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Financing Agriculture in a Changing Environment: Macro, Market, Policy, and Management Issues; Proceedings of Regional Research Committee NC-161, McLean, Virginia, October 4-5, 1988 AgEcon
Contents: Policy and Management Issues in Agricultural Finance by, Cole R. Gustafson; Emerging Issues for the Farm Credit System, by Marvin R. Duncan; Methodology in Allowance for Loan Loss Determination, by Martin Fischer and Glenn Pederson; Selecting Tax Alternatives Under the Tax Reform Act, by Tammy Mickey and David Lins; Factors Influencing Farm Investment Behavior, by Eddy L. LaDue, Lynn H. Miller, and Joseph H. Kwiatkowski; Farmers' Use of Futures and Options Under Alternative Farm Programs: Farm Level Financial Analysis, by Calum G. Turvey and Timothy G. Baker; An Empirical Investigation of Risk Diversification Opportunities Within the Farm Credit System, by Charles B. Moss and Allen M. Featherstone; Adapting to Turbulent Credit Markets: Loan...
Tipo: Working or Discussion Paper Palavras-chave: Agricultural Finance.
Ano: 1989 URL: http://purl.umn.edu/23407
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THE TRANSFORMATION OF MARKET PLAYERS ON THE DEMAND-SIDE OF THE GRAIN MARKET AgEcon
Kemenyne Horvath, Zsuzsanna.
The aim of the study is to review the vertical and horizontal reshuffling that took place in a specific area of the Hungarian grain product cycle, i.e. raw material production, and its effect on the demand-side power structure. The answers derived from questionnaires and in-depth interviews allowed the classification of buyers using cluster analysis, and also the modeling of their decisions during the price negotiation. The completed analysis shows us that on the grain market, price leaders are primarily among the large trading companies and holdings, which can be attributed to their size, storage capacity, logistical capabilities and strategy. Processing (mills, feed mixers, seed-sellers), integrator, retail and other companies on the grain market are...
Tipo: Book Palavras-chave: Grain sector; Process chain; Price leaders; Cluster analyses; Agribusiness; Agricultural Finance; Crop Production/Industries; International Relations/Trade.
Ano: 2008 URL: http://purl.umn.edu/43242
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THE COST-PRICE SQUEEZE ON AUSTRALIAN FARM INCOME AgEcon
Glau, T.E..
Relative price movements for major agricultural commodity groups are reviewed. Estimates of the movement in real farm income per farmer are presented for Australian agriculture over the period 1949 to 1969, and for the sheep industry for the period 1953 to 1967. Increased productivity has offset the adverse price movements experienced by farmers over the period examined. The effect of the cost-price squeeze on farm investment and adjustment is discussed. The continuing cost-price squeeze has not prevented sustained investment by farmers.
Tipo: Journal Article Palavras-chave: Agricultural Finance.
Ano: 1971 URL: http://purl.umn.edu/22975
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Monetary Impacts and Overshooting of Agricultural Prices in a Transition Economy: The Case of Slovenia AgEcon
Bakucs, Lajos Zoltan; Bojnec, Stefan; Ferto, Imre.
The paper focus on the time adjustment paths of the exchange rate and agricultural producer and industrial prices in response to unanticipated monetary shocks following model developed by Saghaian et al. (2002). Results indicate that agricultural prices adjust faster than industrial prices to innovations in the money supply, affecting relative prices in the short run, but strict long-run money neutrality does not hold. The impulse response analysis shows that an exogenous shock to the money supply has a significant and volatile effect on the three price variables. The extent of overshooting in agricultural prices is twice as large as for exchange rates or industrial prices. This indicates that in the case of monetary shocks the sectors associated with...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural prices; Exchange rates; Monetary shocks; Overshooting; Transition economy; Agricultural Finance; International Relations/Trade.
Ano: 2007 URL: http://purl.umn.edu/9422
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The Complexities of the Interface between Agricultural Policy and Trade AgEcon
Schmitz, Troy G.; Schmitz, Andrew.
Tariff and non-tariff barriers are widespread as applied to agricultural trade. The theory of gains from trade considers the impacts of free trade relative to no trade and to non-tariff barriers, while the theory of agricultural policy generally places little weight on the international trading sector. However, it is necessary to combine agricultural policy with the international trading sector so that agricultural policy instruments such as price supports are considered together with barriers to trade such as tariffs. This is possible within the context of welfare economics when considering the costs and benefits of alternative agricultural and trade policies.
Tipo: Article Palavras-chave: Agricultural policy; Biofuels; Export taxes; Gains from trade; Tariffs; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Environmental Economics and Policy; International Relations/Trade; Political Economy; Production Economics.
Ano: 2012 URL: http://purl.umn.edu/120424
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Optimal Tillage and Planting Equipment for Central and Western North Dakota AgEcon
Krenz, Ronald D.; Micheel, Charles C..
Tipo: Report Palavras-chave: Agricultural Finance; Farm Management; Livestock Production/Industries.
Ano: 1974 URL: http://purl.umn.edu/51936
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Income Tax Management and Reporting for Small Businesses and Farms AgEcon
Cuykendall, Charles H.; Bouchard, Gregory J..
Tipo: Working Paper Palavras-chave: Agricultural Finance.
Ano: 2002 URL: http://purl.umn.edu/122219
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Live and Feeder Cattle Options Markets: Returns, Risk, and Volatility Forecasting AgEcon
Brittain, Lee; Garcia, Philip; Irwin, Scott H..
The paper examines empirical returns from holding thirty- and ninety-day call and put positions, and the forecasting performance of implied volatility in the live and feeder cattle options markets. In both markets, implied volatility is an upwardly biased and inefficient predictor of realized volatility, with bias most prominent in live cattle. While significant returns exist holding several market positions, most strategies are strongly affected by a drift in futures market prices. However, the returns from selling live cattle puts are persistent, and evidence from straddle returns identifies that the market overprices volatility. This overpricing is consistent with a short-term risk premium whose effect is magnified by extreme changes in market conditions.
Tipo: Conference Paper or Presentation Palavras-chave: Live cattle; Feeder cattle; Options; Returns; Risk; Volatility forecasting; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Community/Rural/Urban Development; Farm Management; Financial Economics; Livestock Production/Industries; Marketing; Research Methods/ Statistical Methods.
Ano: 2009 URL: http://purl.umn.edu/53038
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SOME REFLECTIONS ON AGRICULTURAL INVESTMENT AgEcon
Campbell, Keith O..
In this paper I propose to review briefly some of the more significant points which seem to be emerging from recent studies of capital formation in agriculture.
Tipo: Journal Article Palavras-chave: Agricultural Finance.
Ano: 1958 URL: http://purl.umn.edu/22637
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WILL SAVINGS ACCOUNTS (EVER) BECOME PART OF U.S. FARM POLICY? AgEcon
Monke, James D.; Durst, Ron L..
Various forms of farmer savings accounts have been proposed to help U.S. farmers manage their income variability. Financial incentives include tax-deferral and government matching deposits. This paper estimates farmer eligibility, program size, and benefit distributions for two congressional proposals: FARRM accounts and a farm counter-cyclical savings account program.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy; Agricultural Finance.
Ano: 2002 URL: http://purl.umn.edu/19820
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FACTORS INFLUENCING INTERNAL AND EXTERNAL CREDIT RATIONING AMONG SMALL-SCALE FARM HOUSEHOLDS IN KWAZULU-NATAL AgEcon
Fenwick, L.J.; Lyne, Michael C..
The Heckman two-stage procedure is used to identify and rank the determinants of internal and external credit rationing in rural households using data sourced from two districts in the former KwaZulu homeland. The results confirm international findings that high transaction costs faced by rural households limit their access to formal credit markets. Income and savings levels are significant determinants of the level of credit obtained, with savings acting as a substitute for credit. Better access to financial markets will require public investment in rural infrastructure, literacy and vocational training, and legal reform in order to lower transaction costs, improve income levels, and facilitate the efficient use of collateral. Savings lose their value as...
Tipo: Journal Article Palavras-chave: Agricultural Finance.
Ano: 1998 URL: http://purl.umn.edu/54892
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Discussion: Commodity Price Discovery: Problems That Have Solutions or Solutions That Are Problems AgEcon
Fortenbery, T. Randall.
This paper examines three invited papers focused on commodity prices. Public responses to high nominal commodity prices and perceived increases in price risk have ranged from attempts to assign blame, attempts to change contracting arrangements, and development of public policy that ‘‘protects’’ the market from future occurrences of unacceptable behavior. Interestingly, a result of increased commodity price volatility has suggested that futures markets no longer ‘‘work.’’ This is ironic given that futures markets initially came into existence as tools for managing the negative impacts of commodity price risk. In response to perceptions of market failure some are looking for strategies to regulate the who and how of futures trading.
Tipo: Journal Article Palavras-chave: Futures markets; Hedging; Price risk; Risk management; Speculation; Agribusiness; Agricultural Finance; Marketing; Risk and Uncertainty; G13; Q11; Q13; Q14.
Ano: 2009 URL: http://purl.umn.edu/53084
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Envesting in an Agricultural Legacy: Impact of a Targeted Young and Beginning Farmer Loan Program in Arkansas AgEcon
Goeringer, L. Paul; Goodwin, Harold L., Jr.; Dixon, Bruce L.; Popp, Michael P..
America’s agricultural producers continue to age. According to the U.S. Census of Agriculture, the average age of farm operators increased from 55.3 in 2002 to 57.1 in 2007. During the same period, the Census shows a thirty percent decrease in the number of farmers under the age of 25. Young and beginning producers (YBPs) entering agriculture can be faced with high startup costs and the lack of land to own or rent. To address this potential shortage of future farmers, we propose a program for the Farm Credit System to assist YBPs by offering Farm Service Agency guaranteed loans. In this program YBPs are given concessionary interest rates in consideration for adopting conservation and recommended “best” practices. To gauge the impact of the loan...
Tipo: Presentation Palavras-chave: Agribusiness; Agricultural Finance; Farm Management; Production Economics.
Ano: 2012 URL: http://purl.umn.edu/124427
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Estimating productivity of water at different spatial scales using simulation modeling AgEcon
Droogers, Peter; Kite, Geoff.
A clear understanding of the current water balance is required to explore options for water saving measures. However, measurement of all the terms in the water balance is infeasible in terms of spatial and temporal scale, but hydrological simulation models can fill the gap between measured and required data. For a basin in Western Turkey, simulation modeling at three different scales, field, irrigation scheme and basin scale, was performed to obtain all terms of the water balance. These water balance numbers were used to calculate the Productivity of Water at the three spatial levels distinguished to assess the performance of the systems.
Tipo: Report Palavras-chave: Water resources; Productivity; Simulation models; Water scarcity; Water supply; Water balance; Performance indexes; Indicators; River basins; Cropping systems; Crop yield; Cotton; Hydrology; Economic analysis; Agribusiness; Agricultural Finance; Crop Production/Industries; Environmental Economics and Policy; Production Economics; Productivity Analysis; Research Methods/ Statistical Methods.
Ano: 2001 URL: http://purl.umn.edu/44568
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Agricultural Prices and Income Distribution among Farmers: A Whole-Household, Multi-Country, Multi-Year Analysis AgEcon
Rios, Ana R.; Shively, Gerald E.; Masters, William A..
Recent studies have emphasized that the poorest farmers are often net buyers of key commodities and therefore harmed by rising prices. We use LSMS data from Tanzania, Vietnam and Guatemala to test the degree of net purchases or sales by income level. We find that poorer farmers may be net buyers of individual crops, but only the poorest are net buyers of all crops. More generally, net sales among poor farmers are low. We conclude that agricultural price changes have a diverse but limited influence on poor farmers’ welfare, because their farm sales tend to be offset by food purchases.
Tipo: Conference Paper or Presentation Palavras-chave: Market participation; Poverty; Inequality; Multi-continent multicountry; Agricultural Finance.
Ano: 2009 URL: http://purl.umn.edu/49314
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Cash Flow and Agricultural Investments: Evidence from a Natural Experiment AgEcon
Kirwan, Barrett E..
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance.
Ano: 2008 URL: http://purl.umn.edu/6280
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Application of Weather Derivatives in Multi-Period Risk Management AgEcon
Vedenov, Dmitry V.; Sanchez, Leonardo.
This work is a first attempt to analyze the effect of weather derivative availability on the risk management strategies in a multi-period setting, when crop activities take place twice a year. Rice production in Ecuador is used as a case study. Numerical solutions show farmers improve their well-being by reducing their risk exposure.
Tipo: Conference Paper or Presentation Palavras-chave: Weather Derivatives; Risk Management; Multi-Period.; Agribusiness; Agricultural Finance; Risk and Uncertainty; Q13; Q14.
Ano: 2011 URL: http://purl.umn.edu/103740
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Costs of Native Hay Harvesting Systems in North Dakota AgEcon
Coon, Randal C.; Leistritz, F. Larry.
Tipo: Report Palavras-chave: Agricultural Finance; Farm Management.
Ano: 1974 URL: http://purl.umn.edu/51934
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Multiple Criteria Decision Making: Method Selection And Application To Three Contrasting Agricultural Case Studies AgEcon
Dooley, A.E.; Sheath, Gavin W.; Smeaton, D..
Agribusiness, farm business and agricultural-environmental decisions which varied in their characteristics were used to evaluate multiple criteria decision making (MCDM) in an agricultural context. This paper discusses differences between the case studies, strengths and weaknesses of the methods used, and the success of the MCDM process based on participants’ expectations and experiences. While MCDM can help identify the best decision, the main benefits identified in using MCDM included better understanding of their own and other’s perspectives, a means to explain the decision and a structured way to work through the decision process. Key problem areas identified included time limitations, understanding and ownership.
Tipo: Conference Paper or Presentation Palavras-chave: Multiple criteria decision making; Agriculture; Decision making; Agribusiness; Agricultural Finance; Consumer/Household Economics; Crop Production/Industries; Environmental Economics and Policy; Farm Management; Land Economics/Use.
Ano: 2005 URL: http://purl.umn.edu/98510
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Are Our Agricultural Risk Management Tools Adequate for a New Era? AgEcon
Barnett, Barry J.; Coble, Keith H..
Tipo: Journal Article Palavras-chave: Risk; Commodity programs; Insurance; Agricultural Finance; Risk and Uncertainty; D80; G11; Q18.
Ano: 2008 URL: http://purl.umn.edu/94700
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