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Breakout Sessions
2014 Risk and Profit Conference
Breakout … education programs on market risk,
government commodity programs … Art is an author on the KSU Risk …
General Sessions
2012 Risk and Profit Conference
General … Program Added: Agriculture Risk Coverage (ARC)
¨ ARC makes … establishingpoints, the CAT fee is waived, and assistance is provided for establishing
yield history.
Max Fisher
max_fisher@ag.senate.gov
202‐224‐9315
2012 Risk and Profit Conference
General …
February 27, 2018
2018 Farm Bill Meetings Presentations
education programs on market risk, government commodity programs … debate may shift back to price risk rather than revenue. However … “large” farms have lower risk, therefore removing them …
March 2, 2018
2018 Farm Bill Meetings Presentations
education programs on market risk, government commodity programs … debate may shift back to price risk rather than revenue. However … “large” farms have lower risk, therefore removing them …
Summary Book - All Counties
Kansas Farm Management Association
Northwest
PROFITLINK
Summary
2008
Kansas … Association
Northwest
PROFITLINK
Summary
2008
Kansas Farm Management Associations
www.agmanager.info/kfma
K-MAR-105 … Extension Service
Kansas Farm Management Associations
Administrator …
September 1, 2009
Assessing Business Opportunities
My M.Sc. thesis research showed simultaneity between meat (broiler chicken) and egg supply and
demand explained the negative sign on egg price in the supply equation. The small poultry farmers
shifted from egg production to broiler production with increasing egg prices because they knew
consumers substituted egg with meat when egg prices were rising.
4
among small African farmers in their book, Banking in Africa. They
explain this behavior as a strategic response to government behavior,
arguing that these small farmers believed that “… the government would
appropriate monetary assets, as happened in Ghana and Uganda, for
example, where bank deposits were confiscated and money holdings
taxed respectively” (p. 43‐44).
The seminar presenter’s conclusion was a genuine error resulting from
using North American and European lenses to explain behavior in a very
remote environment that shared little in common with North America or
Europe. He did not mean any malice and was technically a victim of the
geography of economic thought. Similar errors occur frequently
whenever we find ourselves in cultures different from ours and we forget
that our basic assumptions about behavior do not translate completely
across cultural boundaries.
Our Assumptions Are Not Necessarily Universal
Economists are frequently the butt of jokes about assumptions. But, it is
important that we maintain consciousness about the assumptions we are
using to interpret our environment, especially if they involve other
people who may not share them.
Assumptions we make about the economic and economic behavior are so
deep seated in our brains that we are frequently unaware of them. For
example, the assumption of profit as the motivation for business is hardly
questioned because “everybody knows that’s why you start a business.”
But that assumption is not universal because there are people who start
businesses not motivated by profit but by such things as creating a job for
themselves. For these people, profit, if it comes, is purely a by‐product of
the freedom they sought from owning their own business. Also, when
you are used to doing large deals, it is easy to lose sight of the fact that
not all successful businesses are large. Success must be defined in terms
of the entrepreneur’s objectives.
A few years ago, I was privileged to work with an $11 million southeast
Kansas company with a consistent return on sales of 0.4 percent. My job
was to find a way to increase profits. Recognizing the importance of
assumptions, I started by surveying all of the company’s shareholders.
What I discovered was that their investment objective was not stock
price appreciation, but to have a company in their small community that
provided them with the services they needed. That was very insightful.
As a consulting advisor to management at Family Tradition Foods …
October 22, 2020
Precision Ag and Technology Articles
needed to understand
and manage farm conditions. Mobile devices … and to control devices that manage the use of their resources—from … USDA’s Agricultural Resource Management Survey (ARMS) (McFadden …
Summary Book - All Counties
Kansas Farm Management Association
2016
Northeast … Excellence
Kansas Farm Management Associations
www.AgManager.info/KFMA … Extension Service
Kansas Farm Management Associations
Executive Director …
Breakout Sessions
2014 Risk and Profit Conference
Breakout … Training for the Kansas Farm Management Association. Before moving … foundation for a variety of
farm management tasks. From tax planning …
March 1, 2015
USDA METSS Project
conditions allow project
managers to make the necessary adjustments … what intervention project managers do, ceteris paribus.
The … environment to exacerbate the risk of poverty. Figure
5 shows …