Agricultural Finance Review: Volume 66 Issue 1

Bankruptcy reform and the effects on chapter 12 bankruptcy for farmers (and fishermen)

Neil E. Harl

The United States Constitution assures debtors a right to relief from creditors seeking to satisfy claims against debtors unable to pay their debts. For well over a century…

Permanent and expanded: chapter 12 bankruptcy regulations following BAPCPA

Barbara O’Neill

The purpose of this article is to describe Chapter 12 of the Federal Bankruptcy Code and recent changes in federal bankruptcy legislation that affect family farmers and fishermen…

Managing economic risk caused by insects: bug options

Timothy J. Richards, James Eaves, Valerie Fournier, S.E. Naranjo, C.‐C. Chu, T.J. Henneberry

The market for insuring insect damage is far from complete. This study introduces a new type of derivative instrument‐insect derivatives‐that provide growers a market‐based means…

Loss‐given‐default on farm real estate loans: probability of full recovery

Yan Yan, Peter J. Barry

The non‐depreciability characteristic of farmland value implies that farm delinquencies and default may not necessarily lead to loan loss. Considering this, a model under the…

Business start‐up survival challenges and strategies of agribusiness and non‐agribusiness entrepreneurs

Cesar L. Escalante, Calum G. Turvey

The increasing demand for highly differentiated products in today’s enterprise economies has emphasized the small firms’ comparative advantage over larger firms. Business…

Ledger provision in hog marketing contracts

David A. Hennessy, Donald Lien

Price‐dependent loan agreements at low interest rates have sometimes been included in North American hog sector long‐term marketing contracts. We show that a general form of this…

Rates of return on U.S. farm investments, 1940‐2003: a comparison of imputed returns versus residual income approaches

Charles B. Moss, Ashok K. Mishra, Kenneth W. Erickson

The rate of return on farm assets is a key indicator of the profitability of farm sector investments. The residual income approach is most commonly used to estimate the returns to…

Accounting for loan amount and credit rating when calculating lifetime value of agricultural lending relationships

Michael A. Gunderson, Brent A. Gloy, Eddy L. LaDue

Using empirical default probabilities and profitability distributions, a simulation model is developed to identify the long‐term value of relationships among differing credit…

A crop profitability analysis for long‐term crop investments

Clark Seavert, Herbert Hinman, Karen Klonsky

The Crop Profitability Analysis (CPA) computer program is designed to help agricultural producers make long‐run cropping decisions. CPA uses previously generated enterprise…