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Dunn, Jerry W.; Williams, Jeffery R.. |
Farm-level, cross-section and panel data were used with econometric methods to examine relationships between variability in net farm income and explanatory variables including government payments, gross crop income, gross livestock income, costs, efficiency measures, and other socioeconomic characteristics such as age, leverage, percent of land rented, and enterprise diversification. The results suggest that quantifying the impacts of socioeconomic factors on variability of net farm income is difficult. Among the income variables, changes in gross crop income had the largest impact. Among cross-section data, increases in interest costs, age, and diversification were found to have positive relationships with net income variability. However, only the... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Diversification; Farm planning; Panel data; Risk; Tobit; Agricultural Finance; Farm Management. |
Ano: 2000 |
URL: http://purl.umn.edu/36337 |
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Dunn, Jerry W.; Williams, Jeffery R.. |
Farm-level, cross-section and panel data were used with econometric methods to examine relationships between variability in the rate of return to capital managed and explanatory variables including government payments per crop acre, gross crop income, gross livestock income, costs, efficiency measures, and other socioeconomic characteristics. Quantifying the impacts of socioeconomic factors on variability of the rate of return was difficult. Increasing the standard deviation of gross revenue and government payments increased the variability in rate of return to capital managed. An increase in the variability of labor, crop & equipment, livestock, and interest costs had the opposite effect. In addition, increase in labor and livestock costs to gross... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
Ano: 2001 |
URL: http://purl.umn.edu/36151 |
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