Data/hora: 29/05/2024 03:42:33

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | IMPACTS OF FINANCIAL CHARACTERISTICS AND THE BOOM-BUST CYCLE ON THE FARM INVENTORY-CASH FLOW RELATIONSHIP
Autores: | Bierlen,   Ralph W.; Ahrendsen,   Bruce L.; Dixon,   Bruce L.
Data: | 2003-02-13
Ano: | 1998
Palavras-chave: | Cash flow; Credit constraints; Farm cycles; Farm inventories; Investment; Investment models; Agricultural Finance.
Resumo: | The sensitivity of farm inventory investment to movements in cash flow is tested.  Inventories should be sensitive to shifts in cash flow because inventory investment is readily reversible and inventories are a significant portion of assets.  Investment models estimated with Kansas farm panel data indicate that: (a) farms absorb internal finance shocks by adjusting inventories, (b) the inventory investment of livestock and high-debt farms are more sensitive to movements in cash flow than crop and low-debt farms, and (c) inventory investment is more sensitive to cash flow during the 1981-86 bust and the 1987-92 recovery than during the 1975-80 boom.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

7175

http://purl.umn.edu/15560

Editor: | AgEcon Search
Relação: | Journal of Agricultural and Applied Economics&gt;Volume 30, Number 02, December 1998

Formato:

15

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