Download or read book The Effect of Various Management and Policy Options on the Financial Stress Situation of Oregon Grain and Cattle Producers written by John P. Hewlett and published by . This book was released on 1987 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural economists have devoted considerable attention to the financial stress situation of agricultural producers. Many studies have been conducted in various regions of the U.S. in an attempt to better understand the causes of the problem. The costs associated with farm financial stress imply corresponding benefits to be realized by its reduction. Benefits of studying and resolving farm financial stress reach beyond the farms and ranches to many related sectors such as rural communities, agribusinesses, and lending institutions. The specific hypothesis tested in this thesis is as follows: some but not all farms and ranches which have undergone serious financial stress in the early part of the 1980's in Oregon can be assisted in withstanding fluctuations in economic conditions by adopting specific strategies which promote financial stability and profitability. One of the specific objectives of this thesis was to evaluate the level of financial stress for two different agricultural production units in Oregon under differing leverage positions, and macroeconomic conditions. The production units selected for study were a cattle ranch and a wheat farm, based on their relative importance to Oregon. This first objective was satisfied through analysis of a baseline scenario, which was essentially a continuation of current conditions. Debt levels and growth rates were then altered to reflect the desired study conditions. Changing and considering three leverage ratios (20%, 40%, and 70%) and three sets of macroeconomic conditions (baseline, pessimistic, and optimistic) allowed studying of nine alternative situations to the base firm type or a total of 18 alternatives. Analysis of these different alternative production units was accomplished through a deterministic computer-based simulation model. The model simulates the financial structure and performance of a farm business over a transition period of four years with emphasis placed on the financial transactions of the firm. These transactions include purchases and sales of farm assets, financing terms, debt management, cash flows, tax obligations, consumption levels, and growth rates. The computer-based model made necessary calculations of cash flows and changes in financial statements to derive the ratios used for financial analysis over the planning horizon of four years beyond the present input case and is deterministic in the sense that all essential variables are entered by the researcher. Output from this model includes a set of coordinated financial statements for the firm over the planning horizon: a balance sheet, an income statement, statements for changes in net worth, flow of funds statement, and a fund availability report. The model also calculates profitability, liquidity, and solvency ratios used in financial ratio analysis which are provided on a summary sheet. These statements and reports are provided on an annual basis; thus, financial information is provided on yearly changes in financial position over the four year horizon. Another objective of this thesis was to evaluate various policy and management strategies designed to reduce financial stress. This objective was achieved by analysis of various scenarios designed to reduce stress simultaneously with the baseline case, which served for comparison. The specific scenarios considered were: 35% reduction of debt, 35% reduction of interest rates, two year deferral of debt, sales of 35% of total assets with no lease back, sales of 35% of total assets with lease back arrangements, and an infusion of equity capital equal to 35% of total debt. Results from this analysis were intended to show what, if any, courses of action could be pursued by agricultural firm managers and policy makers to reduce farm financial stress. The best test of the ability of these scenarios to reduce financial stress occurred in application to the high leverage wheat farm situations, as these were the cases with the most financial stress. Appropriate programs could be adopted to strengthen the financial position of the farm; in the case of low liquidity, asset sales-lease back; in cases of low solvency, equity infusions; and in circumstances where profitability needs to be enhanced, interest reductions would be the best choice. The results also seemed to suggested that public programs can maintain current levels of financial performance for producers under financial stress but do little to improve those positions.

Download or read book Masters Theses in the Pure and Applied Sciences written by Wade H. Shafer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Masters Theses in the Pure and Applied Sciences was first conceived, published, and disseminated by the Center for Information and Numerical Oata Analysis and Synthesis (CINOAS) * at Purdue. University in 1957, starting its coverage of theses with the academic year 1955. Beginning with Volume 13, the printing and dissemination phases of the activity were transferred to University Microfilms/Xerox of Ann Arbor, Michigan, with the thought that such an arrangement would be more beneficial to the academic and general scientific and technical community. After five years of this joint undertaking we had concluded that it was in the interest of all con cerned if the printing and distribution of the volumes were handled by an interna tional publishing house to assure improved service and broader dissemination. Hence, starting with Volume 18, Masters Theses in the Pure and Applied Sciences has been disseminated on a worldwide basis by Plenum Publishing Cor poration of New York, and in the same year the coverage was broadened to include Canadian universities. All back issues can also be ordered from Plenum. We have reported in Volume 33 (thesis year 1988) a total of 13,273 theses titles from 23 Canadian and 1 85 United States universities. We are sure that this broader base for these titles reported will greatly enhance the value of this important annual reference work. While Volume 33 reports theses submitted in 1988, on occasion, certain univer sities do report theses submitted in previous years but not reported at the time.

Download or read book Western Journal of Agricultural Economics written by and published by . This book was released on 1988 with total page 752 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Stress in Agriculture written by Terry James Farr and published by . This book was released on 1986 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Considerations in Marketing Oregon Grain written by George E. Wood and published by . This book was released on 1966 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wheat is the primary field crop in Oregon. Selection of time of sale is one of the most important marketing problems facing grain producers. The objectives of the study deal with economic considerations involved in a wheat producer's marketing process including factors motivating the time of sale, price analysis, availability and use of market information, the role of country grain handlers, and the use of marketing alternatives to improve net income. The study area consisted of wheat-fallow farms in the Columbia Basin in north central Oregon. Included are specialized wheat units in Umatilla, Gilliam, Morrow, Sherman, and Wasco Counties. Data were obtained through a mail survey of a selected sample of farms and through personal interviews with country elevator managers. The most frequently used alternatives for marketing wheat are selling the grain all at one time (34 percent), selling at more than one time (23 percent), and placing all or part of the wheat under government loan (43 percent). The time of marketing wheat varied from year to year for 70 percent of the growers. Eighty-five percent of the growers who varied the time of sale did so to sell at a better price. Barley sales were much more concentrated in the late summer and early fall months than were wheat sales. Wheat is held longer than barley before selling because of greater fluctuations of wheat prices during the marketing year. The months were ranked from high to low according to an adjusted seasonal price index. Grower estimates of the high and low months of wheat and barley prices ranged throughout the adjusted seasonal price index. Growers have a greater awareness of the months of low prices than the months of high prices for both wheat and barley. In basing their selling decision growers place more importance on unofficial market information than on official reports. Grain handlers, newsletters, magazines, and past experience were the most important unofficial information sources. The weekly grain market report issued at Portland was the most important official source of market information. Even though farmers have ready access to general market and price information, they expressed a need for more specific information on the demand and supply outlook in foreign countries and government grain marketing operations. Country elevator managers stressed the point they do not offer advice on when to market. They only present the market information they have available, and all marketing decisions rest with the grower. The price growers receive equals coastal price minus transportation, wheat commission, and elevator charges. Characteristics of a producer's marketing environment are price uncertainty, scarcity of relevant market information, and the oligopsonistic market structure a producer faces in the sale of his grain. The following marketing plan was profitable from 1955-56 through 1964-65. If the domestic cash price minus the effective support rate for wheat is greater than or equal to $0.10 per bushel during August then August sale of the grain is recommended. If the difference is less than $0.10 per bushel, the sale is made in November or December. The net income received from using this alternative for marketing wheat is $0.035 per bushel more than a straight August sale and more than $0.015 per bushel greater than a straight November or December sale. Barley sales in October and November during the same time period returned about $1.25 per ton more than an August sale. All calculations include storage charges and the opportunity cost of not having sold the grain in August, freeing the producer's capital for other uses.

Download or read book American Doctoral Dissertations written by and published by . This book was released on 1994 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Livestock s Long Shadow written by Henning Steinfeld and published by Food & Agriculture Org.. This book was released on 2006 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The assessment builds on the work of the Livestock, Environment and Development (LEAD) Initiative"--Pref.

Download or read book Bulletin of the Atomic Scientists written by and published by . This book was released on 1973-10 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.

Download or read book The Impact of Financial Policy Options and Government Commodity Program Payments on Farm Financial Survival and Performance written by Sa'ad A. Najim Al-Abdali and published by . This book was released on 1987 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bibliography of Agriculture written by and published by . This book was released on 1973 with total page 1268 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Stress in Agriculture written by Peter J. Barry and published by . This book was released on 1986 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Debt and Income Variation on the Simulated Financial Performance of Large Pacific Northwest Grass Seed grain Farms written by Larwrence A. Burt and published by . This book was released on 1986 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Economic Effect of the Acreage Allotment on Specialized Wheat fallow Farms in Oregon written by Paul Weston Barkley and published by . This book was released on 1959 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Livestock feed Grain Relationships Affecting Economic Adjustment in Oregon Agriculture written by James Irving McDowell and published by . This book was released on 1961 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Circular of Information written by and published by . This book was released on 1988 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dissertation Abstracts International written by and published by . This book was released on 1987 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Comprehensive Dissertation Index written by and published by . This book was released on 1984 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vols. for 1973- include the following subject areas: Biological sciences, Agriculture, Chemistry, Environmental sciences, Health sciences, Engineering, Mathematics and statistics, Earth sciences, Physics, Education, Psychology, Sociology, Anthropology, History, Law & political science, Business & economics, Geography & regional planning, Language & literature, Fine arts, Library & information science, Mass communications, Music, Philosophy and Religion.