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ANALYSIS OF ECONOMIC EMERGENCY LOAN ALLOCATIONS AND CREDIT MARKET EXPANSION AgEcon
Gunter, Lewell F.; Smathers, Webb M., Jr.; Ingram, Michael C.; Dubman, Robert W..
The Economic Emergency (EE) loan program, administered by the FmHA, was created by Congress in 1978. The primary purpose of the program was to provide credit to farmers who were unable to obtain credit from normal lenders due to economic stress. Over six billion dollars of EE loans were extended nationally during fiscal years 1978 through 1981. This paper examines the allocation of EE loans at the state level and the expansionary effect of the program on farm credit markets. Empirical evidence is provided that EE funds were allocated to states consistently with the general criteria cited in the development of the EE program and that the EE program expanded farm credit markets rather than displacing loans from other sources.
Tipo: Journal Article Palavras-chave: Agricultural Finance.
Ano: 1985 URL: http://purl.umn.edu/29973
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FINANCIAL ANALYSIS OF SOLAR ENERGY APPLICATIONS WITH ENDOGENOUS SYSTEM SIZING AgEcon
Gunter, Lewell F.; Smathers, Webb M., Jr..
This paper is concerned with analysis of economic feasibility of solar energy systems. Methodology for estimating energy output from different sized systems is briefly presented, and this is used to determine technical coefficients for a mixed integer model which optimizes the size of the solar heating unit for a particular use. An empirical example of hot water heating on a Georgia dairy is presented. Cost curves are provided for the dairy example to illustrate the effect of sizing on the economic feasibility of solar heating and to elucidate the structure of the optimal sizing decision.
Tipo: Journal Article Palavras-chave: Resource /Energy Economics and Policy.
Ano: 1984 URL: http://purl.umn.edu/29734
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Disparity between Hunters' Willingness to Pay and Willingness to Accept Compensation: An Empirical Example AgEcon
Stratton, Gary R.; Smathers, Webb M., Jr.; Gooding, Robert.
Willingness-to-pay (WTP) and willingness-to-accept (WTA) compensation models were estimated for hunters using a portion of the Clarks Hill wildlife Management Area during 1989-1990. Hunters' WTA values ranged from 2.8 to 8 times more than WTP. Income and wealth effects as well as property rights clearly contributed to this disparity in WTP and WTA compensation for the right to hunt in the wildlife Management Area. Responding hunters spent an average of $750 for hunting related activities or about five percent of their disposable income.
Tipo: Working or Discussion Paper Palavras-chave: Resource /Energy Economics and Policy.
Ano: 1992 URL: http://purl.umn.edu/117657
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