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| Wolfley, Jared L.; Mjelde, James W.; Klinefelter, Danny A.; Salin, Victoria. |
| Contractual arrangements for joint machinery ownership between independent agribusinesses are explored. A two-farm economic simulation model of locations in Texas, Colorado, and Montana is developed to provide insight associated with sharing combines. Important variables include combine size (efficiency), yield losses resulting from untimely access to equipment, the penalty structure for untimely delivery, and cost-sharing and depreciation deductions claimed between producers. Combine sharing is risk-reducing in most cases. The gains to both parties are lowest when harvesting periods overlap. While the value of sharing is positive under many scenarios, benefits from sharing are small relative to total farm revenue. |
| Tipo: Journal Article |
Palavras-chave: Combines; Machinery sharing; Risk; Simulation; Agribusiness; Agricultural Finance. |
| Ano: 2011 |
URL: http://purl.umn.edu/105536 |
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| Larsen, Ryan A.; Mjelde, James W.; Klinefelter, Danny A.; Wolfley, Jared L.. |
| Yield correlations between 380 different counties are calculated for non-irrigated wheat. Using this data, a function is estimated that shows the relationship between correlation and changes in geographic and climate data. In addition movement variables are included added to the specification to capture the impact of moving from one production region to another. A negative relationship was found between changes in latitude, longitude, precipitation, elevation, and temperature. Correlations and longitude and precipitation showed downward sloping concave relationship, whereas correlations and latitude showed downward sloping convex relationships. Changes in latitude and longitude are found to have greatest impact on correlation with elasticities of -1.54... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Yield Correlations; Geographical Diversification; Farm Management; Agribusiness; Crop Production/Industries; Farm Management; Risk and Uncertainty. |
| Ano: 2009 |
URL: http://purl.umn.edu/46819 |
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