Agricultural Firm Profitability and SustainabilityThe Department of Agricultural Economics devotes a major part of its resources on programs to improve the profitability and sustainability of the agro-food system. This work is important to Nebraska's 49,000 farms and ranches, cooperatives and international agribusinesses with locations in the state.
It is also important to the world as we seek to double the food supply in the next 40 years while avoiding pollution of our lands, our water and our food supply. The department also places significant emphasis on comprehensively addressing risk management. This includes production risk, market risk, human risk, institutional risk and financial risk. This comprehensive approach to risk management is important to the following focus areas:
- Farm and ranch, firm and cooperative management
- Risk management, markets and trade
- Production economics