Investigation of the Costs of an Increased Shipping Standard for Cotton Warehouses

The speed of shipping cotton from warehouses has become an important issue for the cotton industry. This paper examines issues relating to costs and benefits of an increased cotton shipping standard. The value chain model is used to identify improvements in incentives, information flow and warehouse filling and management strategies.Industrial Organization,

The Impact of Drought on Grain Handling Firms

Drought impact both producers and agribusinesses. This study investigates the impacts of the 2004-2007 droughts on Oklahoma grain handling and fertilizer supply firms. The results indicated an average decline in firm revenues of 30%. Individual firms had single year revenue declines of 85% and drought period declines of 75%.Agribusiness, Environmental Economics and Policy,

Feasibility Assessment of Biomass Harvesting Cooperative

The paper summarizes the harvesting and transportation costs of biomass in an individual producer’s framework versus a cooperative framework using a feasibility template developed in MS Excel. The cost is compared between individual producer having 1000 acres of land and a cooperative with five members each having 1000 acres of land. The estimated total cost per ton for harvesting biomass and transporting it to a warehouse 20 mile far is $25.53 for individual producer and$18.00 for cooperative. The mowing, raking and baling cost per ton is estimated to be $5.71,$3.94 and $11.16 respectively for individual producer and$4.97, $2.00 and$5.85 respectively for cooperative.Biomass, Switchgrass, Harvesting, Transportation, Cooperative, Agricultural and Food Policy, Financial Economics, Production Economics, Resource /Energy Economics and Policy,

Optimal Cash Purchase Strategies to Reduce Fertilizer Price Risk

Fertilizer price volatility has increased dramatically. This research examines cash purchase and warehouse strategies. Seventeen years of Oklahoma fertilizer prices are examined. The results indicate that mechanical cash purchase strategies can be used to reduce the average cost or variance for fertilizer. Optimal purchase dates are also identified.fertilizer, price risk, seasonal price pattern, Agribusiness, Crop Production/Industries, Farm Management,

Producers Cooperative Oil Mill: A Case Study in Strategic Planning for a Cooperative

This study examines the strategic issues and decisions of Producers Cooperative Oil Mill, a regional oilseed processing cooperative located in Oklahoma City, Oklahoma. The process of strategic planning and strategy implementation in agribusiness has been the topic of numerous research studies and case studies. While cooperative firms have been the subject of case studies focusing on strategic issues, the unique aspects of strategic decisions in a cooperative firm have not been highlighted. The formulation and implementation of strategy in cooperative organizations is impacted by their business structure. This case study provides unique examples of how strategy formulation and implementation is impacted by the unique structure and values of a cooperative firm. The article is formatted such that it can be used in educational programs as three inter-related mini-case studies. Questions for students are included.cooperative, strategic planning, oilseed processing, Agribusiness, Teaching/Communication/Extension/Profession,

PUTTING OUT THE FIRES: WILL HIGHER TAXES REDUCE YOUTH SMOKING?

This paper re-examines the empirical support for predictions that proposed cigarette tax or price increases will substantially reduce youth smoking. Part of the support for these predictions comes from evidence that higher taxes reduce aggregate tobacco sales and adult smoking rates. But taxes may have much different impacts on youth starting behavior than on adult quitting behavior. We use a panel microdata set, the National Education Longitudinal Survey of 1988 (NELS:88), that spans a period when many states increased taxes on cigarettes.We are able to study the impact of taxes and prices on smoking behavior during exactly the period in adolescence when most smokers start their habits. Cross-sectional models of 12th grade smoking based on the NELS:88 data yield estimated price elasticities ranging from -0.29 to -0.98,similar to previous studies. But when we exploit the longitudinal nature of the data our results suggest that cigarette taxes or prices are not important determinants of smoking initiation. We find weak or nonexistent tax and price effects in models of the onset of smoking between 8th and 12th grade, models of the onset into heavy smoking between 8th and 12th grade, and discrete time hazard models that include state fixed effects. Our estimates create doubt about the strength of the response of youth smoking to higher taxes or prices, and suggest that alternative policy approaches to preventing youth smoking deserve serious attention. We also provide a new perspective on the relationship between smoking and schooling. We find that students with better tests scores are less likely to smoke, and that eventual dropouts are already more likely to smoke in 8th grade. Possible explanations for these patterns include individual heterogeneity in: the rate of time preference; tastes for deviancy; parental investment in smoking prevention as an aspect of child quality; and optimal lifetime plans for health and education human capital investment.Cigarette smoking; taxation

American Native Beef Cooperative

The American Native Beef project involved a failed attempt to establish cow and bull slaughter operation in Southeast Oklahoma. The effort was initially organized as a new generation cooperative and raised over US$2.5M from area producers who retained their funds in escrow for over 5 years despite numerous opportunities to withdraw their investment. The business model was restructured several times to attract equity capital from outside investors. The case provides insights into the linkages between business strategy and business structure. It also raises the question as to whether the project could have been successful under the original business model.Agribusiness, Livestock Production/Industries,

AGRICULTURAL PRODUCERS' WILLINGNESS TO PAY FOR REAL-TIME MESOSCALE WEATHER INFORMATION: A RESPONSE

Farm Management,

Energizing a Cooperative Class with Cooperative Feasibility Software

Teaching/Communication/Extension/Profession, Agribusiness,