Appraisers use puritan sales to estimate the ratio of prices for different types of land. However, puritan sales may be hard to find in areas where parcels contain upland, bottomland, meadow, pasture, irrigation, recreational land, and CRP. This paper uses regression to identify the value of...

Commodity programs for agriculture are intended to provide farm income stability and maintain desirable efficiencies that derive from market based outcomes. A measure of economic efficiency is producer response to market signals. This research measures acreage response of Arkansas field crops...

Farmers must earn revenues that both cover costs and provide adequate returns. The goal of this research was to understand how diversified farmers measure their cost of production and determine prices. We conducted in-depth interviews of diversified Vermont farmers and used the constant...

When the 2001 Economic Growth and Tax Relief Reconciliation Act expired in 2010, Congress extended the law through the end of the year 2012 and increased the estate tax exemption. The American Taxpayer Relief Act of 2013 raised the exemption and made it permanent. However, without careful...

This case study uses current dynamics in the U.S. beef cattle industry to illustrate the use of financial analysis tools such as net present value in making investment decisions. Two problems face the livestock producer in this case study: 1) should the producer purchase replacement females or...

Historically, the vast majority of cropland in the western Great Plains was either seeded to continuous monoculture wheat or was in a wheat-fallow rotation. The objective of this paper is to determine the combined effects of crop diversity and tillage systems on wheat grain yield and net returns...

This research models net return and greenhouse gas emissions (GHG) implications of bull genetics on cow-calf operations using conditions reflective of Arkansas farms. Operation-specific details for a representative farm are described and impacts of bull selection on net returns for the entire...

Accumulation of nitrates in hay can be toxic to cattle, and managing nitrate levels in hay production could be costly. We determine the price premium a hay producer needs to receive for cattle-safe, low-nitrate hay to continued managing nitrate levels. Profit-maximizing nitrogen rates were...

Monte-Carlo simulation was used to examine net payouts, defined as indemnities received minus premiums paid, to producers purchasing Livestock Risk Protection (LRP) Insurance for Feeder Cattle. Actual policies were utilized that included various purchase dates, coverage levels, and premiums from...

Producers are beginning to be provided the opportunity to participate in incentive programs to reduce application rates of fertilizer. This paper demonstrates three methods of arriving at a recommendation on program participation. Two methods employ commonly used production functions and...