Agricultural Economics: Recent Episodes
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Grocery Cooperative Business Planner video 7/7" Operations - Financial Tab. More at https://ncdc.unl.edu.
Grocery Cooperative Business Planner video 6/7: Operations - Department Tabs. More at https://ncdc.unl.edu.
Grocery Cooperative Business Planner video 5/7: Operations - Labor. More at https://ncdc/unl.edu
Grocery Cooperative Business Planner Video 4/7: Operations Overhead https://ncdc.unl.edu.
Grocery Cooperative Business Planner Video 3/7: Startup Funding Introduction. https://ncdc.unl.edu.
Grocery Cooperative Business Planner Video 2/7: Startup Expense Introduction. https://ncdc.unl.edu.
Dr. Cory Walters demonstrates the Marketing In a New Era program for teachers.
Contact: cwalters7@unl.edu.
The Center for Ag Profitability build's on strengths present in the university’s Department of Agricultural Economics through collaboration with other research and education units within IANR and the University of Nebraska system. It aims to serve agricultural producers, agribusiness professionals and the economy in Nebraska and beyond.
The center focuses concerted effort among social science, biological and engineering disciplines to provide the research and educational programs required to keep Nebraska’s farmers and ranchers financially healthy.
Access CAP's decision tools, webinars, articles, podcasts and more at https://cap.unl.edu.
With: Allan Vyhnalek, Extension Educator for Farm and Ranch Transition and Succession, UNL Agricultural Economics.
Most of what we experience as we work on farm transition and farmland leasing issues relates to negotiation. Negotiation is mostly effective clear communication. This webinar will review how we have typically been taught to negotiate, look at alternative negotiating ideas, and weave in good communications. The hour will be a good reminder to effective relationships with those you work with and include some new strategies to consider.
Special Presentation of Graduate Thesis Defense by Kara Zimmerman, Agricultural Economics Master’s Student
At the beginning of each crop year producers face unknown harvest price and yield and the path prices took between the spring and fall to end up at the harvest price. The goal of this webinar is to explore the role of different intra-season hedging strategies and different crop insurance policies to identify optimal hedging and crop insurance strategies. To evaluate our goal we inspect the tradeoff between minimizing net income risk (i.e., farm failure) and maximizing average net income realized from producing corn. With yield risk and the price-yield correlation changing across space we evaluate the role of pre-harvest hedging strategies and crop insurance on net income risk in two different locations, Colfax and Scottsbluff counties. Further, the farming practice, irrigated or non-irrigated, also impacts the amount of yield risk as well as the price-yield correlation. In both locations we evaluate the role of both irrigated and non-irrigated production practices in determining the optimal intra-season hedging strategy and crop insurance combination. Results shed light on the role of grain marketing strategies at different locations and practice (irrigated or not) on financial outcomes. Stakeholders can gain insights not only into the financial outcomes of different grain marketing strategies (and crop insurance) but also how to approach the grain marketing decision.
Zimmerman’s thesis committee comprises Agricultural Economics faculty members Dr. Cory Walters, Dr. Kate Brooks, Dr. Brad Lubben and Extension Educator Jessica Groskopf
With: Elliott Dennis, Assistant Professor of Livestock Economics; Eric Thompson, Karl H. Nelson Associate Professor of Economics and Director, Bureau of Business Research; and Ellie Foral, undergraduate research student — all with the University of Nebraska-Lincoln.
Nebraska has significantly expanded its annual corn and soybean production over the last decade, creating an opportunity to expand value-added agricultural production across the state. In particular, opportunities are potentially available to expand livestock production and processing, which will have a subsequent economic impact on rural economies. One opportunity is to significantly expand the dairy cattle industry in the state, by bringing in a cluster of dairies in conjunction with a type of dairy processor, such as fluid milk cheese, butter, or yogurt plant.
The associated leap in production would be difficult to achieve but has the potential to significantly expand employment opportunities in Nebraska’s small metropolitan and micropolitan areas, as well as rural regions. We will review findings from a recent report that considered the potential economic impact from developing a new cluster of dairies in conjunction with differing sizes of either fluid milk, butter, cheese, or yogurt plant located in either the Grand Island metropolitan area, Norfolk micropolitan area, and the Nebraska portion of the Sioux City metropolitan area.
With: Matt Stockton, Agricultural Economics Specialist; Chuck Burr, Water and Cropping Systems Educator; Julie Peterson, Entomology Specialist; and Sarah Sivits, Cropping Systems Educator (Nebraska Extension)
One of the key factors in increasing profits and maintaining productivity is to make great in season input cost choices. Cost minimization without concern for productivity, and productivity without cost control, can lead to either too little production or higher costs resulting in less-than-optimal profits. Making decisions at the margin is one way to make profit-based choices.
With Erin Borror, Economist, U.S. Meat Export Federation, and Elliott Dennis, Assistant Professor of Livestock Marketing, University of Nebraska-Lincoln.
Exports account for a significant share of U.S. pork and beef production, especially for certain cuts, adding value to every animal produced. The U.S. Meat Export Federation is working to build a strong demand for U.S. high quality, high value beef and pork, highlighting sustainability and health as well as quality, to proactively address consumer questions in the (mis)Information age. The webinar will cover the current global demand for red meat, how U.S. beef and pork exports have been performing and how exports are related to livestock markets and meat prices.
Erin Borror joined USMEF in July 2006 after receiving her M.S. in Agricultural Economist at Texas A&M University. She received her B.S. in Agribusiness at California Polytechnic State University. She serves as char of the Economics Committee for the International Meat Secretariat. Raised on a cow/calf operation in Colorado, she and her husband Bryce raise purebred and commercial cattle at Tehama Ranch in Northern California.
With Matt Stockton, agricultural economics specialist, Nebraska Extension; Daran Rudnick, agricultural water management specialist, Nebraska Extension; and Chuck Burr, water and cropping systems educator, Nebraska Extension.
With irrigation season soon to be here, it’s important for producers to consider irrigation strategies and technology that can make a positive impact on their operation. The webinar will share results from the University of Nebraska-Lincoln’s TAPS program related to the optimal amount of water that should applied during the growing season. It will also include a discussion about sensors and weather data, as well as the economics of using some of the latest technology.
With Leslie Watson, Cooperative Development Services & Culminate, and Charlotte Narjes, Nebraska Cooperative Development Center.
With Randy Saner, Extension Educator, Nebraska Extension; and Matt Stockton, Associate Professor, UNL Agricultural Economics
Benchmarking a cow-calf operation by comparing it to other similar operations, can give producers a tool to look at ways they can improve their business. This webinar will look at 31 commercial beef cow-calf operations with 100 or more cows. The information comes from the 2019 FINBIN database maintained by the University of Minnesota for the states of Nebraska, North Dakota, and South Dakota. We will discuss what key factors makes a beef operation profitable according to this benchmarking data.
Recent Trends in Nebraska Cash Rental Rates
Trends in cash rent for 2021 across Nebraska; financial implications for changes in land values and cash rents, impact of drought and high commodity prices on land/leases, and proper communication and decision-making for agricultural land, improving communication between landlords, tenants and family members; ask the experts.
With: Nathan Kauffman, Omaha Branch Executive, Vice President and Economist, Federal Reserve Bank of Kansas City. On the verge of disaster one year ago, many segments of the U.S. agricultural economy have rebounded to new heights. Supported by robust global demand, reopening economies, and tight supplies, the prices of major U.S. crops have touched their highest level in nearly a decade. Although significant risks remain, the outlook for U.S. agriculture in the months ahead is strong.
With: Nathan Kauffman, Omaha Branch Executive, Vice President and Economist, Federal Reserve Bank of Kansas City.
On the verge of disaster one year ago, many segments of the U.S. agricultural economy have rebounded to new heights. Supported by robust global demand, reopening economies, and tight supplies, the prices of major U.S. crops have touched their highest level in nearly a decade. Although significant risks remain, the outlook for U.S. agriculture in the months ahead is strong.
With Dave Aiken, professor and agricultural law and water specialist, Department of Agricultural Economics, University of Nebraska-Lincoln.
Aiken provides an overview of the types of problem-solving courts, how they function as alternatives to jail time and what how their cost compares to incarcerating alleged offenders.
With: Brad Lubben, Nebraska Extension Policy Specialist, and Cathy Anderson, Nebraska USDA Farm Service Agency Production and Compliance Section Chief.
Farmers and ranchers may have heard of the Pandemic Assistance for Producers Initiative, the American Rescue Act Plan and the Coronavirus Food Assistance Program. All have been in the news, but what do each of them mean for Nebraska’s producers? UNL’s Brad Lubben along with the Nebraska USDA Farm Service Agency’s (FSA) Cathy Anderson will provide an overview of each and give direction for farmers and ranchers regarding the current open application period for the Coronavirus Food Assistance Program (CFAP) 2 at FSA offices across the state.