Cornhusker Economics May 20, 2015Production Costs Matter
Understanding relationships between costs and uncertain output is important in decision making. In the current grain price environment, a stronger understanding of costs and their interaction with other decisions (i.e., risk management), can minimize economic hardship or, in the extreme, reduce the probability of farm liquidation.
Cornhusker Economics October 14, 2015Working With Your Banker
Commercial ag bankers are in the business of making loans. But not just any loans. They want to make good loans. A good loan is somewhat subjective, but there are many factors that lenders evaluate to help them decide if you will be able to pay back both the principal and the interest, as well as maintain a mutually profitable, long-term business relationship.
Cornhusker Economics September 9, 2015A Historical Comparison of Heifer Replacement Costs
The value of heifer replacements is an interesting question which is affected by time (e. g. future cattle prices), animal longevity and the individual production and management system of the cow-calf producer. If we ignore the differences among producers we can study the effects that price and longevity have on the net value of replacement animals.
Cornhusker Economics August 26, 2015Increasing Ecosystem Services Benefits through Spatially Coordinated Land Management: Role of Transaction Costs and Communication in an Experimental Setting