scholarly journals The Opportunity Cost of Protecting Cropping History

1972 ◽  
Vol 4 (1) ◽  
pp. 209-213
Author(s):  
R. Lynn Harwell ◽  
P. Leo Strickland

Farmers are continually faced with the necessity to make farm management decisions which have economic consequences. Often the situation occurs wherein the farmer has little information upon which to base a decision. The situation may be forced on the farmer so that a no action decision also has economic importance. Also, as is the case in a dynamic society, a decision made now can have repercussions in years to come.For many years, some type of government farm program has been in effect for many farm commodities. Most of these programs have been designed so that a farmer's decision to participate could be made on a year to year basis. Production decisions could be made independently with a decision not to participate in a given year having no effect on the choice or level of participation available in subsequent years.

2017 ◽  
Author(s):  
Donald G. MacDiarmid ◽  
Sean J. Korney ◽  
Melanie Teetaert ◽  
Julie J.M. Taylor ◽  
Robert Martz ◽  
...  

Rights of first refusal and other preferential or pre-emptive rights (together, ROFRs, and individually a ROFR) routinely find their way into oil and gas industry agreements. Disputes often arise because of the complex nature and significant economic consequences of ROFRs. In recent years, a number of reported cases, either relating directly to ROFRs or more generally relating to contractual interpretation, have clarified (or at times muddied) the waters surrounding the use, application, and interpretation of ROFRs. However, most ROFR disputes never result in a reported decision because the parties typically negotiate solutions long before trial.The authors consider current trends involving ROFRs in oil and gas agreements, and how they believe the law and legal practice surrounding ROFRs might continue to evolve in the years to come. The authors do not attempt to rehash the fundamentals of the law surrounding ROFRs; instead, they focus on how the courts have dealt with ROFRs in recent cases as well as how corporate lawyers and in-house counsel grapple with ROFRs day-today. The authors utilize the ROFR provisions found in industry standard contracts to analyze outstanding areas of uncertainty as well as what lawyers should contemplate prior to including a ROFR in an agreement. Additionally, the article examines the implications of recent rulings on the duty of good faith that may affect ROFRs. Finally, the article considers selected subjects of topical interest, including ROFRs in the context of busted butterfly transactions, insolvency proceedings, and package deals.


1973 ◽  
Vol 5 (2) ◽  
pp. 155-163 ◽  
Author(s):  
James W. Richardson

Environmentalists attack agricultural pesticides because of adverse drift effects during application, run-off into streams and persistence in the environment. The Environmental Protection Agency (EPA) has banned DDT and currently is considering cancellation of its registration of mirex, 2,4,5,-T, and dieldrin.Emotionalism rather than economics appears to be guiding environmental groups in their fight against pesticides. As agriculture's pesticide use comes under more and more pressure from the public, U.S. farm programs are likely to come under attack because they may have encouraged farmers to substitute pesticides for cropland. The “farm program” for the past decade has restricted acres planted and supported prices of agricultural products. Acreage controls encourage farmers to substitute variable inputs for limited cropland to take advantage of support prices.


Antiquity ◽  
1948 ◽  
Vol 22 (87) ◽  
pp. 116-130 ◽  
Author(s):  
Grahame Clark

Fowling has seldom played a part in the food-quest at all comparable with that of hunting or fishing : the situation of St. Kilda, where during the 17th century the 180 inhabitants are held by Martin (1) to have consumed annually some 22,600 Solan Geese (Gannets) and of which the Rev. Macaulay exclaimed in 1758 ‘. . . deprive us of the Fulmar, and St. Kilda is no more (2)’, is an exception which only proves the general rule. Yet, we know that birds helped to vary the diet of most of the communities of prehistoric Europe and that catching them was an activity of economic importance, especially at certain seasons of the year. The only scientific way of estimating the part played by fowling in the economy of any prehistoric group is through an accurate knowledge of the total fauna represented in the food debris, with special regard to the relative proportions of the different species. While this is too seldom available, there is in the aggregate sufficient data to show how far prehistoric man depended on fowling to supply himself with food. As to the methods used, direct evidence of this is all the harder to come by, since these were mainly of a kind to leave little or no tangible trace behind them. Throughout prehistoric times fowling remained at a primitive stage of development, but fortunately the methods used still survived in Europe down to modern times and most are still practised to-day, whether among peasant peoples in the remoter parts of the continent or among poachers nearer home.


2021 ◽  
Vol 48 (4) ◽  
pp. 24-31
Author(s):  
E. S. Apata ◽  
O. E. Fashina ◽  
G. A. Adeleke ◽  
B. G. Otaki ◽  
K. O. Adeyemi ◽  
...  

Coronavirus had been in existence for many years, but its effects has not been so evident as the whole world experienced recently. It represents an unprecedented emergency and grave societal threat. The better way to cure the emergence disease is by protecting public health. However, governments, policy makers and the international community must quickly need to act, recognize and attempt to mitigate the negative impacts (current and potential) of the pandemic and related response efforts on key sectors that contribute to food security, nutrition and livelihoods. The livestock sector is a key contributor to these areas, especially for the world's most vulnerable populations. In the light of recent challenges in food supply chain, there is now considerable concern about the food production, processing, distribution, and demand. COVID-19 resulted in the movement restrictions of workers, changes in demand of consumers, closure of food production facilities, restricted food trade policies and financial pressures in food supply chain. The effects of COVID-19 on the livestock sector are still largely unquantified and yet to be fully felt. Formal assessments have not yet been possible, but current observations reveal disruptions to livestock value chains. Lessons from past epidemics indicate these disruptions are likely to grow, along with their dire, socio- economic consequences. Moreover, considering the doubt on how these factors will play out in various areas affected especially meat processing and distribution in the years to come from the bulk of discussion in this review.     Le coronavirus existait depuis de nombreuses années, mais ses effets n'ont pas été aussi évidents que le monde entier l'a récemment expérimenté. Cela représente une urgence sans précédent et une grave menace pour la société. La meilleure façon de guérir la maladie émergente est de protéger la santé publique. Cependant, les gouvernements, les décideurs et la communauté internationale doivent rapidement agir, reconnaître et tenter d'atténuer les impacts négatifs (actuels et potentiels) de la pandémie et des efforts de riposte connexes sur les secteurs clés qui contribuent à la sécurité alimentaire, à la nutrition et aux moyens de subsistance. Le secteur de l'élevage est un contributeur clé dans ces domaines, en particulier pour les populations les plus vulnérables du monde. À la lumière des défis récents de la chaîne d'approvisionnement alimentaire, la production, la transformation, la distribution et la demande des aliments suscitent désormais des i nquiétudes considérables. Le COVID-19 a entraîné des restrictions de mouvement des travailleurs, des changements dans la demande des consommateurs, la fermeture des installations de production alimentaire, des politiques commerciales restreintes et des pressions financières dans la chaîne d'approvisionnement alimentaire. Les effets du COVID-19 sur le secteur du bétail sont encore largement non quantifiés et ne sont pas encore pleinement ressentis. Les évaluations formelles n'ont pas encore été possibles, mais les observations actuelles révèlent des perturbations dans les chaînes de valeur de l'élevage. Les leçons des épidémies passées indiquent que ces perturbations sont susceptibles de se développer, ainsi que leurs conséquences socio- économiques désastreuses. De plus, la prise en compte du doute sur la manière dont ces facteurs joueront dans divers domaines touchés, en particulier la transformation et la distribution de la viande dans les années à venir, constitue l'essentiel de la discussion dans cette revue.


2021 ◽  
pp. 111-116
Author(s):  
Maurits Kaptein

AbstractBy Wednesday, July 22, 2020, the coronavirus had killed over 611,000 people and infected over fourteen million globally. It devastated lives and will continue to do so for a long time to come; the economic consequences of the pandemic are only just starting to materialize. This makes it a challenging time to write about the new common. However, we need to start somewhere. At some point, we need to reflect on our own roles, the roles of our institutions, the importance of our economy, and the future fabric of everyday life. In this chapter, I will discuss one minor—and compared to the current crisis seemingly inconsequential—aspect of the new common: I will discuss my worry that we are on the verge of missing the opportunity to properly (re-)define the role of the sciences as we move from our old to our new common.


2020 ◽  
Vol 12 (3) ◽  
pp. 1
Author(s):  
Gilles Paché

Half of humanity experienced an unprecedented situation of lockdown during the Covid-19 pandemic of 2020. The sharp slowdown in trade and the shutdown of entire industrial and commercial sectors had major economic consequences, with a historic collapse in household consumption, particularly in Europe. One country after another decided to gradually organize a lockdown exit, taking into account the heavy health constraints involved. This lockdown exit, and the resulting boom of trade, is likely to come up against a major disruption of supply chains, which needs to be evaluated now. The research note proposes an exploratory reflection on a unique situation since the WW II, and the logistical implications of what can be called the “day after” the Covid-19 pandemic. In order to limit serious disorders in product flow monitoring, the question of a moderate rhythm of lockdown exit and economic recovery is raised.


Author(s):  
Abdel K. Halabi ◽  
Brendan Carroll

Purpose – The purpose of this paper is to examine how farm management and farm accounting may be improved from the accountant’s perspective. Design/methodology/approach – There has been a dearth of qualitative studies examining accountant’s attitudes to financial reports. This study therefore interviews 13 rural accountants regarding their opinions on the usefulness of financial information they provide to farmers, and what types of financial information could aid farm management. Findings – Accountants generally agree that the present financial reports provided to farmers are of little decision-making value, since they are made for the purposes of compliance. In response, the accountants suggest a number of management accounting reports can better aid farmers. Practical implications – Accountants are important to the success of farms, yet in-depth responses have not previously been sought on the reports that accountants produce for farmers. This research provides accountants’ opinions on how reports could be more useful for farmers and how more focused management accounting reports can assist decision-making. Originality/value – The qualitative approach used in this research provides a fresh and richer perspective on the usefulness of accounting to farm management. Interviewing the adviser rather than the business owner is relatively uncommon in agricultural organisations. The interviews have allowed the thoughts and concerns of accountants to come to light in a manner not previously achieved in organisational studies which relate farming and accounting.


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