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Impact of Government Payments, Depreciation and Inflation on Investment Behavior in American Agriculture Sector Using Sample of Kansas Farms AgEcon
Ariyaratne, Chatura B.; Featherstone, Allen M..
A farm’s physical investment is affected by its fundamental q and by its financial situation, with the later comprising both the firm’s liquidity and its possibility of facing capital market imperfections. This study determines the effects of government payments, depreciation, and inflation on crop farm machinery and equipment investment behavior employing the Nonlinear Generalized Method of Moment (GMM) estimator to estimate the investment system. The magnitude of the lagged cash flows such as government payments, cash crop income, and grain income were largely responsible for determining farm investment behavior in the Kansas agriculture sector. An increase in lagged machinery and equipment depreciation and lagged farm motor vehicle and listed property...
Tipo: Conference Paper or Presentation Palavras-chave: Investment; Liquidity; Fundamental q; Government payments; Depreciation; Inflation; Agribusiness; Agricultural Finance; Crop Production/Industries; Farm Management; Financial Economics; Livestock Production/Industries; Production Economics.
Ano: 2009 URL: http://purl.umn.edu/49301
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MEASURING X-EFFICIENCY AND SCALE EFFICIENCY FOR A SAMPLE OF AGRICULTURAL COOPERATIVES AgEcon
Ariyaratne, Chatura B.; Featherstone, Allen M.; Langemeier, Michael R.; Barton, David G..
This paper examines the efficiency of a sample of Great Plains grain marketing and farm supply cooperatives during 1988 to 1992. In general, larger cooperatives were more X-efficient and scale efficient. Labor tended to be under-utilized and capital over-utilized. Petroleum product sales and fertilizer sales were negatively related to overall efficiency. Sales of goods other than grain, fertilizers, agricultural chemicals, petroleum products, and feed was positively related to overall efficiency. Overall efficiency was significantly correlated with the rate of return to assets.
Tipo: Journal Article Palavras-chave: Agribusiness.
Ano: 2000 URL: http://purl.umn.edu/31310
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What Determines Productivity Growth of Agricultural Cooperatives? AgEcon
Ariyaratne, Chatura B.; Featherstone, Allen M.; Langemeier, Michael R..
This paper examines productivity of a sample of grain marketing and farm supply cooperatives from 1990 to 1998. The cooperative industry’s productivity or growth was mainly due to improvement in technology rather than improvement in pure efficiency or scale. The cooperative industry’s productivity was primarily associated with the grain, fertilizer, and agrochemical product lines. Policies that raise fertilizer prices would encourage a cooperative to be technically more productive. In general, policies that raise prices of grain, fertilizer, and agrochemicals would encourage a cooperative to be more productive overall.
Tipo: Journal Article Palavras-chave: Agribusiness; Cooperatives; Input bias; Output bias; Productivity; Agribusiness; Community/Rural/Urban Development; Production Economics; Productivity Analysis; D24; Q13.
Ano: 2006 URL: http://purl.umn.edu/43748
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An Analysis of Efficiency of Midwestern Agricultural Cooperatives AgEcon
Ariyaratne, Chatura B.; Featherstone, Allen M.; Langemeier, Michael R.; Barton, David G..
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 1997 URL: http://purl.umn.edu/35763
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