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October 13, 2014
Commodity Program Papers
crop insurance if they meet conservation requirements. The OSU-
KSU …
June 20, 2016
Financial Management
3
chemical costs and farms that use traditional tillage practices will have higher fuel costs. If one method controls
weeds at a lower aggregate cost (also including labor, repair, and depreciation expenses), farms that utilize this
method will achieve a higher level of profitability. As another example, farms that own their land instead of
renting it may make more valuable long run investments (e.g., apply lime, do conservation work) in their land,
while farms that rent land may choose not to make improvements due to the risk of losing the land in the
future. Farms that own their land might achieve a higher level of performance as a result of being in a position
to make more profitable decisions.
Variables
Farms are broken down by their characteristics, production practices, and management focus. Table 1
list these three categories along with specific variables considered in each category. A farm’s characteristics
include their size, how they access land and equipment, and how many acres farmed per worker. Whether farms
own or rent land is quantified by their share of rented acres. The purpose of the value of equipment per acre
variable is to quantify a farms decision to own equipment or hire custom operators. It also implicitly measures a
farms use of older or new equipment. The number of workers on the farm is measured by the total number of
operators, family laborers, and hired employees per acre.
Farm production practices include the diversity of crops grown, how intensely land is used, and farm
tillage practices. The diversification of crops grown is measured by a Herfindahl index of crop acres planted. How
intensely a farm uses their land is measured by planted dryland acres divided by total dryland acres, where
values less than 1.0 indicate some land being fallowed and a value greater than 1.0 indicates double cropping. A
farm’s use of traditional tillage or no tillage practices is estimated by the ratio of a farm’s chemical costs to their
total chemical and equipment costs. A higher ratio is assumed to be correlated with reduced or no‐tillage
production.
Kansas State University Department Of Agricultural Economics Extension Publication …
March 9, 2011
Energy
Plains Underground
Water Conservation District No. 1 with
technical …
January 11, 2021
Marketing Strategies
give you a maximum fee and a conservative estimate on the price
floor …
May 2, 2022
Recent Videos, Risk and Profit Online Mini-Conference Presentations
January 1, 2011
Land Leasing
Forms
improvements, including conservation
practices, are a contribution …
January 30, 2024
Land Buying and Valuing
including eminent domain, conservation ease-
ments, as well as appraising … programs to land use and conservation practices.
MAXIMIZE RETURNS … programs to land use and conservation practices.
MAXIMIZE RETURNS …
August 31, 2012
Risk Management Strategies