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| Registros recuperados: 37 | |
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| Katchova, Ani L.; Woods, Timothy A.. |
| This study examines the role that food consumer cooperatives play in the local food networks. Data are collected from three case studies with leading food cooperatives and a national survey of the general managers of food cooperatives. We identify the emerging business practices in local sourcing as a differentiation and member recruitment strategy for food cooperatives. Our analysis identifies several clusters of strategies used for local food procurement, based on the extent to which the co-op is involved in procurement activities upstream (at the farm), mid-stream (at the distribution center) or downstream (at the food cooperative). The results also show that when compared to other grocers, food co-ops have clear advantages in working with local... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Food consumer cooperatives; Local foods; Agribusiness; Marketing; Q13. |
| Ano: 2011 |
URL: http://purl.umn.edu/114767 |
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| Katchova, Ani L.; Woods, Timothy A.. |
| This study examines the role that food consumer cooperatives play in the local food networks. Data are collected from three case studies with leading food cooperatives and a national survey of the general managers of food cooperatives. We identify the emerging business practices in local sourcing as a differentiation and member recruitment strategy for food cooperatives. Our analysis identifies several clusters of strategies used for local food procurement, based on the extent to which the co-op is involved in procurement activities upstream (at the farm), mid-stream (at the distribution center) or downstream (at the food cooperative). The results also show that when compared to other grocers, food co-ops have clear advantages in working with local... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Food consumer cooperatives; Local foods; Consumer/Household Economics; Marketing; Q13. |
| Ano: 2011 |
URL: http://purl.umn.edu/103918 |
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| Zhao, Jianmei; Katchova, Ani L.; Barry, Peter J.. |
| Numerous empirical studies in the finance field have tested many theories for firms¡¦ capital structure. Under the assumption of asymmetric information, the pecking order theory proposes the financing order for farm businesses, which implies a negative relationship between their cash flow and leverage. Meanwhile, the signaling theory suggests a farms' financing strategy, meaning high quality farms prefer to facilitate their capital rising by sending diverse signals to potential lenders. Could these capital structure theories be applied for farm businesses? This paper tests the applicability of the pecking order theory and the signaling theory for farm businesses. The results show that farm businesses not only follow the pecking order theory but also the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Businesses; Pecking Order Theory; Signaling Theory; Research Methods/ Statistical Methods; Q14. |
| Ano: 2004 |
URL: http://purl.umn.edu/20215 |
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| Katchova, Ani L.. |
| This study examines the portfolio allocation of assets for farm and nonfarm households using the Agricultural Resource Management Survey and the Survey of Consumer Finances. The stylized facts of household finance, including limited participation in equity markets and heterogeneity of asset portfolios, are also confirmed for farm households. However, farm households show fewer differences in participation rates and asset allocation across wealth groups. Probit and conditional regression models indicate that fewer demographic factors affect participation rates and portfolio shares of risky assets for farm than nonfarm households. The aggregate statistics seem overwhelmingly influenced by households with large holdings of risky assets as shown by quantile... |
| Tipo: Journal Article |
Palavras-chave: Farm households; Financial management; Nonfarm households; Portfolio analysis; Quantile regression; Agricultural Finance; Financial Economics. |
| Ano: 2008 |
URL: http://purl.umn.edu/48143 |
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| Katchova, Ani L.; Nam, Sangjeong. |
| We applied the migration approach to credit scoring measurement to determine how ratings, focused on farm characteristics such as farm size, age, and farm business type, change across business cycles. The empirical results from analyzing migration matrices using data from FBFM suggest that old, large and grain farms are more likely to upgrade their classes, while young, small, livestock farms are likely to downgrade. The migration matrices for each characteristic across the business cycles show that all farm businesses (except small, livestock farms) have a tendency to deteriorate during the recession cycles regardless of their characteristics. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Migration matrix; Business cycle; Path independence; Agricultural Finance. |
| Ano: 2005 |
URL: http://purl.umn.edu/19451 |
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| Durguner, Seda; Katchova, Ani L.. |
| Employing a logit model and farm-level data for Illinois from 1995 to 2004, this study explores the importance of farm-type differences in the development of credit scoring models. Apart from the conclusion that regional credit scoring models specific to each farm type are needed, the following are identified as the most pertinent factors for explaining creditworthiness: previous years working capital to gross farm return, the debt-to-asset ratio, and return on farm assets. Furthermore, beef farms have a larger marginal effect compared to grain farms on the probability of the farmer being highly creditworthy. Hog farms differ from grain farms in how the following financial characteristics affect farmer creditworthiness: solvency, profitability, and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Creditworthiness; Credit scoring; Cut-off point; Farm type; FBFM; Agricultural Finance. |
| Ano: 2007 |
URL: http://purl.umn.edu/9356 |
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| Durguner, Seda; Barry, Peter J.; Katchova, Ani L.. |
| This paper uses FBFM (Illinois Farm Business Farm Management Association) data to analyze several key factors in the decision to categorize borrowers into acceptable or problematic and to classify borrowers across five classes. Net worth does not play significant role in the decision process for livestock farms, whereas it is significantly important for crop farms. For livestock farms, tenure ratio is not significant across classes and is generally not significant across categories depending on the cut off point used to describe acceptable or problematic borrower. However, it is significant for crop farms. Working capital to gross farm return, return on farm assets, and asset turnover ratio are all significant for both farm types. The operating expense... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Financial Economics. |
| Ano: 2006 |
URL: http://purl.umn.edu/21431 |
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| Zhang, Tianwei; Katchova, Ani L.. |
| This study uses the cohort approach to estimate the credit risk migration probability of farm business. Using data from the Farm Business and Farm Management, this study rates the credit risk into 10 risk levels plus a default level, defines a farm business cycle with peak, normal and trough periods and evaluates the effect on farm financial performance of the farm business booms and slumps. The results show that the farms with low credit risk are more likely to stay in the same risk level but the farms with high credit risk have the trend to improve their risk situation and move upwards. The results also show that the credit risk ratings are more likely to move upgrade during farm business cycle peaks. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance. |
| Ano: 2005 |
URL: http://purl.umn.edu/19292 |
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| Katchova, Ani L.. |
| This study examines whether the local competition for corn to produce ethanol has lead to significantly higher prices for farmers located close to ethanol plants. If any, such price premiums for spatial closeness would be in addition to the general level of corn price changes experienced by farmers throughout the U.S. The difference-in-differences estimation method is used to account for both time and location differences in order to measure the interaction of time and location effects. Using the USDA’s ARMS data, the results show that while prices in real terms have risen over time, farmers located close to ethanol plants have not received significantly higher prices than farmers living farther away from plants. These findings indicate that there is a... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Corn prices; Ethanol; Ethanol plant location; Difference-in-differences.; Agribusiness; Marketing; Q13. |
| Ano: 2009 |
URL: http://purl.umn.edu/49309 |
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| Katchova, Ani L.. |
| This study compares the economic well-being of farm and nonfarm households using data from the 2004 Agricultural Resource Management Survey and the 2004 Survey of Consumer Finances. Comparisons are made in terms of income and wealth using Tukey-Kramer mean separation tests, regression analysis, and inequality distributions. The results show that the economic well-being of households differs based on their degree of involvement in business activities and their life-cycle stages. The most interesting conclusion is that the well-being of rural residence and intermediate farms is comparable to that of wage-earning nonfarm households, while commercial farms are similar in well-being to nonfarm households with businesses. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Development. |
| Ano: 2006 |
URL: http://purl.umn.edu/21401 |
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| Katchova, Ani L.. |
| This study examines the financial performance and stress experienced by beginning farmers in the U.S. Using the USDA’s ARMS data, probit models are estimated to study the personal and farm characteristics that affect whether or not the financial ratios fall into critical zones. The results show that older farmers and larger farms are less likely to experience financial stress while hobby farms and livestock farms are more likely to experience financial stress. The results for beginning farmers indicate fewer significant effects. These findings point out the characteristics that agricultural lenders need to consider when evaluating farmers’ loans. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Beginning farmers; Financial performance; Financial stress; Agricultural Finance. |
| Ano: 2010 |
URL: http://purl.umn.edu/61513 |
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| Wixson, Sarah E.; Katchova, Ani L.. |
| Recent increases in the price of crude oil have led to a rise in the prominence of corn-based ethanol as an alternative source of energy. As a result linkages have been established between commodity and energy prices. The aim of this study is to determine if soybeans, corn, wheat, oil, and ethanol adjust their prices asymmetrically depending on whether their actual price is over or under-predicted with respect to one another. This study’s goal of determining if asymmetric price relationships exist is accomplished by using monthly time series price data incorporated into a distributed lag error correction model distinguishing between positive and negative price difference and positive and negative values of the error correction terms. The primary results... |
| Tipo: Presentation |
Palavras-chave: Commodity prices; Energy prices; Price asymmetry; Risk and Uncertainty; Q13. |
| Ano: 2012 |
URL: http://purl.umn.edu/122553 |
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| Registros recuperados: 37 | |
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