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| Brady, Michael P.; Breneman, Vincent E.. |
| We report results from preliminary analysis of the recently constructed dataset from the Farm Service Agency, FSA 1614. FSA 1614 provides the location of the farm and the farm payment recipient for all Title I payments. This makes it possible to analyze the spatial dispersion between landowner and farm more precisely than previously possible. A discussion of what research questions could be informed through the use of this data is provided. We find that a significant percentage of payments are sent to individuals that are likely to be absentee landowners, although this value is much smaller when looking at the total value of payments. These national results are compared to four corn belt states. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance. |
| Ano: 2008 |
URL: http://purl.umn.edu/6418 |
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| Brady, Michael P.; Mandal, Bidisha. |
| Most adults are married, plan for retirement with their spouse, and pool assets to a significant degree. How then are each individual’s risk preferences combined in choosing the portfolio that represents for them the optimal tradeoff between risk and return? There are two pathways through which marriage could amplify the expression of individual risk preferences at the household level. First, if people choose spouses in part based on their appetite for risk, or another characteristic correlated with risk tolerance, then there could be polarization of household level risk preferences towards extremes. Second, spouses may strategically adjust their decisions to compensate for their spouse’s preferences. Is an only mildly risk averse person that is... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Households; Risk; Investing; Consumer/Household Economics. |
| Ano: 2011 |
URL: http://purl.umn.edu/103764 |
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| Brady, Michael P.; Nickerson, Cynthia J.. |
| Given that approximately half of all U.S. farmland is leased, absentee (non-operator) landowners have a significant role in agriculture. Because decisions about how to use farmland can be affected by ownership status, tenure can have far reaching implications for the production of food and fiber, as well as the extent to which environmentally sensitive farmland is cropped or is put into a conservation use. In order to better understand whether conservation participation decisions, and potential responses to factors such as commodity prices, may vary by tenure status, we exploit a unique dataset that identifies where participants associated with Conservation Reserve Program contracts live relative to the land enrolled. These data provide improved spatial... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy; Environmental Economics and Policy. |
| Ano: 2009 |
URL: http://purl.umn.edu/49369 |
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| Brady, Michael P.; Roe, Brian E.; Wu, Steven Y.. |
| Greater attention has been paid to understanding differences between individual and group decision-making in economics in recent years. While great strides have been made in understanding the relative cognitive ability of each, differences in preferences are less well understood. This study examined preferences for risk individually and in groups of two. Results show that a majority of groups act according to the preferences of one of the two pair members. This is not a result emphasized in previous social psychology research on groups. Thus, we propose a new explanation of group decision making based on strength of preference. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2006 |
URL: http://purl.umn.edu/21056 |
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| Brady, Michael P.; Sohngen, Brent. |
| This study takes advantages of recent developments in measuring total factor productivity in output specific directions to examine the influence of technological change in different agricultural sectors on land-use decisions in a cross-section of countries from 1969 to 2001. Results demonstrate a positive relationship between productivity and land in agriculture in most cases. The ruminant sector is an exception where an increase in productivity was negatively associated with amount of pastureland. The analysis also includes variables that have been found to be important determinants in other studies of land-use change. Population is clearly the dominant factor over the time period analyzed, although it is argued that other factors are likely to become... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Productivity Analysis; Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2008 |
URL: http://purl.umn.edu/6420 |
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| Yang, Nan; McCluskey, Jill J.; Brady, Michael P.. |
| The fact that wineries tend to cluster in certain sub-regions can be partially explained by the terroir of those areas. However, a gap in our understanding of the spatial relationships among wineries remains. In this article, winery-level data with geographic information system (GIS) coordinates are utilized to examine the spatial relationships among neighboring wineries. Spatial effects for the California and Washington wine industries are assessed by performing clustering tests based on wine prices and tasting scores. A spatial lag model is then estimated to test the hypothesis that there are positive effects from neighbors when analyzing the hedonic price equations. The regression results indicate that there exists strong and positive neighbor... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: GIS; Clustering; Spatial lag model; Wine; Agricultural and Food Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/61172 |
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