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| Registros recuperados: 46 | |
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| Wetzstein, Michael E.; Musser, Wesley N.; McClendon, Ronald W.; Edwards, David M.. |
| The importance of timeliness is investigated in the selection of machinery complements for double-crop wheat and soybean production in the southeastern coastal plain. An intertemporal stochastic simulation model was developed to generate probability distributions that were evaluated with stochastic dominance analysis. This research investigated the importance of intertemporal production linkages and adequate soil moisture on machinery selection. Failure to include these dimensions can result in erroneous machinery choices. |
| Tipo: Journal Article |
Palavras-chave: Farm Management. |
| Ano: 1990 |
URL: http://purl.umn.edu/29998 |
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| Ford, Beth Pride; Musser, Wesley N.. |
| Previous studies of historical risk have used either nominal or real data to calculate risk measures for agricultural prices and income. However, the effects of using nominal and real data have not been evaluated. This study utilizes theoretical variance approximation relationships to examine variances from detrended real and nominal time series. The relationships between variances are derived for quarterly U.S. farm milk prices for 1960-72, 1973-80, and 1981-90. Contrary to common intuitive arguments, results indicate that variances of real time series can be larger than variances of nominal series. While definitive conclusions are not possible, several reasons for using nominal data in risk analysis are given. |
| Tipo: Journal Article |
Palavras-chave: Detrending; Indices; Nominal data; Risk measurement; Risk and Uncertainty. |
| Ano: 1995 |
URL: http://purl.umn.edu/15259 |
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| Parsons, Robert L.; Hanson, Gregory D.; Musser, Wesley N.; Freund, Roland; Power, Lehan. |
| A financial training program designed by Cooperative Extension specialists was provided to over 2,000 USDA/FSA borrowers from the Northeast during the period 1994-1999. Key to the success of the workshops was an in-depth, user friendly curriculum that evolved over time, eventually replacing satellite-feed instruction with pre-taped videos. Cluster analysis classified nearly 70% of workshop participants as "Low Finance Priority" or "Low Finance Knowledge." Farmers in these clusters received a relatively greater educational benefit from the program than those not in these clusters. Impact analysis indicated that perceived annual gain in farm net worth from application of workshop tools ranged from approximately $5,000 to $10,000. The training addressed the... |
| Tipo: Journal Article |
Palavras-chave: Agricultural Finance. |
| Ano: 2000 |
URL: http://purl.umn.edu/31298 |
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| Musser, Wesley N.; Alexander, Vickie J.; Tew, Bernard V.; Smittle, Doyle A.. |
| Rotations have historically been used to alleviate pest problems in crop production. This paper considers methods of modeling rotations in linear programming models for Southeastern vegetable production. In such models, entering each possible crop rotation as a separate activity can be burdensome because of the large numbers of possible rotational alternatives. Conventional methodology for double crop rotations reduces the number of activities but must be adapted to accommodate triple crop rotational requirements in vegetable production. This paper demonstrates these methods both for a simple example and an empirical problem with numerous rotation alternatives. While the methods presented in this paper may have computational disadvantages compared to... |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1985 |
URL: http://purl.umn.edu/29375 |
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| Lynch, Lori; Musser, Wesley N.. |
| While agricultural land preservation programs seek to maximize number of acres, to preserve productive farms, to preserve contiguous farms, and to preserve threatened farms, they are often evaluated solely on the number of acres preserved. Using a Farrell efficiency analysis, preserved parcels in four Maryland counties were evaluated for all four goals. Comparisons are made between program Econometric analysis used these efficiency measures as dependent variables. Parcel size and productive farms were the most frequently used criteria to determine efficiency. In addition, purchase of development right programs were most successful in trading off objectives. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Land Economics/Use. |
| Ano: 2000 |
URL: http://purl.umn.edu/28592 |
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| Wetzstein, Michael E.; Musser, Wesley N.; Linder, David K.; Douce, G. Keith. |
| Principal component analysis in employed to develop indices that distinguish between participants and nonparticipants in Integrated Pest Management (IPM) programs. Results of incorporating these indices into yield, net return, and production cost functions for cotton producers indicate that both yield and costs increase as the degree of producer participation in IPM increases. Although these results are inconsistent with previous research, they are consistent with the theoretical relationship between IPM and conventional input usage. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1985 |
URL: http://purl.umn.edu/32308 |
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| Laughland, Andrew S.; Musser, Wesley N.; Musser, Lynn M.. |
| Social desirability (SD) represents the problem of subjects responding with social norms rather than individual values. This paper briefly surveys the SD literature and considers its relevance for contingent valuation (CV) studies. In an empirical study, undergraduate students were administered the Marlowe-Crowne Social Desirability Scale, as well as CV questions. High SD scores were hypothesized to imply a greater likelihood of offering a protest reason for a zero bid and to increase bids for socially desirable commodities. While all hypotheses were not supported, the empirical results suggest that SD can influence CV responses and should not be dismissed prematurely. |
| Tipo: Journal Article |
Palavras-chave: Research Methods/ Statistical Methods. |
| Ano: 1994 |
URL: http://purl.umn.edu/31323 |
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| Musser, Wesley N.; McCarl, Bruce A.; Smith, G. Scott. |
| A model with omitted resource constraints is suggested as an alternative to a risk aversion model for explaining economic behavior. This paper uses two standard mathematical programming models to further explore this issue. One model is a standard profit maximization linear programming model and the other is a risk averse quadratic programming model with part of the constraints deleted. Theoretical investigation of these models demonstrates that risk aversion can substitute for omitted resource constraints. A small empirical model is then solved under both formulations. With resource constraints deleted, positive risk aversion is necessary to obtain a similar enterprise organization as under profit maximization with complete constraints. These two... |
| Tipo: Journal Article |
Palavras-chave: Risk and Uncertainty. |
| Ano: 1986 |
URL: http://purl.umn.edu/29787 |
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| Xu, Pei; Alexander, Corinne E.; Patrick, George F.; Musser, Wesley N.. |
| Producers' risk perceptions, as well as their empirical measurement, have been an on-going concern for agricultural economists. Identification and categorization of producers' risk attitudes is important in both research and extension contexts. This study explores some alternative measures of farmers' attitudes and their relationships with observed producer behavior. The effect of farmers' personality types, as derived from the Myers-Briggs personality type indicator test, on marketing behavior is also explored. There were positive and statistically significant correlations of producers' risk attitudes in various areas of the farm business. However, there are also some differences in producers' willingness to risk, especially in the finance area.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management; Risk and Uncertainty. |
| Ano: 2005 |
URL: http://purl.umn.edu/28677 |
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| McNew, Kevin; Musser, Wesley N.. |
| The current agricultural marketing literature has considerable controversy about the optimal use of hedging for farmers. Much of this literature has very limited data on farmer behavior and an evaluation of the outcome of this behavior. This paper uses data from a hedging game from Maryland marketing clubs for 1994-1998. Hypotheses concerning the consistency of farmer behavior with the research literature on hedging are considered. Results indicate that farmers do not achieve price enhancement from hedging. However, their decisions do not conform to implications of optimal hedging models in a number of dimensions. This analysis provides further information to help bridge the gap between academic research and practical hedging. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Grain Marketing; Hedging; Risk Management; Demand and Price Analysis; Marketing. |
| Ano: 2000 |
URL: http://purl.umn.edu/28568 |
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| Registros recuperados: 46 | |
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