Extension bulletin shows how ranchers can use net present value in investment decisions

Bridger Feuz, extension livestock marketing specialist

How ranchers can use net present value (NPV) to determine if an investment is worthwhile is described in a University of Wyoming Extension bulletin.

NPV discounts future returns based on the riskiness of an investment and compares them directly to current or future costs, stated authors of “Net Present Value,” B-1302.

“Many decisions on a ranch require significant capital investment to facilitate change,” said Bridger Feuz, UW Extension livestock marketing specialist. “This type of investment typically includes initial costs but also provides returns over a period of time.”

The time value of money must be included in an investment analysis because these returns occur over time.

The bulletin is free to view or download by going to www.uwyo.edu/uwe and clicking on Find a Publication then type the number or title in the search field. The bulletin is available in pdf, HTML or ePub formats.

Donna Nelson receives UW Extension Administrative Professional of the Year Award

Donna Nelson, left, receives the 2017 UW Extension Administrative Professional of the Year Award from extension associate director Mary Kay Wardlaw.

Donna Nelson in the Johnson County extension office received the 2017 UW Extension Administrative Professional of the Year Award Thursday, September 21, during the group’s ESCAPE training conference in Cheyenne.

Nelson is credited with efficiently and professionally operating the extension office and keeping 4-H’ers, their parents, and volunteers up-to-date with the program’s operations and schedules.

“I am honored to receive recognition for doing a job I love,” says Nelson, who grew up on a Johnson County ranch. “Extension is my family.”

Nelson also works shifts for the local ambulance service on her days off.

Attendees at the Cheyenne training filled more than 160 bags for the homeless with items such as socks, toothbrushes and toothpaste, water bottles and non-perishable food items. Some of the bags were taken back to attendee home counties for the homeless, and the other bags will be donated to a homeless ministry in Cheyenne, according to a member of the administrative assistants.

UW Extension bulletin explains grass-legume mixtures boost forage

Grass-legume mixtures benefit forage productivity, quality and stand persistence, according to a new bulletin from the University of Wyoming Extension.

Extension forage specialist Anowar Islam

The results are from three years of tests at the James C. Hageman Sustainable Agriculture Research and Extension Center near Lingle, said extension forage specialist Anowar Islam, one of the authors.

At least 25 percent legumes in a mixed stand can produce higher yield and quality than monoculture alfalfa and nitrogen fertilized grasses, he said. A 50-50 percent mixture would be the optimum seeding proportion of meadow bromegrass and alfalfa under Wyoming conditions.

The bulletin, “Grass-legume mixtures improve forage yield, quality, stand persistence,” B-1309, is available for viewing and free download by going towww.uwyo.edu/uwe and clicking on Find a Publication.  Type the title or number in the search field. The bulletin is available in pdf, HTML or ePub formats.


UW Extension seeks public participation in health care survey

Juliet Daniels

Cowboy State residents can submit their health care concerns in an online survey by the University of Wyoming Extension and have them be part of discussions and decisions across Wyoming.

The anonymous short survey at bit.ly/wyohealthsurvey is an opportunity to share thoughts on health care quality and availability in Wyoming communities, said Juliet Daniels, an extension community development educator. No identifying information is collected.

Survey responses are requested by Friday, Oct. 13.

Concerns gathered in the survey will be used to develop discussion guides for UW Extension’s Community Conversations Wyoming (CCW) project.

Kimberly Chapman

“This project is about bringing people together to explore complex community issues and discover ways to move forward that meet community needs,” she said.

Daniels said CCW engages citizens in the work of their communities through leadership, service and public dialogue on issues of critical importance.

For more information, contact CCW coordinators Daniels in Cheyenne at 307-633-4383, or fellow extension educator Kimberly Chapman in Evanston at 307-783-0570.

UW College of Agriculture and Natural Resources honors alumni, others

The managing director for one of the largest wholly-owned foreign transportation and logistics firms in China and a weed scientist who built a national and international reputation studying glyphosate-resistant crops are being honored as outstanding alumni by the College of Agriculture and Natural Resources at the University of Wyoming.

Head shot of Martin Winchell in a gray jacket and marine blue tie. The background is orange.
Martin Winchell

The award recipients will be recognized during Ag Appreciation Weekend Friday and Saturday, Sept. 22-23, in Laramie.

The Wyoming Livestock Roundup is being recognized with the Research/Outreach Partner Award, alumnus Kurt Feltner, who has benefited the Wyoming Agricultural Experiment Station, is receiving the Legacy Award, and Tex Taylor, a professor and 32-year member of the agricultural and applied economics department, is recipient of an award honoring faculty excellence. Complete stories and photos are at bit.ly/2017agcollege.

Managing director Martin Winchell mixes UW practicality with international experience. From 26 operating locations, Schneider delivers to over a thousand locations in more than 300 Chinese cities. The company serves domestic clients and multinational firms such as IKEA, Wal-Mart and Chevron.

“I was lucky to fall into a niche where I used agricultural and applied economics to learn about transportation,” said Winchell. He graduated with a bachelor’s degree in agricultural business in 1994.

Phil Stahlman

Phillip Stahlman retired this year from the Kansas State University Agricultural Research Center at Hays, Kan. Stahlman built a career of finding ways to improve or find new weed management strategies. Basic and applied research examined herbicide-resistant weeds, jointed goatgrass, corn herbicides, grain sorghum herbicides, weed control in soybeans, sunflowers, and wheat, and recropping studies to find ways western Kansas farmers could manage their land after drought or other phenomenon destroys their winter wheat crop. Stahlman received his Ph.D. in agronomy in 1989.

Dennis Sun

The Wyoming Livestock Roundup, published by fourth-generation rancher Dennis Sun, is a staple for farmers, ranchers, agribusinesses and others with an interest in the state’s third largest industry. Weekly editions cover livestock and crop production, prices, weather, private lands, federal lands, consumer trends, new research from UW, agricultural news from Washington, D.C., and market influences from around the world.

“Dennis and all the staff at the WLR set the standard for this award,” said Kelly Crane, associate director of UW Extension. “In my judgment, few entities contribute more to UW Extension’s mission to provide relevant, research-based information to Wyoming ranchers, farmers, agri-businesses and rural residents than the WLR.”

Kurt Feltner

Pinedale native Feltner and his late wife, Lynn, provided for an annual young researcher award, and now Feltner has established an endowment in honor of Lynn to create an award for the best student paper in Reflections, the research magazine of the college, published by the Wyoming Agricultural Experiment Station.

“Most of my contributions over the years have been to the WAES because I’m familiar with a number of major studies commissioned to determine the payoff to investment in agricultural research, and the answer is always the same,” said Feltner. “It’s a huge return. Having kept in touch with UW reasonably well over the years, I knew any help WAES received would be well used by the capable scientists.”

Feltner received a bachelor’s degree in vocational agriculture in 1957 and a master’s in agronomy in 1959.

Tex Taylor

Tex Taylor is recipient of the Andrew Vanvig Lifetime Distinguished Faculty Achievement Award. The community development specialist is the go-to guy for economic analyses of environmental, tourism and recreation, endangered species and many other issues affecting Wyoming and Wyoming communities, noted Dale Menkhaus, Professor Emeritus in the department, who worked with Taylor for decades.

Taylor has led documenting the growth and redistribution of Wyoming’s population and how that affects the loss of open spaces Wyoming residents value.

Taylor is also a long-time member of the Consensus Revenue Estimating Group, which estimates near-future revenues received by Wyoming’s government.