Working Paper
Drought and Cattle: Implications for Ranchers
Rodziewicz, David; Dice, Jacob; Cowley, Cortney (2023-06-02)
Drought has occurred with greater intensity and frequency in many areas of the United States in recent years. Despite the growing concern surrounding the impacts of drought on the agricultural sector, few studies have quantified the impact of drought on the cattle industry. In this paper, we estimate the impacts of drought on cattle herd management, hay production, hay prices, and farm income in the United States from 2000 to 2022. Our results indicate that drought negatively impacts hay production and results in higher hay prices. Drought also contributes to herd liquidation and is ...
Research Working Paper , Paper RWP 23-06

Journal Article
Noteworthy: agriculture, Mexico, air traffic
anonymous (2014-04)
Southwest Economy , Issue Q2 , Pages 14-14

Working Paper
The Passthrough of Agricultural Commodity Prices to Food Prices
Scott, Francisco; Lusompa, Amaze; Rodziewicz, David; Cowley, Cortney; Dice, Jacob (2024-12-20)
Food inflation has been excluded from core measures of inflation under the reasoning that it is a phenomenon of the supply side of the economy, driven by stochastic supply shocks to agricultural production that can affect the availability of farm products and increase food price volatility. However, the share of food costs related to agricultural production has fallen over the years as food value chains have become more complex and food prices tied more closely to value added downstream in the supply chain. We calculate the magnitude and extension of agricultural price passthroughs to food ...
Research Working Paper , Paper RWP 24-16

Journal Article
The Outlook for Farmland Values amid Higher Interest Rates
Kauffman, Nathan; Cowley, Cortney (2019-04-10)
In 2018, the spread between returns to farmland owners and benchmark interest rates narrowed to its lowest level in more than a decade in the Tenth Federal Reserve District. At the same time, farmland sales increased in some states for the first time in several years. Together, the reduced spread and indications of increased sales in some regions suggest the potential for lower farmland values moving forward.
Economic Bulletin , Issue April 10, 2019 , Pages 3

Journal Article
Exploring Agriculture's Path to the Long Term: Agricultural Symposium 2019
Kansas City, Federal Reserve Bank of Kansas City (2019-07)
Economic Review , Issue Special Issue 2019 , Pages 1-101

Journal Article
Transitioning to the Long Term : Agricultural Symposium 2019
Gunderson, Michael A. (2019-07-01)
To be successful in the future, agricultural producers will need to take leadership as production conditions, the climate, and technologies evolve.
Economic Review , Issue Special Issue 2019 , Pages 85-101