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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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Debt problems of developing countries seriously constrain their economic and social development as well as the prospects and pace of economic recovery in the developed countries. Debt and trade problems of Mexico are particularly important for the U.S. agricultural economy because of the size and importance of U.S.-Mexican agricultural trade. The importance of Mexico as a U.S. trading partner lends importance to research on Mexican supply, demand, and trade of agricultural commodities and on macroeconomic and monetary policies affecting Mexico's demand and capacity to import. The ninth meeting of the Consortium on Trade Research focused on the debt, trade, and payments problems of developing countries and on U.S.-Mexican economic relationships. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Debt; Trade; Mexico; United States; Agricultural policy; Research.; International Relations/Trade. |
Ano: 1983 |
URL: http://purl.umn.edu/51270 |
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Mishra, Ashok K.; El-Osta, Hisham S.. |
Farm families often hold large quantities of wealth and, like any other family, assess their financial progress by reviewing their net worth (or wealth) position periodically. Wealth has an impact on many decisions such as production, retirement, and succession of the farm. Households, in general, seek stability growth in wealth and, ideally, income as well. In the case of wealth, farm households will be better equipped to handle variability once the contributing sources are identified. This study measures how much of the variability in farm household assets and debt is attributed to the variability in farm and nonfarm sources of assets and farm and nonfarm sources of debt. Using a normalized variance decomposition approach and data from the Agricultural... |
Tipo: Journal Article |
Palavras-chave: Assets; Debt; Farm households; Variability; Variance decomposition; Farm Management; Financial Economics. |
Ano: 2005 |
URL: http://purl.umn.edu/59682 |
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Stam, Jerome M.; Dixon, Bruce L.. |
Farmer bankruptcies, bankruptcy rates, and related issues are explored from the beginning of modern bankruptcy legislation over a century ago. Farmer bankruptcies historically have been controversial because they are thought to indicate changes in the economic well-being and structure of the rural economy. Concerns about farmer bankruptcies were heightened twice during the past century. The first was from 1920 through the Great Depression and the second was during the 1980s. Bankruptcy data for Chapters 7, 11, and 13 exist for farmers for the 1899-1980 period, but there are no Chapter 7, 11, or 13 farmer bankruptcy data available beginning in 1980. However, data are available for the 1986-2002 period for Chapter 12, the Family Farmer Bankruptcy Act of... |
Tipo: Report |
Palavras-chave: Bankruptcy; Financial stress; Farm sector structure; Farm numbers; Foreclosure; Credit; Debt; Income; Agricultural Finance; Farm Management. |
Ano: 2004 |
URL: http://purl.umn.edu/33689 |
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Mora, Camilo; Department of Geography, University of Hawaii; cmora@hawaii.edu. |
Reversing ongoing declines in human welfare and biodiversity is at the core of human development. Although numerous institutions and avenues are in place to reverse such trends, there seems to be limited consideration of population growth as an ultimate driver. I review recent studies showing how the issue of population growth has been downplayed and trivialized among scientific fields, which may in part account for the reduced public interest in the issue and in turn the limited will for policy action. Different sources of evidence suggest that population growth could fundamentally affect society, nature, and the climate. Although tackling the issue of overpopulation will suffer from major impediments including scientific motivation, public scientific... |
Tipo: Peer-Reviewed Synthesis |
Palavras-chave: Biodiversity loss; Climate change; Debt; Employment; Population growth; Public outreach. |
Ano: 2014 |
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O'Toole, Conor M.; Newman, Carol F.; Hennessy, Thia C.. |
This paper uses a fundamental Q model of investment to consider the role played by financing frictions in agricultural investment decisions, controlling econometrically for censoring, heterogeneity and errors-in-variables. Our findings suggest that farmer's investment decisions are not driven by market fundamentals. We find some evidence that debt overhang restricts investment but investment is not dependent on liquidity or internal funds. The role of financing frictions in determining investment decisions changes in the post-financial crisis period when debt overhang becomes a significant impediment to farm investment. The evidence suggests that farmers increasingly rely on internal liquidity to drive investment. Finally, we find no evidence that farmers... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Credit Constraints; Firm Level Investment; Tobin's Q; Debt; Agricultural Finance; G31; G32; F34. |
Ano: 2011 |
URL: http://purl.umn.edu/114568 |
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