It is widely accepted that net farm income reported on an accrual-adjusted income statement is a more appropriate profitability measure than net farm income reported on Schedule F of the federal tax return, which is prepared using cash basis accounting. However, a common practice among...

Foreign labor has become increasingly important component of U.S. agriculture. Disruption in the supply of agricultural labor has been argued to significantly affect agricultural production. This study analyzes the impacts of foreign labor shortages on the dairy industry using national survey...

Variable precipitation, more importantly drought, impacts profitability for livestock management. Financial outcomes from management decisions related to forage shortages can be exacerbated by price variability. This research examines alternative management strategies to determine the potential...

Many farmland owners opt to work directly with farmer-tenants while others choose to hire a professional farm manager to assist in the management of their land. As absentee landownership increases and more landowners become less associated with farming, professional farm managers have increased...

Because of the extra risk, tenants who cash lease land should earn more money than those tenants with share leases. A competitive land market and the need to support bigger and newer machinery can easily lead tenants to pay more than they should for a cash lease. Share leases tend to avoid the...

The comprehensive set of programs in the 2008 Farm Bill designed to support Young and Beginning Farmers and Ranchers (YBFR), combined with a substantial amount of resources allocated to each of these programs, can be viewed as an investment in ensuring the future sustainability of the U.S....

Farm enterprise analysis is a term that has traditionally been used to describe the process of determining costs associated with farm business enterprises and enterprise profitability. A key challenge to those who would know their costs has been the lack of guidance on cost accounting principles...

Scientific understanding regarding causes of climate change is maturing. Earlier indications that atmospheric CO2 is the primary cause have been challenged by recent studies. Evidence against anthropogenic global warming is mounting. Subsidized alternative fuel initiatives may run out of support...

As environmental regulations continue to tighten and shift from nitrogen to phosphorus-based application standards for manure, phosphorus removal will become increasingly important for any state considering a livestock growth initiative. A framework was developed that can determine a...

When selecting crop insurance coverage, farmers must consider multiple factors. The importance associated with factors that are considered when making crop insurance decisions varies among individual farmers. As available crop insurance options increase, selecting the appropriate coverage...