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Registros recuperados: 25 | |
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Schnitkey, Gary D.; Barry, Peter J.; Ellinger, Paul N.. |
This article describes the properties of the Farm Financial Simulation Model (FFSM). FFSM is a tool for analyzing the financial consequences of various managerial strategies and policy options that may be implemented in responding to farm financial stress. Various farm types from different geographical regions having differing enterprises, financial structures, tenure arrangements, and consumption patterns can be analyzed. The emphasis of FFSM is placed on modeling a farm's profitability, liquidity, solvency, and financial position and the model produces a coordinated set of financial statements and an extensive set of financial ratios over a four-year period. |
Tipo: Journal Article |
Palavras-chave: Farm Management. |
Ano: 1987 |
URL: http://purl.umn.edu/30195 |
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Jones, Eugene; Batte, Marvin T.; Schnitkey, Gary D.. |
Farm producers attempt to mitigate risk and uncertainty by utilizing accurate and reliable information. This research attempts to identify sources of information used by Ohio fruit producers and then determine which of these sources are best meeting their information needs. Results are based on a logit analysis of Ohio fruit producers and several factors are shown to influence producers' evaluation of the "adequacy" of their marketing information. Among these factors are age, business size, education, type of enterprise, and types of information sources. Reported findings have implications for marketing efficiency, particularly if producers' evaluation of information as adequate is positively related to its efficient use. |
Tipo: Journal Article |
Palavras-chave: Marketing. |
Ano: 1990 |
URL: http://purl.umn.edu/30009 |
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Cooper, Joseph C.; Langemeier, Michael R.; Schnitkey, Gary D.; Zulauf, Carl R.. |
Yield variability can be significantly higher at the farm level than at more aggregated levels, including the county. However, due to a dearth of available farm level data, much stochastic analysis involving farm yields utilizes more aggregated yield data as a proxy for the farm level. We empirically evaluate farm-level variability using longitudinal farm level data sets available from the Kansas Farm Management Association and the Illinois Farm Business and Farm Management Association. For corn, soybeans, and wheat, we compare the farm level yield variability obtained from this data to that inferred from Federal crop insurance premiums. The farm management data exhibit lower yield variability than are implied by the crop insurance premiums. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Yield variability; Crop insurance; Corn; Wheat; Soybeans; Agricultural and Food Policy; Crop Production/Industries; Research Methods/ Statistical Methods; Risk and Uncertainty. |
Ano: 2009 |
URL: http://purl.umn.edu/49216 |
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Zanini, Fabio C.; Sherrick, Bruce J.; Schnitkey, Gary D.; Irwin, Scott H.. |
Considerable disagreement exists about the most appropriate characterization of farm-level yield distributions. Yet, the economic importance of alternate yield distribution specifications on insurance valuation, product designs and farm-level risk management has not been investigated or documented. The results of this study demonstrate that large differences in expected payments from popular crop insurance products can arise solely from the parameterization chosen to represent yields. The results suggest that the frequently unexamined yield distribution specification may lead to incorrect conclusions in important areas of insurance and risk management research such as policy rating, and assessment of expected payments from policies. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
Ano: 2001 |
URL: http://purl.umn.edu/18953 |
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Schnitkey, Gary D.; Taylor, C. Robert; Barry, Peter J.. |
This paper examines farmland investment decisions using a stochastic dynamic programming framework. Consideration is given to the dynamic, stochastic nature of farmland returns, linkages between farmland returns and farmland prices, and the effects of the above dynamic factors on a farms financial structure. Optimal decisions to purchase or sell farmland are found for a central Illinois farm with high quality farmland. Sizes and debt distributions are then determined, given that the optimal decision rule is followed. Decisions from the dynamic programming model also are compared to a capital budgeting model. |
Tipo: Journal Article |
Palavras-chave: Land Economics/Use. |
Ano: 1989 |
URL: http://purl.umn.edu/32457 |
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Paulson, Nicholas D.; Schnitkey, Gary D.. |
The 2008 Farm Bill provided an option for receiving commodity program payments through existing programs or a new revenue-based alternative – the Average Crop Revenue Election (ACRE) program. ACRE is a state-level revenue program which, if elected, replaces the price-based countercyclical program. Enrollment requires the forfeiture of 20 percent of a producer’s direct payments and reduces loan rates by 30 percent. This article provides estimates of long-term expected ACRE payments for corn, soybean, and wheat acres across a variety of states. Within the cornbelt, expected ACRE payments are similar across regions for each of the crops considered, and will likely exceed the required reduction in direct payments. Outside of the cornbelt, expected ACRE... |
Tipo: Journal Article |
Palavras-chave: Farm Management; Production Economics. |
Ano: 2010 |
URL: http://purl.umn.edu/96411 |
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Jones, Eugene; Batte, Marvin T.; Schnitkey, Gary D.. |
A random sample of 200 Ohio fruit producers were surveyed in January 1988, regarding their use of information for decision making. Survey responses were used to determine if improved marketing information increases the likelihood of Ohio fruit producers gaining a larger share of Ohio's produce market. Results from the production adequacy equations show that larger producers and those marketing a predominate share of their fruit through wholesalers and retailers are the ones most likely to agree that their fruit production is limited by insufficient marketing information. These results suggest an opportunity for Ohio to gain a larger share of the produce market. |
Tipo: Journal Article |
Palavras-chave: Marketing. |
Ano: 1990 |
URL: http://purl.umn.edu/26551 |
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Hagedorn, Lewis A.; Irwin, Scott H.; Martines-Filho, Joao Gomes; Good, Darrel L.; Sherrick, Bruce J.; Schnitkey, Gary D.. |
The purpose of this research report is to summarize the features of several types of "new generation" grain marketing contracts. Over the last several years, new types of grain marketing contracts have been developed by the grain industry in an attempt to improve the results of the marketing process for farmers. These products use automated pricing rules, discretionary marketing on the part of a professional advisor, options strategies, or some combination of all three; their goal is to achieve a price for the farmer near or above the "average" price offered by the market over a given time. Reports in the farm media suggest interest in new generation contracts has increased rapidly in recent years. This publication describes some of the contracts... |
Tipo: Working or Discussion Paper |
Palavras-chave: Crop Production/Industries; Marketing. |
Ano: 2003 |
URL: http://purl.umn.edu/14782 |
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Zulauf, Carl R.; Schnitkey, Gary D.; Norden, Carl T.. |
Although few in number, studies consistently find that price explains little, if any, of the variation in profit across farms. This contrasts with farmers' opinions regarding the importance of price, as well as the use of price supports as a primary policy instrument. Using farm level data from the Illinois Farm Business Farm Management program for calendar years 1996 through 2004, a potential explanation for this conundrum is identified. Price is significantly more correlated with a farmer's variation in management return from year to year (approximately, +0.45) than with the variation in management return across farmers (approximately, +0.10). Thus, the conundrum arises out of different perspectives: farmers focus on the performance of their own farm... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance. |
Ano: 2006 |
URL: http://purl.umn.edu/19000 |
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Schnitkey, Gary D.; Sonka, Steven T.. |
This paper presents a conceptual framework, known as systems development, for designing, selecting, and evaluating information systems. Techniques are developed that aid farm managers in choosing an accounting system. Six farmers took part in case studies testing the selection techniques. The participating farmers exhibited great diversity in the preferred design of their accounting systems and the manner in which they desired reports to be presented. This diversity suggests that system selection is an important aspect of implementing an accounting system. |
Tipo: Journal Article |
Palavras-chave: Farm Management. |
Ano: 1986 |
URL: http://purl.umn.edu/29791 |
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Urcola, Hernan A.; Schnitkey, Gary D.; Irwin, Scott H.; Sherrick, Bruce J.. |
This study uses corn yield data from McLean County, Illinois to test whether farmer skill influences yields. This analysis is conducted by performing persistency tests on unadjusted, soil productivity adjusted (PA), and productivity and input intensity adjusted (PIA) yields. Correlation analysis and winner/loser tables indicate that unadjusted, PA, and PIA yields exhibit persistency across time. PIA yields exhibiting persistency is consistent with farmer skill influencing yield. Hence, our results support the hypothesis that farmer skill influences yields. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries. |
Ano: 2004 |
URL: http://purl.umn.edu/19991 |
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Registros recuperados: 25 | |
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