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.

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 results of analyzing 74 representative crop, livestock, and dairy farms located in key production regions over the 1997-2002 time frame are presented in this paper. Fifty of the 74 farms monitored appear to be financially sound. Ten of the 74 are showing signs of financial stress due to low...

The economic outlook for 72 representative feed grain, wheat, cotton, rice, beef cattle, hog and dairy farms in key production areas across the United States is projected for 1997-2002, using the November 1997 FAPRI/AFPC Baseline. The Baseline provides a seven year projection of crop and...

This paper examines the impact of sex-sorted semen adoption on dairy farm level economics. Representative dairies are used to simulate the financial impacts of moving to this new technology. Key economic, financial and herd dynamics will be compared among dairies to show how the uses of...

The wool and mohair industries have been in a period of radical transition over the last few years. A number of issues have adversely impacted wool and mohair producers. These include loss of milling infrastructure, world economic events that have severely damaged export markets, increasing...

This study evaluates how the availability of animal tracing affects the cost of a hypothetical Foot and Mouth Disease (FMD) outbreak in the Texas High Plains using alternative tracing scenarios. To accomplish this objective, the AusSpread epidemic disease spread model (Ward et al., 2006) is used...

For more than thirty years, studies about the effect of the exchange rate on exports have been conducted. However, few have considered the combined effect of the exchange rate on imported inputs into the agricultural system and the exports of final agricultural products those inputs produce. A...

The United States Department of Agriculture (USDA) beef grading system plays an important role in marketing and promoting of beef. USDA graders inspect beef carcasses and determine quality grade within a few seconds. Although the graders are well-trained, the nature of this grading process may...