Sabiia Seb
PortuguêsEspañolEnglish
Embrapa
        Busca avançada

Botão Atualizar


Botão Atualizar

Ordenar por: RelevânciaAutorTítuloAnoImprime registros no formato resumido
Registros recuperados: 23
Primeira ... 12 ... Última
Imagem não selecionada

Imprime registro no formato completo
A STRUCTURAL APPROACH TO ESTIMATING RATE OF RETURN EXPECTATIONS OF FARMERS AgEcon
Ahrendsen, Bruce L..
A dual cost function approach is developed as an alternative to time series and simplistic approaches for estimating farmers' expected operating rates of return on assets. A translog restricted cost function is estimated using data provided by 152 North Carolina dairy farmers over the period 1976 through 1986. The predicted costs from the fitted restricted cost function are used to construct estimates of farmers' expected operating rates of return on assets. The estimates from this structural approach explain more of the variation in observed rates than do time series estimates or sample mean observed rates.
Tipo: Journal Article Palavras-chave: Estimating expectations; Rate of return; Translog cost function; Agricultural Finance.
Ano: 1993 URL: http://purl.umn.edu/15042
Imagem não selecionada

Imprime registro no formato completo
ANALYSIS OF BORROWER AND LENDER USE OF INTEREST ASSISTANCE ON FSA GUARANTEED FARM LOANS AgEcon
Ahrendsen, Bruce L.; Koenig, Steven R.; Dixon, Bruce L.; Dodson, Charles B.; Settlage, Latisha A..
The Farm Security and Rural Investment Act of 2002 made permanent the interest assistance program for the Farm Service Agency's guaranteed loans, authorized a significant increase in funding for the program, and targeted funding for beginning farmers and ranchers. The research presented here provides a basic descriptive analysis of past use. In particular, borrower data for Federal fiscal years 1985 through 2002 are examined in several dimensions. These dimensions include geographic, borrower type, lender type, interest rate differentials, percent guarantee, and the status of the loan as to whether a loss claim was paid or the loan remained active. Even though the program has been in existence for more than 15 years, little is known about its impact...
Tipo: Working or Discussion Paper Palavras-chave: Agricultural and Food Policy; Agricultural Finance.
Ano: 2004 URL: http://purl.umn.edu/15778
Imagem não selecionada

Imprime registro no formato completo
Analysis of Farm Service Agency Direct Loan Loss Likelihoods and Loss Rates AgEcon
Ahrendsen, Bruce L.; Dixon, Bruce L.; Nwoha, Ogbonnaya John; Hamm, Sandra J.; Danforth, Diana M..
The USDA's Farm Service Agency (FSA) serves as the nation's lender of last resort by providing direct loans to farmers unable to obtain credit at reasonable rates and terms. Annual loan losses have been substantial, averaging $576 million for fiscal 1994-2004. An econometric model using survey data from a sample of FSA loans originated in fiscal 1994-1996 is estimated to identify factors associated with loan losses. The results indicate previous debt settlement experience, loan type, farm type, farm size, and farm financial characteristics are important factors. This information may be used by FSA to adjust its underwriting standards in an effort to reduce loan losses and provide additional loans to farmers given its current funding.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance.
Ano: 2006 URL: http://purl.umn.edu/21454
Imagem não selecionada

Imprime registro no formato completo
Analyzing FSA Direct Loan Borrower Payback Histories: Predictors of Financial Improvement and Loan Servicing Actions AgEcon
Landerito, Aiko O.; Dixon, Bruce L.; Ahrendsen, Bruce L.; Hamm, Sandra J.; Danforth, Diana M..
Classical and count data regression models are estimated to predict improvement in three key financial indicators—net worth, debt-to-asset ratio and current ratio—as well as the number of loan restructurings and delinquencies. Data consist of Farm Service Agency direct loans originated in fiscal years 1994-1996. Models to predict outcomes vary by loan type. Models explaining variation in the financial measures have modest explanatory power but initial levels of debt-to-asset ratio and current ratio are significant in explaining changes in debt-to-asset ratios and current ratios, respectively. Models explaining number of restructurings and delinquencies for operating loans have satisfactory explanatory power. Increasing crop revenues to total farm...
Tipo: Conference Paper or Presentation Palavras-chave: FSA direct loans; Financial improvement; Loan servicing actions; Agricultural Finance; Farm Management; Q14; Q12.
Ano: 2009 URL: http://purl.umn.edu/49340
Imagem não selecionada

Imprime registro no formato completo
Arkansas Landlord Selection of Land-Leasing Contract Type and Terms AgEcon
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
Imagem não selecionada

Imprime registro no formato completo
Competing Risk Proportional Hazard Models of Farm Service Agency Direct Operating Loans AgEcon
Dixon, Bruce L.; Ahrendsen, Bruce L.; Foianini, Monica; Hamm, Sandra J.; Danforth, Diana M..
The USDA Farm Service Agency (FSA) direct farm loan program is designed to provide credit to family-sized farms unable to obtain credit from conventional sources at reasonable rates and terms despite having sufficient cash flow to repay and an ability to fully securitize the loan. FSA policy encourages borrowers to exit the program as soon as possible. This study uses Cox proportional hazard models in a competing risks framework to identify predictive factor of: (1) loan success or default, and (2) length of time to loan termination. Survey data from 1925 direct loans originated in federal fiscal years 1994-95 are used for analysis. Only data available to FSA at time of origination were collected. Since these data are all the information FSA has at time...
Tipo: Journal Article Palavras-chave: Duration; Farm Service Agency; Direct loans; Competing risks; Agricultural Finance; Risk and Uncertainty; C29; G28; Q12; Q14.
Ano: 2008 URL: http://purl.umn.edu/48140
Imagem não selecionada

Imprime registro no formato completo
CONTRACT CHOICE SELECTION WITH LAND-LEASING AGREEMENTS AgEcon
Rainey, Ronald L.; Dixon, Bruce L.; Ahrendsen, Bruce L.; Parsch, Lucas D.; Bierlen, Ralph W..
This study tests cropland contract hypotheses utilizing a landlord data set. Ordered probit and classical regression models are estimated and presented identifying factors that affect the contract type selection and terms. Results suggest credit constraints are a viable land-leasing hypothesis. Risk aversion, managerial ability, and social capital are also supported.
Tipo: Conference Paper or Presentation Palavras-chave: Land Economics/Use.
Ano: 2001 URL: http://purl.umn.edu/20644
Imagem não selecionada

Imprime registro no formato completo
DEBT DEPRECIATION, CONGLOMERATION, AND CREDIT CONSTRAINTS: EVIDENCE FROM CATTLE CYCLES AgEcon
Bierlen, Ralph W.; Dixon, Bruce L.; Ahrendsen, Bruce L..
We search for evidence consistent with the notion that endogenous credit constraints play a role in cattle cycles. Beef cow inventories are found to be more sensitive to credit constraints during periods of falling than rising asset values. Inventories of heifer replacements exhibit only weak sensitivity to credit constraints during periods of falling asset values.
Tipo: Conference Paper or Presentation Palavras-chave: Financial Economics; Livestock Production/Industries.
Ano: 1998 URL: http://purl.umn.edu/20867
Imagem não selecionada

Imprime registro no formato completo
DISTRIBUTIONAL IMPACTS OF CAPPING ELIGIBILITY FOR COMMODITY PROGRAM PAYMENTS AgEcon
Wailes, Eric J.; Chavez, Eddie C.; Danforth, Diana M.; Ahrendsen, Bruce L.; Dixon, Bruce L..
Tipo: Article Palavras-chave: Adjusted Gross Income; Commodity Payments; Eligibility; Means Test; Resource /Energy Economics and Policy; Q12; Q18.
Ano: 2011 URL: http://purl.umn.edu/120006
Imagem não selecionada

Imprime registro no formato completo
ESTIMATING PRINCIPAL OUTSTANDING MODELS FOR FARM SERVICE AGENCY GUARANTEED LOANS AgEcon
Settlage, Latisha A.; Dixon, Bruce L.; Ahrendsen, Bruce L.; Koenig, Steven R..
Financial, farm economy and bank factors are hypothesized to explain variation in FSA guaranteed loan principal outstanding. Regression models using state-level data (1990-1998) are estimated. Debt-to-asset ratios, percentage of agricultural revenues due to crops, interest rates, and off-farm income are significant variables for both farm ownership and operating loan principal.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance.
Ano: 2001 URL: http://purl.umn.edu/20738
Imagem não selecionada

Imprime registro no formato completo
FACTORS DETERMINING FSA GUARANTEED LOAN LOSS CLAIM ACTIVITY IN THE U.S. FOR 1990-1997 AgEcon
Settlage, Latisha A.; Dixon, Bruce L.; Ahrendsen, Bruce L..
The study identifies farm operator and economic characteristics explaining variation in FSA guaranteed loan loss claims rates. Regression models using state-level data are estimated. Debt-to-asset ratios, interest rates, off-farm income and bank loan-to-asset ratios explain FO loss rates. Farm size and bank loan-to-asset ratios are important to OL loss rates.
Tipo: Working or Discussion Paper Palavras-chave: Agricultural Finance.
Ano: 2000 URL: http://purl.umn.edu/15782
Imagem não selecionada

Imprime registro no formato completo
Factors Determining the Use of Guaranteed Loans by U.S. Commercial Banks AgEcon
Settlage, Latisha A.; Dixon, Bruce L.; Ahrendsen, Bruce L.; Koenig, Steven R..
Tipo: Conference Paper or Presentation Palavras-chave: Financial Economics.
Ano: 2006 URL: http://purl.umn.edu/21474
Imagem não selecionada

Imprime registro no formato completo
Farm Service Agency Direct Farm Loan Program Effectiveness Study AgEcon
Nwoha, Ogbonnaya John; Ahrendsen, Bruce L.; Dixon, Bruce L.; Chavez, Eddie C.; Hamm, Sandra J.; Settlage, Daniel M.; Danforth, Diana M..
The three primary objectives of the Effectiveness Study are to: (1) identify groups being served by FSA direct farm loan programs, (2) examine the length of time borrowers remain in the programs and the proportion of borrowers who exit or 'graduate' from the programs, and (3) measure and identify ways of reducing loan subsidy rates. The study found that direct Farm Loan Programs (FLPs) appear to be serving their intended clientele. Recent FLP borrowers are more financially stressed than non-borrowers and would be generally considered as family farms. About 78 to 92 percent would qualify as small family farms using USDA's Small Farms Commission definition. FLP credit market penetration is relatively high among farms likely to be eligible for these...
Tipo: Report Palavras-chave: Agricultural Finance.
Ano: 2005 URL: http://purl.umn.edu/15772
Imagem não selecionada

Imprime registro no formato completo
FSA Direct Farm Loan Program Graduation Rates and Reasons for Exiting AgEcon
Dixon, Bruce L.; Ahrendsen, Bruce L.; Nwoha, Ogbonnaya John; Hamm, Sandra J.; Danforth, Diana M..
Farm Service Agency (FSA) direct loans are intended to provide transitory credit to creditworthy borrowers unable to obtain conventional credit at reasonable terms. Farm loan program (FLP) effectiveness is measured in part by how readily direct loan borrowers graduate to conventional credit. A survey of FSA borrowers originating direct loans during fiscal years 1994-1996 is utilized to estimate graduation rates. A majority of 1994-1996 loan originators did exit the direct FLP by November 2004. A multinomial logit model indicates financial strength at origination resulted in greater likelihood of farming without direct loans approximately nine years after loan origination.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance.
Ano: 2006 URL: http://purl.umn.edu/21452
Imagem não selecionada

Imprime registro no formato completo
FSA Direct Farm Loan Program Graduation Rates and Reasons for Exiting AgEcon
Dixon, Bruce L.; Ahrendsen, Bruce L.; Nwoha, Ogbonnaya John; Hamm, Sandra J.; Danforth, Diana M..
Farm Service Agency (FSA) direct loans are intended to provide transitory credit to creditworthy borrowers unable to obtain conventional credit at reasonable terms. Farm loan program (FLP) effectiveness is measured in part by how readily direct loan borrowers graduate to conventional credit. A survey of FSA borrowers originating direct loans during fiscal years 1994-1996 is used to estimate graduation rates. A majority of 1994-1996 loan originators did exit the direct FLP by November 2004. A multinomial logit model indicates financial strength at origination resulted in greater likelihood of farming without direct loans approximately 9 years after loan origination.
Tipo: Journal Article Palavras-chave: Direct loans; Farm Service Agency; Graduation; Multinomial logit; Agricultural and Food Policy; G20; G28; Q12; Q14.
Ano: 2007 URL: http://purl.umn.edu/6295
Imagem não selecionada

Imprime registro no formato completo
GROWTH IN AGRICULTURAL LOAN MARKET SHARE FOR ARKANSAS COMMERCIAL BANKS AgEcon
Ahrendsen, Bruce L.; Dixon, Bruce L.; Priyanti, Atien.
Changes in commercial bank market shares of farm debt are decomposed into portfolio decisions loanable funds availability and loan market size for 64 counties in Arkansas from 1986 through 1990. A seemingly unrelated regression model is hypothesized to identify county characteristics that are related to changes in commercial bank market shares. Regression results indicate that county differences in economic activity, the relative risk associated with agriculture, farm structure and regional location contributed to changes in commercial bank market shares. The results imply a market niche for rural commercial banks emphasizing agricultural loans in the presence of unlimited branch banking.
Tipo: Journal Article Palavras-chave: Banks; Farm debt; Loan portfolio; Market share; Agricultural Finance.
Ano: 1994 URL: http://purl.umn.edu/15172
Imagem não selecionada

Imprime registro no formato completo
IMPACTS OF FINANCIAL CHARACTERISTICS AND THE BOOM-BUST CYCLE ON THE FARM INVENTORY-CASH FLOW RELATIONSHIP AgEcon
Bierlen, Ralph W.; Ahrendsen, Bruce L.; Dixon, Bruce L..
The sensitivity of farm inventory investment to movements in cash flow is tested. Inventories should be sensitive to shifts in cash flow because inventory investment is readily reversible and inventories are a significant portion of assets. Investment models estimated with Kansas farm panel data indicate that: (a) farms absorb internal finance shocks by adjusting inventories, (b) the inventory investment of livestock and high-debt farms are more sensitive to movements in cash flow than crop and low-debt farms, and (c) inventory investment is more sensitive to cash flow during the 1981-86 bust and the 1987-92 recovery than during the 1975-80 boom.
Tipo: Journal Article Palavras-chave: Cash flow; Credit constraints; Farm cycles; Farm inventories; Investment; Investment models; Agricultural Finance.
Ano: 1998 URL: http://purl.umn.edu/15560
Imagem não selecionada

Imprime registro no formato completo
INDEPENDENT COMMERCIAL BANK MERGERS AND AGRICULTURAL LENDING CONCENTRATION AgEcon
Ahrendsen, Bruce L.; Dixon, Bruce L.; Lee, Laderrek T..
In an era of rapid consolidation in banking, the effect of mergers on the availability of credit to agricultural businesses is unclear. Commercial bank mergers have profoundly altered the urban credit marketplace and are positioned to do the same for the agricultural credit marketplace. Adjustment models are estimated with data on independent bank consolidations from 1988 through 1995. The regression results bode well for agricultural lending if acquiring banks have larger concentrations of assets in agriculture than acquired banks. Conversely, if acquiring banks have smaller concentrations than acquired banks, acquisitions have a negative impact on agricultural lending. Since most acquiring banks have smaller agricultural loan concentrations than...
Tipo: Journal Article Palavras-chave: Acquisition; Agricultural loan portfolio; Banks; Consolidation; Merger; Agricultural Finance; Industrial Organization.
Ano: 1999 URL: http://purl.umn.edu/15363
Imagem não selecionada

Imprime registro no formato completo
LAND LEASING AND DEBT ON FARMS: SUBSTITUTES OR COMPLEMENTS? AgEcon
Ahrendsen, Bruce L.; Bierlen, Ralph W.; Langemeier, Larry N.; Dixon, Bruce L..
Theoretically, leasing and debt are thought to be substitutes. This assumes that a lease payment, which is a fixed obligation like a loan, displaces debt and reduces debt capacity, i.e., if firms have optimal debt to equity ratios, then, to the extent that it represents "off-balance-sheet" financing, leasing reduces debt capacity. Ang and Peterson-the seminal work in the literature-fit Tobit models with 1976 to 1981 data from 600 firms in which a leasing to book value of equity ratio is the dependent variable and a debt to book value of equity ratio and other variables are the explanatory variables. Contrary to expectations, their model results indicate that leasing and debt are complementary activities. This study follows the Ang and Peterson...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance; Land Economics/Use.
Ano: 1999 URL: http://purl.umn.edu/21671
Imagem não selecionada

Imprime registro no formato completo
Landlord Satisfaction with Arkansas Agricultural Land Agreements AgEcon
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
Registros recuperados: 23
Primeira ... 12 ... Última
 

Empresa Brasileira de Pesquisa Agropecuária - Embrapa
Todos os direitos reservados, conforme Lei n° 9.610
Política de Privacidade
Área restrita

Embrapa
Parque Estação Biológica - PqEB s/n°
Brasília, DF - Brasil - CEP 70770-901
Fone: (61) 3448-4433 - Fax: (61) 3448-4890 / 3448-4891 SAC: https://www.embrapa.br/fale-conosco

Valid HTML 4.01 Transitional