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THE IMPACT OF SUBSIDIES, STORAGE, AND EXCHANGE RATES ON EXPORTS OF CANADIAN FRESH CARROTS TO THE UNITED STATES AgEcon
Bierlen, Ralph W.; Blandford, David.
Canadian exports of fresh carrots to the United States have increased substantially in recent years. The depreciation of the Canadian dollar against the U.S. dollar has been a major factor. Canadian government subsidies also may have had an impact by accelerating the construction of cold storage facilities. These have permitted the marketing period to be extended. However, an analysis of costs and returns suggests that cold storage of carrots is commercially profitable. Storage capacity would probably have increased without government aid. The returns to storage and the change in exchange rates are the primary factors contributing to the expansion of Canadian exports.
Tipo: Journal Article Palavras-chave: International Relations/Trade.
Ano: 1987 URL: http://purl.umn.edu/28976
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LAND LEASING AND DEBT ON FARMS: SUBSTITUTES OR COMPLEMENTS? AgEcon
Ahrendsen, Bruce L.; Bierlen, Ralph W.; Langemeier, Larry N.; Dixon, Bruce L..
Theoretically, leasing and debt are thought to be substitutes. This assumes that a lease payment, which is a fixed obligation like a loan, displaces debt and reduces debt capacity, i.e., if firms have optimal debt to equity ratios, then, to the extent that it represents "off-balance-sheet" financing, leasing reduces debt capacity. Ang and Peterson-the seminal work in the literature-fit Tobit models with 1976 to 1981 data from 600 firms in which a leasing to book value of equity ratio is the dependent variable and a debt to book value of equity ratio and other variables are the explanatory variables. Contrary to expectations, their model results indicate that leasing and debt are complementary activities. This study follows the Ang and Peterson...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance; Land Economics/Use.
Ano: 1999 URL: http://purl.umn.edu/21671
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DEBT DEPRECIATION, CONGLOMERATION, AND CREDIT CONSTRAINTS: EVIDENCE FROM CATTLE CYCLES AgEcon
Bierlen, Ralph W.; Dixon, Bruce L.; Ahrendsen, Bruce L..
We search for evidence consistent with the notion that endogenous credit constraints play a role in cattle cycles. Beef cow inventories are found to be more sensitive to credit constraints during periods of falling than rising asset values. Inventories of heifer replacements exhibit only weak sensitivity to credit constraints during periods of falling asset values.
Tipo: Conference Paper or Presentation Palavras-chave: Financial Economics; Livestock Production/Industries.
Ano: 1998 URL: http://purl.umn.edu/20867
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PRICE INCENTIVES FOR COMMERCIAL FRESH TOMATOES AgEcon
Bierlen, Ralph W.; Grunewald, Orlen C..
Hedonic price models are estimated to determine if there are incentives to supply higher quality tomatoes. Price premiums are associated with extra-large tomatoes originating from shipping points located closer to consumption points. Price differences between mature-green and vine-ripe tomatoes are not significant. Vine-ripe tomatoes are favored by consumers in the summer while mature-green tomatoes are favored the rest of the year. The U.S. Department of Agriculture should consider changing the present tomato grading system, which is based on shape and smoothness, to include a flavor indicator based on harvest maturity.
Tipo: Journal Article Palavras-chave: Tomato quality; Hedonic prices; Demand and Price Analysis.
Ano: 1995 URL: http://purl.umn.edu/15332
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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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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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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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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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IMPACTS OF FINANCIAL CHARACTERISTICS AND THE BOOM-BUST CYCLE ON THE FARM INVENTORY-CASH FLOW RELATIONSHIP AgEcon
Bierlen, Ralph W.; Ahrendsen, Bruce L.; Dixon, Bruce L..
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.
Tipo: Journal Article Palavras-chave: Cash flow; Credit constraints; Farm cycles; Farm inventories; Investment; Investment models; Agricultural Finance.
Ano: 1998 URL: http://purl.umn.edu/15560
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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: 10
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