Morehead State University

Grade Level at Time of Presentation

Senior

Major

Agribusiness

Institution 24-25

Morehead State University

KY House District #

98

KY Senate District #

18

Department

Agricultural Sciences

Abstract

Morehead State University’s Derrickson Agricultural Complex (DAC) produces several agricultural enterprises and provides valuable hands-on experiences for students. Hay and corn are the two dominant crop enterprises which cover 58 percent of the total area. In addition, the DAC produces hay from six different farms using the crop-share leasing method. The primary objectives of this study are to (1) analyze the profitability of hay and corn production at the DAC and leased farms and (2) identify the strengths, and weaknesses of each farm to improve production efficiencies. Two years of data were collected, and the profitability of hay and corn for each farm was calculated separately, using several farm-specific enterprise budgets. The results of this study provide a deeper understanding of the economic sustainability and viability of hay and corn production at the DAC, thereby informing better decision-making and optimization of agricultural enterprises on the farm. This poster will illustrate the yields, profits, and strengths and weaknesses of each farm and the results will be compared to regional averages.

Included in

Agribusiness Commons

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Economic Analysis of Hay and Corn Production at Morehead State University’s Derrickson Agricultural Complex

Morehead State University’s Derrickson Agricultural Complex (DAC) produces several agricultural enterprises and provides valuable hands-on experiences for students. Hay and corn are the two dominant crop enterprises which cover 58 percent of the total area. In addition, the DAC produces hay from six different farms using the crop-share leasing method. The primary objectives of this study are to (1) analyze the profitability of hay and corn production at the DAC and leased farms and (2) identify the strengths, and weaknesses of each farm to improve production efficiencies. Two years of data were collected, and the profitability of hay and corn for each farm was calculated separately, using several farm-specific enterprise budgets. The results of this study provide a deeper understanding of the economic sustainability and viability of hay and corn production at the DAC, thereby informing better decision-making and optimization of agricultural enterprises on the farm. This poster will illustrate the yields, profits, and strengths and weaknesses of each farm and the results will be compared to regional averages.

 

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