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The Impacts of Farm Financial Structure on Production Efficiency AgEcon
Lambert, David K.; Bayda, Volodymyr V..
Farm financial structure may affect both short- and long-run input usage, thereby affecting farm efficiency. Any inefficiencies arising from the choice of inputs can be magnified over time as credit constraints continue to affect input usage. In a panel of 54 North Dakota crop farms, efficiency and debt structure were related. Intermediate debt was found to be positively related to farm technical efficiency, and short-term debt was negatively associated with technical efficiency. Use of intermediate-term debt was positively associated with farm-scale efficiency, whereas no significant relationship was found between short- and long-term debt and scale efficiency.
Tipo: Journal Article Palavras-chave: Data envelopment analysis; Farm credit; Farm efficiency; Financial structure; Farm Management; Financial Economics; Production Economics; Q1; Q12; Q16.
Ano: 2005 URL: http://purl.umn.edu/43738
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ECONOMIC RISK AND THE STRUCTURAL CHARACTERISTICS OF FARM BUSINESSES AgEcon
Barry, Peter J.; Escalante, Cesar L.; Bard, Sharon K..
Using longitudinal panel farm-level data, this study finds that income variability may be materially influenced by farm size. Econometric results suggest that policy analyses and other considerations of the distributional effects of, and response to, income variability for commercial scale family farms may concentrate on farm size and other structural variables.
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Income variability; Farm size; Financial structure; Farm Management; Industrial Organization.
Ano: 2000 URL: http://purl.umn.edu/21778
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The Horizon Problem Reconsidered AgEcon
Olesen, Henrik Ballebye.
This paper challenges the general view in the literature that cooperatives underinvest, because some members will exit the cooperative before the full benefits from their investments are harvested (the horizon problem). This paper demonstrates that full equity redemption will solve the horizon problem. The majority of members will, however, bias the exit payment to their own advantage. This will lead to overinvestment. Thus, the main finding in this paper is that if there is a horizon problem, it will lead to overinvestment – not underinvestment.
Tipo: Conference Paper or Presentation Palavras-chave: Cooperatives; Investment incentives; Financial structure; Agribusiness; D23; J54; P13.
Ano: 2005 URL: http://purl.umn.edu/24489
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SUSTENTABILIDAD FINANCIERA: EL CASO DE UNA EMPRESA GANADERA DE BOVINO DE DOBLE PROPÓSITO AgEcon
Ruiz Guevara, Carlos; Garcia Hernandez, Luis Arturo; Avila Bello, Carlos Hector; Brunett Perez, Luis.
This analysis examines financial structure, costs, profits, and economic equilibrium with productivity level and economic feasibility to assure continuity in beef cattle double purpose system. Productivity and accountant information from an enterprise Veracruz south state in a year were caught. Enterprise structure shows that work with own resources, and has a $111,709.19 profit and $21,492.49 loss; 67% incomes from dairy sale and 33% come from beef sale. Steady costs are 52%, and variable costs are 48%. Equilibrium point is fixed in 241,864.40 and 14,388.66 kilograms in dairy and beef production respectively. Kilogram production cost for milk was $2.66, and $12.94 for beef. Results show a need to use financial accountant to take choices for enterprise...
Tipo: Journal Article Palavras-chave: Analysis; Financial structure; Costs; Profits; And economic equilibrium.; Agribusiness.
Ano: 2008 URL: http://purl.umn.edu/48819
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