Benson, Geoffrey A., PhD

Benson, Geoffrey A., PhD
Extension Specialist Retired
Agricultural and Resource Economics

Email: geoff_benson@ncsu.edu
Phone: (919) 515-3107
Office Address: Contact via email

Degree From: Pennsylvania State University (MS, 1972; PhD, 1979), University of Leeds, England, B.Sc. (Hons)

Specialty: Extension Specialist with responsibilities for dairy, beef and forage economics and dairy marketing and policy. Areas of emphasis include dairy policy, the economics of intensively managed pasture and value added dairy enterprises.

2014 Dairy Margin Protection Program

A Guide to Producer Participation Decisions (Power Point slides)

Cash Flow Summary Worksheet (Word document)

Net Worth Statement Worksheets (Word document)

North Carolina Dairy Advantage Program

Dairy Advantage Brochure

Dairy Advantage: The North Carolina Dairy Industry Strategic Plan

Farm Assessment Pilot Program

Profit Team Pilot Program: This program is offered to producers who have completed a dairy farm assessment. It is modeled on a similar program developed at The Pennsylvania State University and described in “Dairy Advisory Teams: A Handbook for Producers” by C.W. Heald, L.A. Holden and L.J. Hutchinson, published by Hoard’s Dairyman magazine, Fort Atkinson, WI.

 

DAIReXNET is an Internet-based resource for the dairy industry. Check it out at http://www.extension.org/ and click on the “Dairy Cattle” link.

 

Publications/Presentations

Coping with Drought: Evaluating the Economics of Livestock Producer’s Options

An Instructor’s Guide for Teaching Forage Economics

Managing Price Risk: The Carolina Milk Price Basis, North Carolina State University
Department of Agricultural and Resource Economics, Fact Sheet No. 18, REVISED JUNE 2007

Economic Evaluation of Energy Alternatives for Dairy Farmers

Forage Economics

Farm Raised Direct Marketed Beef

Planning the Long-Term Recovery of Your Farm After a Disaster

Organic Milk (Excel Spreadsheet)
A spreadsheet that permits the user to estimate the main financial effects from converting from conventional to organic certified Grade A milk production. *CAUTION.* – This spreadsheet is distributed on an “as is” basis, and the user must assume all responsibility for any budgets that are created using this spreadsheet and for any decisions based on this information.

Materials from the Opportunities for Value-Added Livestock Products

Benson, Geoff. Organic Dairy Opportunities (PDF)

Benson, Geoff. Coping with Milk Price Volatility (PowerPoint)

Benson, Geoff. Dairy Heifer Raising Cost Calculator (Excel)
This cost calculator provides the user a tool to estimate the costs and returns of raising dairy heifers. Costs and returns can be calculated for up to four stages of growth. An example is provided for large dairy breeds raised on a corn silage and hay based diet to calve at 24 months weighing 1,350 lb. There is a separate data input section and budget for each growth stage. These tables can be printed separately. The user can select one or more contiguous stages. Costs and returns for multiple stages will be accumulated into a summary enterprise budget. CAUTION. – This budget spreadsheet is distributed on an “as is” basis and the user must assume all responsibility for any budgets that are created using this spreadsheet and for any decisions based on this information.

Benson, G.A. Pasture-based and Confinement Dairy Farming in the United States: An Assessment, Journal of International Farm Management Vol.4. No.2 – February 2008

Benson, Geoff, “Dairy Cow Leasing” North Carolina State University, Department of Agricultural and Resource Economics, Fact Sheet No. 19, (REVISED July 2004)

Benson, Geoff. CWT Herd Reduction Program Bid Calculator (Excel)

Benson, Geoff. Bidding Strategies for the CWT Herd Buyout Program Dept of Agricultural and Resource Economics, Fact Sheet No. FM-3, August 2003

Benson, Geoff. Making a Whole-Herd Buyout Bid: Things to Consider August 2003

Benson, Geoff  CWT Production Reduction Program Bids August 2003

Benson, Geoff. “Farm Level Economics of Johne’s Disease Control,” (PowerPoint) St. Louis, MO, Oct., 2002

Benson, Geoff, Dale Miller and Richard Lictenwaler. “Beef Cattle Marketing in North Carolina,”  ARE Report No. 32, June 2003.

Benson, Geoff, “Dairy Situation and Outlook: 2002-3,” Presented at the Southern Region Agricultural Outlook Conference in Tunica, MS on September 23-25, 2002.http://www.ces.uga.edu/Agriculture/agecon/workshops/2002con/DairySROC200…

Benson, Geoff, Contract Raising Heifers North Carolina State University, Department of Agricultural and Resource Economics, Fact Sheet No. 21, November 2002

“Johne’s Disease Economics Spreadsheet” (Excel version)

Benson, Geoff, “What is a Dairy Heifer Worth?” North Carolina State University, Department of Agricultural and Resource Economics, Fact Sheet No. 20, (Revised) March 2002

Benson, Geoff, Dale Miller and Richard Lictenwaler. A Long-term view of N.C. Cattle Prices. 12/2001

Benson, Geoffrey A., Milk Check Money: What Determines The Price Farmers Receive For Grade A Milk, North Carolina Cooperative Extension Service, Bulletin AG-W528, (Revised), Jan.2001

Poore, M.H., G.A. Benson, M.E. Scott and J.T. Green, Jr., “Production and use of stockpiled fescue to reduce beef cattle production costs,” Proc. Of the Am. Soc. of Anim. Sci.

Benson, Geoff, “Risk Management Planning: What You Can Do to Enhance Your Chances of Success,” North Carolina State University, Department of Agricultural and Resource Economics, Fact Sheet No. 17, April 1999.

Benson, Geoffrey, A. Diary Farm Competitiveness: Lessons from the Top Dairies Project, Presentation at N.C. Dairy Conference, 2001

Available in printed form only

Washburn, S.P., S.L. White, J.T. Green, Jr., and G.A. Benson. “Reproduction, mastitis, and body condition scores among spring and fall calving dairy cows in pasture or confinement feeding systems”. In: Fertility of the High-Producing Dairy Cow; Proceedings of an Occasional Conference of the British Society of Animal Science, Galway, Ireland.

Benson, G. A., J. T. Green, Jr., S. P. Washburn, and S. L. White, “A comparison of milk production and feed costs of pasture and confinement feeding systems with Holsteins and Jerseys and spring and fall calving.” (abstract) 1998 Joint ADSA and ASAS Meeting Abstracts, p. 265.

King, C. B., G. A. Benson, B. D. Slenning, S.P. Washburn, and J.T. Green, Jr., “Evaluation of stocking rate, feeding system and calving season effects for a pasture based dairy farm.” (abstract) 1998 Joint ADSA and ASAS Meeting Abstracts, p. 265.

Washburn, S. P., S. L. White, J.T. Green, Jr., and G. A. Benson, “Reproduction, udder health and body condition scores among spring and fall calving dairy cows in pasture or confinement feeding systems.” (abstract) 1998 Joint ADSA and ASAS Meeting Abstracts, p. 265.

Washburn, S.P., S.L. White, J.T. Green, Jr., and G.A. Benson. “Reproduction, mastitis, and body condition scores among spring and fall calving dairy cows in pasture or confinement feeding systems”. In: Fertility of the High-Producing Dairy Cow; Proceedings of an Occasional Conference of the British Society of Animal Science, Galway, Ireland.

Benson, G. A. “Tools for Economic Success,” Proceedings of the Third Mid-Atlantic Dairy Grazing Conference, Abingdon, VA, July 2000, pp. 68-84.

Benson, Geoff, “Developing a Marketing Plan,” Materials for the Southeastern Beef Cattle Marketing School, Clemson University, October 22-25, 2000. 14 pp., mimeo.

Meat Goat Economics

In this section you will find a Meat Goat Enterprise Budget template, data checklist, instructions, a Power Point slide set, and a hands-on example developed for use in an undergraduate class (ANS 408).

Managing Beef Cattle Price Risk Webinar Presentation
After you click on the link above, Elluminate software will load on your computer to enable you to view this webinar. The webinar session lasts approximately 2 hours.

Managing Beef Cattle Price Risk (PowerPoint file)

Beef Production in the New Economic Environment (PowerPoint file)

Statistics

 

N.C. Dairy Financial Performance Project

Management and Marketing Notes