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Registros recuperados: 46
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Evaluating Agricultural Banking Efficiency Using the Fourier Flexible Functional Form AgEcon
Yu, Yingzhuo; Escalante, Cesar L.; Deng, Xiaohui.
This study applied more flexible cost functional form, Fourier Flexible Functional Form, and tested the validity of the Translog cost functional form as to estimate the cost function incorporating risk and loan's quality for banking industry. Meanwhile, the study extended four different cost efficiency measures for banking industry not only among different sized banks but also between commercial banks and agricultural banks. And thereafter, by evaluating these efficiency measures, banks will identify sources of inefficiency, which should aid banks in developing approaches to improve their operational policies, procedures, and performance.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance.
Ano: 2007 URL: http://purl.umn.edu/34939
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Gender Bias Claims in Farm Service Agency’s Lending Decisions AgEcon
Escalante, Cesar L.; Epperson, James E.; Raghunathan, Uthra.
This study analyzes the courts’ denial of women farmers’ motion for class-action certification of their lawsuits alleging gender discrimination in Farm Service Agency (FSA) lending decisions. The plaintiffs’ claim of “commonality” of circumstances in women farmers’ dealings with FSA is tested using a four-year sampling of Georgia FSA loan applications. The econometric framework has been developed after accounting for the separability of loan approval and amount decisions, as well as endogeneity issues through instrumental variable estimation. This study’s results do not produce overwhelming evidence of gender bias in FSA loan approval decisions and in favor of the “commonality” argument among Georgia FSA farm loan applicants.
Tipo: Report Palavras-chave: Class-action suit; Credit risk; Creditworthiness; Gender discrimination; Heckman selection; Instrumental variable probit; Labor and Human Capital.
Ano: 2009 URL: http://purl.umn.edu/54550
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Innovation and Entrepreneurship in Rural Communities: Early Business Survival Challenges for the Agribusiness Entrepreneur AgEcon
Escalante, Cesar L.; Turvey, Calum G..
Barriers and strategies for survival of agribusiness and non-agribusiness entrepreneurs during early business stages are analyzed under case-study approach. Results confirm qualitative differences in skill and execution deficiencies, market structure, and resource endowments. Moreover, agribusiness entrepreneurs tend to adopt different strategies to address similar barriers faced by non-agribusiness entrepreneurs.
Tipo: Conference Paper or Presentation Palavras-chave: Community/Rural/Urban Development.
Ano: 2006 URL: http://purl.umn.edu/35459
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The Road to Financial Sustainability. Comparative Analysis of Russia and the Caucasus Region AgEcon
Sheremenko, Ganna; Escalante, Cesar L.; Florkowski, Wojciech J..
This paper examines delinquency, profitability, and outreach determinants of microfinance institutions’ (MFIs) performance in Russia and the Caucasus. The estimation is done using the Seemingly Unrelated Regression (SUR) technique. The estimation results suggest that Russian and Caucasian MFIs are profit-driven but are expected to improve outreach in the long-run.
Tipo: Working Paper Palavras-chave: Microfinance institution; SUR; Financial sustainability; Delinquency; Profitability; Social outreach; Agricultural Finance; Financial Economics; G20; G21.
Ano: 2012 URL: http://purl.umn.edu/119525
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CREDIT ASSESSMENT AND RATIONING IN A FEDERAL LENDING FRAMEWORK AgEcon
Brooks, Rodney L.; Escalante, Cesar L.; Epperson, James E.; Stegelin, Forrest E..
Empirical evidence on the Farm Service Agency’'s credit evaluation and minority lending practices are presented using actual borrower data during aftermath of 1997 class action suit by Black farmers. Results indicate non-applicability of conventional credit assessment methods of private lenders, thus reinforcing FSA'’s role as lender of last resort.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance.
Ano: 2004 URL: http://purl.umn.edu/20218
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Determinants of the Strength of Strategic Adjustments in Farm Capital Structure AgEcon
Escalante, Cesar L.; Barry, Peter J..
This study employs correlation relationships to measure the strength of trade-offs between business and financial risks as a representative of the strategic capital adjustment process. Under different business risk measures based on varying lengths of historical farm income data, results suggest that farmers tend to adopt a myopic perspective when contemplating risk-balancing plans. Cross-sectional regression results for two-time period models covering the decade of the 1980s and 1990s yielded important implications. The liquidity-constrained environment of the 1980s emphasizes the combination of risk-balancing plans, specialization, and market revenue-enhancing strategies. In the 1990s, risk balancing becomes compatible with risk-reducing crop...
Tipo: Journal Article Palavras-chave: Business risk; Correlation coefficient measure of risk balancing; Expected utility mean variance model; Financial risk; Risk management strategy; Stochastic interest rates; Strategic capital adjustment; D21; D81; G11; Q12; Q14.
Ano: 2003 URL: http://purl.umn.edu/37834
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Differentiation in Farm Labor Complement Profiles of Organic and Conventional Farms in the Southeast: Coping with a Changing Farm Labor Market AgEcon
Escalante, Cesar L.; Santos, Florence Ivy M..
The farm labor market is expected to experience supply deficiencies as a result of the displacement of foreign unskilled workers due to the impending implementation of stricter immigration policies in the United States. This study scrutinizes the farm labor hiring predicament of farm operators using data from the household survey we administered on organic and conventional farms in the Southeast U.S. Specifically, we used the Seemingly Unrelated Regression (SUR) approach to model and examine the level of difficulty experienced by farmers in hiring non-family farm workers and its influence on farm labor management decisions. We also explore the probable motivation of the extent of family members’ involvement in farm work and analyze the influence of the...
Tipo: Conference Paper or Presentation Palavras-chave: Organic Farming; Conventional Farming; Farm labor; Immigration policies; Agribusiness; Agricultural and Food Policy; Labor and Human Capital; Q12; Q13; J20.
Ano: 2010 URL: http://purl.umn.edu/61359
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Investigating Gender Bias in Farm Service Agency’s Lending Decisions AgEcon
Escalante, Cesar L.; Epperson, James E.; Raghunathan, Uthra.
Tipo: Journal Article Palavras-chave: Agricultural Finance.
Ano: 2008 URL: http://purl.umn.edu/48144
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Agricultural Banking and Early Warning Models for the Bank Failures of the Late 2000s Great Recession AgEcon
Li, Xiaofei; Escalante, Cesar L.; Epperson, James E.; Gunter, Lewell F..
This paper is designed to validate if the agricultural sector can once again be labeled as an instigator of the late-2000s Great Recession using the early warning models technique. The empirical results indicate that exposure to agribusiness operations does not necessarily enhance a banks’ tendency to fail.
Tipo: Presentation Palavras-chave: Agricultural Banking; Early warning signals; In-sample accuracy; Out-of-sample forecasting; Agricultural Finance; Research Methods/ Statistical Methods; G21; G32; G33; C01.
Ano: 2012 URL: http://purl.umn.edu/119656
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Equilibrium of Land Values from Agricultural and General Economic Factors for Cropland and Pasture Capitalization in Georgia AgEcon
Flanders, Archie; White, Fred C.; Escalante, Cesar L..
Nonagricultural factors impact land values to cause a divergence of discounted cash rents for agricultural land and land values in Georgia. General economic factors are represented by per capita income in nonmetro areas. Cash rents for cropland and pasture have positive impacts on land values. Nonagricultural factors are stronger influences on land values than are cash rents. Greater effective demand exists for pasture than for cropland because pasture is subject to relatively more pricing pressure in northern counties with higher incomes and population. Increased land values have led to increased net wealth for Georgia agricultural producers.
Tipo: Journal Article Palavras-chave: Capitalization; Cash rent; Cointegration; Equilibrium; Error correction mechanism; Land values; Land Economics/Use.
Ano: 2004 URL: http://purl.umn.edu/59605
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The Impact on Farm Profitability and Yield Efficiency of Bell Pepper Production of the Methyl Bromide Phase-Out Program in Georgia AgEcon
Byrd, Mark M.; Fonsah, Esendugue Greg; Escalante, Cesar L.; Wetzstein, Michael E..
The elimination of methyl bromide (MeBr) has been a hot topic for policymakers for more than a decade. As a result, of the Montreal Protocol on Substances that Deplete the Ozone Layer, signatory nations began implementing guidelines aimed at reducing or eliminating a variety of toxic substances, including MeBr, which has been identified as one of the toxic contributors to ozone depletion. In 1997 the Ninth Meeting of the Parties in Montreal recommended an accelerated phase-out schedule for MeBr. The accelerated phase-out program is a major concern to most U.S. farmers, and in particular to farmers in Georgia, where the product is used not only as an important soil fumigant but also to control both the yellow and purple nutsedge (Cyperus sp.). Furthermore,...
Tipo: Journal Article Palavras-chave: Crop Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/8571
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Feasible Fumigant-Herbicide System Alternatives to Methyl Bromide for Bell Pepper Producers AgEcon
Byrd, Mark M.; Escalante, Cesar L.; Fonsah, Esendugue Greg; Wetzstein, Michael E..
With the current methyl bromide (MeBr) system for producing Georgia’s peppers being phased out, alternative fumigant and herbicide systems for producers are analyzed. Using stochastic dominance analyses, two alternatives exceeding MeBr’s yield and financial efficiency were identified. A programming model, incorporating simulation-optimization techniques, generated optimal production and financial plans. Results indicate potential economic viability under alternative systems vis-à-vis the traditional MeBr production system. The Telone II and Chloropicrin combination with Metham potassium may offer a viable substitute for MeBr.
Tipo: Journal Article Palavras-chave: Fumigant; Herbicide; Methyl bromide; Multi-period programming; Optimization; Simulation; Stochastic dominance; Agribusiness; Crop Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/62283
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ECONOMIC RISK AND THE STRUCTURAL CHARACTERISTICS OF FARM BUSINESSES AgEcon
Barry, Peter J.; Escalante, Cesar L.; Bard, Sharon K..
Using longitudinal panel farm-level data, this study finds that income variability may be materially influenced by farm size. Econometric results suggest that policy analyses and other considerations of the distributional effects of, and response to, income variability for commercial scale family farms may concentrate on farm size and other structural variables.
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Income variability; Farm size; Financial structure; Farm Management; Industrial Organization.
Ano: 2000 URL: http://purl.umn.edu/21778
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THE SUSTAINABLE GROWTH PARADIGM'S APPLICATION TO U.S. FARM BUSINESSES AgEcon
Escalante, Cesar L.; Turvey, Calum G..
The sustainable growth paradigm is used to analyze aggregate output decisions across U.S. agricultural productions regions. Results show that the farm sector has adapted to positive or negative sustainable growth challenges (SGC) and that, from an equilibrium point of view, SGC countercyclical measures indicate a usual tendency towards balanced growth.
Tipo: Conference Paper or Presentation Palavras-chave: Production Economics.
Ano: 2004 URL: http://purl.umn.edu/35567
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Forecasting Organic Food Prices: Testing and Evaluating Conditional Predictive Ability AgEcon
Park, Timothy A.; Gubanova, Tatiana; Lohr, Luanne; Escalante, Cesar L..
Organic farmers, wholesalers, and retailers need reliable price forecasts to improve their decision- making practices. This paper presents a methodology and protocol to select the best-performing method from several time and frequency domain candidates. Weekly farmgate prices for organic fresh produce are used. Forecasting methods are evaluated on the basis of an aggregate accuracy measure and several out-of-sample predictive ability tests. Combining forecasts to improve on individual forecasts is investigated.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis.
Ano: 2005 URL: http://purl.umn.edu/19412
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FARM-LEVEL EVIDENCE ON THE RISK BALANCING HYPOTHESIS FROM ILLINOIS GRAIN FARMS AgEcon
Escalante, Cesar L.; Barry, Peter J..
This study provides farm-level empirical support to the Risk-Balancing Hypothesis using Illinois grain farm data. The econometric results indicate that risk-balancing farmers comprise more than half of the sample. These farmers tend to be older, have higher leasing ratios, are less financially efficient and manage risk through crop specialization, enterprise diversification, and marketing strategies in addition to risk balancing.
Tipo: Conference Paper or Presentation Palavras-chave: Risk and Uncertainty.
Ano: 2001 URL: http://purl.umn.edu/20617
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Risk-Efficient Fumigant-Mulching System Alternatives for Bell Pepper Production AgEcon
Ferrer, Myra Clarisse R.; Fonsah, Esendugue Greg; Escalante, Cesar L..
Tipo: Article Palavras-chave: As methyl bromide (MB) is phased-out for complete banning for agricultural use; This research evaluates the relative economic efficiency of fumigant alternatives; In combination with mulching methods. Bell pepper production in Georgia was studied in particular because any fumigant system that works for it would also work for other commercial crops. This study employs stochastic dominance techniques to identify the most efficient and preferred production alternatives in terms of gross and net enterprise returns. Based on risk efficiency; Mean returns and the decision-maker’s risk aversion considerations; This analysis identified TELV-MS; TEL-MS; And PC250-MS as the most preferred and risk-efficient alternatives.; Crop Production/Industries.
Ano: 2011 URL: http://purl.umn.edu/118963
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A Farm-level Approach to the Methyl Bromide Phase-out: Identifying Alternatives and Maximizing Net Worth Using Stochastic Dominance and Optimization Procedures. AgEcon
Byrd, Mark M.; Escalante, Cesar L.; Wetzstein, Michael E.; Fonsah, Esendugue Greg.
Alternative fumigant and herbicide systems for Georgia's pepper farms are analyzed relative to soon-to-be phased-out methyl bromide system. Stochastic dominance analyses identify two alternatives exceeding MeBr's yield and financial efficiency. A programming model using simulation-optimization techniques provides important implications on the pepper farms' economic viability under these alternative systems.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/35265
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OPPORTUNITY COSTS, SHARE LEASING, AND PREVENTED PLANTING CLAIMS IN CROP INSURANCE AgEcon
Rejesus, Roderick M.; Escalante, Cesar L.; Cross, Mike H..
This paper determines whether the opportunity costs of share leasing and the share amounts of farmers/tenants affect the likelihood of submitting a prevented planting claim. Results from our probit analysis shows that lower opportunity costs of share leasing and higher farmer/tenant share amount can increase the probability of submitting a prevented planting. These results have potential implications for setting prevented planting buy-up rates and crop insurance compliance procedures.
Tipo: Conference Paper or Presentation Palavras-chave: Risk and Uncertainty.
Ano: 2003 URL: http://purl.umn.edu/35017
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Credit Risk Assessment and Racial Minority Lending at the Farm Service Agency AgEcon
Escalante, Cesar L.; Brooks, Rodney L.; Epperson, James E.; Stegelin, Forrest E..
The nature of credit risk assessment and basis of loan approval decisions of the Farm Service Agency are analyzed in the aftermath of the black farmers’ 1997 class action suit against the U.S. Department of Agriculture. This study did not uncover convincing evidence of racial discrimination against nonwhite borrowers under a binomial logistic framework based on the probability of a loan application’s approval. Moreover, the collective use of more stringent and objective credit-scoring measures usually employed by commercial lenders is less evident in the Farm Service Agency’s evaluation of loan applications.
Tipo: Journal Article Palavras-chave: Binomial logistic regression; Credit risk; Credit-scoring model; Direct lending; Farm Service Agency; Guaranteed lending; Racial bias; Agricultural Finance; Risk and Uncertainty; G20; G21; G28; Q10; Q14.
Ano: 2006 URL: http://purl.umn.edu/43749
Registros recuperados: 46
Primeira ... 123 ... Última
 

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