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Registros recuperados: 10
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ARE ECONOMIC FUNDAMENTALS DRIVING FARMLAND VALUES? AgEcon
Gloy, Brent A.; Boehlje, Michael; Dobbins, Craig L.; Hurt, Christopher; Baker, Timothy G..
Tipo: Journal Article Palavras-chave: Farmland; Land Value; Agricultural Finance; Land Economics/Use; Q14; Q15.
Ano: 2011 URL: http://purl.umn.edu/109470
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Cotton Price Policy and New Cereal Technology in the Malian Cotton Zone AgEcon
Coulibaly, Jeanne Y.; Sanders, John H.; Preckel, Paul V.; Baker, Timothy G..
During the last decade, cotton production and area have been declining as a result of depleting soil nutrients and low cotton prices in the cotton zone of Mali. This paper shows that the Malian government’s 2011 policy to increase the farm gate cotton price as a response to world cotton price increase enhances farm income but has less impact on cotton than on maize production. A complementary policy of introducing new sorghum technologies would have an equal impact on farmers’ incomes in the cotton zone of Mali.
Tipo: Conference Paper or Presentation Palavras-chave: Cotton prices; Improved sorghum technology; Discrete stochastic programming; Mali; Agricultural and Food Policy; Farm Management; International Development; Production Economics; Risk and Uncertainty.
Ano: 2011 URL: http://purl.umn.edu/103755
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FARM OPERATING RISK AND CASH RENT DETERMINATION AgEcon
Turvey, Calum G.; Baker, Timothy G.; Weersink, Alfons.
This article examines farm operating risks and cash-rent determination through the use of the efficient set mathematics. The efficient set mathematics proves to be a pragmatic approach to characterizing operating risks, and the relationships between operating risks and cash-rent determination. Various separation theorems are used to postulate the relationship between operating risk and cash rents. Preliminary evidence appears to support the theoretical conclusion that opperating risk and cash-rent determination are related.
Tipo: Journal Article Palavras-chave: Agricultural Finance; Farm Management; Risk and Uncertainty.
Ano: 1992 URL: http://purl.umn.edu/30733
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EVALUATING RISK MANAGEMENT STRATEGIES USING STOCHASTIC DOMINANCE WITH A RISK FREE ASSET AgEcon
Gloy, Brent A.; Baker, Timothy G..
The stochastic dominance with a risk free asset (SDRA) criteria are evaluated. Results show that the inclusion of the risk free asset (combined with the traditional assumptions of stochastic dominance) produce risk efficiency criteria that are very powerful at narrowing the risk management alternatives relevant for farm manager's further consideration.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/21673
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FINANCING ASPECTS OF INVESTMENTS FOR POLLUTION ABATEMENT ON MICHIGAN DAIRY FARMS AgEcon
Baker, Timothy G..
In recent years the condition of our physical environment has become an area of increasing public concern. This concern has manifested itself in the form of legislated rules, formulated and administered by public agencies at the local, state, and federal levels, designed to control the use and degradation of the environment in a manner consistent with societal goals and objectives. Of the forms of environmental degradation pollution of the air and waters has received particular attention. Agriculture has a number of sources or potential sources of pollution. These include: (1) human wastes from the farm (human) population; (2) crop residues; (3) food processing wastes; (4) dead animals; (5) agricultural chemical residues; and (6) animal wastes....
Tipo: Thesis or Dissertation Palavras-chave: Environmental Economics and Policy; Livestock Production/Industries.
Ano: 1975 URL: http://purl.umn.edu/11129
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CONTRACT INCENTIVES AND EXCESSIVE NITROGEN USE IN AGRICULTURE AgEcon
Preckel, Paul V.; Shively, Gerald E.; Baker, Timothy G.; Chu, Mei-Chin; Burrell, Jessica Eide.
This study examines incentives for input use under tournament contracts. We analyze implications of contract design for nitrate-based environmental externalities generated by agricultural producers. Outcomes are compared from contracts awarded by tournament to those from fixed-payment contracts. Our findings show contract insecurity can distort input use. The model developed in this analysis is applied to a region of the U.S. where tournament-based production is prevalent and groundwater contamination is a problem. We find contract insecurity increases nitrogen use by about 12%, resulting in a 17% increase in nitrate leaching. Implications for contract modification to reduce environmental externalities while maintaining contract incentives are discussed.
Tipo: Journal Article Palavras-chave: Crop Production/Industries.
Ano: 2000 URL: http://purl.umn.edu/30902
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Evaluating the Dynamic Nature of Market Risk AgEcon
Hubbs, Todd; Kuethe, Todd H.; Baker, Timothy G..
This study examines the systematic risk present in major crops for the United States and three corn-belt states. An index of commodities is used in conjunction with cash receipts to generate dynamic estimates of the systematic risk for each crop and state. In our study, we find that beta estimates from a time varying parameter model (FLS) and OLS formulation are substantially different. From our graphs of betas over time, one gains insight into the changing nature of risk and the impact of institutional and macroeconomic events. Systematic risk is shown to increase for most crops over the analyzed period with significant changes in volatility after the collapse of the Bretton Woods Accord.
Tipo: Conference Paper or Presentation Palavras-chave: Systematic risk; Flexible least squares; Single index model; Farm policy; Macroeconomics; Agribusiness; Agricultural Finance; Consumer/Household Economics; Demand and Price Analysis; Farm Management; Financial Economics; Institutional and Behavioral Economics; Marketing; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/53037
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A COMPARISON OF CRITERIA FOR EVALUATING RISK MANAGEMENT STRATEGIES AgEcon
Baker, Timothy G.; Gloy, Brent A..
Several criteria that produce rankings of risk management alternatives are evaluated. The criteria considered are Value at Risk, the Sharpe ratio, the necessary condition for first degree stochastic dominance with a risk free asset, and the necessary condition for second degree stochastic dominance with a risk free asset. The effectiveness of the criteria increases as decision-makers are assumed to be more risk averse and have greater access to financial leverage.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 2000 URL: http://purl.umn.edu/21726
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Seed Corn Tournament Contracts and Excess Nitrogen Application AgEcon
Preckel, Paul V.; Baker, Timothy G.; Eide, Jessica.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 1997 URL: http://purl.umn.edu/35861
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THE EFFECTS OF RISK MANAGEMENT STRATEGIES WITH DIVERSIFIED HOG/CROP PRODUCTION AgEcon
Nydene, Cory; Patrick, George F.; Baker, Timothy G..
Risk management strategies were compared using a corn/soybean farm, a hog farm, and a diversified hog/crop farm. Results suggest risk management tools are more effective in combinations, hog/crop diversification shows limited risk reducing benefits, and the effects of choosing among risk management tools may be overemphasized.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/21694
Registros recuperados: 10
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