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| Registros recuperados: 27 | |
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| Blank, Steven C.. |
| The single index model (SIM), developed for analysis of financial assets, is assessed as a tool for evaluating the risk-return tradeoff faced in agricultural enterprise selection. This study tests whether some of the hypotheses underlying the SIM are valid when the SIM is used in agricultural cropping decisions. Empirical evidence from county level data does not support SIM hypotheses, indicating that more robust results might come from multiple index models. |
| Tipo: Journal Article |
Palavras-chave: Agricultural Finance; Risk and Uncertainty. |
| Ano: 1991 |
URL: http://purl.umn.edu/32609 |
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| Blank, Steven C.; Erickson, Kenneth W.; Moss, Charles B.. |
| To remain viable, agriculture in each location must offer returns that are competitive with those from alternative investments and sufficient to cover producers' financial obligations. Economic theory says that rates of return converge over time as resources flow into more-profitable industries and out of less-profitable industries, causing factor price changes. Both traditional growth and trade theories say factor markets will adjust to equalize commodity returns over time. This study examines spatial relationships in agriculture's profitability over time. Results show temporal and spatial convergence of returns consistent with trade and development theories. However, there are profit patterns unique to state/regional agriculture, raising policy... |
| Tipo: Journal Article |
Palavras-chave: Convergence; Return on assets; "risk of ruin"; Agribusiness. |
| Ano: 2005 |
URL: http://purl.umn.edu/31212 |
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| Blank, Steven C.. |
| The increasing globalization of agricultural markets in recent decades appears to be changing the economics of the American production agriculture sector, reducing its economic importance and raising questions about its life cycle. This study contributes to the product life cycle literature by creating tests of hypotheses about the economic life of American production agriculture. A methodology to test the hypotheses is proposed and then applied in an empirical analysis. In general, it appears that a new stage in American agriculture's life began during the 1973-1983 period. Finally, the results and their implications for the American production agriculture sector are discussed. |
| Tipo: Journal Article |
Palavras-chave: Absolute advantage; Comparative advantage; Global markets; Life cycle model; Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/31065 |
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| Erickson, Kenneth W.; Blank, Steven C.; Moss, Charles B.; Mishra, Ashok K.. |
| This paper examines the effects of structural changes on the distribution of net value added and the difference between net value added and agricultural income over time. We present and discuss the changes in the distribution of net value added (land, labor, capital, and farm operator income) over time. Net value added by U.S. agriculture grew significantly from $18 billion to 1960 to $95 billion in 1996. We examine regional differences in net value added using the Theil entropy measure. The inequality (dispersion) of net value added increased over time. The increased inequality represented both increases in regional dispersion in net value added and increases in the average inequality in net value added in each region. Thus, the net value added is... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance. |
| Ano: 2004 |
URL: http://purl.umn.edu/36232 |
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| Blank, Steven C.. |
| This paper presents a brief assessment of the recent futures and options literature with reference only to agricultural markets. The discussion centers on the markets social value and economic value to firms. Issues currently unresolved are highlighted, in some cases by presenting hypotheses contrary to standard positions. Overall, the current literature describes these markets as having positive social value and serving useful functions at the firm level, but existing theory and empirical methods are criticized for many weaknesses. |
| Tipo: Journal Article |
Palavras-chave: Marketing. |
| Ano: 1989 |
URL: http://purl.umn.edu/32449 |
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| Registros recuperados: 27 | |
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