Showing posts with label Agriculture. Show all posts
Showing posts with label Agriculture. Show all posts
Wednesday, August 17, 2016

Market for Irish Cattle---Change in Quantity Supplied vs Change in Supply

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One of the most frustrating things to teach AND learn in a basic microeconomics class is the difference between a change in Quantity Demande...
Wednesday, August 27, 2014

Fuel for Food in the Upper Mid-West. Caught in the Opportunity Cost trap.

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The allocation of scarce railroad track from the transport of food to fuel has created a costly consequence for agricultural interests. The...
Friday, August 1, 2014

It takes a nation to stockpile this much ethanol. No lie. It literally takes a nation. Find out which one here.

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US ethanol stocks soar to 16-month high: EIA US ethanol stocks rose 647,000 barrels to a 16-month high of 18.587 million barrels in the w...

Corn killed Bubba Gump Shrimp. "That's all I have to say about that". See how here.

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Source: Big Picture Agriculture Kay MacDonald over at Big Picture Agriculture has this graphic showing the "Dead Zone" in...
Thursday, June 19, 2014

Ever wonder how farmers get paid for not planting crops? Here is my explanation as it pertains to the new farm bill. Enlightening...

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I have been semi-immersing myself in learning about the new Farm Bill that was recently passed and signed into law that will dictate US farm...
Friday, June 13, 2014

Corn, Wheat and Soybeans OH MY! I calculate "Economic Profit" for each. See which one gets planted.

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In my last posting ( HERE ) I used USDA cost and crop yield data to show the different costs per bushel a farmer faces when choosing to pro...
Friday, May 16, 2014

Where's the Beef? No, seriously, where is the beef!!

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Here is a look at the past, present and future of the Supply Side of the meat industry. This data is from the USDA ERS  for the years 2013, ...
Thursday, May 15, 2014

GUESS FIRST! Which State produces almost half of all rice grown in the US?? Ok, now you can read on...

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After attending my daughters graduation from Texas A&M (economics!!) we drove from College Station to our home in the Columbus, Ohio are...
Monday, May 5, 2014

PPF illustration with maps of Corn and Soybean acreage. Nice real life example.

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In the first week of an introductory Economics students encounter the Production Possibilities Frontier (PPF) as the first formal model used...
Wednesday, July 25, 2012

Side by side comparison of drought conditions---today and 1934, a Dust Bowl year....

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Here are side by side comparisons of drought conditions today and 1934, a Dust Bowl year. A stark reminder of how bad the conditions rea...
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