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2008 Michigan Dairy Farm Business Analysis Summary AgEcon
Wittenberg, Eric; Wolf, Christopher A..
This report summarizes the financial and production records of 116 dairy farms from throughout Michigan in 2008. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State University’s TelFarm project and the Farm Credit Service system in Michigan. The values were pooled into averages for reporting purposes. The farms are larger than would be the average dairy farm in Michigan. While considerable variation in the data exists, average values are reported in the summary tables and discussion that follows.
Tipo: Working or Discussion Paper Palavras-chave: Dairy; Analysis; Farm Analysis; Costs per Hundredweight; Characteristics of Herd Size; ROE; ROA; OPM; ATR; Cash Flow; Market Value; Cost Value; Farm Income Statement; Inventory Change; Depreciation; Profitability; Agribusiness; Agricultural Finance; Farm Management; Livestock Production/Industries; Production Economics.
Ano: 2009 URL: http://purl.umn.edu/56223
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Depreciation erodes the Coase Conjecture AgEcon
Karp, Larry S..
If a durable good monopolist produces at constant marginal costs and the good depreciates, there exists a family of Strong Markov Perfect Equilibrium (SMPE) with an infinitesimal period of commitment. One member of this family entails instantaneous production of the level of stock produced in a competitive equilibrium; this is consistent with the Coase Conjecture. Other SMPE in the family entail steady state production at a stock level lower than in the competitive equilibrium. In these equilibria, there may be a jump to the steady state, or the steady state may be approached asymptotically. Monopoly profits are positive in these equilibria, and the Coase Conjecture fails. We contrast this result to other papers which use non-Markov strategies to construct...
Tipo: Working or Discussion Paper Palavras-chave: Coase Conjecture; Depreciation; Multiple Markov Equilibria; Industrial Organization; Research Methods/ Statistical Methods; D42; L12; Q39.
Ano: 1995 URL: http://purl.umn.edu/6115
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Impact of Government Payments, Depreciation and Inflation on Investment Behavior in American Agriculture Sector Using Sample of Kansas Farms AgEcon
Ariyaratne, Chatura B.; Featherstone, Allen M..
A farm’s physical investment is affected by its fundamental q and by its financial situation, with the later comprising both the firm’s liquidity and its possibility of facing capital market imperfections. This study determines the effects of government payments, depreciation, and inflation on crop farm machinery and equipment investment behavior employing the Nonlinear Generalized Method of Moment (GMM) estimator to estimate the investment system. The magnitude of the lagged cash flows such as government payments, cash crop income, and grain income were largely responsible for determining farm investment behavior in the Kansas agriculture sector. An increase in lagged machinery and equipment depreciation and lagged farm motor vehicle and listed property...
Tipo: Conference Paper or Presentation Palavras-chave: Investment; Liquidity; Fundamental q; Government payments; Depreciation; Inflation; Agribusiness; Agricultural Finance; Crop Production/Industries; Farm Management; Financial Economics; Livestock Production/Industries; Production Economics.
Ano: 2009 URL: http://purl.umn.edu/49301
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The Consequences of a Strong Depreciation of the U.S. Dollar on Agricultural Markets AgEcon
Charlebois, Pierre; Hamann, Nathalie.
World prices for basic food commodities increased significantly in 2007-2008, triggering a worldwide food crisis. Among all the factors that contributed to the rise in agricultural prices in 2008, the depreciation of the U.S. dollar relative to other major currencies cannot be overlooked. The currencies of the major players in agricultural markets have shown strong appreciation from 2002 to 2008. The purpose of this study is to determine the effect of a strong depreciation of the U.S. dollar on the world prices of food commodities. Given the current U.S. budget situation, future depreciation is possible. This would again have consequences on world commodity prices and on the competitiveness of different countries. Thus, the final section assesses what...
Tipo: Report Palavras-chave: Depreciation; Exchange rate; U.S. dollar; Currencies; AGLINK; World prices; Competitiveness; Agricultural markets; Demand and Price Analysis; International Relations/Trade; Political Economy.
Ano: 2010 URL: http://purl.umn.edu/94750
Registros recuperados: 4
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