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Registros recuperados: 20
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A New U.S. Farm Household Typology: Implications for Agricultural Subsidies AgEcon
Briggeman, Brian C..
Changes in American agriculture have yielded a diversity of farm types. These changes have extended beyond the farm business and into the farm household. The objective of this research is to motivate, develop, and discuss the policy implications of a new typology of U.S. farm households that is based on household economic theory. Using the 2003 Agricultural Resource Management Survey and statistical analysis, six mutually exclusive groups of U.S. farm households are identified as the U.S. Farm Household Typology. This typology is then compared to the current Economic Research Service Farm Typology and used to investigate the distribution of government payments.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy.
Ano: 2006 URL: http://purl.umn.edu/21175
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Can the Federal Reserve Bank’s Survey of Agricultural Credit Conditions Forecast Land Values? AgEcon
Zakrzewicz, Christopher J.; Brorsen, B. Wade; Briggeman, Brian C..
The value of land dominates the financial structure of most American agricultural production firms, and land values are an important factor in long-term agricultural planning and risk management. As the primary source of collateral for farm loans, farmland values have significant implications for both producers as well as bankers financing agricultural loans. The Federal Reserve Bank of Kansas City’s Survey of Agricultural Credit Conditions is an expert opinion survey in which agricultural bankers provide land value forecasts. As the survey has drawn increased attention, the survey has drawn criticism regarding its use qualitative data to forecast land values. Our research examines the value of the survey data with respect to its ability to forecast...
Tipo: Conference Paper or Presentation Palavras-chave: Farmland; Forecasting; Land values; Federal Reserve Bank; Agribusiness; Financial Economics.
Ano: 2010 URL: http://purl.umn.edu/61758
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Comparison of Alternative Sources of Farmland Values AgEcon
Zakrzewicz, Christopher J.; Brorsen, B. Wade; Briggeman, Brian C..
Consistent and reliable data on farmland values is critical to assessing the overall financial health of agricultural producers. However, little is known about the idiosyncrasies and similarities of standard land value data sources – U.S. Department of Agriculture, Federal Reserve Bank land value surveys, and transaction prices. All three data sources are highly correlated, but transaction prices tend to be higher, especially for irrigated cropland and ranchland. USDA land values are reported as representing land values on January first, but instead they more closely represent first and second quarter land values according to a multi-state comparison to changes in quarterly Federal Reserve land values. Given the finding that first quarter Federal Reserve...
Tipo: Conference Paper or Presentation Palavras-chave: Land Economics/Use.
Ano: 2011 URL: http://purl.umn.edu/103758
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COMPOUND OPTIONS: A REAL OPTIONS APPLICATION TO AN AGRICULTURAL BUSINESS AgEcon
Briggeman, Brian C.; Detre, Joshua D.; Gray, Allan W..
Real options analysis integrates uncertain outcomes of investment decisions. This framework is used to analyze a new product launch from an agricultural business to a market with multiple uncertainties. Findings indicate a more accurate valuation of the investment when real options and their interactions with the investment are considered.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2004 URL: http://purl.umn.edu/19996
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Credit Access: Implications for Sole-Proprietor Household Production AgEcon
Briggeman, Brian C.; Towe, Charles A.; Morehart, Mitchell J..
The objective of this study is to explain the determinants of farm and non-farm sole proprietorship households access to credit as well as the extent their credit constraints impact their value of production. A propensity, kernel-based matching estimator was employed to provide unbiased estimates of the production impacts of being denied credit. Prior research efforts have used inferior methods, including the two-stage Heckman estimator deal with estimation issues (selection bias and endogeneity) inherent in determining impacts of credit access and use. Results suggest that credit constrained sole-proprietorships, farm and non-farm, have a significantly lower value of production, but this drop in production, when aggregated to a national level, is small.
Tipo: Conference Paper or Presentation Palavras-chave: Farm credit; Credit constraint; Debt; Agricultural Finance.
Ano: 2007 URL: http://purl.umn.edu/9707
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Credit conditions for rural businesses and farm households (PowerPoint) AgEcon
Briggeman, Brian C..
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Agricultural Finance.
Ano: 2010 URL: http://purl.umn.edu/60363
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Demand for Multimedia in the Classroom AgEcon
Boyer, Tracy A.; Briggeman, Brian C.; Norwood, F. Bailey.
This study elicits preferences for multimedia in the classroom for students and faculty members in agricultural economics. Employing an Internet-based conjoint ranking survey, the results show that students prefer multimedia instructional tools over a traditional chalkboard/whiteboard lecture format while faculty members do not. Neither students nor faculty members are enthusiastic about electronic textbooks, and students will accept them only if they save $80. Finally, preferences for multimedia are shown to differ with students who self-report differing note-taking abilities, preferences for chalkboard lectures, and the need for an engaging class. Successful multimedia adoption requires appropriate use and lowering costs for students.
Tipo: Journal Article Palavras-chave: Conjoint ranking; Instruction; Microeconomics; Multimedia instruction; Valuation; Demand and Price Analysis; Financial Economics; Institutional and Behavioral Economics; Research and Development/Tech Change/Emerging Technologies; Teaching/Communication/Extension/Profession; A22; Q19.
Ano: 2009 URL: http://purl.umn.edu/56663
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Demand for Multimedia in the Classroom: Do Students and Faculty Really Want it All? AgEcon
Boyer, Tracy A.; Briggeman, Brian C.; Norwood, F. Bailey.
Tipo: Conference Paper or Presentation Palavras-chave: Teaching/Communication/Extension/Profession.
Ano: 2008 URL: http://purl.umn.edu/6196
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Enhancing Learning via the Internet: The Internet Agricultural Bank Simulation Game AgEcon
Briggeman, Brian C.; Detre, Joshua D.; Doye, Damona G.; Lansford, Notie H., Jr..
The Oklahoma Agricultural Bank Simulation Game (Ag Bank Sim) is a software based, experiential learning tool through which participants historically have learned key financial, economic, and banking lessons. The game offers a “real world” experience in which management decisions affect institutions interacting in a geographic market, enhancing understanding of the complex, competitive environment within which commercial banks operate. A new Internet version of the game has been developed, allowing participants to play Ag Bank Sim in a virtual environment. This poster highlights features of the game and reports results of pre and post tests of undergraduate students playing the game at Louisiana State University and Oklahoma State University in the spring...
Tipo: Conference Paper or Presentation Palavras-chave: Banking; Simulation; Experiential learning; Agricultural Finance; Financial Economics; Teaching/Communication/Extension/Profession.
Ano: 2010 URL: http://purl.umn.edu/61409
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Farm Credit Employees' Perceptions of Loan Business Relative to Different Types of Borrowers AgEcon
Briggeman, Brian C.; Kenkel, Philip L..
Characteristics and potential loan volume growth of different borrower types is assessed relative to the opinions of Oklahoma Farm Credit senior officials and loan officers. Senior officials are more positive relative to the characteristics of non-traditional borrowers; however, both agree these borrowers provide the best opportunity for loan growth.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance.
Ano: 2007 URL: http://purl.umn.edu/34895
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Farming and the Internet: Factors Affecting Input Purchases Online and Reasons for Non-Adoption AgEcon
Briggeman, Brian C.; Whitacre, Brian E..
Using the 2005 ARMS data, significant factors are identified that influence the decision to purchase farm inputs over the Internet and reasons for not adopting the Internet. Internet input purchasing farmers tend to be younger and more educated. Non-adopters that are more educated most likely cite Internet security concerns as their primary reason for not adopting.
Tipo: Conference Paper or Presentation Palavras-chave: ARMS; Internet; Farming; E-commerce; Farm Management; Research and Development/Tech Change/Emerging Technologies; Q12; R1.
Ano: 2008 URL: http://purl.umn.edu/6871
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Farming and the Internet: Reasons for Non-Use AgEcon
Briggeman, Brian C.; Whitacre, Brian E..
Rural broadband infrastructure and service has received a significant amount of funding through the American Recovery and Reinvestment Act of 2009. These funds should increase broadband availability, but will broadband be used in rural areas and in particular by farmers? This paper uses Agricultural Resource Management Survey data to investigate why the majority of U.S. farmers choose not to use the Internet in their farm business. Although frequently cited by policymakers, concerns about inadequate Internet service or security actually account for a small percentage of responses. This research identifies targeted educational programs that focus on alleviating perceived barriers to Internet use.
Tipo: Journal Article Palavras-chave: ARMS; Farming; Internet; Multinomial logit; Non-use; Agribusiness; Community/Rural/Urban Development; Farm Management.
Ano: 2010 URL: http://purl.umn.edu/97008
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Identifying Abnormal Returns to Food and Agribusiness Stocks on Key Farm Policy Legislative Dates AgEcon
Detre, Joshua D.; Gunderson, Michael A.; Briggeman, Brian C..
The efficient market hypothesis would suggest that stock prices incorporate the information revealed in the public process of creating legislation as the debate occurred. Thus, there should be no abnormal returns to agribusiness stocks on key legislative dates when drafting and altering the farm bill. Using an event study methodology, key legislative dates are tested for abnormal returns to firms that supply inputs to or process outputs of agricultural producers. Typically, agribusinesses react on the date legislation emerges from the joint House and Senate conference committee.
Tipo: Journal Article Palavras-chave: Agribusiness stock values; Event study; Farm bill; Agribusiness; Agricultural and Food Policy.
Ano: 2008 URL: http://purl.umn.edu/90551
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Non-Farm Business Income and Its Subsequent Impacts on the Financial Viability of U.S. Farm Households AgEcon
Briggeman, Brian C..
Tipo: Journal Article Palavras-chave: Agribusiness.
Ano: 2008 URL: http://purl.umn.edu/48133
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Protecting Your Turf: First-mover Advantages as a Barrier to Competitor Innovation AgEcon
Briggeman, Brian C.; Gunderson, Michael A.; Detre, Joshua D..
Product innovation for a juice company and its associated first-mover advantages are analyzed. Stochastic simulation is used to model market size, price, competitive intensity, and the likelihood of competitor entry. Results of moving first allow the firm to capture market share, realize first-mover advantages in excess of $2 million, and deter competitor innovation. In addition, the proposed model is flexible enough to be applied in other industries.
Tipo: Journal Article Palavras-chave: Product innovation; First-mover advantages; Barriers to entry; Stochastic simulation; Uncertainty; Research and Development/Tech Change/Emerging Technologies.
Ano: 2006 URL: http://purl.umn.edu/8206
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Scorecarding and Heat Mapping: Tools and Concepts for Assessing Strategic Uncertainty AgEcon
Detre, Joshua D.; Briggeman, Brian C.; Boehlje, Michael; Gray, Allan W..
The dramatic changes occurring throughout the agriculture industry are creating new and different uncertainties that result from a turbulent business climate. The objective of this paper is to present a methodology to understand, assess and evaluate, and manage strategic uncertainty. The approach is to present a mental model that frames assessment of strategic uncertainty from a potential and exposure perspective. Scorecarding and heat mapping assessment tools operationalize the mental model. Participants in an executive agribusiness educational workshop applied this mental model and the assessment tools to one of three hypothetical seed companies. The participants then provided an evaluation of the usefulness and effectiveness of uncertainty scorecarding...
Tipo: Journal Article Palavras-chave: Uncertainty; Scorecarding; Strategic uncertainty; Heat mapping; Potential; Exposure; Likelihood; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/8207
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Taxpayer Preferences for Farm Policy and USDA Budget Expenditures AgEcon
Ellison, Brenna D.; Lusk, Jayson L.; Briggeman, Brian C..
Current debates on food and farm policy would benefit from an improved understanding of the public’s demand for the services provided by the USDA. We determine taxpayer’s preferences for six categories of USDA expenditures using data from a nationwide survey of almost 1,200 taxpayers. We find that taxpayers believe food safety and inspection is the most important service provided by the USDA. Although there is significant heterogeneity in people’s preferences, our results reveal that at current expenditure levels, most consumers are willing to give up some of the outcomes and benefits provided by expenditures on farm support programs to obtain more of the benefits and services provided by expenditures on food safety and inspection, natural resources and...
Tipo: Conference Paper or Presentation Palavras-chave: Taxpayer preferences; USDA budget expenditures; Farm policy; Agricultural and Food Policy; Q18.
Ano: 2011 URL: http://purl.umn.edu/98597
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THE ROLE OF DEBT IN FARMLAND OWNERSHIP AgEcon
Briggeman, Brian C..
Tipo: Journal Article Palavras-chave: Agricultural Finance; Debt; Farmland; Agricultural Finance; Land Economics/Use; Q14; Q15.
Ano: 2011 URL: http://purl.umn.edu/109471
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VALUING LIMITED INFORMATION IN DECISION MAKING UNDER UNCERTAINTY AgEcon
Gray, Allan W.; Detre, Joshua D.; Briggeman, Brian C..
Fresh Juice Inc. (FJI) is in the process of determining whether they should launch a new fruit juice in a market that has been relatively stagnant for the last 15 years. Management of FJI is faced with uncertainty surrounding market share, market size, price, and competitor entry. In addition, FJI has the ability to chose between alternative production processes; this choice directly affects the likelihood the investment will return a positive Net Present Value. This case teaches students how to develop a stochastic simulation models given limited information to analyze risk investment decisions
Tipo: Working or Discussion Paper Palavras-chave: Risk and Uncertainty.
Ano: 2005 URL: http://purl.umn.edu/28676
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Willingness to Pay for Beef Quality Attributes: Combining Mixed Logit and Latent Segmentation Approach AgEcon
Chung, Chanjin; Briggeman, Brian C.; Han, Sungill.
This study develops an alternative way of identifying the heterogeneity of WTP estimates for product attributes. The alternative approach combines mixed logit models with a latent segmentation method (MLS). First, the combined MLS approach estimates a mixed logit model and retrieve individual specific parameter estimates based on individual specific posterior distribution derived from the individual sequence of observed choices in the conjoint experiments. Second, WTPs of each choice variables are computed for each individual using the marginal rate of substitution between economic and choice variables. Finally, latent segmentation is conducted based on WTPs, individual perceptions on quality attributes, and demographic characteristics, and WTPs are...
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2008 URL: http://purl.umn.edu/6411
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