| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
IMPACTS OF FINANCIAL CHARACTERISTICS AND THE BOOM-BUST CYCLE ON THE FARM INVENTORY-CASH FLOW RELATIONSHIP
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| Autores: |
Bierlen, Ralph W.
Ahrendsen, Bruce L.
Dixon, Bruce L.
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| Data: |
2003-02-13
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| Ano: |
1998
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| Palavras-chave: |
Cash flow
Credit constraints
Farm cycles
Farm inventories
Investment
Investment models
Agricultural Finance
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| Resumo: |
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.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
7175
http://purl.umn.edu/15560
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| Editor: |
AgEcon Search
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| Relação: |
Journal of Agricultural and Applied Economics>Volume 30, Number 02, December 1998
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| Formato: |
15
application/pdf
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