Impact of reproductive efficiency over time and mare financial value on economic returns among Thoroughbred mares in central Kentucky

Reason for performing study: There have been no studies reporting the impact of reproductive efficiency and mare financial value on economic returns. Objective: To explore the economic consequences of differences in reproductive efficiency over time in the Thoroughbred mare. Methods: Complete production records for 1176 mares were obtained. Production history and drift in foaling date were calculated. Multiple logistic regression was used to identify factors influencing the probability of producing a registered foal in 2005. The ‘net present value’ and ‘internal rate of return’ were calculated for economic scenarios involving different initial mare financial values, levels of reproductive efficiency, and durations of investment. Results: Among mares that did not produce a foal every year (63%), the mean time before failing to produce a registered foal was 3.4 years. The majority of mares drifted later in their foaling dates in subsequent foaling seasons. Increasing mare age, foaling after 1st April, needing to be mated multiple times during the season, and producing a lower number of foals in continuous sequence during previous years decreased the probability of producing a registered foal. Over a 7 year investment period, live foals must be produced in all but one year to yield a positive financial return. Profitability was highest among mares of greatest financial value. Conclusions: Mares are long‐term investments due to the extended period before there is a return on the investment. Improving our understanding of mare, stallion and management factors that affect the likelihood of producing a live foal are critical to ensuring a positive financial return. Additional work is needed to test the robustness of the study's conclusions when the cost and revenue assumptions are varied. Potential relevance: This information can assist in assessing mare profitability and developing management strategies to maximise profitability.     

Cage culture of sutchi catfish, Pangasius sutchi (Fowler 1937): effects of stocking density on growth, survival, yield and farm profitability

The sutchi catfish, Pangasius sutchi (Fowler 1937) was grown at 10 stocking densities in cages suspended in a river‐fed channel during the summer of 2000. Catfish fingerlings (mean length 9.1–9.7 cm and mean weight 5.9–6.7 g) were stocked at densities of 60, 70, 80, 90, 100, 110, 120, 130, 140 and 150 fish m^?3. After 150 days, growth and yield parameters were studied and a simple economic analysis was carried out to calculate profitability. The mean gross yield ranged from 15.6±0.27 to 34.5±0.44 kg m^?3 and the net yield ranged from 15.2±0.22 to 33.5±0.36 kg m^?3 and showed significant variations (P<0.05). The mean weights of fish at harvest were inversely related to stocking density. Both gross and net yields were significantly different and were directly influenced by stocking density but the specific growth rate, survival rate and feed conversion rate were unaffected. Higher stocking density resulted in higher yield per unit of production cost and lower cost per unit of yield. The net revenue increased positively with increasing stocking density. A density of 150 fish m^?3 produced the best production and farm economics among the densities tested in this experiment.     

巧记盈利能力指标研究

在不同的教材中盈利能力的计算公式有很多种类,在计算的过程中,指标的名称、具体计算公式都不尽相同。笔者从三个角度对盈利能力指标进行分类,然后根据这些指标的通用计算公式,利用指标名称推导出计算公式,帮助大家去理解记忆相关指标。     

Influence of Sesbania Brown Manuring and Rice Residue Mulch on Soil Health,Weeds and System Productivity of Conservation Rice–Wheat Systems

The sustainability of rice–wheat cropping system (RWCS) is threatened by increasing labor, water, and energy crises in the region. Conservation RWCSs offers an ecofriendly alternate option. This study was aimed to evaluate the impact of sesbania brown manuring in direct‐seeded aerobic rice (DSAR) and of rice residue mulch in no‐tilled wheat (NTW) on soil health, weed dynamics and system productivity. The experiment was composed of five RWCS systems: (i) DSAR‐NTW; (ii) DSAR + sesbania brown manuring‐NTW; (iii) DSAR‐NTW + rice residue mulch; (iv) puddled transplanted flooded rice (PudTR)‐NTW; and (v) PudTR‐plow‐tilled wheat. Sesbania brown manuring in direct‐seeded rice decreased the weed density and dry biomass 41–56% and 62–75%, respectively, than the sole direct‐seeded rice crop. At rice harvest, better soil health, in terms of total nitrogen (N), soil organic carbon, soil microbial biomass carbon, and soil microbial biomass nitrogen, was noted with DSAR + sesbania brown manuring‐NTW. Rice residue mulch retention in NTW decreased weed density and dry weight by 60 and 69%, respectively, than those under NTW with no mulch. At wheat harvest, highest total N, soil organic carbon, and soil microbial biomass carbon were recorded with DSAR‐NTW + rice residue mulch, followed by DSAR + sesbania brown manuring‐NTW. Overall, NTW grown after DSAR + sesbania brown manuring produced more grain yield than PudTR‐NTW and PudTR‐plow‐tilled wheat systems. In conclusion, sesbania brown manuring in DSAR and residue mulch retention in NTW may be opted to improve soil properties, suppress weeds, and to harvest better grain yield and achieve higher system productivity in conservation RWCSs. Copyright © 2016 John Wiley & Sons, Ltd.     

On-Farm Participatory Technology Development Effects on Resource Conservation Technologies in Rainfed Upland Paddy in Himachal Pradesh,India

Rice is a major cereal crop in Himachal Pradesh, a Himalayan state of India, where paddy acreage is about 78,000 ha with a low average yield of 19.62 q ha^?1 due to rainfed upland farming. High seeding rates and poor resource-use efficiency of conventional fertilizer nitrogen (N) management practices in rainfed upland paddy have also been major production constraints in rainfed upland ecosystems. To validate and refine the production technology on seed rate and fertilizer N management, the Farm Science Centre, Sundernagar, India, conducted numerous on-farm trials (OFTs) during 2006–2010 under an on-farm participatory technology development approach to enhance resource use efficiency through these resource conservation technologies and boost the paddy productivity in the region. Results of two OFTs conducted during Kharif 2006 in the Mandi District of Himachal Pradesh on different seed rates under different sowing methods on VL Dhan-221 and Sukaradhan-1 (HPR-1156) cultivars suitable for rainfed upland conditions revealed that the seed rate at 80 kg ha^?1 sown in rows 20 cm apart resulted in the greatest average paddy productivity to the tune of 25.6 q ha^?1 besides greater profitability, followed by a seed rate at 60 kg ha^?1 sown in rows 20 cm apart (25.2 q ha^?1), over the earlier State Agricultural University (SAU)–recommended practice, that is, seed rate at 100 kg ha^?1 in rows 20 cm apart. This refinement in the seed rate was accepted by the participating farmers of the region. The greatest average benefit/cost (B/C) ratio was observed in plots with seed rate at 60 kg ha^?1 sown in rows 20 cm apart. Based on these results and data compilation from other locations of the state, now the SAU has refined the seed rate from earlier recommendation of 100 kg ha^?1 to 60 kg ha^?1 in rows 20 cm apart as well as 80 kg ha^?1 through broadcast method under rainfed upland paddy in Himachal Pradesh. Results of two OFTs conducted during Kharif 2009 on integrated nutrient management in rainfed upland paddy revealed that farmyard manure (FYM) at 10 t ha^?1 + nitrogen, phosphorus, and potassium (N, P, K) at 15:30:30 kg ha^?1 at sowing followed by 15 kg N ha^?1 15 days after sowing (DAS) and remaining the N [i.e., 30 kg N ha^?1] at tillering (45–50 DAS) resulted in the greatest grain yield of 29.85 and 31.67 q ha^?1 in VL Dhan-221 and HPR-1156, respectively, with respective greater yields of 35.99 and 36.51% over farmers’ practice, besides better profitability. To further standardize fertilizer N split doses and assess their effect on paddy productivity, another OFT was conducted during Kharif 2010 under rainfed upland paddy conditions in HPR-1156. The results revealed that NPK at 60:30:30 kg ha^?1 (whole of P and K as basal, 50% N at 15 DAS, 25% N each at 45–50 DAS and 70–75 DAS splits) resulted in better grain yield (34.3 q ha^?1) and net profitability (?29,786 ha^?1) over other treatments. Overall, it is concluded that these resource conservation technologies developed under the OFT participatory approach can enhance the rainfed upland paddy productivity and strongly show that there is dire need to split the N requirement of rainfed upland paddy in 2–3 splits to reduce the fertilizer N losses, enhance resource-use efficiency, and increase productivity and profitability in Himachal Pradesh, India.     

AM fungi lead to fertilizer phosphorus economy and enhanced system productivity and profitability in okra (Abelmoschus esculentus L.)–pea (Pisum sativum L.) cropping system in Himalayan acid Alfisol

The present investigation was carried out at CSK Himachal Pradesh Agricultural University, Palampur, Himachal Pradesh, India, during 2009–2011 to economize inorganic phosphorus (P) and enhance profitability of okra (Abelmoschus esculentus)–pea (Pisum sativum) cropping system through arbuscular mycorrhizal fungi (AMF). A field experiment was replicated thrice in a randomized block design comprising 14 treatments involving AMF (Glomus mosseae) at varying inorganic P (50%, 75%, and 100% of recommended soil test-based P dose) and irrigation regimes (40% and 80% available water capacity] in a Himalayan acid Alfisol. In okra, AMF inoculation at varying P and irrigation regimes registered higher P response ratio (PRR), net returns (10–18%), and benefit:cost (B:C) ratio (17–49%) compared to “generalized recommended P dose (GRD)” and their non-AMF counterparts. Similarly in pea, AMF inoculation at varying P and irrigation regimes again registered higher PRR, net returns (14–23%), and B:C ratio (10–58%) compared to GRD and non-AMF counterparts. Higher system productivity (7–16%) and profitability in terms of net returns (9–23%) and B:C ratio (10–54%) were also registered in AMF-imbedded treatments compared to non-AMF counterparts. Further, “AMF + 75% soil test-based P dose” at either of these irrigation regimes registered statistically similar okra–pea system productivity and profitability as that obtained under “100% soil test-based P dose” at either of two irrigation regimes, thus indicating an economy of soil test-based applied P dose by about 25%. Overall, the current study suggests that practice of AMF inoculation has great potential in enhancing system productivity and profitability besides cutting down about 25% inorganic P requirement in okra–pea production system in the Himalayan acid Alfisol.     

Advanced generation seed orchards’ turnover as affected by breeding advance,time to sexual maturity and costs,with special reference to Pinus sylvestris in Sweden

Abstract

The effect of various biological, genetic, economic and management factors relevant to advanced generation seed orchard establishment was investigated using numerical estimates for Scots pine (Pinus sylvestris L.) in Sweden. Factors considered were planting density, rate of genetic advance in the breeding population, timing of first seed collection, seed value, seed production cost (stratified to establishment, annual management, cone harvest and seed extraction), orchard rotation age and contamination level. The developed model demonstrated its utility in studying and evaluating various economic and biological options associated with advanced generation seed orchard establishment/turnover. Sensitivity analyses demonstrated the robustness of the developed model through various arbitrarily changes in genetic gain advances, establishment, management and seed production, particularly those associated with cone harvests from upper crown and costs. The Swedish Scots pine case study produced results supporting faster turnover of seed orchard generations (30 vs 40 years) with shorter orchard lifespan (early start of seed cone after 8 years vs 15 years) delivering higher gain through minimizing the genetic gain differential between the breeding and production populations and allowing the capture of this gain for inclusion in the seed orchards. Orchard planting densities of 400 and 600 grafts per hectare produced similar results with marginal differences, and the latter was recommended for future orchard establishment.     

The profitability of the timber transport business before and after deregulation

The purpose of the study was to determine how timber transport businesses have succeeded after deregulation. A second goal was to determine whether it is possible to collect year‐end reports from businesses by using a mail inquiry and so measure reliably the so‐called strategic variables that are central to success. The possibility of using mailed questionnaires would eliminate costly personal interviews. Many changes have taken place in the trucking contracting business since deregulation in 1991. Partly in consequence of this, approximately one out of every five businesses have ceased to operate. The most common reason for termination was declining economic viability. The economic health of the businesses still in operation has deteriorated; but not conclusively. The rate of return from the mail inquiry was low, both as far as year‐end results and the questionnaire were concerned. Measurement of the most important strategic variables also proved difficult on the basis of the mail inquiry.     

ASSESSING HAWAII'S AQUACULTURE FARM AND INDUSTRY PERFORMANCE

This investigation uses farm-level data from the U.S. Census of Agriculture to evaluate the economic performance of the aquaculture industry in Hawaii. We first examine the entire aquaculture industry by assessing its profitability, efficiency, and input cost structure over time and across economic farm sizes; we then proceed to analyze the farms at the individual subsector levels of crustacean, Chinese catfish, other foodfish, and ornamental farms. The results reveal a wide variation in performance across farms, even within the same subsectors. In 2007, 57.6% of the aquafarms generated a profit; however 39.4% of the farms were found unable to cover their variable cash expenses. The presence of significant economies of scales were detected in performance with full-time operations being found more profitable and efficient than part-time operations. Finally, Hawaii's labor cost share for aquaculture enterprises is about 3.5 times greater than that found on the continental United States.