Agricultural producers have used futures markets to manage price risk, confident that 1) cash and futures prices move together over time, 2) cash and futures prices converge as the contract approaches expiration, and 3) funds held in margin accounts as a performance bond were secure in...

The Ogallala Aquifer is the primary source of water for irrigation in the Texas High Plains. Depletion of the aquifer concerns stakeholders as agriculture is a major driver in the regional economy. This study examines the contribution of irrigation to income, economic output, and employment in...

Feedlot dust control is an important issue in the Texas High Plains. Water application, with either a solid-set or a water truck sprinkler system, is the most common method of dust control. An analysis conducted suggests the economically optimal system depends on length of ownership, inflation,...

A brief review of the beef and cattle market following the diagnosis of Bovine Spongiform Encephalopathy (BSE) in Canada and U.S. in 2003 is conducted. The focus is on the recent changes in the beef market experienced by major exporting and importing countries with special emphasis on the beef...

Feedlot dust is a critical problem that contributes to cattle death and illness, as well as, air pollution. This analysis identifies the effects of feedlot dust on cattle and the benefits/methods of controlling feedlot dust. A cost analysis of one popular method of controlling dust, solid-set...

Impacts of alternative agricultural water conservation strategies are being evaluated in the Texas Panhandle. Stakeholders have expressed concern that all effects need to be accounted for including the regional economy. A methodology was developed to evaluate the effects on the backward and...

Selecting the best wheat varieties affects producers’ profit and financial risk. This study identifies the optimal wheat variety selection using the portfolio approach at various risk aversion levels. Results showed that the optimal wheat variety selection was significantly affected by changes...

Dust created in feedyards can adversely affect cattle performance. Dust suppression can be accomplished by moistening pen surfaces with traveling gun(s) sprinklers, solid-set sprinklers, and water trucks. This study specifically addresses the fixed and operational costs associated with a...

Dust created in feedyards can adversely affect cattle performance. Dust suppression can be accomplished by moistening pen surfaces with traveling gun(s) sprinklers, solid-set sprinklers, and water trucks. This study specifically addresses the fixed and operational costs associated with a water...