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| Ahearn, Mary Clare; Collender, Robert N.; Diao, Xinshen; Harrington, David H.; Hoppe, Robert A.; Korb, Penelope J.; Makki, Shiva S.; Morehart, Mitchell J.; Roberts, Michael J.; Roe, Terry L.; Somwaru, Agapi; Vandeveer, Monte; Westcott, Paul C.; Young, C. Edwin. |
| The studies in this report analyze the effects of decoupled payments in the Federal Agriculture Improvement and Reform (FAIR) Act on recipient households, and assess land, labor, risk management, and capital market conditions that can lead to links between decoupled payments and production choices. Each study contributes a different perspective to understanding the response of U.S. farm households and production to decoupled income transfers. Some use new microdata on farm households collected through USDA's Agricultural Resource Management Survey (ARMS), initiated in 1996, and its predecessor survey. These data are used to compare household and producer behavior and outcomes before and after the FAIR Act. Other studies use applied or conceptual models to... |
| Tipo: Report |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2004 |
URL: http://purl.umn.edu/33981 |
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| Collender, Robert N.; Shaffer, Sherrill L.. |
| The restructuring of commercial banking has heightened interest in its economic consequences both for the economy as a whole and for those most likely to bear adverse consequences: small businesses, small banks, and rural areas. Most previous research on bank restructuring focuses on changes in bank behavior. In contrast, this paper focuses on the empirical association between local economic performance and changes in local bank market regulation and structure. Findings suggest that mergers or acquisitions of local banks by nonlocal banks need not impair local economic growth, and may even have beneficial effects in rural markets, with the possible exception of farm-dependent areas. These findings are derived from empirical models that relate both... |
| Tipo: Report |
Palavras-chave: Commercial banking; Economic growth; Geographic liberalization; Bank ownership; Community/Rural/Urban Development; Financial Economics. |
| Ano: 2000 |
URL: http://purl.umn.edu/33555 |
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| Collender, Robert N.. |
| Restructuring of U.S. banking markets has raised concerns that insufficient access to loanable funds will limit economic growth in some rural areas. Access to nonlocal funds can provide public benefits through enhanced competition and efficiency, but subsidized access to nonlocal funds can create economic distortions. Because most rural areas are served by few lenders, public benefits may be limited if additional access does not encourage new competition. Unsubsidized market mechanisms could address the liquidity, risk management, and competitive challenges that some small rural banks may face. At the same time, market mechanisms can promote efficiency-enhancing use of nonlocal funding and limit distortions. |
| Tipo: Report |
Palavras-chave: Community/Rural/Urban Development; Financial Economics. |
| Ano: 1997 |
URL: http://purl.umn.edu/33669 |
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| Collender, Robert N.; Shaffer, Sherrill L.. |
| The relationship between financial structure and job growth is both an unexplored issue and a possible channel through which financial structure impacts income growth. We explore these issues using both longrun and shortrun models. Our shortrun model provides evidence of a robust relationship between local employment growth and geographic deregulation of bank activity in the United States. We also found that U.S. nonmetropolitan employment grew faster in 1973-96 where there were fewer locally owned bank offices and a more concentrated initial banking market structure; these linkages were less stable in metropolitan areas. Overall, however, we found only weak evidence in support of an employment growth channel linking bank structure to subsequent economic... |
| Tipo: Report |
Palavras-chave: Commercial banking; Employment growth; Geographic liberalization; Bank ownership; Financial Economics; Labor and Human Capital. |
| Ano: 2002 |
URL: http://purl.umn.edu/33566 |
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| Collender, Robert N.. |
| Federal actions could improve efficiency and competition in the market for farm loans by lowering barriers to market entry and reducing market segmentation. Such actions might include changes to existing charters of Government-sponsored enterprises (GSE's), regulatory reforms affecting commercial banks and GSE's, and continued antitrust vigilance. Federal action may be justified because 93 percent of rural banking markets are still classified as noncompetitive despite past Federal action. Previous action improved efficiency by integrating isolated rural credit markets with national money markets and by promoting market innovation. |
| Tipo: Report |
Palavras-chave: Agricultural Finance. |
| Ano: 1996 |
URL: http://purl.umn.edu/33673 |
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| Babcock, Bruce A.; Chalfant, James A.; Collender, Robert N.. |
| Multicrop farmers must choose variable input levels and land quantity for each crop. Economic researchers to date have analyzed these two decisions separately, either finding the best land use, given crop technologies, or solving for optimal input levels, ignoring the allocation of land. We show that both these approaches lead to suboptimal decision rules under risk aversion. An empirical example demonstrates that a risk-averse farmer who makes these decisions sequentially-first choosing input levels then allocating land-rather than simultaneously, may significantly understates the value of farming. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries; Land Economics/Use. |
| Ano: 1987 |
URL: http://purl.umn.edu/32226 |
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