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	Provedor de dados AgEcon (8) Autor Kropp, Jaclyn D. (8) Just, David R. (4) de Gorter, Harry (3) Peckham, Janet G. (1) Power, Gabriel J. (1) Toole, Andrew A. (1) Turvey, Calum G. (1) Whitaker, James B. (1) Mais... Palavra-chave Agricultural and Food Policy (4) Agricultural Finance (3) Decoupled payments (3) International Relations/Trade (3) Q18 (3) Financial Economics (2) Q15 (2) Q17 (2) Agribusiness (1) Coupling (1) Credit rationing (1) Cross-subsidization (1) D81 (1) D92 (1) Infra-marginal support (1) Input use (1) Intensive margin (1) Investment demand (1) Irreversible investment (1) Land Economics/Use (1) Mais... Tipo do documento Conference Paper or Presentation (7) Journal Article (1) Ano 2010 (2) 2009 (2) 2008 (1) 2007 (3) País United States (8) Idioma Inglês (8)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 8 Primeira ... 1 ... Última An Empirical Examination of the Relationship Between Real Options Values and the Rate of Investment AgEcon Turvey, Calum G.; Toole, Andrew A.; Kropp, Jaclyn D.. This paper examines the relationship between uncertainty and investment decisions by food and non-food firms. Using hysteresis and the real options paradigm, we review why uncertainty might cause firms to delay investment. In particular, our model looks for a negative relationship between capital invested and uncertainty. In the alternative, if the relationship is positive, this may be consistent with the exercise of growth options or competitive markets. Empirical results are mixed. In one of the four models we present there is clear evidence of hysteresis, that is a negative relationship between year over year investment and uncertainty. The remaining 3 models indicate the opposite, a positive relationship between investment and risk. Although the models... Tipo: Conference Paper or Presentation Palavras-chave: Financial Economics. Ano: 2007 URL: http://purl.umn.edu/6606 The Impact of Decoupled Payments on the Cost of Operating Capital AgEcon Kropp, Jaclyn D.; Whitaker, James B.. We estimate the impact of direct payments under the 2002 Farm Act on the credit terms of farm operators, specifically the interest rate on short-term operating loans. In the analysis, we control for farm financial characteristic, farm operator characteristics, and other factors. Using data from the Agricultural Resource Management Survey (ARMS) for the year 2007, we show that as the proportion of base acres to total operated acres increases, interest rates decline by a small but statistically significant amount. This implies that direct payments lead to lower operating costs through better credit terms. Lower operating costs may in turn allow some farmers to produce on land that would otherwise be unprofitable to operate. Tipo: Conference Paper or Presentation Palavras-chave: Decoupled payments; Credit rationing; Agricultural and Food Policy; Agricultural Finance; International Relations/Trade; Q15; Q17; Q18. Ano: 2009 URL: http://purl.umn.edu/49311 Cross-Subsidization and Exit Deterrence due to Infra-Marginal Support: Implications for Agricultural Policy Analysis AgEcon de Gorter, Harry; Just, David R.; Kropp, Jaclyn D.. Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy. Ano: 2007 URL: http://purl.umn.edu/9973 AJAE Appendix: Cross-subsidization Due to Infra-Marginal Support in Agriculture: A General Theory and Empirical Evidence AgEcon de Gorter, Harry; Just, David R.; Kropp, Jaclyn D.. The material contained herein is supplementary to the article named in the title and published in the American Journal of Agricultural Economics, Volume 90, Number 1, February 2008 Tipo: Journal Article Palavras-chave: Agricultural Finance. Ano: 2008 URL: http://purl.umn.edu/97150 Consumer Financed Export Subsidies and the Agreement on Agriculture AgEcon Kropp, Jaclyn D.; Just, David R.; de Gorter, Harry. Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade. Ano: 2007 URL: http://purl.umn.edu/9867 Decoupled Direct Payments Under Base Acreage and Yield Updating Uncertainty: An Investigation of Agricultural Chemical Use AgEcon Peckham, Janet G.; Kropp, Jaclyn D.. Decoupled payments were thought to have minimal impacts on current production decisions and input use. However, the literature has identified several mechanisms through which decoupled payments become coupled. We analyze the effects of uncertainty regarding future policy changes on farm-level production decisions and input use, focusing on farmers’ expectations of base acreage and yield updating. Using farm-level data, we find positive relationships between both decoupled and other government payments and real per acre expenditures on agricultural chemicals. Furthermore, there is evidence that decoupled payments may affect the intensive margin more than other government payments. Tipo: Conference Paper or Presentation Palavras-chave: Coupling; Decoupled payments; Input use; Intensive margin; Updating; Agricultural and Food Policy; Risk and Uncertainty; Q12; Q18. Ano: 2010 URL: http://purl.umn.edu/61214 Production Incentives from Static Decoupling: Entry, Exit and Use Exclusion Restrictions AgEcon Just, David R.; Kropp, Jaclyn D.. The use of agricultural decoupled support has increased as World Trade Organization (WTO) member nations implement less trade distortive policies. However, the true production effects of these policies are still unclear. We show how the exclusion restrictions of U.S. direct payments, namely, the fruit and vegetable restriction and the requirement of keeping land in good agricultural use, cause the decoupled payment to become fully coupled over time as relative profits adjust. Theoretically, decoupled payments can be more trade distorting than an equivalent (same level of taxpayer expenditure) fully coupled subsidy. Tipo: Conference Paper or Presentation Palavras-chave: Decoupled payments; Infra-marginal support; Cross-subsidization; Agricultural and Food Policy; International Relations/Trade; Land Economics/Use; Q15; Q17; Q18. Ano: 2009 URL: http://purl.umn.edu/49158 Estimation of a Backward-Bending Investment Demand Function for Agribusiness Firms AgEcon Kropp, Jaclyn D.; Power, Gabriel J.. We investigate irreversible investment behavior under uncertainty of payoffs using U.S. firm-level panel data. We estimate the relationship between the firm’s investment to capital ratio and the interest rate, while controlling for investment opportunities, real option values, uncertainty and profitability. The results indicate the investment demand curve is a backward-bending function of the interest rate; at low interest rates, an increase in the interest rate leads to increased investment by increasing the cost of postponing investment. Firm investment behavior is also consistent with real options behavior. The investment behavior of agribusiness firms is significantly different from firms in other sectors. Tipo: Conference Paper or Presentation Palavras-chave: Investment demand; Irreversible investment; Real options; Agribusiness; Agricultural Finance; Financial Economics; D81; D92; Q13. Ano: 2010 URL: http://purl.umn.edu/61293 Registros recuperados: 8 Primeira ... 1 ... Última

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