actual profit levels experienced by individual farms vary greatly from the overall average profit. When the net farm incomes for the 188 farms in the report are ranked from lowest to highest, the resulting graph shows how much the incomes do vary. Nine percent of the farms experienced negative net farm income in 2002; 26% had incomes over $100,000. The median or middle income was $61,465. The high 20% of the farms had an average net farm income of $181,981 which is a 40%... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 2003 |
URL: http://purl.umn.edu/13883 |
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| Registros recuperados: 102 | |
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