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Registros recuperados: 8
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ADOPTION OF BACKGROUNDING ON COW-CALF FARMS AgEcon
Popp, Michael P.; Faminow, Merle D.; Parsch, Lucas D..
A discrete choice model is used to analyze the decision to feed or sell calves at weaning. After accounting for regional factors, results show that operator perceptions toward profitability, risk, and facilities as well as control over production and attention to marketing impacted retained ownership of calves. Farm size had a minimal impact.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 1998 URL: http://purl.umn.edu/20800
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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
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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
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FACTORS AFFECTING THE ADOPTION OF VALUE-ADDED PRODUCTION ON COW-CALF FARMS AgEcon
Popp, Michael P.; Faminow, Merle D.; Parsch, Lucas D..
Factors that affect the decision to feed or sell calves at weaning are analyzed for Arkansas cow-calf operators. A discrete choice logit model is used to analyze the adoption of value-added cattle production. Farm size, human capital, perception of risk/returns and enterprise diversification are hypothesized to explain this decision. Regional factors and land quality are also accounted for. Operator perceptions towards risk, profitability and facilities were important. Production control and attention to marketing were also significant, but farm size and scale of cattle production had a minimal impact. Effects of human capital and off-farm labor opportunities need further investigation.
Tipo: Journal Article Palavras-chave: Backgrounding; Cow-calf production; Production control vs. marketing; Risk/return relationship; Technology adoption; Livestock Production/Industries.
Ano: 1999 URL: http://purl.umn.edu/15136
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HOW CROPLAND CONTRACT TYPE AND TERM DECISIONS ARE MADE: EVIDENCE FROM AN ARKANSAS TENANT SURVEY AgEcon
Bierlen, Ralph W.; Parsch, Lucas D.; Dixon, Bruce L..
This study examines land contract decision-making with the use of an eastern Arkansas data set. Estimated probit models used to test contract choice hypotheses support a credit constraint hypothesis, indicating that contract choice is based on: 1) the tenant's financial position and operating expense levels, 2) the size of the operation; 3) alternative uses of agricultural land; and 4) the supply of contracted land. Results indicate limited support for the agency problem hypothesis and reject the risk aversion and farmers managerial ability hypotheses. Regression equations used to select lease term hypotheses indicate that cash rent levels are sensitive to land quality, supply of contract acres, irrigation, and crop produced. Tenant shares of the crop...
Tipo: Journal Article Palavras-chave: Farm Management.
Ano: 1999 URL: http://purl.umn.edu/34353
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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
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PRODUCTION RISK MANAGEMENT UNDER ARKANSAS SOYBEAN RENTAL ARRANGEMENTS FROM THE TENANT'S AND LANDLORD'S PERSPECTIVE AgEcon
Dillon, Carl R.; Oriade, Caleb A.; Parsch, Lucas D..
Potential of alternative production practices and rental arrangements for risk management of both landlord and tenant, individually and jointly, is examined. Mathematical programming and simulation is used to study a hypothetical Arkansas soybean producer. Results indicate importance of lease types and risk in choice of optimal farm plans.
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management; Production Economics.
Ano: 1998 URL: http://purl.umn.edu/20781
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THE 1996 FAIR ACT: MEASURING THE IMPACTS ON LAND LEASING AgEcon
Parsch, Lucas D.; Bierlen, Ralph W.; Ahrendsen, Bruce L.; Dixon, Bruce L..
Major innovations of the 1996 FAIR Act are PFC payments and almost complete planting flexibility. Because payments are attached to the land and not production, landlords are thought to capture most of the PFC payments. With the use of a November 1997 operator survey of cropland leasing arrangements in the Mississippi Delta of Arkansas, the current study investigates changes in crop mixes on leased land, operator attitudes concerning the operator/landlord sharing of FAIR Act benefits, and changes in leasing arrangements as a results of the FAIR Act. Although a number of operators agree that landlords disproportionately benefit from the FAIR Act, about three-quarters felt that there was not change or had no opinion. Similarly, we find little evidence...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy; Public Economics.
Ano: 1998 URL: http://purl.umn.edu/20892
Registros recuperados: 8
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