FACTORS AFFECTING WHOLESALE POULTRY PRICES

Changes in consumer demand for poultry meats can be characterized as evolving over time and following seasonal patterns. The focus of this study is on understanding factors affecting wholesale poultry prices. This information is needed so that poultry processors and poultry producers may better understand how consumer purchasing patterns affect price changes. Results suggest that seasonal differences between the price of cuts exist. Furthermore, own-cut and cross-cut flexibilities were unique to individual cuts.turkey primals, chicken primals, inverse demand model, Demand and Price Analysis,

Contracts in agriculture (2009)

The purpose of this guide is to provide an introduction to the legal foundation of contracts and an understanding of the role of contracts in business transactions. It provides information that will allow readers to understand several other guides dealing with specialized contracts being offered in agriculture. These specialized contracts involve activities such as carbon sequestration, conservation easements and long-term leases for wind energy turbines.New 8/09/3M

Economic and Sustainable Evaluation of Fertilizer Application scenarios for Iowa Crop/Livestock

Increased awareness and concern for environmental quality in recent years has increased pressure on farmers to develop and utilize methods to minimize the environmental impact of their production activities. The use of manure produced by livestock enterprises to meet crop nutrient needs is one method that has been used to reach these sustainable environmental goals. The purpose of this study is to evaluate the economic impact on returns of using swine manure to meet crop nutrient needs on a typical midwest crop/livestock farm

Contracts in agriculture

"Contractual relationships are nothing new for farmers. Contracts commonly used in agriculture include sales of land, equipment and grain; loans and mortgages; input purchases; land and equipment leases; and production and marketing contracts. Although these transactions occasionally take the form of oral agreements, written documents are increasingly being used to specify the terms of an intended transaction. In fact, contracts have become so common that they are often overlooked. When installing a software program on a computer, users are asked if they accept the terms of the end user license agreement. Most people check "I agree" without reading the lengthy verbiage and not realizing that it is legally binding. While this method may be acceptable for some transactions, it is certainly not recommended for agribusiness contracts. Some farmers have avoided written contracts, believing that they communicate lack of trust. A handshake and verbal agreement should be sufficient, some would argue. This perspective focuses on a potential offense of clearly writing out the terms of the agreement while overlooking the value of written contracts to clarify the agreement that is being entered into, and hence, preclude real offense. Depending on several factors, an oral agreement may not qualify to be called a contract and may have the effect of leaving one or both parties with absolutely no legal obligation. A contract is a legally enforceable promise. It is an agreement that specifies the terms to which all parties associated with the contract agree. It is the result of one party making an offer that, if accepted by the other party, generally places on both parties the legal obligation to perform on their respective promises. More specifically, it often lays out the allocation of decision rights, value and risk among the parties either specifically or by inference. The purpose of this guide is to provide an introduction to the legal foundation of contracts and an understanding of the role of contracts in business transactions. It provides information that will allow readers to understand several other guides dealing with specialized contracts being offered in agriculture. These specialized contracts involve activities such as carbon sequestration, conservation easements and long-term leases for wind energy turbines."--First page.Authors: Ray Massey (Agricultural Economist, Commercial Agriculture Program), Mike Sykuta (Agricultural Economist, Department of Agricultural Economics), Vern Pierce (Agricultural Economist, Commercial Agriculture Program)New 8/09/3

DETERMINANTS OF SALE PRICE AND FARM VALUE IN THE MISSOURI SHOW-ME SELECT REPLACEMENT HEIFER PROGRAM

Farm Management, Livestock Production/Industries,

Economic Evaluation of Swine Manure Utilization in a Sustainable Agricultural Production System

American agriculture has enjoyed a growth In technological productivity since the early 1900*s. Barely does one method of efficiency become commonplace before the newest state of the art technologies push their way to the forefront in our eagerness to improve productive efficiencies still faster. With this trend issues of environmental soundness have arisen. Agriculture has moved to fewer and larger production complexes. Livestock production has, like most other farm enterprises, become more concentrated. Concentration has given rise to animal waste disposal problems and their parallel environmental Impacts. Animal manure has typically been treated as a waste product to be disposed in the least cost way. Its value as a fertilizer has been overlooked

Asymmetric Information in Cattle Auction: The Problem of Revaccinations

The authors acknowledge the help of Chris Boessen, Glenn Grimes, Joe Horner, Robert Larson, K.C. Olson, and Kurt Richter. This revision is dated July 2004.The paper analyzes the problem of asymmetric information between buyers and sellers in cattle auctions. An illustration is made regarding the vaccinations that the animals receive. Buyers do not know and cannot verify if sellers have vaccinated their animals forcing them to consider revaccination. Revaccination is only a part of the broader problem of information asymmetry that includes other quality issues and costs that can be saved, thereby increasing the welfare of both buyers and sellers. Structural characteristics of ranching, traditions and consumers' preferences are taken into account and a wider approach is attempted to explain the persistence of the problem in light of potential institutional solutions. We argue for a comprehensive empirical study of the incidence and impacts of buyer revaccination.This research was supported in part by the Missouri Agricultural Experiment Station

Agricultural Contracting

The information in this presentation was assimilated during a University of Missouri Outreach & Extension Professional Implementation Experience (Train the Trainer) program held on April 4 and 5, 2000. The information assimilated herein was provided by the individual speakers. Please feel free to use this information for educational and informative uses