Production and financial impacts of recombinant bovine somatotropin (rbST) adoption are assessed using a survey of U.S. dairy operations and a model that corrects for self-selection bias. A substantial increase in milk production per cow is associated with rbST adoption, but large estimated...

A whole-farm modeling approach applied to survey data was used to assess the economic impacts on Heartland hog farms of alternative manure management regulations on manure application. Results showed differential economic impacts on the hog operations. Many large farms (over 2,500 hogs) had to...

Effects of low milk prices on U.S. dairy farms are assessed using a survey of U.S. dairy operations. Although small dairy operations were particularly vulnerable to the decline in milk prices in 2000, 41 percent of these operations were able to produce milk at a cost that was competitive with...

This analysis examines effects of several common assumptions on net present values (NPVs) of beef cows. While effects on NPVs vary over a price cycle or successive price cycles, several generalities manifest themselves. A cow is not likely to recover the lost revenue from not having just one...

In this report. . . Total costs of producing milk in 2000 ranged from an average of $11.58 per hundredweight (cwt) of milk sold in the Fruitful Rim-West region to $18.23 per cwt in the Eastern Uplands. Milk producers in the West had a significant cost advantage over producers in other regions in...

The advantage of using insurance to help a farmeradopt a best nitrogen management plan (BNMP) thatreduces the impact of agricultural production on theenvironment is analytically and empiricallydemonstrated. Using an expected value analysis, it isshown that an insurance program can be structured...