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dc.contributor.advisorJames M. Lyneis.en_US
dc.contributor.authorScrivner, Gene Sen_US
dc.contributor.otherSystem Design and Management Program.en_US
dc.coverage.spatialn-us-nben_US
dc.date.accessioned2018-02-08T16:27:41Z
dc.date.available2018-02-08T16:27:41Z
dc.date.copyright2017en_US
dc.date.issued2017en_US
dc.identifier.urihttp://hdl.handle.net/1721.1/113525
dc.descriptionThesis: S.M. in Engineering and Management, Massachusetts Institute of Technology, System Design and Management Program, 2017.en_US
dc.descriptionCataloged from PDF version of thesis.en_US
dc.descriptionIncludes bibliographical references (pages 126-132).en_US
dc.description.abstractAgricultural production is one of the cornerstones of Nebraska's economy and acts as a driver for the state's economy. Nebraska's geography, infrastructure, and industry all support agriculture, and many industries within the state depend on the labor and goods from agricultural producers. In recent years, prices for agricultural commodities have become increasingly volatile, with fluctuations rising and falling much more intensely than in previous years. Global supply and demand for agricultural commodities continues to increase, especially major commodities produced in Nebraska such as corn, soy, and cattle, and it is likely that price volatility will continue to occur. The impacts of this price volatility are being felt across the state, especially as agricultural commodity prices trend downward. Nebraska's agricultural producers are increasingly unable to break even on their operations, and Nebraska lawmakers are facing a budget shortfall caused in large part by the reduced income received from agricultural production and its ancillary effects. The problem facing Nebraska is incredibly complex, as negative downstream effects are being caused by low commodity prices received by agricultural producers. Policy mechanisms are available to Nebraska lawmakers to manage this problem, but have the ability to exacerbate things if the careful planning and implementation of these policy mechanisms is not conducted. This thesis aims to help define some of the dynamic impacts being felt in the state of Nebraska from global volatility of agricultural commodity prices, and think about these impacts long term. This thesis approaches these issues from a systems thinking perspective, attempting to capture a holistic viewpoint of the major impacts felt in the state now and the potential impacts in the future. An exploratory system dynamics model has been created to explore these dynamic issues and the impacts that different policy mechanisms might have on the state. This thesis by no means provides the "answer" for how to insulate the state of Nebraska from these negative impacts, but offers a first step towards long term systems thinking on the issue.en_US
dc.description.statementofresponsibilityby Gene S. Scrivner.en_US
dc.format.extent154 pagesen_US
dc.language.isoengen_US
dc.publisherMassachusetts Institute of Technologyen_US
dc.rightsMIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission.en_US
dc.rights.urihttp://dspace.mit.edu/handle/1721.1/7582en_US
dc.subjectEngineering and Management Program.en_US
dc.subjectIntegrated Design and Management Program.en_US
dc.subjectSystem Design and Management Program.en_US
dc.titleUnderstanding the impacts of agricultural commodity price volatility on Nebraska's economy : a systems approachen_US
dc.typeThesisen_US
dc.description.degreeS.M. in Engineering and Managementen_US
dc.contributor.departmentMassachusetts Institute of Technology. Engineering and Management Program.en_US
dc.contributor.departmentMassachusetts Institute of Technology. Integrated Design and Management Program.en_US
dc.contributor.departmentSystem Design and Management Program.en_US
dc.identifier.oclc1020172039en_US


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