Agricultural Economics Department
First Advisor
Jay Parsons
Second Advisor
Elliot Dennis
Date of this Version
Spring 5-2021
Document Type
Thesis
Citation
A thesis presented to the faculty of the Graduate College at the University of Nebraska in partial fulfillment of requirements for the degree of Master of Science
Major: Agricultural Economics
Under the supervision of Professors Jay Parsons and Elliott J. Dennis
Lincoln, Nebraska, May 2021
Abstract
This thesis is the work of Logan Kalkowski with assistance and direction from the University of Nebraska-Lincoln and advisors Jay Parsons and Elliott J. Dennis. This thesis is divided into three chapters. The first chapter of this thesis investigates years of research and data collection from multiple agencies to find connections to reasoning for producers to choose marketing and diversification tools used in their operation.
The second chapter examines cow-calf marketing and risk management practices in Nebraska. Marketing and risk management behavior are examined by using the University of Nebraska-Lincoln Cow-calf survey data collected in 2016. The survey captures characteristics of operations and their use of marketing and risk management practices. While it is important to understand what operations are doing currently, it is also important to understand what options are available to these producers in the marketplace. This chapter explains the marketing and risk management options available to cattle producers.
The third chapter of this thesis examines the relationship between producer characteristics and use of market strategies. This is examined because of the importance of market timing and location when making decisions to retain or sell livestock. This chapter uses a multinomial logit model to examine four modes of action discussed in chapter two. The four modes of action are grouped by how individuals responded to specific marketing questions and are examined to see if there are similarities in the operations connected to each mode.
Advisors: Jay Parsons, Elliott J. Dennis
Comments
Copyright © 2021, Logan A. Kalkowski