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| Barnard, Freddie L.; Ellinger, Paul N.; Wilson, Christine A.. |
| It is widely accepted that net farm income reported on an accrual-adjusted income statement is a more appropriate profitability measure than net farm income reported on Schedule F of the federal tax return, which is prepared using cash basis accounting. However, a common practice among agricultural lenders is to use Schedule F net farm income, which uses the cash basis of accounting, as a proxy for accrual-adjusted net farm income. A study of 1,045 individual Illinois farms’ records from 2002 through 2006 found the median absolute annual percentage difference between a three-year average cash and a three-year average accrual-adjusted net farm incomes is 57 percent for farms of stable size; 43 percent for farms with annual gross revenue increasing at rates... |
| Tipo: Journal Article |
Palavras-chave: Agricultural Finance. |
| Ano: 2010 |
URL: http://purl.umn.edu/96408 |
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| Zhang, Tianwei; Ellinger, Paul N.. |
| Pro forma financial performance evaluation of agricultural producers is an important issue for lenders, internal management and policy makers. Lenders strive to improve their credit risk management. Internal management is interested in understanding the financial impacts of alternative strategic decisions. And policy makers often assess the magnitude and distributional effects of alternative policies on the future financial performance of farm business. Data limitations are a major impediment in assessing farm financial performance. Most traditional farm operations are private firms and thus, public traded equity information which can be converted into market valuation change is not available. Moreover, historical loan performance data on agricultural... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance. |
| Ano: 2006 |
URL: http://purl.umn.edu/21384 |
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| Schnitkey, Gary D.; Barry, Peter J.; Ellinger, Paul N.. |
| This article describes the properties of the Farm Financial Simulation Model (FFSM). FFSM is a tool for analyzing the financial consequences of various managerial strategies and policy options that may be implemented in responding to farm financial stress. Various farm types from different geographical regions having differing enterprises, financial structures, tenure arrangements, and consumption patterns can be analyzed. The emphasis of FFSM is placed on modeling a farm's profitability, liquidity, solvency, and financial position and the model produces a coordinated set of financial statements and an extensive set of financial ratios over a four-year period. |
| Tipo: Journal Article |
Palavras-chave: Farm Management. |
| Ano: 1987 |
URL: http://purl.umn.edu/30195 |
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| Nam, Sangjeong; Ellinger, Paul N.. |
| The main objective of this study is to identify the financial and market characteristics of commercial banks' branch expansion decision. The nested logit model is used to analyze the characteristics to affect the expansion decision and location choice of commercial banks due to a two-level nesting structure for branch expansion decision. The probability that banks with high deposit growth rate, assets, loan to deposit ratio or more branches open branches in rural area is less than the probability that those open branches in both areas. However, banks with high deposit growth rate, asset, loan to deposit ratio, agricultural loan rate, ROA and rural head office are more likely to open branches in both areas rather than in urban area. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Community/Rural/Urban Development. |
| Ano: 2008 |
URL: http://purl.umn.edu/6438 |
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| Barry, Peter J.; Ellinger, Paul N.. |
| In light of recent developments in agricultural credit evaluations, this study employs a multiperiod simulation model that endogenizes farm investment decisions, credit evaluations, and loan pricing based on the credit scoring procedures of agricultural lender. Model results show that credit-scored pricing yields time patterns of performance, credits classifications, and interest rates that parallel the firms investment, financing, and debt servicing activities. Moreover, the lenders price responses dampen growth incentives as credit worthiness diminished, stimulate growth as credit improves, and lead to similar capital structures over time. |
| Tipo: Journal Article |
Palavras-chave: Agricultural Finance. |
| Ano: 1989 |
URL: http://purl.umn.edu/32464 |
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