Cattle as a consistently resilient agricultural commodity

Powell, Robert; Vo, Duc Hong; Pham, Thach N.

doi:10.1080/00036846.2019.1631441

Cited by 2 publications

(2 citation statements)

References 38 publications

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“…Previous studies show that agricultural supplies respond to price and non-price factors. As farmers have an incentive to allocate their resources to the most profitable crops, agricultural supplies will respond to price fluctuation of agricultural products (Powell et al, 2018(Powell et al, , 2019. On the other hand, non-price factors, such as rural infrastructure, access to credit, weather conditions and soil fertility can affect inputs, the efficiency, and yields of agricultural production (Thiele, 2000).…”

Section: Conceptual Frameworkmentioning

confidence: 99%

Sustainable agriculture & energy in the U.S.: A link between ethanol production and the acreage for corn

Vo¹

2020

Economics &Amp; Sociology

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The world has been witnessing the dual crises from the Covid-19 pandemic since 2019: (i) the economic crisis; and (ii) the health crisis. During crisis, it is important to revisit the sustainability of two of the most important policies on agriculture and energy for any country. Corn has played an increasingly important role in the U.S. agricultural market. As of 2018, corn accounts for about 95 per cent of the U.S. total feed grain. As such, corn is generally placed at the centre of the policies on agriculture in the U.S. The primary reason for the rise in corn production and use is due to the expansion of ethanol production. This expansion pushes corn prices to increase and provides an incentive for people to enlarge corn acreage. In addition, ethanol production has rapidly expanded over the last few decades in the U.S. Corn ethanol is expected to be a viable alternative for oil. We consider that the expansion of ethanol and corn production has many consequences. Corn price and the prices of many agricultural commodities have dramatically increased during the last decade. In this paper, the Auto Regressive Distributed Lags (ARDL) technique together with the bounds test and the estimation of short-run and long-run elasticity are utilized for the 1980-2018 period using the U.S. data. Empirical results from our paper confirm the long-run relationships between corn used in ethanol and the acreage for corn. In addition, results from our analyses support the view that the expansion of corn ethanol is a key reason behind the increase in corn acreage. We also consider that the increase in demand for corn used in ethanol production is more likely to affect the acreage. This finding implies the important role of ethanol production and expansion in the change of land use in the U.S.

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Section: Conceptual Frameworkmentioning

confidence: 99%

Sustainable agriculture & energy in the U.S.: A link between ethanol production and the acreage for corn

Vo¹

2020

Economics &Amp; Sociology

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“…Smallholder farmers in sta Province usually sell beef cattle for education costs (7.50%), health costs (4.35%), to meet daily needs (63.53%), family party costs (3.41%), religious ceremonies (0.41%), and other purposes (20.80%) (Statistics Indonesia 2014). Cattle is an agricultural commodity that is resilient in various economic conditions due to low volatility and higher-than-average agricultural commodities returns (Powell et al 2019). Therefore, cattle are considered suitable as an investment for smallholder farmers.…”

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confidence: 99%

Utilization of farmer priority on local beef cattle development strategy in Central Java, Indonesia

Agustine

Muzayyanah²,

Putra³

et al. 2023

Biodiversitas

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Abstract. Agustine R, Muzayyanah MAU, Putra ARS, Baliarti E. 2023. Utilization of farmer priority on local beef cattle development strategy in Central Java, Indonesia. Biodiversitas 24: 508-515. Indonesian local beef cattle, Peranakan Ongole (PO), is essential cattle breed predominantly raised by smallholder farmers in Central Java Province. Although it is generally perceived that raising PO cattle is not a regular source of income for the majority of farmers, however, there are few specific studies investigating the aspects and motives of farmers to keep their cattle. Therefore, this study is designed to explore the perspective of farmers leaders in Central Java, Indonesia, toward the priority aspects of raising PO cattle for their livelihoods. We selected Blora, Klaten, Grobogan, and Rembang as representatives of the study involving 29 farmers leaders with at least ten years of experience. Analytic Hierarchy Process was employed as a decision-making instrument to understand better various aspects used by PO cattle farmers. The results show that farmers consider investment function as their primary goal in raising PO cattle in all study areas. Then, farmers consider reproduction performance as the top priority aspect. In conclusion, the study revealed that smallholder farmers consider reproductive ability as a priority due to farmers make the investment function the main goal in raising PO cattle. Therefore, we recommended that farmers improve their knowledge regarding cows' reproduction through extension workers' assistance. Certainty on the PO cattle's selling price is needed so that raising PO cattle is feasible as an investment and stimulates the interest of farmers raising PO cattle.

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Cattle as a consistently resilient agricultural commodity

Cited by 2 publications

References 38 publications

Sustainable agriculture & energy in the U.S.: A link between ethanol production and the acreage for corn

Sustainable agriculture & energy in the U.S.: A link between ethanol production and the acreage for corn

Utilization of farmer priority on local beef cattle development strategy in Central Java, Indonesia

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