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| Registros recuperados: 10 | |
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| Ahrendsen, Bruce L.; Bierlen, Ralph W.; Langemeier, Larry N.; Dixon, Bruce L.. |
| Theoretically, leasing and debt are thought to be substitutes. This assumes that a lease payment, which is a fixed obligation like a loan, displaces debt and reduces debt capacity, i.e., if firms have optimal debt to equity ratios, then, to the extent that it represents "off-balance-sheet" financing, leasing reduces debt capacity. Ang and Peterson-the seminal work in the literature-fit Tobit models with 1976 to 1981 data from 600 firms in which a leasing to book value of equity ratio is the dependent variable and a debt to book value of equity ratio and other variables are the explanatory variables. Contrary to expectations, their model results indicate that leasing and debt are complementary activities. This study follows the Ang and Peterson... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance; Land Economics/Use. |
| Ano: 1999 |
URL: http://purl.umn.edu/21671 |
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| Parsch, Lucas D.; Bierlen, Ralph W.; Ahrendsen, Bruce L.; Dixon, Bruce L.. |
| Major innovations of the 1996 FAIR Act are PFC payments and almost complete planting flexibility. Because payments are attached to the land and not production, landlords are thought to capture most of the PFC payments. With the use of a November 1997 operator survey of cropland leasing arrangements in the Mississippi Delta of Arkansas, the current study investigates changes in crop mixes on leased land, operator attitudes concerning the operator/landlord sharing of FAIR Act benefits, and changes in leasing arrangements as a results of the FAIR Act. Although a number of operators agree that landlords disproportionately benefit from the FAIR Act, about three-quarters felt that there was not change or had no opinion. Similarly, we find little evidence... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy; Public Economics. |
| Ano: 1998 |
URL: http://purl.umn.edu/20892 |
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| Rainey, Ronald L.; Dixon, Bruce L.; Ahrendsen, Bruce L.; Parsch, Lucas D.; Bierlen, Ralph W.. |
| Land leasing is a major source of the land input to production agriculture. Responses from a survey of landlords leasing crop land in Arkansas are analyzed to better understand those factors motivating landlords in the type of lease they select and the terms of those leases. Probit models are estimated to determine the relative importance of variables representing credit constraint, agency problem, and risk aversion factors. Regression models then estimate the impact of site, landlord, and tenant characteristics on contract terms the percentage of crop and cost sharing arrangements between landlord and tenant. Probit results suggest credit constraint factors influence lease-type selection. Risk aversion, managerial ability, and social capital factors are... |
| Tipo: Journal Article |
Palavras-chave: Land leasing; Probit; Contract; Production agriculture; Land Economics/Use. |
| Ano: 2005 |
URL: http://purl.umn.edu/8175 |
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| Rainey, Ronald L.; Dixon, Bruce L.; Parsch, Lucas D.; Ahrendsen, Bruce L.; Bierlen, Ralph W.. |
| Landlord satisfaction levels with agricultural land-leasing agreements are examined with a 1998 sample of Arkansas landowners. Ordered probit models are estimated identifying which factors significantly affect satisfaction levels. Results indicate that the type of lease is not a significant determinant of landlord satisfaction levels. Proportion of landlord’s income from leasing, tenant educational background, social capital variables, presence of irrigation equipment, and perceptions about the FAIR Act were found to significantly affect lease satisfaction in at least one of the three satisfaction models estimated. A comparison with an earlier study of Arkansas tenants indicates landlords have generally higher satisfaction levels. |
| Tipo: Journal Article |
Palavras-chave: Cropland contracts; Landlord satisfaction; Leasing; Probit models; L14; Q12; Q24. |
| Ano: 2003 |
URL: http://purl.umn.edu/43156 |
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| Bierlen, Ralph W.; Grunewald, Orlen C.. |
| Hedonic price models are estimated to determine if there are incentives to supply higher quality tomatoes. Price premiums are associated with extra-large tomatoes originating from shipping points located closer to consumption points. Price differences between mature-green and vine-ripe tomatoes are not significant. Vine-ripe tomatoes are favored by consumers in the summer while mature-green tomatoes are favored the rest of the year. The U.S. Department of Agriculture should consider changing the present tomato grading system, which is based on shape and smoothness, to include a flavor indicator based on harvest maturity. |
| Tipo: Journal Article |
Palavras-chave: Tomato quality; Hedonic prices; Demand and Price Analysis. |
| Ano: 1995 |
URL: http://purl.umn.edu/15332 |
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| Bierlen, Ralph W.; Blandford, David. |
| Canadian exports of fresh carrots to the United States have increased substantially in recent years. The depreciation of the Canadian dollar against the U.S. dollar has been a major factor. Canadian government subsidies also may have had an impact by accelerating the construction of cold storage facilities. These have permitted the marketing period to be extended. However, an analysis of costs and returns suggests that cold storage of carrots is commercially profitable. Storage capacity would probably have increased without government aid. The returns to storage and the change in exchange rates are the primary factors contributing to the expansion of Canadian exports. |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade. |
| Ano: 1987 |
URL: http://purl.umn.edu/28976 |
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| Bierlen, Ralph W.; Parsch, Lucas D.; Dixon, Bruce L.. |
| This study examines land contract decision-making with the use of an eastern Arkansas data set. Estimated probit models used to test contract choice hypotheses support a credit constraint hypothesis, indicating that contract choice is based on: 1) the tenant's financial position and operating expense levels, 2) the size of the operation; 3) alternative uses of agricultural land; and 4) the supply of contracted land. Results indicate limited support for the agency problem hypothesis and reject the risk aversion and farmers managerial ability hypotheses. Regression equations used to select lease term hypotheses indicate that cash rent levels are sensitive to land quality, supply of contract acres, irrigation, and crop produced. Tenant shares of the crop... |
| Tipo: Journal Article |
Palavras-chave: Farm Management. |
| Ano: 1999 |
URL: http://purl.umn.edu/34353 |
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| Registros recuperados: 10 | |
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