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Three dairy systems, 120-cow grazing, 120-cow conventional, and 600-cow concentrated, were evaluated by internal rate of return (IRR) accounting for the Milk Income Loss Contract (MILC). With MILC, the grazing and conventional systems had higher IRRs. Without MILC, the 600-cow dairy had the...
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The 2000 Illinois Vineyard Survey showed 400+ acres of grapes compared to 181 two years earlier. There are 28 wineries with eight more scheduled to open - up from four in the 1980s. State government has allocated $500,000 annually to an Illinois Grape and Wine Resource Council in part to boost...
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Dairy in Illinois has declined in farm numbers, cows, and value of dairy product. Alternative dairy systems (intensive grazing, traditional, and a concentrated feeding system) were evaluated for their potential to sustain dairy in Illinois. The economic impact of each system on the Illinois...
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Residents have opposed location of nearby livestock facilities. Illinois residents were asked how much they would be willing to pay (WTP) to stop a dairy from locating near them. Most respondents would not pay. Demographic characteristics (income, education, age, gender, agricultural interest,...
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The method often proposed to meet environmental goals such as water quality improvement is input restriction, such as reduced fertilizer or pesticide use. Computable general equilibrium (CGE) models are potentially valuable tools to analyze the economic impact of such programs. However, to be...
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When farm chemical use is restricted, gross farm income rises, but net income may fall. A 10-sector applied general equilibrium model was used to arrive at this assessment. Compared are a chemical use tax, an input restriction on chemicals, and a farm sales restriction imposed on input...
Persistent link: https://www.econbiz.de/10010910600
Community opposition to dairies has altered location decisions by milk producers. Our objective was to identify residents' perceptions towards dairy by individual and community characteristics. A mail survey of residents of dairy counties and non-dairy counties was conducted. Dairy county...
Persistent link: https://www.econbiz.de/10005060697