The 2008 Farm Bill provided an option for receiving commodity program payments through existing programs or a new revenue-based alternative – the Average Crop Revenue Election (ACRE) program. ACRE is a state-level revenue program which, if elected, replaces the price-based countercyclical...

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...

This paper examined the relationship between overall inefficiency and farm characteristics such as farm size, years of farm experience, percent of time devoted to farming, educational level, record keeping system, percent acres owned, organizational structure, and farm type. Overall inefficiency...

A ten-year linear programming model of a representative dryland crop farm in North Central Kansas is used to develop and illustrate procedures for analyzing economic impacts of the elimination of one or more pesticides on an individual farm. Atrazine is used as an example pesticide because of...

Rising production costs and volatility in commodity prices have forced agricultural producers to diversify their farm acreage as a means of increasing farm profitability. A financial farm-level simulation model is constructed to examine net returns over total variable production costs per...

Specialization in agriculture, along with larger farm sizes and bigger equipment, has resulted in more custom machinery work being conducted on farms. Often, there is limited data about the current custom rate. The Mississippi State Budget Generator (MSBG) is a tool that uses a cost approach to...

This paper examines the preferred share arrangement for both landlords and tenants producing grain in the Texas High Plains (based on risk preference), and determines the sensitivity to changing input costs and market prices. Results of the analyses show that tenants and landlords prefer...

The effect of nine different fungicide seed treatments for soybeans were tested from 2004 to 2007 at Keiser, Stuttgart, and Hope, Arkansas. While seedling emergence was effective across all treatments, only three treatments showed statistically significant differences in partial returns, defined...

Recent spikes in commodity prices have led to higher margin amounts and option premiums. For the most part, producers have always attributed their lack of use in reducing risk via futures and options markets to the high cost associated with the use of these markets. This study determines the...

Appraisers often value a forest that contains many different timber stands that can vary due to factors such as age, stocking, species, and site index. Many assumptions are possible on how the various stands will be harvested and what subsequent cash flows might be generated. We describe harvest...