Economic Analysis of Ginseng Based Forest Farming: a Sustainable Income Diversification Opportunity for Forest Landowners

While American ginseng is a complicated opportunity for forest farmers to understand, within these production systems there are many opportunities and constraints linked to production of ginseng. There are different market demands and prices paid for the various grades of dried roots depending on the system used to cultivate the plant. This study reviewed the unique benefits of producing ginseng, opportunities for forest farmers, the potential profits, as well as financial risks. The study focused on two common ginseng production systems in the southeastern region of the U.S. The specific objective of the paper is to assess economic returns of producing ginseng under different production systems. The Monte Carlo simulation was performed to analyze the profitability and risks associated with producing ginseng and performed sensitive analysis to determine the effect of uncertainty variables such as production costs, yield, and price of product on economic feasibility.

Could more innovation output bring better financial performance? The role of financial constraints

Innovation scholars highlight the economic benefits to firms, while research findings on the relationship between innovation output and economic returns remain mixed. In this study, we develop the profiting from innovation (PFI) framework and address the crucial role of financial constraints in the relationship between innovation output and financial performance. We argue that the liability of newness differentiates firms’ financial performance during the commercialization of innovation, leading to a U-shaped relationship between firms’ innovation output and financial performance. We further document the moderating impact of individual financial constraints (IFC) and market-based financial constraints (MFC) on this curvilinear relationship. Empirical tests based on the 142,972 firm-year observations of the multi-source dataset of Chinese manufacturing firms from 1999–2009 support our hypotheses. The additional analysis shows that non-state-owned enterprises and small and medium enterprises benefit more from the synergistic effect of reductions of IFC and MFC than state-owned enterprises and large firms. Our study enriches the literature of the PFI framework by uncovering the mechanism between innovation output and economic returns where financial constraints play an essential role. To the best of our knowledge, we are among the first to investigate the processes and mechanisms between innovation output and financial performance, generating novel insights for business practitioners and policymakers.

Evaluation of blended fertilizer rates for improving production of food barley (Hordeum vulgare L.) in Semen Ari District, Southwestern Ethiopia

Depletion of soil fertility, depletion of macro- and micro-nutrients and soil organic matter and inappropriate and imbalanced fertilizer application are among the most important factors that reduces the food barley production in Ethiopia. Therefore, the experiment was conducted to evaluate NPSB blended fertilizer rate effect on improving production of food barley in Semen Ari District, Southwestern Ethiopia during main cropping season. Control, (142 NPS + 159 Urea) kg ha-1, (150 NPSB + 41 Urea) kg ha-1, (200 NPSB + 72 Urea) kg ha-1, (250 NPSB + 102 Urea) kg ha-1 and (100 NPSB + 161 Urea) kg ha-1 treatments were used for the experiment which laid out in RCBD following three replication with spacing of 20 cm between rows; and HB 1307 improved food barley seeds were drilled on prepared rows. Full dose of blended and potassium fertilizers were applied at planting time and urea was applied in two split. The result revealed that food barley responded well to application of N, P, S and B than the unfertilized one. Application of 100 kg ha-1 NPSB + 161 kg ha-1 Urea resulted in highest grain yield of 3806.3 kg ha-1, while the lowest grain yield of 1939.2 kg ha-1 was recorded from the nil. Moreover, the highest net benefit of 32124.56 ETB ha-1 and economic returns of 942.2% was recorded in response to application of 100 kg ha-1 NPSB + 161 kg ha-1 Urea. Application of 100 kg ha-1 NPSB + 161 kg ha-1 Urea gave 49.05% yield increment and 40.24% increment in economic return over the control. Therefore, we recommend application of 100 kg ha-1 NPSB + 161 kg ha-1 Urea for farmers and investor’s in study area and similar agro-ecologies as it was optimum for improving food barley production. Further studies and investigation should be done on plant nutrient uptake, nutrient use efficiency and over location. Int. J. Agril. Res. Innov. Tech. 11(2): 10-17, Dec 2021

Current Perspectives on Achieving Pronounced Enteric Methane Mitigation From Ruminant Production

Limiting global warming to 1.5°C above pre-industrial levels by 2050 requires achieving net zero emissions of greenhouse gases by 2050 and a strong decrease in methane (CH4) emissions. Our aim was to connect the global need for mitigation of the emissions of greenhouse gases and enteric CH4 from ruminant production to basic research on the biological consequences of inhibiting rumen methanogenesis in order to better design strategies for pronounced mitigation of enteric CH4 production without negative impacts on animal productivity or economic returns. Ruminant production worldwide has the challenge of decreasing its emissions of greenhouse gases while increasing the production of meat and milk to meet consumers demand. Production intensification decreases the emissions of greenhouse gases per unit of product, and in some instances has decreased total emissions, but in other instances has resulted in increased total emissions of greenhouse gases. We propose that decreasing total emission of greenhouse gases from ruminants in the next decades while simultaneously increasing meat and milk production will require strong inhibition of rumen methanogenesis. An aggressive approach to pronounced inhibition of enteric CH4 emissions is technically possible through the use of chemical compounds and/or bromoform-containing algae, but aspects such as safety, availability, government approval, consumer acceptance, and impacts on productivity and economic returns must be satisfactorily addressed. Feeding these additives will increase the cost of ruminant diets, which can discourage their adoption. On the other hand, inhibiting rumen methanogenesis potentially saves energy for the host animal and causes profound changes in rumen fermentation and post-absorptive metabolism. Understanding the biological consequences of methanogenesis inhibition could allow designing strategies to optimize the intervention. We conducted meta-regressions using published studies with at least one treatment with >50% inhibition of CH4 production to elucidate the responses of key rumen metabolites and animal variables to methanogenesis inhibition, and understand possible consequences on post-absorptive metabolism. We propose possible avenues, attainable through the understanding of biological consequences of the methanogenesis inhibition intervention, to increase animal productivity or decrease feed costs when inhibiting methanogenesis.

Does adherence to a quality indicator regarding early weaning from invasive ventilation improve economic outcome? A single-centre retrospective study

ObjectivesTo measure and assess the economic impact of adherence to a single quality indicator (QI) regarding weaning from invasive ventilation.DesignRetrospective observational single-centre study, based on electronic medical and administrative records.SettingIntensive care unit (ICU) of a German university hospital, reference centre for acute respiratory distress syndrome.ParticipantsRecords of 3063 consecutive mechanically ventilated patients admitted to the ICU between 2012 and 2017 were extracted, of whom 583 were eligible adults for further analysis. Patients’ weaning protocols were evaluated for daily adherence to quality standards until ICU discharge. Patients with <65% compliance were assigned to the low adherence group (LAG), patients with ≥65% to the high adherence group (HAG).Primary and secondary outcome measuresEconomic healthcare costs, clinical outcomes and patients’ characteristics.ResultsThe LAG consisted of 378 patients with a median negative economic results of −€3969, HAG of 205 (−€1030), respectively (p<0.001). Median duration of ventilation was 476 (248; 769) hours in the LAG and 389 (247; 608) hours in the HAG (p<0.001). Length of stay (LOS) in the LAG on ICU was 21 (12; 35) days and 16 (11; 25) days in the HAG (p<0.001). LOS in the hospital was 36 (22; 61) days in the LAG, and within the HAG, respectively, 26 (18; 48) days (p=0.001).ConclusionsHigh adherence to this single QI is associated with better clinical outcome and improved economic returns. Therefore, the results support the adherence to QI. However, the examined QI does not influence economic outcome as the decisive factor.

Economic Analysis of Parawilt Management in Bt-Cotton (Gossypium hirsutum L.) in Mansa District of South-western Punjab, India

Parawilt characterized by a sudden drooping of leaves followed by death of plants withinfew hours after rainfall or heavy irrigation has been the major physiological disorder affectingproductivity of Bt-Cotton (Gossypium hirsutum L.). We studied the effect of foliarapplication of cobalt chloride (@10 mg L-1 water) within 24-36 hours after appearance ofsymptoms on recovery rate, seed cotton yield and economics at farmers’ fields in Mansadistrict of south-western Punjab. The results of front line demonstrations revealed thatfoliar application of cobalt chloride resulted in significantly (p<0.05) higher seed cottonyield by ~9.1 per cent, compared with the control (no-spray). The mean gross returns(MGRs) increased significantly by Rs. 9620/- ha-1 in the demonstration plots. The higherbenefit-cost (B:C) ratio of 2.38 was observed for the demonstration plots, against 2.15 forthe control (no-spray). The foliar application of cobalt chloride resulted in higher averageproduction efficiency of 1.1 kg seed cotton yield ha-1 d-1 and average economic efficiencyof Rs. 65.7 ha-1 d-1, compared with the control. These results therefore, revealed that farmerscan effectively manage parawilt in Bt-cotton using foliar application of cobalt chloride andmay increase seed cotton yield and economic returns.

FERTILISATION SOURCE AND DOSE OPTIMISATION BOOST YIELD OF DURUM WHEAT IN MEDITERRANEAN CLIMATIC CONDITIONS

Climate change, global warming, environmental pollution, greenhouse gas emissions from agricultural fields, stagnant wheat yields and reduced farm economic returns require optimisation of sources and doses of plant nutrients. A field study was conducted to evaluate wheat response to different forms of fertilisers and nitrogen (N) doses under Mediterranean conditions. The field trial was comprised of fertiliser sources, including chemical fertilisers, compost and leonardite, while different nitrogen levels (0, 80, 160, 240 kg ha-1) were also tested. The experimental variables included yield attributes (height of the, length of the spike, spikelets number per spike, thousand-grain weight and grain yield). In addition, nutritional quality attributes like protein and starch contents were studied along with NDVI values of wheat under different fertilisation regimes. The trial was executed using a randomised complete block (factorial) design using four replications. The results revealed that fertiliser forms and N doses remained ineffective for boosting yield attributes of wheat. For nutritional characteristics of wheat grains, a higher N dose remained instrumental in boosting protein, starch and wet gluten contents. Thus, 240 kg ha-1 of N dose might be recommended for general adoption under Mediterranean conditions; however, study findings are limited in scope and further in-depth studies are needed by testing organic manures from plant and animal origins.