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Registros recuperados: 58 | |
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Blank, Steven C.; Erickson, Kenneth W.; Moss, Charles B.. |
To remain viable, agriculture in each location must offer returns that are competitive with those from alternative investments and sufficient to cover producers' financial obligations. Economic theory says that rates of return converge over time as resources flow into more-profitable industries and out of less-profitable industries, causing factor price changes. Both traditional growth and trade theories say factor markets will adjust to equalize commodity returns over time. This study examines spatial relationships in agriculture's profitability over time. Results show temporal and spatial convergence of returns consistent with trade and development theories. However, there are profit patterns unique to state/regional agriculture, raising policy... |
Tipo: Journal Article |
Palavras-chave: Convergence; Return on assets; "risk of ruin"; Agribusiness. |
Ano: 2005 |
URL: http://purl.umn.edu/31212 |
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Weatherspoon, Dave D.; Seale, James L., Jr.; Moss, Charles B.. |
Theil’s inequality index is used to measure convergence in 14 Organization for Economic Cooperation and Development (OECD) countries in terms of per capita income, per capita government and investment expenditures, and industrial employment. Results indicate that all four variables have converged over the sample period, 1950-1988. Next, the indices of the four variables are made dynamic by using pairwise cointegration and Johansen’s I(2) multi-cointegration tests. These tests indicate that the four inequalities are cointegrated; that is, there exists a long-run equilibrium between the four inequalities of the 14 OECD countries. However, the inequality in per capita government expenditure has no effect on the G-7 equilibrium when analyzed without the... |
Tipo: Journal Article |
Palavras-chave: Cointegration; Convergence; G-7; Inequality; OECD. |
Ano: 2003 |
URL: http://purl.umn.edu/43300 |
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Moss, Charles B.; Ford, Stephen A.; Castejon, Mario. |
This study examined the relationship between debt position and choice of marketing instrument. Specifically, this study employed first and second degree stochastic dominance, and stochastic dominance with respect to a function to determine whether the efficient marketing instrument changes between debt positions. The results indicate that the choice of marketing instrument does vary with debt position in some marketing periods if the decision-maker is moderately risk averse. |
Tipo: Journal Article |
Palavras-chave: Marketing. |
Ano: 1991 |
URL: http://purl.umn.edu/30046 |
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Gunderson, Michael A.; Moss, Charles B.. |
This study investigates the impact of differing U. S. Farm Policy regimes on the stock prices of publicly traded agribusinesses. Following the Roll and Ross approach, we apply a two step Arbitrage Pricing Model (APM). We analyze the effect of agricultural policy on returns to agribusiness by applying a modified APM to agricultural returns to test for the presence of an agribusiness premium or discount. We further augment our analysis by dividing the sample into two time periods around the implementation of the 1996. The differences in agribusiness premium can then be tested using a paired t-test. The empirical evidence lends support to a switch from negative returns to agribusiness stocks pre-FAIR Act to positive returns to agribusiness stocks after its... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness; Agricultural and Food Policy. |
Ano: 2007 |
URL: http://purl.umn.edu/9775 |
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Lambert, David K.; DeVuyst, Eric A.; Moss, Charles B.. |
Scientific inquiry is increasing our knowledge of plant and animal genomics. The ability to specify heterogeneous production processes, to sort agricultural inputs by genotype, or to guide breeding programs to satisfy specific markets based on genetic expression may potentially increase producer and consumer benefits. This research develops a decision analysis framework to assess the expected value of genetic information. Expected returns are evaluated both in the presence of, and without, genetic trait information. Potential gains in the value of information can be quantified as research unravels the linkages between genetics and crop and animal performance and quality. An application to cattle feeding indicates potential gains to developing markets... |
Tipo: Working or Discussion Paper |
Palavras-chave: Value of information; Genetics; Livestock; Livestock Production/Industries. |
Ano: 2006 |
URL: http://purl.umn.edu/23609 |
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Weldon, Richard N.; Srinarni, Endah; Moss, Charles B.; VanSickle, John J.. |
This study examines the financial situation of the Farm Credit System Banks for Cooperatives using comparative analysis for the period 1978 through 1991. Profitability and leverage measures of the Banks for Cooperatives are compared with similar measures of large commercial banks. The Banks for Cooperatives were found to have performed as well as large commercial banks. Some differences can be explained as compatible with differences in the goals and objectives of a cooperative versus an investor-owned firm. Most differences can be attributed to the financial strength of the Banks for Cooperatives relative to the commercial banking industry. |
Tipo: Journal Article |
Palavras-chave: Agribusiness; Agricultural Finance. |
Ano: 1994 |
URL: http://purl.umn.edu/46400 |
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Adams, Damian C.; Kilmer, Richard L.; Moss, Charles B.; Schmitz, Andrew. |
Courts are often required to estimate changes in welfare to agricultural operations from catastrophic events. For example, courts must assign damages in lawsuits, such as with pesticide drift cases, or determine "just compensation" when the government takes private land for public use, as with the removal of dairy farms from environmentally sensitive land or destruction of canker-contaminated citrus trees. In economics, the traditional method of quantifying producer losses is estimating changes in producer welfare, but courts rarely use this method. Instead, they turn to substitute valuation methods that may not fully capture welfare changes, such as changes in land value, tree replacement value, and total revenue. This study examines various measures for... |
Tipo: Working or Discussion Paper |
Palavras-chave: Citrus; Perennial crops; Catastrophic loss; Damages; Freeze; Crop Production/Industries. |
Ano: 2004 |
URL: http://purl.umn.edu/15673 |
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Registros recuperados: 58 | |
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