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NONPRICE RATIONING OF AGRICULTURAL CREDIT BY TWO TRADING BANKS AgEcon
Ockwell, Anthony P.; Batterham, Robert L..
The non price mechanism used by the trading banks to ration credit among farmers was studied using a survey designed along the lines of a factorial experiment. Of the farmer characteristics studied, managerial ability emerged as being most important in affecting the amount a farmer could borrow. Banking history and, to a lesser extent, security were also influential. However, the research indicated that there is great variability in the amounts that individual bank managers are prepared to lend.
Tipo: Journal Article Palavras-chave: Agricultural Finance.
Ano: 1980 URL: http://purl.umn.edu/22912
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SOLUTION OF SPATIAL TRADING SYSTEMS WITH CONCAVE CUBIC PROGRAMMING AgEcon
MacAulay, T. Gordon; Batterham, Robert L.; Fisher, Brian S..
Standard spatial equilibrium activity analysis models, as developed by Takayama and Judge (1971), are based on linear supply and demand functions and fixed input-output coefficients. Such models are suitable for multiple market level trading systems where the fixed input-output coefficients are appropriate. A primal-dual price form of these models is developed in which the assumption of constant per unit costs of transformation is relaxed. In the case when the average cost curves of transformation are quadratic in nature the problem becomes one that will be termed cubic programming (that is, a cubic objective function and linear and/or quadratic constraints) which is solved in a concave region of the solution space. In the paper, the formulation of a...
Tipo: Journal Article Palavras-chave: Research Methods/ Statistical Methods.
Ano: 1989 URL: http://purl.umn.edu/22998
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A Note on Maximizing Utility in Quadratic Programming Models for Farm Planning AgEcon
Batterham, Robert L..
Methods of obtaining a utility maximizing solution from quadratic programming models for farm planning are presented. The methods require only simple modifications to models constructed to produce an EV frontier from a portfolio selection model.
Tipo: Journal Article Palavras-chave: Farm Management.
Ano: 1985 URL: http://purl.umn.edu/12435
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PRICE-LINKED FARM AND SPATIAL EQUILIBRIUM MODELS AgEcon
Batterham, Robert L.; MacAulay, T. Gordon.
The integration of detailed farm supply models with the basic spatial equilibrium model, is outlined. The direct linking of farm linear programming models with the spatial equilibrium model is achieved so that both prices and quantities are endogenous. Both the farm model and the spatial equilibrium model must be specified in primal-dual form to make the linkages. Limited details of the use of such a model in a study of a segment of the grain handling system in New South Wales are presented along with conclusions relating to the pricing of grain handling services.
Tipo: Journal Article Palavras-chave: Research Methods/ Statistical Methods.
Ano: 1994 URL: http://purl.umn.edu/22953
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The Influence of Credit on Farm Growth AgEcon
Ockwell, Anthony P.; Batterham, Robert L..
This study was based on the hypothesis that lenders to the rural sector have the potential to affect the rate of agricultural adjustment directly via capital formation. Multi-period linear programming models were developed to quantify the effects of lender policy on farm growth for wheat growing, dairy and sheep properties. Three basic models were used to represent different farm management types for each industry group of models. The models included the production, marketing, taxation, consumption and investment subsystems of the farm. Emphasis in these models was focused on the financial linkages between these various subsystems. In particular, the models investigated the effects of increases in trading bank credit on farm growth.
Tipo: Journal Article Palavras-chave: Agricultural Finance; Farm Management.
Ano: 1982 URL: http://purl.umn.edu/12523
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Data Entry Programmes for Mathematical Programming Models AgEcon
Batterham, Robert L..
Tipo: Journal Article Palavras-chave: Research and Development/Tech Change/Emerging Technologies.
Ano: 1987 URL: http://purl.umn.edu/12355
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The Effects of Policy Changes on the Production and Sales of Milk in New South Wales AgEcon
Drynan, Ross G.; Perich, M.; Batterham, Robert L.; Whelan, S.P..
Regulation of the New South Wales dairy industry creates inefficiencies and raises the cost of production. In this study, the industry is modelled by adapting an ABARE subregional programming model, and using spatial equilibrium linear activity analysis to examine the effects on the production of market and manufacturing milk within different regions of New South Wales of alternative policies. The output generated by the model includes regional market and manufacturing milk production levels, prices and quantities of market milk sold in each period and region, and market and manufacturing milk transfers between regions. The model also generates details of farm-level activities for each of the representative farms used in the construction of the model....
Tipo: Journal Article Palavras-chave: Agricultural and Food Policy; Livestock Production/Industries.
Ano: 1994 URL: http://purl.umn.edu/12481
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A Note Comparing Single-Index Models and Quadratic Programming Models for Farm Planning Under Risk AgEcon
Batterham, Robert L.; Drynan, Ross G.; Oarke, D.K.; Carter, P.H..
Single-index models from portfolio theory have previously been adapted for risk efficient farm planning in North America. The potential for using single-index models in farm planning is considered in this paper both theoretically and in the light of two illustrative Australian case studies. It is concluded that single-index models have no significant computational or other advantages over full quadratic programming portfolio selection models for farm planning and may produce relatively poor plans and poor assessments of the risks associated with those plans.
Tipo: Journal Article Palavras-chave: Farm Management; Risk and Uncertainty.
Ano: 1993 URL: http://purl.umn.edu/9627
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Capital Equipment Replacement Decisions AgEcon
Batterham, Robert L.; Fraser, K.I..
This paper reviews the literature on the optimal replacement of capital equipment, especially farm machinery. It also considers the influence of taxation and capital rationing on replacement decisions. It concludes that special taxation provisions such as accelerated depreciation and investment allowances are unlikely to greatly influence farmers' capital equipment replacement decisions in Australia.
Tipo: Journal Article Palavras-chave: Farm Management.
Ano: 1995 URL: http://purl.umn.edu/12533
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Modelling Water Use in Thailand AgEcon
Piyanuch, Wuttisorn; MacAulay, T. Gordon; Batterham, Robert L..
In this paper a model is proposed for analysing alternative policies that might be used in allocating water in Thailand. The model used is an integration of farm linear programming models with a spatial equilibrium model, using the so-called price-linked farm and spatial model (Batterham and MacAulay, 1994). A method of linking spatial equilibrium models and linear programming representations of farm models via the demand side as opposed to the supply side is outlined in this paper. A case study is made of the Chao Phraya Delta, an area that is progressively challenged by competing claims for water use and which needs to better allocate water resources.
Tipo: Conference Paper or Presentation Palavras-chave: Water use; Spatial equilibrium model; Thailand; Resource /Energy Economics and Policy.
Ano: 2003 URL: http://purl.umn.edu/58272
Registros recuperados: 10
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