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| Registros recuperados: 30 | |
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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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| Harris, James Michael; Williams, Robert P.; Morehart, Mitchell J.; Erickson, Kenneth W.; Mishra, Ashok K.. |
| The financial health of the agricultural economy has been excellent for the past few years, especially with farm income reaching record levels. However, the U.S. economy has experienced a recession and a credit crisis. Although the U.S. farm sector has been mostly shielded from the economic downturn, farm financial stress is still possible under current conditions. Are some U.S. farm businesses, especially those with term debt, poised to experience significant financial stress in 2010? We use the Agricultural Resource Management Survey (ARMS), sponsored jointly by USDA’s Economic Research Service (ERS) and National Agricultural Statistical Service, to help answer this question. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Off-farm income; Farm investment; Double hurdle; Agricultural Finance; Financial Economics; D1; J2. |
| Ano: 2010 |
URL: http://purl.umn.edu/61528 |
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| Fernandez-Cornejo, Jorge; Nehring, Richard F.; Erickson, Kenneth W.. |
| This paper examines how off-farm work affects the economic performance of crop and (selected) livestock farms. It estimates returns to scale and technical efficiency following an input distance function approach and compares the relative performance of dairy and corn farm operator households with and without off-farm work. We use farm-level data from the USDA's ARMS survey for 1996-2005. The impact of off-farm work on scale and technical efficiency is examined from two viewpoints: first, the effect of off-farm work on the scale and technical efficiency of the farm business in the production of traditional commodities (farm-level perspective); second, the impact of off-farm work on scale and technical efficiency at the household level, considering both... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management; Productivity Analysis. |
| Ano: 2007 |
URL: http://purl.umn.edu/9904 |
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| Erickson, Kenneth W.; Hoppe, Robert A.; Dubman, Robert W.. |
| Farmers in the Mountain Region-in both metro and nonmetro areas-face growth in population and nonfarm employment that affects land use and how farmers operate their businesses. Even in remote locations, people moving to amenity areas may result in farmers changing their operations. Sustainable agriculture, already practiced by Mountain Region farmers to some extent, may help farming to continue. Nonfarm people also have an interest in the continuation of agriculture and the adaptation of sustainable practices, in order to help preserve the amenities that make the region attractive to migrants. Growth in the region does provide some benefits to farmers, however. Growth can help keep the value of farmland up through nonfarm demand for land. In... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Production Economics. |
| Ano: 2002 |
URL: http://purl.umn.edu/36541 |
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| Mishra, Ashok K.; Erickson, Kenneth W.; Harris, James Michael; Hallahan, Charles B.; Uematsu, Hiroki. |
| This study examines the determinants of income diversification of farm households in the United States. Farm households allocate their time between farm and off-farm activities to help stabilized household income (consumption). What characterizes those households who engage in off-farm activities? Is there any pattern over time? Using 1999, 2003 and 2007 farm-level data from the USDA’s Agricultural Resource Management Survey (ARMS), this study estimates intensity of off-farm income (or income diversification). The results show that older operators, full owners, and small farms have higher intensity of off-farm income in total household income. In contrast, dairy farms, vertically coordinated farms and farms located in the Southern and Pacific regions have... |
| Tipo: Journal Article |
Palavras-chave: Tobit; Income diversification; Vertical integration; Tenure; Farm households; Agricultural Finance; Consumer/Household Economics; D1; J2; Q12. |
| Ano: 2010 |
URL: http://purl.umn.edu/61632 |
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| Biggs, Brian; Murray, Paul; Dubman, Robert W.; Erickson, Kenneth W.; Korb, Penelope J.. |
| Following a series of bilateral and multilateral agreements, the past two decades have seen increased trade and investment liberalization between Canada and the United States in the agri-food sector. Changes in trade policy are one of several paths by which farm structure can change. This increased liberalization, together with the largest drop in Canadian farm numbers recorded by the Census of Agriculture in thirty years, has provided the impetus to review some aspects of farm structure. In particular, this article presents the latest Canadian and U.S. data on the number of farms by sales class, the concentration of sales and other production-related variables, and the distribution of income and receipts. We explore whether significant changes in the... |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries; Farm Management; International Relations/Trade. |
| Ano: 2004 |
URL: http://purl.umn.edu/45741 |
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| Moss, Charles B.; Erickson, Kenneth W.; Ball, V. Eldon; Mishra, Ashok K.. |
| This study has used an empirical approach developed by Urga and Walters (2003) to examine the implications of the short-run specification of the standard translog cost specification along with the possible implications of non-stationarity. We have estimated a dynamic translog cost specification complete with dynamic share equations for U.S. agriculture and compared it to the static, long-run specification. We found that the dynamic translog specification yielded more significant parameter estimates, and yielded results that are consistent with economic theory. In particular, the coefficient m (the adjustment cost parameter) determines the overall autoregressive structure of the model. The fact that its estimated value (0.36) is statistically different... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/22027 |
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| Mishra, Ashok K.; Moss, Charles B.; Erickson, Kenneth W.. |
| Farmland values in the United States represent a major component of the farm sector balance sheet. The linkage between farmland values and agricultural debt has typically been ignored in the literature. This paper attempts to make two contributions to our understanding of farmland prices. First, building on established literature, this study examines the role of debt solvency and government payments in farmland valuation. Second, from a methodological standpoint, this study incorporates both the nonstationarity dimension of farmland prices and the panel structure of the data relying on recent advances in econometric literature. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2004 |
URL: http://purl.umn.edu/20261 |
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| Mishra, Ashok K.; Harris, James Michael; Erickson, Kenneth W.; Hallahan, Charles B.. |
| This study uses a financial approach based on the DuPont expansion to examine the significance of specialization and vertical integration on domestic agriculture. The traditional DuPont Expansion decomposes the rate of return to equity into asset efficiency, gross margins, and solvency. We hypothesize that agricultural specialization directly affects the asset efficiency and gross margin of the farm. Specifically, specialization would tend to decrease asset efficiency while increasing the gross margin. On the other hand, vertical integration may affect the gross margin and solvency directly. The effect on solvency would result from the integrator’s use of credit as an incentive. However, the general type of agricultural enterprise integrated may also... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2008 |
URL: http://purl.umn.edu/6413 |
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| Registros recuperados: 30 | |
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