The sensitivity of net cash farm income to changes in selected production variables, output prices, and input costs varies significantly across representative U.S. dairies. Different regions of the country were impacted differently by changes to production and prices.

The differences in prices paid and prices received by farmers are examined using cointegration analysis. A Johansen cointegration test between prices paid and prices received revealed that the series were cointegrated. After accounting for technological change, we do not reject a long-run...

The sensitivity of net cash farm income to changes in selected production variables, output prices, and input costs varies significantly across representative U.S. beef cattle operations. Larger changes in profitability result from changes in productivity and output prices than from changes in...

Historically, U.S. dairymen have been thought to move to a new location to seek better economic opportunities or to leave an area that has become disadvantaged due to regulation or economics. Recently, there again have been major shifts in dairy production across the United States.

Higher commodity price expectations have led to increases in cash lease rates nationwide. This study evaluates the farm level impacts of higher cash lease rates. Current levels of cash rents along with land tenure arrangements of specific farms are instrumental in determining the impacts of...

The deer breeding industry is a growing industry in the Texas economy, particularly the rural economy. Industry participants were surveyed to provide estimates of economic activity, which was then input into the IMPLAN model. The industry generates an estimated $652 million in economic activity,...

One of the most fundamental and traditional risk management tools available to agricultural producers is a savings account. Cash reserves in savings provide a safety net for producers, allowing financial obligations and living expenses to be met when unexpected shortfalls in income occur. Crop...

This study will examine the competitive advantages that exist under current conditions. Representative dairies are used to simulate the financial impacts of the different feeding practices and compared to those a few years ago. The results indicate that the dairies the raise a majority of their...

With the 2009 milk prices still fresh on everyone’s mind, there has been increased interest in ways to limit milk price volatility. Using SERF, this paper determined some dairies are willing to pay for limited milk price volatility and found a value they are willing to pay using risk premiums.

This study evaluates the farm level economic impacts of implementing a whole farm revenue insurance program in lieu of current government program payments on agricultural producers in major production areas of the United States. Realizing a multitude of viable options exist, this study...