Template-Type: ReDIF-Paper 1.0
Author-Name: Fausti, Scott 
Author-X-Name-First: Scott
Author-X-Name-Last: Fausti
Author-Email:  scott.fausti@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name: Qasmi, Bashir 
Author-X-Name-First: Bashir
Author-X-Name-Last: Qasmi
Author-Email:  bashir.qasmi@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name:  Diersen, Matt 
Author-X-Name-First: Mat
Author-X-Name-Last: Diersen
Author-Email:  matthew.diersen@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Title:  Public Reporting of Fed Cattle Grid Prices: Policy Reform Consequences
Abstract: Mandatory livestock price reporting was implemented in April 2001. Empirical
evidence indicates a significant change in volatility occurred in publicly reported fed
cattle grid premiums and discounts after its implementation. Empirical analysis of grid
premiums and discounts across the pre-and post-reform periods indicates that increased
transparency is compatible with either an increase or a decrease in price volatility in the
post-MPR period. Furthermore, it appears that the public price reporting system for
weekly grid premiums and discounts failed to provide an adequate level of transparency
prior to the implementation of price reporting reforms.

Our methodology extends the literature on the use of volatility measures for
investigating issues associated with market transparency. This extension can be applied
to the development of volatility measures for monitoring the price reporting behavior of
firms.
Length:  34 pages
Creation-Date:  2007-04
File-URL: http://repec-sda.sdstate.edu/repec/sda/pdf/sp070001.pdf
File-Format: Application/pdf
File-Function: Final version, 2007
Number: 070001
Classification-JEL: Q13, Q18
Keywords: cattle pricing, grid pricing, farm policy
Handle: RePEc:sda:staffp:070001

Template-Type: ReDIF-Paper 1.0
Author-Name: Qasmi, Bashir 
Author-X-Name-First: Bashir
Author-X-Name-Last: Qasmi
Author-Email:  Bashir.Qasmi@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name: Van der Sluis, Evert 
Author-X-Name-First: Evert
Author-X-Name-Last: Van der sluis
Author-Email: Evert.VanDerSluis@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Title:  Review and Analysis of International and Budgetary Considerations for the 2007 U.S. Farm Bill
Abstract: We assess the extent to which national budget considerations, international trade negotiations,
and domestic political deliberations affect the potential development of an omnibus farm bill,
which may be signed into law in 2008. With no successful conclusion of the Doha Development
Round of trade negotiations in sight, U.S. legislators appear unable to make politically unpopular
decisions on domestic farm policy reform. However, the absence of an international trade
agreement does not reduce the need for the U.S. to comply with previous agreements.
Length:  20 pages
Creation-Date:  2008-01
File-URL: http://repec-sda.sdstate.edu/repec/sda/pdf/sp080001.pdf
File-Format: Application/pdf
File-Function: Final version, 2008
Number: 080001
Classification-JEL: Q18, Q17
Keywords: farm bill, budget deficit, international trade agreements, agricultural policy
Handle: RePEc:sda:staffp:080001

Template-Type: ReDIF-Paper 1.0
Author-Name:  Fausti, Scott
Author-X-Name-First: Scott
Author-X-Name-Last: Fausti
Author-Email:  scott.fausti@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name: Qasmi, Bashir 
Author-X-Name-First: Bashir
Author-X-Name-Last: Qasmi
Author-Email:  bashir.qasmi@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name: Diersen, Matt 
Author-X-Name-First: Matt
Author-X-Name-Last: Diersen
Author-Email:  matthew.diersen@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Title: Grid Marketing and Beef Carcass Quality: A Discussion of Issues and Trends

Abstract: Beef industry data suggest that improvements in carcass yield and quality grades
have stagnated recently. Empirical analysis, based on USDA market reports, indicates
that the share of steer slaughter volume marketed on a grid is less than industry estimates
and the growth in market share has stagnated.

Trend analysis of market share suggests that grid pricing has become an important
marketing channel, but has not become the dominant marketing channel. The lack of
industry progress toward achieving the carcass quality goals suggests that grid pricing has
not captured the level of market share needed to realize the goals envisioned for it as a
value based marketing system.
Length:  31 pages
Creation-Date:  2008-06
File-URL: http://ageconsearch.umn.edu/bitstream/37149/2/StaffPaper2008-3-AgEcSearch.pdf
File-Format: Application/pdf
File-Function: Final version, 2008
Number: 080003
Classification-JEL: Q18, Q13
Keywords: cattle pricing, grid pricing, farm policy
Handle: RePEc:sda:staffp:080003

Template-Type: ReDIF-Paper 1.0
Author-Name:Taylor, Gary 
Author-X-Name-First: Gary
Author-X-Name-Last: Taylor
Author-Email: Gary.Taylor@sdstate.edu
Author-Name:Janssen, Larry 
Author-X-Name-First: Larry
Author-X-Name-Last: Janssen
Author-Email: Larry.Janssen@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Title: The Economic Impact of CRP Acres in South Dakota Returning to Crop Production
Abstract: In 2007 South Dakota had 729,397 acres of CRP contracts expire, which was nearly 47% 
of the 1.56 million acres enrolled in the program. During this period, there was no 
new farm bill or new CRP policy provisions. Just as enrolling these acres into the 
program had significant negative impacts on revenue generation in the farm and rural 
economy in South Dakota, putting these acres back into production will also have significant positive impacts
 on the economy of the state. The objective of this study is to estimate the economic 
impacts that could occur as some of these CRP acres are converted back to production 
for three different regions within the state. The effect of converting some of the CRP 
land to grazing is not examined in this analysis. Only the effects of converting CRP 
land to crop production is analyzed here.
Length:  15 pages
Creation-Date:  2008-09
File-URL: http://ageconsearch.umn.edu/bitstream/56763/2/StaffPaper2008-4--AgEcSearch.pdf
File-Format: Application/pdf
File-Function: Final version
Number: 080004
Classification-JEL: Q18, Q17
Keywords: farm legislation, CRP,conservation reserve program, land use, farm bill
Handle: RePEc:sda:staffp:080004

Template-Type: ReDIF-Paper 1.0
Author-Name:Dobbs, Thomas L. 
Author-X-Name-First: Thomas
Author-X-Name-Last: Dobbs
Author-Email:  Thomas.Dobbs@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Title: Working Lands Agri-environmental Policy Options and Issues for the Next United States Farm Bill
Abstract: U.S. farm legislation is due to be updated in 2007, to become effective with the
2008 crop year. Major questions surround the role of environmental or conservation
provisions in the new Federal farm bill. In this paper, I first present some background on
the evolution of U.S. ‘agri-environmental policies’—policies encompassing conservation
of agriculture’s natural resources and agriculture’s impact on the environment. I follow
that with a brief discussion of the concept of ‘multifunctionality’ in agriculture, a concept
that increasingly is driving discussions of agri-environmental policy options in Europe
and the U.S. The subsequent section of the paper contains discussion of four broad
alternative approaches to agri-environmental policy in the next farm bill. Then, there are
sections on each of three specific agri-environmental programs and sets of policies: the
Environmental Quality Incentives Program, the Conservation Security Program, and
policies to support organic agriculture. I conclude the paper with my observations on
prospects for fundamental reforms related to agri-environmental policies in the next farm
bill.
Length:  37 pages
Creation-Date:  2006-09
File-URL: http://ageconsearch.umn.edu/bitstream/32013/1/sp060003.pdf
File-Format: Application/pdf
File-Function: Final version, 2006
Number: 060003
Classification-JEL: Q18, Q17, Q15
Keywords: farm legislation, agri-environmental policy, conservation, farm bill
Handle: RePEc:sda:staffp:060003


Template-Type: ReDIF-Paper 1.0
Author-Name:Fausti, S.W 
Author-X-Name-First: Scott
Author-X-Name-Last: Fausti
Author-Email: Scott.Fausti@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name:Diersen, M. 
Author-X-Name-First: Matthew
Author-X-Name-Last: Diersen
Author-Email: Matthew.Diersen@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Title: Did the Voluntary Price Reporting System Fail to Provide Price Transparency
in the Cash Market for Dressed Steers: Evidence from South Dakota 
Abstract: The information value of the former USDA voluntary price reporting system is investigated for dressed weight 
slaughter steers. The ability of the former system to promote market transparency and price discovery in the 
cash market is evaluated with state level mandatory price reporting data collected from September 1999 to April 2001.
The empirical framework evaluates the informational value of public price reports according to the criteria established 
in the market integration literature. The empirical results indicate that in the cash market for dressed weight steers,
 in South Dakota and Nebraska the former voluntary price reporting system did foster market transparency and aided 
in the price discovery process.
Length: 21 pages 
Creation-Date: 2003-06 
File-URL: http://repec-sda.sdstate.edu/repec/sda/pdf/sp03-05.pdf
File-Format: Application/pdf
File-Function: Final version
Number: 030001
Classification-JEL: Q13, Q17 
Keywords: grid pricing, price discovery, price reporting
Handle: RePEc:sda:staffp:030001

Template-Type: ReDIF-Paper 1.0
Author-Name: Fausti, Scott W. 
Author-X-Name-First: Scott
Author-X-Name-Last: Fausti
Author-Email: Scott.Fausti@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name: Qasmi, Bashir A.
Author-X-Name-First: Bashir
Author-X-Name-Last: Qasmi
Author-Email: Bashir.Qasmi@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name:Diersen, Matthew A. 
Author-X-Name-First: Matthew
Author-X-Name-Last: Diersen
Author-Email: Matthew.Diersen@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Title: The Efficacy of the Grid Marketing Channel for Fed Cattle
Abstract: Beef industry data suggest that carcass yield and quality grades have shown little 
improvement over the last six years. Trend analysis of grid market share and carcass quality suggests 
that grid pricing has not made sufficient progress in achieving the goals envisioned for it as a value 
based marketing system.
Length: 26 pages 
Creation-Date: 2008-02 
File-URL: http://ageconsearch.umn.edu/bitstream/6884/2/sp08fa01.pdf
File-Format: Application/pdf
File-Function: Final version
Number: 080005
Classification-JEL: Q13, Q11
Keywords: grid pricing, price discovery, price reporting, slaughter cattle
Handle: RePEc:sda:staffp:080005

Template-Type: ReDIF-Paper 1.0
Author-Name:Janssen, Larry 
Author-X-Name-First: Larry
Author-X-Name-Last: Janssen
Author-Email: Larry.Janssen@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name:Taylor, Gary 
Author-X-Name-First: Gary
Author-X-Name-Last: Taylor
Author-Email: Gary.Taylor@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name:Gerlach, Erik 
Author-X-Name-First:Erik
Author-X-Name-Last: Gerlach
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name:Garcia, Alvaro 
Author-X-Name-First:Alvaro
Author-X-Name-Last: Garcia
Author-Workplace-Name: Department of Economics, South Dakota State University
Title: Economic Impacts of Alternative Sized Dairy Farms in South Dakota
Abstract:South Dakota dairy industry has shifted toward large operations to offset declining
numbers of dairy cows and milk production stemming from rapid exodus of smaller (<100-cow)
dairy farms. This study examines the regional and state level economic impacts of expansion by
large and medium size modern dairies. Whole-farm budgets were constructed from producer
panel and secondary data. Based on IMPLAN results, the 1000-head dairy generally had higher
output, employment and value added multipliers resulting from increased feed and wholesale
purchases. The 150-head dairy, which raised its own feed and replacement heifers, had higher
amounts of value added.
Length: 25 pages
Creation-Date: 2006-06
File-URL: http://repec-sda.sdstate.edu/repec/sda/pdf/JanssenDairy.pdf
File-Format: Application/pdf
File-Function: Final version
Number: 060001
Classification-JEL: Q12, Q13, Q16
Keywords: Dariy Farms, Farm Size, farm technology
Handle: RePEc:sda:staffp:060001

Template-Type: ReDIF-Paper 1.0
Author-Name: Janssen, Larry 
Author-X-Name-First: Larry
Author-X-Name-Last: Janssen
Author-Email: Larry.Janssen@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name:Pflueger, Burton 
Author-X-Name-First: Burton
Author-X-Name-Last: Pflueger
Author-Email: Burton.Pflueger@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name: Ahrendt, Tyler 
Author-X-Name-First:Tyler
Author-X-Name-Last: Ahrendt
Author-Workplace-Name: Department of Economics, South Dakota State University
Title: South Dakota Agricultural Land Market Trends 1991–2007
Abstract:Agricultural land values and cash rental rates in South Dakota, by region
and by state, are the primary topics of this report. The target audiences
for this report are farmers and ranchers, landowners, agricultural
professionals (lenders, rural appraisers, professional farm managers),
and policy makers interested in agricultural land market trends. This
report contains the results of the 2007 SDSU South Dakota Farm
Real Estate Market Survey, the 17th annual SDSU survey developed to
estimate agricultural land values and cash rental rates by land use in
different regions of South Dakota.
Length: 46 pages
Creation-Date: 2007-06
File-URL: http://repec-sda.sdstate.edu/repec/sda/pdf/C272.pdf
File-Format: Application/pdf
File-Function: Final version
Number: 070002
Classification-JEL: Q15
Keywords: farms, land use, land value, agriculture land, farm land
Handle: RePEc:sda:staffp:070002

Template-Type: ReDIF-Paper 1.0
Author-Name: Fausti, Scott
Author-X-Name-First: Scott
Author-X-Name-Last: Fausti
Author-Email: Scott.Fausti@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name:Diersen, Matthew
Author-X-Name-First: Matthew
Author-X-Name-Last: Diersen
Author-Email: Matthew.Diersen@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Title: Price Transparency in the Voluntary Price Reporting System for Live Cattle: Theory and
 Empirical Evidence from South Dakota
Abstract:The ability of the former federal voluntary price reporting system to facilitate
 market efficiency in the cash markets for U.S. livestock was questioned by producer groups 
and academic researchers prior to implementation of federal mandatory price reporting regulations. 
In the cash market for slaughter cattle, concerns raised in the literature centered on the effect 
of thinning cash markets and strategic price reporting behavior on the robustness of voluntary cash 
price reports issued by the USDA-Agricultural Marketing Services. A theoretical framework is developed 
describing the interregional spatial linkages between cash markets and price reporting regimes (mandatory versus voluntary).
 Data from South Dakota and Nebraska cash markets for live cattle are used to test if the conditions necessary
 for interregional price transparency did exist prior to implementation of federal price reporting regulations.
 A set of testable hypotheses, based on the theoretical framework, is developed to test if the concerns raised in 
the literature about the voluntary price reporting system can be empiracally verified. The empirical results do
 not support the literature's proposition that the voluntary price reporting system for live cattle failed to provide 
timely and accurate market price information to the cash market prior to the implementation of the federal mandatory
 price reporting system in South Dakota and Nebraska. Furthermore, empirical evidence does not support the suppostion 
that a thinning cash market or strategic price reporting had a significant negative effect on the AMS voluntary price 
reporting system's accuracy or timely transmission of price information. Therefore, we conclude that the AMS voluntary
 price reporting system provided price transparency for South Dakota and Nebraska producers selling in the cash market
 and contributed to the price discovery process.
Length: 28 pages
Creation-Date: 2005-05
File-URL: http://ageconsearch.umn.edu/bitstream/32027/1/sp050001.pdf
File-Format: Application/pdf
File-Function: Final version
Number: 050001
Classification-JEL: Q13, Q11
Keywords: grid pricing, price discovery, price reporting, slaughter cattle
Handle: RePEc:sda:staffp:050001

Template-Type: ReDIF-Paper 1.0
Author-Name: Janssen, Larry
Author-X-Name-First: Larry
Author-X-Name-Last: Janssen
Author-Email: Larry.Janssen@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name:Yonas Hamda
Author-X-Name-First: Yonas
Author-X-Name-Last: Hamda
Author-Email: Yonas.Hamda@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Title:  Federal farm program payments (1990 – 2001): an analysis of changing dependency and the
distribution of farm payments in South Dakota 
Abstract:The growing dependence of the state and local economy and the farm sector 
on Federal farm program payments is highlighted in this South Dakota case study. The
 concentration and distribution of farm program payments to recipients at the county,
 regional and state level from 1996 – 2001 is examined. Reasons for and implications of
 growing inequality of farm program payments are discussed.
Length: 28 pages
Creation-Date: 2005-07
File-URL: http://ageconsearch.umn.edu/bitstream/32031/1/sp050002.pdf
File-Format: Application/pdf
File-Function: Final version
Number: 050002
Classification-JEL:Q18, Q12
Keywords: Federal farm payments, farm policy, South Dakota
Handle: RePEc:sda:staffp:050002


Template-Type: ReDIF-Paper 1.0
Author-Name:Scott W. Fausti
Author-X-Name-First: Scott W.
Author-X-Name-Last: Fausti
Author-Email: scott.fausti@sdstate.edu
Author-Workplace-Name:Department of Economics, South Dakota State University
Author-Name:Bashir A. Qasmi
Author-X-Name-First: Bashir A.
Author-X-Name-Last:Qasmi
Author-Email:Bashir.Qasmi@sdstate.edu
Author-Workplace-Name:Department of Economics, South Dakota State University  
Author-Name:Jing Li
Author-X-Name-First:Jing
Author-X-Name-Last:Li
Author-Email:Jing.Li@sdstate.edu
Author-Workplace-Name:Department of Economics, South Dakota State University  
Title: Carcass Quality Volume and Grid Pricing: An Investigation of Cause and Effect
Abstract:  The relationship between publicly reported weekly grid premiums and discounts for specific carcass characteristics and the percentage 
of those characteristics reflected in total weekly slaughter volume (i.e., proportional slaughter volume) is investigated. Granger Causality and 
multi-lag VAR models were used to investigate if grid premiums and discounts were efficiently transmitting market signals to producers with 
respect to carcass quality attributes. The empirical evidence indicates that there is little evidence to suggest that grid prices are providing 
efficient price signals to buyers and sellers with respect to market valuation of desirable and undesirable beef carcass characteristics.
Length: 14 pages
Creation-Date:  2009-01
File-URL:http://ageconsearch.umn.edu/bitstream/46215/2/SAEA.meeting.papera.2009.final.pdf
File-Format: Application/pdf
Number:   090001
Classification-JEL:  Q18, Q13
Keywords: grid pricing, price discovery, price reporting, slaughter cattle
Handle: RePEc:sda:staffp:090001

Template-Type: ReDIF-Paper 1.0
Author-Name:Larry Janssen
Author-X-Name-First: Larry
Author-X-Name-Last: Janssen
Author-Email: Larry.Janssen@sdstate.edu
Author-Workplace-Name:South Dakota State University Department of Economics
Author-Name:Yonas Hamda
Author-X-Name-First: Yonas
Author-X-Name-Last:Hamda
Author-Email:Yonas.Hamda@sdstate.edu
Author-Workplace-Name:South Dakota State University Department of Economics

Title:Economic Analysis of SODSAVER Provision of the 2008 Farm Bill for South Dakota
Abstract:The “Sodsaver” provision, which is a part of the 2008 Federal farm bill, is designed to lessen the conversion of native 
grass into cropland by limiting federal farm program payments on these converted acres within the Prairie Pothole National Priority Area (PPNPA) 
in the Northern Plains. Governors of five states in the PPNPA, including South Dakota, were required to make the decision to adopt or not adopt 
the “Sodsaver” provision.
This report includes information on: 1) South Dakota’s experience with conversion of rangeland into cropland, 
2) estimates of native grassland acres in the PPNPA of South Dakota, 3) potential change in net returns from a landowner 
or investor viewpoint, 4) an enterprise budget analysis to explore potential economic gain (loss) from conversion from
 cow-calf production to cropland, and (5) major factors influencing the policy decision of not participating in “Sodsaver”.
Length: 31 pages
Creation-Date:  2009-07
File-URL:http://ageconsearch.umn.edu/bitstream/56776/2/SODSAVER-AgEcSearch1.pdf
File-Format: Application/pdf
Number:   090002
Classification-JEL: Q24
Keywords:  Farm Bill Analysis, Land Use, Conservation
Handle: RePEc:sda:staffp:090002



Template-Type: ReDIF-Paper 1.0
Author-Name:Zhiguang Wang
Author-X-Name-First:Zhiguang
Author-X-Name-Last: Wang
Author-Email: zhiguang.wang@sdstate.edu
Author-Workplace-Name:South Dakota State University Department of Economics
Author-Name:Scott W. Fausti
Author-X-Name-First: Scott W.
Author-X-Name-Last:Fausti
Author-Email: scott.fausti@sdstate.edu
Author-Workplace-Name:South Dakota State University Department of Economics
Author-Name:Bashir A. Qasmi
Author-X-Name-First: Bashir A.
Author-X-Name-Last:Qasmi
Author-Email: bashir.qasmi@sdstate.edu
Author-Workplace-Name:South Dakota State University Department of Economics
Title:Variance Risk Premiums and Predictive Power of Alternative Forward Variances in the Corn Market
Abstract: We propose a fear index for corn using the variance swap rate synthesized from out-of-the-money call and put options as a measure of implied variance. Previous studies
estimate implied variance based on Black (1976) model or forecast variance using the GARCH models. Our implied variance approach, based on variance swap rate, is model
independent. We compute the daily 60-day variance risk premiums based on the difference between the realized variance and implied variance for the period from 1987 to
2009. We find negative and time-varying variance risk premiums in the corn market. Our results contrast with Egelkraut, Garcia, and Sherrick (2007), but are in line with the
findings of Simon (2002). We conclude that our synthesized implied variance contains superior information about future realized variance relative to the implied variance
estimates based on the Black (1976) model and the variance forecasted using the GARCH(1,1) model.
Length: 32 pages
Creation-Date:  2010-05
File-URL:http://ageconsearch.umn.edu/bitstream/61683/2/CornVarianceRiskPremium.pdf
File-Format: Application/pdf
Number:   100001
Classification-JEL: Q13, Q14, G13, G14
Keywords:  Variance Risk Premium, Variance Swap, Model-free Variance, Implied Variance, Realized Variance, Corn VIX
Handle: RePEc:sda:staffp:100001

Template-Type: ReDIF-Paper 1.0
Author-Name:McDonald, Tia Michelle
Author-X-Name-First:Tia
Author-X-Name-Last:McDonald
Author-Workplace-Name:South Dakota State University Department of Economics
Author-Name:Scott W. Fausti
Author-X-Name-First: Scott W.
Author-X-Name-Last:Fausti
Author-Email: scott.fausti@sdstate.edu
Author-Workplace-Name:South Dakota State University Department of Economics
Author-Name:Keating, Ariel Ruth
Author-X-Name-First: Ariel
Author-X-Name-Last:Keating
Author-Name:Li, Jing
Author-X-Name-First: Jin
Author-X-Name-Last:Li
Author-Workplace-Name:South Dakota State University Department of Economics
Author-Name:Lundgren, Jonathan
Author-X-Name-First: Jonathan
Author-X-Name-Last:Lundgren
Author-Workplace-Name:South Dakota State University 
Author-Name:Catangui, Mike
Author-X-Name-First: Mike
Author-X-Name-Last:Catangui
Title:Insecticide Use and Crop Selection: A South Dakota Case Study
Abstract: South Dakota has recently experienced a significant increase in the proportion of acres treated with insecticide. 
Unfortunately, data on insecticide usage by crop at the county level is not available. The following case study seeks to uncover 
the reasons for this increase by analyzing county-level data in South Dakota with a fixed effects panel regression. The study links 
the proportion of acres planted for a specific crop to the proportion of total acres treated with insecticide. This approach provides 
insight on how changing cropping patterns in South Dakota have influenced insecticide use.
Length: 30 pages
Creation-Date:  2010-06
File-URL:http://purl.umn.edu/91991
File-Format: Application/pdf
Number:   100002
Classification-JEL: Q13, Q14, G13, G14
Keywords:  Variance Risk Premium, Variance Swap, Model-free Variance, Implied Variance, Realized Variance, Corn VIX
Handle: RePEc:sda:staffp:100002


Template-Type: ReDIF-Paper 1.0
Author-Name: Janssen, Larry 
Author-X-Name-First: Larry
Author-X-Name-Last: Janssen
Author-Email: Larry.Janssen@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name:Pflueger, Burton 
Author-X-Name-First: Burton
Author-X-Name-Last: Pflueger
Author-Email: Burton.Pflueger@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name: Bronc McMurtry
Author-X-Name-First:Bronc
Author-X-Name-Last: McMurtry
Author-Workplace-Name: Department of Economics, South Dakota State University
Title: South Dakota Agricultural Land Market Trends 1991–2013
Abstract:The 2013 SDSU Farm Real Estate Market Survey is the
23rd annual survey of agricultural land values and
cash rental rates by land use and quality in different
regions of South Dakota. We report on the results
of the survey and also include a discussion of factors
influencing buyer/seller decisions and positive/
negative factors impacting farmland markets. Publication
of survey findings is a response to numerous
requests by farmland owners, renters, appraisers,
lenders, buyers, and others for detailed information
on South Dakota farmland markets.

Length: 38 pages
Creation-Date: 2013-08
File-URL: http://repec-sda.sdstate.edu/repec/sda/pdf/03-7007-2013.pdf
File-Format: Application/pdf
File-Function: Final version
Number: 130001
Classification-JEL: Q15
Keywords: farms, land use, land value, agriculture land, farm land
Handle: RePEc:sda:staffp:130001

Template-Type: ReDIF-Paper 1.0
Author-Name: Md Rezwanul Parvez
Author-X-Name-First: Md Reswanul
Author-X-Name-Last: Parvez
 Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name:Scott Fausti
Author-X-Name-First: Scott
Author-X-Name-Last: Fausti
Author-Email: Scott.Fausti@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name: Thandiwe Nleya
Author-X-Name-First:Thandiwe
Author-X-Name-Last: Nleya
Author-Workplace-Name: Department of Plant Science, South Dakota State University
Author-Name: Patricia Johnson
Author-X-Name-First:Patricia
Author-X-Name-Last: Johnson
Author-Workplace-Name: Department of Natural Resource Management, South Dakota State University
Author-Name: Kenneth Olson
Author-X-Name-First:Kenneth
Author-X-Name-Last: Olson
Author-Workplace-Name: Department of Animal Science, South Dakota State University
Author-Name: John Rickertsen
Author-X-Name-First: John
Author-X-Name-Last: Rickertsen
Author-Workplace-Name: Department of Plant Science, South Dakota State University
Title: Alternative Annual Forage Crop Options for Northern Great Plains Cattle Producers: A South Dakota Case Study
Abstract:In the Northern Great Plains region, crop and livestock producers view forage crop
production as an important component of their farm management system. During periods of increased environmental risk, alternative annual forage crops may provide producers with a risk
reducing alternative to traditional forage crops. 

An alternative forage crop production study (20 varieties) was conducted by South Dakota
State University. Production yield data was analyzed using alternative decision making teria
when outcomes are uncertain. Empirical results provide insight on forage crop planting
decisions with respect to the importance of optimal harvest timing, and the ranking of alternative
forage crops as a cash crop or as a grazing resource for livestock.

The management decision criteria used to evaluate the economic value of the forage crops
included in this study are: a) Expected Value, b) Max Min, and c) Minimum Variance.
Triticale and Barley rank the highest with respect to Expect Value criteria, but Oats and Barley dominate
based on risk avoidance criteria (Max-Min and Minimum Variance criteria). Rankings for
summer forage crops indicate that sorghum varieties ranked the highest for economic value.
However, the millet varieties rank higher with respect to the risk avoidance criteria. 
Length: 24 pages
Creation-Date: 2012-08
File-URL: http://ageconsearch.umn.edu/bitstream/132501/2/StaffPaper2012-2-AES.pdf
File-Format: Application/pdf
File-Function: Final version
Number: 12001
Classification-JEL: Q10
Keywords:alternative forage crops, risk managem
ent, case studies
Handle: RePEc:sda:staffp:120001

Template-Type: ReDIF-Paper 1.0
Author-Name:Scott Fausti
Author-X-Name-First: Scott
Author-X-Name-Last: Fausti
Author-Email: Scott.Fausti@sdstate.edu
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name: Zhiguang (Gerald) Wang
Author-X-Name-First:Zhiguang (Gerald)
Author-X-Name-Last: Wang
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name: Bashir Qasmi
Author-X-Name-First:Bashir
Author-X-Name-Last: Qasmi
Author-Workplace-Name: Department of Economics, South Dakota State University
Author-Name: Matt Diersen
Author-X-Name-First: Matthew
Author-X-Name-Last: Diersen
Author-Workplace-Name: Department of Economics, South Dakota State University
Title: Risk and Marketing Behavior: Pricing Fed Cattle on a Grid
Abstract:A seven year comparative study of grid pricing versus average pricing of slaughter cattle was conducted to evaluate carcass quality market signals. 
The primary objective of the study is to determine if market signals sent through the grid pricing system are encouraging producers to market on a grid and discouraging them to market by the pen. 
Two secondary objectives investigate: 1) if price risk associated with carcass quality uncertainty affects marketing decisions, and 2) if a change in price risk (volatility) affects producer marketing decisions. 
An EARCH-In-Mean modeling procedure adjusting carcass quality market signals to encourage marketing on a grid and discourage marketing by the pen. The inclusion of the conditional variance in the empirical model
 indicates that risk associated with carcass quality uncertainty is a potential barrier to adoption of the grid pricing system by producers was adopted. Empirical results suggest that the grid premium and discount structure is 
slowly adjusting in a manner that encourages marketing on a grid and discourages marketing by the pen at an average price.
Length: 28 pages
Creation-Date: 2012-07
File-URL: http://repec-sda.sdstate.edu/repec/sda/pdf/StaffPaper2012-1AES-Fausti.pdf
File-Format: Application/pdf
File-Function: Final version
Number: 12001
Classification-JEL: Q11, D40
Keywords: carcass quality, EARCH, grid pricing, price risk
Handle: RePEc:sda:staffp:120002

Template-Type: ReDIF-Paper 1.0
Author-Name:Michael Holbeck
Author-X-Name-First: Michael
Author-X-Name-Last: Holbeck
Author-Email: michael.holbeck@sdstate.edu
Author-Workplace-Name:South Dakota State University Finance and Business Department
Author-Name: David Chicoine
Author-X-Name-First:David
Author-X-Name-Last: Chicoine
Author-Workplace-Name: Department of Economics, South Dakota State University
Title: Optimizing University Managed Resources for South Dakota: A Simulation Approach
Abstract:A simulation analysis demonstrates the use of tuition as a policy tool to achieve financial independence among the six South Dakota public universities
under University Managed Resources (UMR). The simulation analysis maintains an overall environment of funding stability and is guided by horizontal equity, a concept from the economics of public 
finance that all entities of the same or similar situation are treated similarly. Financial independence is defined as an annual budgeting process with no reallocation of financial resources among or between
the six universities. For each of the three indicators of horizontal equity simulated, achieving financial independence also realized a convergence of base funding per state-support-tuition student full-time-equivalents (FTE) among the six universities.
Length: 35 pages
Creation-Date: 2011-11
File-URL: http://repec-sda.sdstate.edu/repec/sda/pdf/StaffPaper2011-3-Chicoine.pdf
File-Format: Application/pdf
File-Function: Final version
Number: 110001
Classification-JEL: I22
Keywords: university managed resources, simulation analysis, funding stability, horizontal equity, public finance
Handle: RePEc:sda:staffp:110001