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Registros recuperados: 58
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Using Land Values to Predict Future Farm Income 31
Dahl, Cody P.; Gunderson, Michael A.; Moss, Charles B..
Tipo: Conference Paper or Presentation Palavras-chave: Land values; Almon lag; Farm profitability; Agribusiness; Agricultural Finance; Farm Management; Financial Economics; Production Economics.
Ano: 2010 URL: http://purl.umn.edu/56515
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Rates of Return in the Farm and Nonfarm Sectors: How Do They Compare? 31
Erickson, Kenneth W.; Moss, Charles B.; Mishra, Ashok K..
This study examines the return on agricultural assets relative to nonfinancial corporate assets in the general economy using aggregate bureau of Economic Analysis data. Our results indicate that the rate of return on nonfarm assets dominates the rate of return on agricultural assets. The average rate of return on nonfarm assets is higher than the average rate of return on farm assets, and the variance of the rate of return on nonfarm assets is lower than the variance of the rate of return on farm assets. Furthermore, the rate of return on agricultural assets only exceeds the rate of return in the nonfarm sector in 1992.
Tipo: Journal Article Palavras-chave: Farm sector accounting; Nonfarm income; Nonfarm sector; Rate of return; Returns to farm assets; Q14; Q18.
Ano: 2004 URL: http://purl.umn.edu/43477
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Profit Patterns Across American Agriculture 31
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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Extending Theil's Inequality Index: Addressing Dynamic Convergence in the OECD 31
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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The Effect of US Energy Policy and Farm Program Payments on the Bio-Fuel Sector: A Regime-Switching Approach 31
Mark, Tyler B.; Mishra, Ashok K.; Moss, Charles B..
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/61796
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A Nonparametric Kernel Representation of the Agricultural Production Function: Implications for Economic Measures of Technology 31
Livanis, Grigorios T.; Salois, Matthew J.; Moss, Charles B..
The issue of production function estimation has received recent attention, particularly in agricultural economics with the advent of precision farming. Yet, the evidence to date is far from unanimous on the proper form of the production function. This paper reexamines the use of the primal production function framework using nonparametric regression techniques. Specifically, the paper demonstrates how a nonparametric regression based on a kernel density estimator can be used to estimate a production function using data on corn production from Illinois and Indiana. Nonparametric results are compared to common parametric specifications using the Nadaraya-Watson kernel regression estimator. The parametric and nonparametric forms are also compared in terms of...
Tipo: Conference Paper or Presentation Palavras-chave: Nonparametric regression; Nonparametric derivatives; Gaussian kernel; Optimization techniques; Production function; Production Economics; C14; C15; C16; C61; Q12.
Ano: 2009 URL: http://purl.umn.edu/51063
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MARKETING CHANNELS COMPETE FOR U.S. STOCKER CATTLE 31
Schmitz, Troy G.; Moss, Charles B.; Schmitz, Andrew.
This study investigates the underlying reasons for a producer's choice of marketing channels for stocker cattle in the United States. In addition to traditional public auctions, private sales, video auctions, and Internet auctions have been recently used in the marketing of stocker cattle. Findings show that while the number of marketing options may have increased in recent years, only relatively large producers can actually take advantage of these options. The marketing options for smaller producers are still limited due to their relative size. Also, the number of cattle marketed privately and through video and Internet auctions is found to be positively correlated with herd size. In addition, the New Institutional Economics (NIE) provides insights into...
Tipo: Journal Article Palavras-chave: Internet sales; Livestock; Marketing channels; New Institutional Economics; Transaction costs; Livestock Production/Industries; Marketing.
Ano: 2003 URL: http://purl.umn.edu/14665
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Invasive Species and Biosecurity: Cost of Monitoring and Controlling Mediterranean Fruit Flies in Florida 31
Pierre, Raphael; Spreen, Thomas H.; Moss, Charles B..
The growing movement of people and goods that started in the closing years of the twentieth century has increased the possibility of the accidental or intentional introduction of biohazards that can affect agricultural production in the United States. This study examines the ex ante decision between the deployment of monitoring devices (traps) versus the use of countermeasures to control Mediterranean fruit flies in Florida. To examine this tradeoff, this study outlines a mathematical model to study the effectiveness of traps and the cost of treatment. The empirical results presented in this study indicate that additional parameterization efforts are needed.
Tipo: Journal Article Palavras-chave: Biohazards; Conditional probability; Cost of eradication; Density functions; Food Security and Poverty; C60; Q12; Q57.
Ano: 2006 URL: http://purl.umn.edu/43770
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EFFECT OF DEBT POSITION ON THE CHOICE OF MARKETING STRATEGIES FOR FLORIDA ORANGE GROWERS: A RISK EFFICIENCY APPROACH 31
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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Using APT to Assess the Impact of Farm Policy on Agribusiness Stocks 31
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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THE EXPECTED VALUE OF GENETIC INFORMATION IN LIVESTOCK FEEDING 31
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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Natural Disasters and the Yield Curve of Florida Valencias 31
Zanzig, Blair; Moss, Charles B.; Schmitz, Andrew.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 1997 URL: http://purl.umn.edu/35827
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The Development of the GDPs of the G-7 Countries, 1950-1988 31
Gao, Xiaoming; Moss, Charles B.; Theil, Henri; Weatherspoon, Dave D..
Data from the International Comparison Project are used to analyze the development of the real gross domestic products (GDPs) of the G-7 countries from 1950-1988. For the group as a whole, per capita GDP increased almost threefold in this period, whereas the inequality among the seven countries decreased dramatically.
Tipo: Journal Article Palavras-chave: G-7; GDP; Inequality; Penn World Tables.
Ano: 2003 URL: http://purl.umn.edu/43295
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Decomposing Agricultural Profitability Using DuPont Expansion and Theil’s Information Approach 31
Moss, Charles B.; Mishra, Ashok K.; Dedah, Cheikhna O..
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2009 URL: http://purl.umn.edu/49524
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Financial Appraisal of the Banks for Cooperatives 31
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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Valuing Catastrophic Citrus Losses 31
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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WHERE IS THE WALRASIAN AUCTIONEER FOR AGRICULTURAL MARKETS? AN EXAMINATION OF THE MARKETING INSTITUTION 31
Moss, Charles B.; Schmitz, Troy G.; Schmitz, Andrew.
In the classical development of economic equilibrium and efficiency, transaction costs are seldom considered. This study develops a micro- market model of an agricultural market based on quality differences. The study then develops a model of market structure based on the New Theory of the Firm. Using the two models, we draw conclusions about economic potential for E-Commerce.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2001 URL: http://purl.umn.edu/20637
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Off-farm Income and Risky Investments: What Happens to Farm and Nonfarm Assets? 31
Andersson, Hans; Ramaswami, Bharat; Moss, Charles B.; Erickson, Kenneth W.; Hallahan, Charles B.; Nehring, Richard F..
Off-farm work improves and reduces the riskiness of household income. Theoretical analyses reveal that the level and riskiness of off-farm income affect demand for farm/nonfarm investments. A two-limit Tobit model is estimated using ARMS data for 1996-2003. The impact on investment behaviour is evaluated.
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2005 URL: http://purl.umn.edu/19480
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VERTICAL INTEGRATION AND TRADE POLICY: THE CASE OF SUGAR 31
Moss, Charles B.; Schmitz, Andrew.
The degree of vertical integration in the U.S. sugar industry between raw sugar processing and sugar refining cannot be explained using theories of vertical integration based on transaction costs (e.g. Williamson). We graphically decompose the economic rents accruing to each level in the marketing channel. Different strategies of several major sugar producing, processing and refining entities with regard to sugar quota policy are explored.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Industrial Organization.
Ano: 2000 URL: http://purl.umn.edu/21754
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Estimation of Production Functions using Average Data 31
Salois, Matthew J.; Livanis, Grigorios T.; Moss, Charles B..
Agricultural economists rely on aggregated data at various levels depending on data availability and the econometric techniques employed. However, the implication of aggregation on economic relationships remains an open question. To examine the impact of aggregation on estimation, Monte Carlo techniques and data are employed on production practices.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2006 URL: http://purl.umn.edu/35401
Registros recuperados: 58
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