|
|
|
|
|
| Parsch, Lucas D.; Bierlen, Ralph W.; Ahrendsen, Bruce L.; Dixon, Bruce L.. |
| Major innovations of the 1996 FAIR Act are PFC payments and almost complete planting flexibility. Because payments are attached to the land and not production, landlords are thought to capture most of the PFC payments. With the use of a November 1997 operator survey of cropland leasing arrangements in the Mississippi Delta of Arkansas, the current study investigates changes in crop mixes on leased land, operator attitudes concerning the operator/landlord sharing of FAIR Act benefits, and changes in leasing arrangements as a results of the FAIR Act. Although a number of operators agree that landlords disproportionately benefit from the FAIR Act, about three-quarters felt that there was not change or had no opinion. Similarly, we find little evidence... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy; Public Economics. |
| Ano: 1998 |
URL: http://purl.umn.edu/20892 |
| |
|
|
| Rainey, Ronald L.; Dixon, Bruce L.; Ahrendsen, Bruce L.; Parsch, Lucas D.; Bierlen, Ralph W.. |
| Land leasing is a major source of the land input to production agriculture. Responses from a survey of landlords leasing crop land in Arkansas are analyzed to better understand those factors motivating landlords in the type of lease they select and the terms of those leases. Probit models are estimated to determine the relative importance of variables representing credit constraint, agency problem, and risk aversion factors. Regression models then estimate the impact of site, landlord, and tenant characteristics on contract terms the percentage of crop and cost sharing arrangements between landlord and tenant. Probit results suggest credit constraint factors influence lease-type selection. Risk aversion, managerial ability, and social capital factors are... |
| Tipo: Journal Article |
Palavras-chave: Land leasing; Probit; Contract; Production agriculture; Land Economics/Use. |
| Ano: 2005 |
URL: http://purl.umn.edu/8175 |
| |
|
| |
|
| |
|
|
| Rainey, Ronald L.; Dixon, Bruce L.; Parsch, Lucas D.; Ahrendsen, Bruce L.; Bierlen, Ralph W.. |
| Landlord satisfaction levels with agricultural land-leasing agreements are examined with a 1998 sample of Arkansas landowners. Ordered probit models are estimated identifying which factors significantly affect satisfaction levels. Results indicate that the type of lease is not a significant determinant of landlord satisfaction levels. Proportion of landlord’s income from leasing, tenant educational background, social capital variables, presence of irrigation equipment, and perceptions about the FAIR Act were found to significantly affect lease satisfaction in at least one of the three satisfaction models estimated. A comparison with an earlier study of Arkansas tenants indicates landlords have generally higher satisfaction levels. |
| Tipo: Journal Article |
Palavras-chave: Cropland contracts; Landlord satisfaction; Leasing; Probit models; L14; Q12; Q24. |
| Ano: 2003 |
URL: http://purl.umn.edu/43156 |
| |
|
| |
|
| |
|
|
| Bierlen, Ralph W.; Parsch, Lucas D.; Dixon, Bruce L.. |
| This study examines land contract decision-making with the use of an eastern Arkansas data set. Estimated probit models used to test contract choice hypotheses support a credit constraint hypothesis, indicating that contract choice is based on: 1) the tenant's financial position and operating expense levels, 2) the size of the operation; 3) alternative uses of agricultural land; and 4) the supply of contracted land. Results indicate limited support for the agency problem hypothesis and reject the risk aversion and farmers managerial ability hypotheses. Regression equations used to select lease term hypotheses indicate that cash rent levels are sensitive to land quality, supply of contract acres, irrigation, and crop produced. Tenant shares of the crop... |
| Tipo: Journal Article |
Palavras-chave: Farm Management. |
| Ano: 1999 |
URL: http://purl.umn.edu/34353 |
| |
|
|
|
