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Registros recuperados: 40 | |
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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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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 |
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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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Dixon, Bruce L.; Hollinger, Steven E.; Garcia, Philip; Tirupattur, Viswanath. |
Projections of the impacts of climate change on agriculture require flexible and accurate yield response models. Typically, estimated yield response models have used fixed calendar intervals to measure weather variables and omitted observations on solar radiation, an essential determinant of crop yield. A corn yield response model for Illinois crop reporting districts is estimated using field data. Weather variables are time to crop growth stages to allow use of the model if climate change shifts dates of the crop growing season. Solar radiation is included. Results show this model is superior to conventionally specified models in explaining yield variation in Illinois corn. |
Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
Ano: 1994 |
URL: http://purl.umn.edu/31229 |
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Naik, Gopal; Dixon, Bruce L.. |
Monte Carlo analysis of the performance of alternative estimators of simultaneous system's coefficients in the presence of autocorrelation is performed. The "true" underlying model is an estimated, three-equation, monthly model of the U.S. pork market. Estimators for ex post forecasts are also compared. Multicollinearity is found to be a salient characteristic likely adversely affecting estimator performance. Results show that correcting for autocorrelation is desirable when levels of autocorrelation are high for both parameter accuracy and ex post forecasting. However, the best structural coefficient estimator for high levels of autocorrelation is not necessarily the best estimator for ex post forecasting. |
Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries; Research Methods/ Statistical Methods. |
Ano: 1986 |
URL: http://purl.umn.edu/32250 |
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Dixon, Bruce L.; Segerson, Kathleen. |
Approximate profit functions are estimated using time-series, cross-sectional, county level data for 12 midwest states. Measures of climate variability are included in the profit functions. Simulated impacts of climate changes on profits are derived. Results show that inclusion of measures of climate variation are important for measuring the impact of changes in mean temperature and precipitation levels. Failure to account for the impact of differences in variability leads to an overestimate of damages. If global warming increases diurnal variation, such increases would have negative impacts on the profitability of midwest agriculture. |
Tipo: Journal Article |
Palavras-chave: Climate change; Climate variability; Midwest; Profit function; Farm Management. |
Ano: 1999 |
URL: http://purl.umn.edu/15160 |
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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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Ahrendsen, Bruce L.; Dixon, Bruce L.; Priyanti, Atien. |
Changes in commercial bank market shares of farm debt are decomposed into portfolio decisions loanable funds availability and loan market size for 64 counties in Arkansas from 1986 through 1990. A seemingly unrelated regression model is hypothesized to identify county characteristics that are related to changes in commercial bank market shares. Regression results indicate that county differences in economic activity, the relative risk associated with agriculture, farm structure and regional location contributed to changes in commercial bank market shares. The results imply a market niche for rural commercial banks emphasizing agricultural loans in the presence of unlimited branch banking. |
Tipo: Journal Article |
Palavras-chave: Banks; Farm debt; Loan portfolio; Market share; Agricultural Finance. |
Ano: 1994 |
URL: http://purl.umn.edu/15172 |
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Mahrizal; Nalley, Lawton Lanier; Dixon, Bruce L.; Popp, Jennie S. Hughes. |
This study sets out to empirically estimate the optimum annual replacement rate and age of cocoa trees in order to maximize the net present value of four common cocoa production systems. The study examines the costs and returns of four common cocoa production systems in Ghana associated with changes in cocoa prices, fertilizer prices, inflation rates, and labor prices. While this study focuses on cocoa, the methodology is applicable to any perennial crop. This study uses empirical yield curves and cost of production data from Ghana to determine when and what percentage of a cocoa orchard should be replaced annually to maximize net present value of revenues over time. Successive versions of the model are solved to determine how input and output price... |
Tipo: Presentation |
Palavras-chave: Cocoa; Replacement Rate; Net Present Value (NPV); Production Economics; Q01; Q15; Q32. |
Ano: 2012 |
URL: http://purl.umn.edu/119777 |
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Tur Cardona, Juan; Wailes, Eric J.; Dixon, Bruce L.; Danforth, Diana M.. |
Multifunctional agriculture is particularly fundamental to some working lands conservation policies and programs, such as the Environmental Quality Incentive Program (EQIP), Conservation Security Program (CSP) and Wildlife Habitat Incentive Program (WHIP). Farmers can also be engaged in providing recreational and agri-tourism services such as hunting, fishing, bird-watching, farm tours, petting zoos and hospitality services. Using the Agricultural Resource Management Survey (ARMS) we analyze factors associated with participation in conservation, recreation and agri-tourism activities as a function of farm structure, farm financial measures, production practices, and socio-demographic characteristics of the farm operator. To estimate the functional... |
Tipo: Presentation |
Palavras-chave: Multifunctional agriculture; Agri-environmental policy; Rice; Logistic model; Agricultural and Food Policy; Community/Rural/Urban Development; Crop Production/Industries; Environmental Economics and Policy; Land Economics/Use; Q18; Q26; Q28. |
Ano: 2012 |
URL: http://purl.umn.edu/119750 |
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Registros recuperados: 40 | |
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