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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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Mugera, Amin W.. |
Farming activities are often financed using debt yet empirical studies that investigate the relationship between farm debt structure and performance are still rare. In a ten years unbalanced panel (1995-2005) of Western Australia broadacre farms, we relate the impact of long-term debt, short-term debt and tax liability on farm performance measured by input-oriented technical efficiency and return on assets (ROA). To check for the robustness of our results, both data envelopment analysis (DEA) and stochastic frontier analysis (SFA) methods are employed. Results from both models are consistent: farm production efficiency is positively related to shortterm debt, tax liability and investment and negative related to off-farm income activities. Longterm debt has... |
Tipo: Presentation |
Palavras-chave: Farm debt structure; Return on assets; Input-oriented technical efficiency; Broadacre farming; Western Australia.; Agricultural Finance; Production Economics. |
Ano: 2012 |
URL: http://purl.umn.edu/124342 |
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Ramsey, Ruslyn; Doye, Damona G.; Ward, Clement E.; McGrann, James M.; Falconer, Lawrence L.; Bevers, Stanley J.. |
Cow-herd standardized performance analysis (SPA) data for Texas, Oklahoma, and New Mexico were used to determine economic factors affecting cow-herd costs, production, and profitability. Total cost was defined as the financial cost associated with raising a calf through the weaning stage; production, as pounds weaned per exposed female; and profits, as a rate of return on assets. Variable affecting one of more performance measures included herd size; pounds of feed fed; real estate, machinery, and breeding-stock investments; calving percentage; death loss; and breeding-season length. Management variables were especially important for financial costs and profitability of the cow-herd operation. |
Tipo: Journal Article |
Palavras-chave: Beef; Cattle; Costs; Cow-calf; Economics; Production; Profits; Return on assets; Production Economics; Q120. |
Ano: 2005 |
URL: http://purl.umn.edu/43687 |
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Caldwell, John. |
This bulletin is the first in a series of bulletins addressing financial performance of farms. Two measures of financial performance are highlighted: the current return on assets and the return on equity based on the annual return from day-to-day business of farming for various farm types. Both measures are calculated on the historical cost of the assets as opposed to market value. The returns to assets and equity are provided over a ten year period, 1997-2006, for beef, hog, poultry, dairy, grains and oilseeds, potato, greenhouse, and fruit and vegetable farms. |
Tipo: Report |
Palavras-chave: Rate of Return; Return on assets; Return on Equity; Historical Cost; Agribusiness; Agricultural Finance; Farm Management; Financial Economics. |
Ano: 2009 |
URL: http://purl.umn.edu/52049 |
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