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Editors' Report - February 7, 2011 AgEcon
Marchant, Mary A.; Bosch, Darrell J..
Tipo: Report Palavras-chave: Agribusiness; Agricultural and Food Policy; Agricultural Finance; Community/Rural/Urban Development; Consumer/Household Economics; Crop Production/Industries; Demand and Price Analysis; Environmental Economics and Policy; Farm Management; Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy; Risk and Uncertainty; Teaching/Communication/Extension/Profession.
Ano: 2011 URL: http://purl.umn.edu/113516
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AN ANALYSIS OF THE GOVERNMENT PAYMENT PROGRAM IN US AGRICULTURE AgEcon
Gulati, Sumeet; Mishra, Ashok K..
In an analysis of the determinants of government payments to a farm the paper finds cropping patterns, soil productivity, and more importantly human capital variables such as education, and age as significant. While analyzing the effect of government payments on the profit efficiency of agriculture the paper finds that the inclusion of government payments does not cause structural change in US agriculture (i.e., a change in returns to scale of the underlying technology). Nevertheless, the paper does find evidence of an indirect effect of government payments on efficiency. Farms that received greater government payments on aggregate were more efficient than other farms.
Tipo: Working or Discussion Paper Palavras-chave: Agricultural and Food Policy; Agricultural Finance.
Ano: 2003 URL: http://purl.umn.edu/15837
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Governance Control Mechanisms in Portuguese Agricultural Credit Cooperatives AgEcon
Cabo, Paula; Rebelo, Joao.
Over the last decade Portuguese Agricultural Credit Cooperatives (ACCs) have increasingly face survival challenges related to their difficulty in gathering equity. The main source of ACCs equity is the net benefit; thus, understanding how ACCs governance can work on correcting bad economic performance is of crucial importance to overcome this constraint. The main objective of this paper is to describe the governance control mechanisms in the ACCs. Five governance mechanisms are identified: board and chairman change (internal mechanisms), central ACC intervention by an agent or by management board replacement and merger. Empirical analysis proved that the internal governance mechanisms activity is not related to the ACC performance. Additionally: (a) ACCs...
Tipo: Conference Paper or Presentation Palavras-chave: Cooperatives; Credit; Governance; Multinominal logit; Agricultural Finance; D23; L29.
Ano: 2005 URL: http://purl.umn.edu/24623
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FARM HOUSEHOLD DECISIONS UNDER VARIOUS TAX POLICIES: COMPARATIVE STATIC RESULTS AND EVIDENCE FROM HOUSEHOLD DATA AgEcon
Henningsen, Arne; Glauben, Thomas; Henning, Christian H.C.A..
The study is devoted to the comparative static analysis and econometric estimation of farm household decisions under both standard and agricultural taxes. Accounting for labor market constraints a non-separable model is constructed implying increasing per-unit costs of accessing labor markets. To control for tax-induced adjustments related to labor market imperfections we compare the results to those derived from a separable approach, assuming perfect labor markets. Theoretical results suggest that most tax-induced responses are ambivalent mainly caused by shadow prices effects. Further, tax-induced effects differ between the two model versions. In particular standard taxes may imply production adjustments in the case of non-separability. Thus, income and...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance; Consumer/Household Economics.
Ano: 2003 URL: http://purl.umn.edu/25889
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On Term Structure Models of Commodity Futures Prices and the Kaldor-Working Hypothesis AgEcon
Power, Gabriel J.; Turvey, Calum G..
Both prices and the volatility of storable agricultural commodity futures contracts have been rising since 2005 and particularly since 2007. This paper aims to answer two principal questions: (i) How has the behavior of these futures prices over time and across maturities changed with the rise of biofuels and their demand-side pres- sure on corn and related crops?, and (ii) Is there now stronger or weaker evidence of the Kaldor-Working convenience yield-storage hypothesis, whereby futures price backwardation can be explained by the high value of remaining inventory stocks when these are near stockouts? The empirical application is to Chicago Board of Trade corn, wheat and soybeans futures. To make use of all available futures data rather than only the...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance; C52; C53; G12; G13; Q13; Q14.
Ano: 2008 URL: http://purl.umn.edu/37608
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Revealing an Equitable Income Allocation among Dairy Farm Partnerships AgEcon
Dressler, Jonathan B.; Tauer, Loren W..
We formulate a method to determine an equitable division of dairy farm partnership income when partners provide unequal amounts of capital, labor, and management and empirically estimate this relationship. New York dairy farm financial data are used within fixed effects and random coefficient panel regression models to reveal a systematic division of dairy farm partnership income among operators’ labor, capital, and management while controlling for heterogeneity arising from differing herd size. Results indicate that controlling for time and heterogeneity across farms due to herd size are important factors when dividing net farm income among unpaid factors of production. Empirical estimates of allocating dairy farm partnership income to equity,...
Tipo: Working or Discussion Paper Palavras-chave: Dairy; Opportunity costs; Unpaid factors production; Net farm income; Operators’ labor; Capital; Management.; Agricultural Finance; Farm Management; Q10; Q12.
Ano: 2011 URL: http://purl.umn.edu/102116
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Gestão da qualidade na cadeia produtiva do amendoim1 AgEcon
Scalco, Andrea Rossi; Machado, Joao Guilherme de Camargo Ferraz.
Competitiveness is linked to the consumer guarantee of a safe product that satisfies his/her necessities, as well as to the efficiency of the managing and operational practices which aim at reducing costs and losses in the whole chain. This work contributes by analyzing quality management aspects among the agents of a peanut production chain: producer, storage cooperative and the processing industries. The objective of the work is to highlight the strong and weak points in these practices and introduce the necessary measures to guarantee the safety of the product and more efficiency in reducing losses. It can be affirmed that there was a significant difference in terms quality management practices between the agents in the peanut production chain. Some...
Tipo: Journal Article Palavras-chave: Product quality; Peanut production chain; Quality management; Agribusiness; Agricultural Finance; Industrial Organization.
Ano: 2009 URL: http://purl.umn.edu/90415
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Harvest Cost and Value of Citrus Operations with Alternative Technology: Real Options Approach AgEcon
Iwai, Nobuyuki; Emerson, Robert D.; Roka, Fritz M..
The prospect of immigration policy reform has renewed growers’ concerns of serious labor shortages and cost increases. These concerns are more serious for specialty crop agriculture, not only because it is highly labor intensive, but also it requires labor in a very short period, particularly at harvest time. Two representative approaches of the investment valuation have been applied to the case of harvesting mechanization for the model citrus grower in Florida. Specifically, we applied the NPV approach and the real options approach (ROA) to processed-market Hamlin orange operations in Southwest Florida.
Tipo: Conference Paper or Presentation Palavras-chave: Real options; NPV; Mechanization; Immigration policy; Harvest cost; Citrus operations; Agribusiness; Agricultural Finance; Farm Management; Labor and Human Capital; Risk and Uncertainty; Q14 – Agricultural Finance; J43 – Agricultural Labor Markets.
Ano: 2009 URL: http://purl.umn.edu/49942
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EU ENLARGEMENT TO TURKEY: POTENTIAL IMPACTS ON AGRICULTURAL MARKETS AND HOW THEY ARE SHAPED BY CHANGES IN MACROECONOMIC CONDITIONS AgEcon
Fellmann, Thomas; van Leeuwen, Myrna; Salamon, Petra.
The potential accession of Turkey to the EU, and the related adoption of the CAP by Turkey, is expected to influence agricultural markets in both the EU and Turkey. The extent of the accession impacts depends on the one hand on the way the CAP will be implemented in Turkey, while on the other hand impacts are expected to be also shaped by macroeconomic conditions (like exchange rates, GDP growth and inflation levels). In this paper we provide a comprehensive model-based assessment of the potential impacts on agricultural markets of a Turkish accession to the EU. We first assess the impacts under the assumption of standard macroeconomic projections, then we analyse how a different TL/Euro exchange rate, a doubling of the Turkish inflation rate or a doubling...
Tipo: Conference Paper or Presentation Palavras-chave: Turkey; EU enlargement; Agricultural markets; Macro economy; AGMEMOD Zusammenfassung; Türkei; EU Erweiterung; Agrarmärkte; Makroökonomie; AGMEMOD; Agribusiness; Agricultural and Food Policy; Agricultural Finance.
Ano: 2011 URL: http://purl.umn.edu/114507
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Growing more rice with less water: Increasing water productivity in rice-based cropping systems: Progress of research, 1 July 2002 to 30 June 2003. AgEcon
Tipo: Working or Discussion Paper Palavras-chave: Crop-based irrigation; Rice; Irrigation canals; Models; Groundwater; Aquifers; Agricultural and Food Policy; Agricultural Finance; Crop Production/Industries; Environmental Economics and Policy; Research and Development/Tech Change/Emerging Technologies; Resource /Energy Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/92411
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Legal Rights of Debtors and Creditors--Enforcing Real Estate Mortgages AgEcon
Rotering, Jeff; Saxowsky, David M.; Anderson, Owen L..
Tipo: Technical Report Palavras-chave: Agricultural Finance.
Ano: 1988 URL: http://purl.umn.edu/119550
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Multi-Period Asset Allocation: An Application of Discrete Stochastic Programming AgEcon
Larsen, Ryan A.; Leatham, David J.; Vedenov, Dmitry V..
The issue of modeling farm financial decisions in a dynamic framework is addressed in this paper. Discrete stochastic programming is used to model the farm portfolio over the planning period. One of the main issues of discrete stochastic programming is representing the uncertainty of the data. The development of financial scenario generation routines provides a method to model the stochastic nature of the model. In this paper, two approaches are presented for generating scenarios for a farm portfolio problem. The approaches are based on copulas and optimization. The copula method provides an alternative to the multivariate normal assumption. The optimization method generates a number of discrete outcomes which satisfy specified statistical properties by...
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Agricultural Finance; Farm Management.
Ano: 2010 URL: http://purl.umn.edu/61509
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Supermarket Loss Estimates for Fresh Fruit, Vegetables, Meat, Poultry, and Seafood and Their Use in the ERS Loss-Adjusted Food Availability Data AgEcon
Buzby, Jean C.; Wells, Hodan Farah; Axtman, Bruce; Mickey, Jana.
A certain amount of food in supermarkets is deemed unusable (“food loss”) because of moisture loss, spoilage, and other causes. This study analyzed updated food loss estimates for fresh fruit, vegetables, meat, poultry, and seafood obtained through a competitive grant with the Perishables Group, Inc. This independent consulting firm compared supplier shipment data with point-of-sale data from six large national and regional supermarket retailers to identify loss in 2005 and 2006. The new estimates, when incorporated into the ERS Loss-Adjusted Food Availability data, had little impact on aggregate per capita food loss estimates in 2006 because the new estimates were, on average, close to the previous loss assumptions. The new estimates increased annual per...
Tipo: Report Palavras-chave: Conversion factor; Food loss; Fruit; Meat; Poultry; Seafood; Supermarket; Vegetables; Agribusiness; Agricultural Finance; Financial Economics.
Ano: 2009 URL: http://purl.umn.edu/58313
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Credit Agricole et Credit Informel dans la Region Orientale de Haute-Volta: Analyse Economique, Performance Institutionnelle et Implications en Matiere de Politique de Developpement Agricole AgEcon
Tapsoba, Edouard K..
Tipo: Report Palavras-chave: Food security; Food policy; Agricultural Finance; Q18.
Ano: 1982 URL: http://purl.umn.edu/54768
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Agricultural Expenditure in the Future European Union Budget AgEcon
de Filippis, Fabrizio; Henke, Roberto; Salvatici, Luca; Sardone, Roberta.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy; Agricultural Finance.
Ano: 2011 URL: http://purl.umn.edu/114451
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South Dakota Agricultural Land Market Trends 1991-2012 AgEcon
Janssen, Larry; Pflueger, Burton.
Agricultural land values and cash rental rates in South Dakota, by region and by state, are the primary topics of this report. The target audiences for this report are farmers and ranchers, landowners, agricultural professionals (lenders, rural appraisers, professional farm managers), and policy makers interested in agricultural land market trends. This report contains the results of the 2012 SDSU South Dakota Farm Real Estate Market Survey, the 22nd annual SDSU survey developed to estimate agricultural land values and cash rental rates by land use in different regions of South Dakota.
Tipo: Technical Report Palavras-chave: Ag land; Farmland; Acreage; Cropland; Land ownership; Land use; Land tenure; Ranchland; Rental rates; Cash rent; Land values; Agricultural Finance; Farm Management; Land Economics/Use; Q15.
Ano: 2012 URL: http://purl.umn.edu/123843
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Factors Influencing Economic Success of North Dakota Farms AgEcon
Ali, Mir B.; Johnson, Roger G..
Tipo: Working or Discussion Paper Palavras-chave: Agricultural Finance; Farm Management.
Ano: 1987 URL: http://purl.umn.edu/23352
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Community Bank Assessment of Agricultural Portfolio Risk Exposure: The Literature and the Methods in Use AgEcon
Pederson, Glenn D.; Chu, Yu-Szu; Richardson, D. Wynn.
Tipo: Working or Discussion Paper Palavras-chave: Agricultural Finance.
Ano: 2011 URL: http://purl.umn.edu/107483
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FARM CREDIT POLICY IN THE EARLY STAGES OF AGRICULTURAL DEVELOPMENT AgEcon
Penny, D.H..
This paper discusses the farm credit policies pursued by governments in low-income countries. It is argued that, in the early stages of development, peasant attitudes to debt are such that cheap credit is unlikely to be a useful growth stimulus. It is shown that the effectiveness of credit depends on the ability and willingness of the peasants to devote such additional funds to productive uses. The poor performance of many government rural credit programmes in low-income countries is discussed and criteria for a successful programme are presented.
Tipo: Journal Article Palavras-chave: Agricultural Finance.
Ano: 1968 URL: http://purl.umn.edu/22689
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LENDING BY RURAL BANKS INVOLVED IN MERGERS AgEcon
Walraven, Nicholas A..
This paper employed a variety of sources of data and a number of methods to describe rural lending markets. Over the sample period, 1992 through 1998, there was a pronounced trend towards affiliation of banks, both urban and rural, with holding companies, although over this period there was little change in the concentration of banking offices in rural areas. Using data from the 1993 National Survey of Small Business Finances, the study found some evidence that rural small businesses were less likely to apply for a loan than urban small firms although those rural firms that did apply were more likely to have their application accepted.
Tipo: Journal Article Palavras-chave: Mergers; Rural banks; Agricultural Finance.
Ano: 1999 URL: http://purl.umn.edu/15379
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