If producers are shielded from yield risk by crop insurance, does that affect their input use? New studies illustrate the role of actual production history and the dynamic nature of moral hazard in crop insurance.
How does what you paid for harvest labor compare with what others in the Northern Plains Region paid during the October survey week. For 2018, the average was $15.49, up 7% from 2017. Laborers worked an average of 47.4 hours that week.
Try this three-step method to develop a crop income projection for 2019 based on average yield estimates, commodity price projections, and direct cost and overhead. The 2019 crop production budgets can be used as a guide.
The extra agricultural production from irrigation across the High Plains Aquifer (HPA) was worth about $3.5 billion in 2007, $2 billion of which was produced in Nebraska. This research analyzed annual crop production and weather information for 1960 to 2007 for each of the 205 counties overlying the HPA.
A lot of farm and ranch operations have side businesses such as selling seed corn, installing fence, doing conservation land work, or providing other custom services. This series looks at how to develop these side businesses.