Download or read book The Impact of Specialization on Farm Financial Performance written by Whitney Bowman and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of specialization on farm financial performance depends on the magnitude of economies of size and scope, as well as manager productivity, commodity pricing performance, and producer risk preference. The objective of this study was to investigate the impact of risk and specialization on farm financial performance, specifically on the mean and variance of return on equity. A balanced panel of 459 Kansas farms was created from Kansas Farm Management Association member farms from 2009 through 2018. Four measures of specialization were used in the model: Herfindahl index; crop-livestock and crop-custom work interaction terms; percentage of income from grains and percentage of income from cash crops; and percentage of income from livestock. The impact of specialization and risk on mean financial performance and the impact of specialization on risk were estimated using three-stage least squares regression and two-stage least squares regressions. Variable means and regression coefficients from the three-stage least squares regression were used to calculate financial performance elasticities. Results show specialization is associated with increased mean financial performance and variance in financial performance. Diversifying into both crop and livestock production is associated with decreased mean farm financial performance. Liquidity and financial efficiency were associated with relatively large impacts on mean financial performance, suggesting that effective cost management is associated with higher mean financial performance. Operator age, solvency, and specializing into production of cash crops such as soybeans and cotton were associated with increased variance in financial performance. These findings have implications for farms to better allocate resources to improve returns and manage risk, and for the use of Extension resources in working with farms of different enterprises.
Download or read book Benchmarking Farm Financial Performance written by Carolyn Marie Braun and published by . This book was released on 2014 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Management Practices on Financial Performance written by Fedra Vanhuyse and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Measurement of Farm Financial Performance written by J. D. Johnson and published by . This book was released on 1987 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Measurement of Farm Financial Performance written by J. D. Johnson and published by . This book was released on 1987 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Role of the Farm Management Specialist in Extension written by David Kahan and published by Farm Management Extension Guid. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Farm management extension is concerned with the development of management strategies and skills among farmers for improved decision-making in the use of resources and linking farmers to markets. With the increasing market-orientation of farming, the decisions taken by farmers are more complex; for farms to compete they must be run as a business. This creates a demand for specialized extension support. To be successful farmers need the skills to produce what the market wants and what satisfies consumers. The growing importance of specialization in farm management is to support farmers in this work.
Download or read book Situation and Outlook Report written by and published by . This book was released on 1987 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agriculture Economics Reports written by and published by . This book was released on 1987 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Agricultural and Applied Economics written by and published by . This book was released on 2006 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Banking and Agricultural Finance written by Madhav Regmi and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Financing agriculture has been both an opportunity and a challenge for agricultural banks. Portfolio returns on agricultural banks depend on the profitability of agricultural lending. Changes in the agricultural economy and public policies shape that profitability. A downturn in the agricultural sector adversely affects that success. The regulatory environment also influences the structure and performances of agricultural credit market. Competition with the tax-favored Farm Credit System is another for U.S. agricultural banks. The three essays of this dissertation look at these different dimensions of banking competition and financial policies and their potential effects on the commercial agricultural banks. The first essay examines the impact of bank competition on performance and financial stability of agricultural banks using the Reports of Conditional and Income data. A Lerner index is constructed as a measure of market power. A Z-score is used as a measure of bank riskiness. The return on assets, return on equity, agricultural loan volume and proportion of agricultural loans to the total loans are used as performance measures. Results indicate that bank competition has a U-shaped effect on the probability of default, and an inverted U-shaped effect on volume and proportion of agricultural lending. There also exists an evidence of positive but non-linear effects of bank market power on the profitability of agricultural banks. The second essay examines the effects of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) on cost efficiency, returns to scale and productivity growth measures between big banks and small agricultural banks. The Dodd-Frank Act was intended to reduce the too-big-to-fail practices for very large banks (with asset size above $10 billion and above $50 billion). However, it may have affected the performance of relatively small asset sized banks with different lending portfolios. Using the Reports of Conditional and Income data from 2006 to 2016, results indicate that the Dodd-Frank Act increased cost efficiency, decreased merger incentives and encouraged product specialization for banks above the $50 billion asset size. However, these results do not hold for the banks near the $10 billion asset size. The Act reduced agricultural banks' cost efficiency and increased incentives for mergers. In addition, the Dodd-Frank Act has dampened the incentives of agricultural banks to specialize in agricultural lending. Likewise, evidence exists that this act has slowed productivity growth, efficiency and technological change in agricultural banks. Taken together, the Dodd-Frank Act reduced consolidations in very big banks that are subject to the greater oversight but adversely affected U.S. agricultural lending. The third essay identifies the impact of corporate income tax treatment to the Farm Credit System (FCS) on farm debt share and its consequences on borrowing costs for the farm loans. Also, the spillover effects of market share on interest rates on agricultural loans are estimated. This research finds that a 10 percent increase in state (federal) level corporate income tax is associated with 1.76 percent (3.76 percent) increase in FCS total farm debt market share. For a 10 percent rise in the farm credit system's total farm debt market share results in a 0.06 percent increase in the estimated interest rate of total farm debt. Moreover, state level farm financial measures are also crucial in determining the change in market share of farm credit system and interest rate on the agricultural loan. This dissertation makes three contributions in the banking and agricultural finance literature. First, a competition enhancing (reducing) regulation may improve the financial health of agricultural banks as well as their agricultural lending in the more (less) concentrated agricultural banking market. Second, the Dodd-Frank Act has an indirect and adverse impact on agricultural banking though it may have reduced an incentive to merge in big banks. Third, favorable tax treatment for the FCS has adversely affected the market competitiveness of agricultural banks that may have imposed an indirect burden to the farm households through higher interest rates.
Download or read book Agricultural Finance Review written by and published by . This book was released on 2009 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Local Food Systems Concepts Impacts and Issues written by Steve Martinez and published by DIANE Publishing. This book was released on 2010-11 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive overview of local food systems explores alternative definitions of local food, estimates market size and reach, describes the characteristics of local consumers and producers, and examines early indications of the economic and health impacts of local food systems. Defining ¿local¿ based on marketing arrangements, such as farmers selling directly to consumers at regional farmers¿ markets or to schools, is well recognized. Statistics suggest that local food markets account for a small, but growing, share of U.S. agricultural production. For smaller farms, direct marketing to consumers accounts for a higher percentage of their sales than for larger farms. Charts and tables.
Download or read book Farming Systems and Poverty written by John A. Dixon and published by Food & Agriculture Org.. This book was released on 2001 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: A joint FAO and World Bank study which shows how the farming systems approach can be used to identify priorities for the reduction of hunger and poverty in the main farming systems of the six major developing regions of the world.
Download or read book Determinants of Financial Performance of Commercial Dairy Farms written by Hisham S. El-Osta and published by . This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Planning for aquaculture diversification the importance of climate change and other drivers written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2018-05-31 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: FAO Fisheries and Aquaculture Proceedings These proceedings, from a workshop convened by FAO and World Fisheries Trust (Canada), summarize diversification successes and opportunities in all major world regions, and identify general principles to guide diversification in aquaculture.The document includes an assessment of main strategies and future steps, not only in terms of purely economic costs but also in development costs, including evaluation and mitigation of environmental and social impacts and establishment of species-specific biosecurity frameworks.
Download or read book Publicly Funded Agricultural Research and the Changing Structure of U S Agriculture written by National Research Council and published by National Academies Press. This book was released on 2002-03-18 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Department of Agriculture (USDA) requested that the Board on Agriculture and Natural Resources of the National Research Council (NRC) convene a panel of experts to examine whether publicly funded agricultural research has influenced the structure of U.S. agriculture and, if so, how. The Committee to Review the Role of Publicly Funded Agricultural Research on the Structure of U.S. Agriculture was asked to assess the role of public-sector agricultural research on changes in the size and numbers of farms, with particular emphasis on the evolution of very-large-scale operations.
Download or read book Agroecosystem Diversity written by Gilles Lemaire and published by Academic Press. This book was released on 2018-10-08 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agro-Ecosystem Diversity: Impact on Food Security and Environmental Quality presents cutting-edge exploration of developing novel farming systems and introduces landscape ecology to agronomy. It encompasses the broad range of links between agricultural development and ecological impact and how to limit the potential negative results. Presented in seven sections, each focusing on a specific challenge to sustaining diversity, the book provides insights toward the argument that by re-introducing diversity, it should be possible to maintain a high level of productivity of agro-ecosystems while also maintaining and/or restoring a satisfactory level of environment quality and biodiversity. Demonstrates that diversified agro-ecosystems can be intensified with environmental quality preserved, restored and enhanced Includes analysis of economic constraints leading to specialization of farms and regions and the social locking forces resisting to diversification of agro-ecosystems Presents a global vision of world agriculture and the tradeoff between a necessary increase in food production and restoring environment quality
