Agricultural Finance Review: Volume 67 Issue 2

Factors influencing borrowers’ preferences for lenders

Travis A. Farley, Paul N. Ellinger

Data from a survey of Midwest producers are used to examine the credit source decisions of farm borrowers. The lender attributes preferred by producers are identified in terms of…

Combining hedonic and negative exponential techniques to estimate the market value of land

Leah J. Tsoodle, Allen M. Featherstone, Bill B. Golden

Given the importance of land valuation to various stakeholders, the objective of this research is to estimate a theoretically sound model to model the market value of land in…

Off‐farm income and farm capital accumulation: a farm‐level analysis

Carl J. Lagerkvist, Karin Larsen, Kent D. Olson

An intertemporal model in which farm capital accumulation and work choices by a single‐agent farm household are interdependent is developed and tested using a farm‐level data set…

Structural breaks and agricultural asset allocation

Dustin L. Pendell, Allen M. Featherstone

Structural breaks have been found to have large effects on optimal investment allocations. This analysis empirically tests for a structural break and then evaluates the impact the…

Capital structure, firm size, and efficiency: the case of farm petroleum and animal feed co‐operatives in Canada

Getu Hailu, Scott R. Jeffrey, Ellen W. Goddard

This paper examines the cost structure and cost efficiency for an unbalanced sample of 42 animal feed and 115 farm petroleum co‐operatives in Canada over the period 1984‐2001…

Marginal impact of sales consultant visits and financing opportunities on adoption of variable‐rate fertilizer application

William E. Nganje, Mary S. Friedrichsen, Cole R. Gustafson, Gregory McKee

Precision agriculture has been practiced since the early 1990s, but the adoption rate of this technology has been slower than experts had predicted. This study explores the role…

Cooperative risk management, rationale, and effectiveness: the case of dairy cooperatives

Mark R. Manfredo, Timothy J. Richards

Numerical simulation of several typical risk management strategies using pro forma financial statements from representative U.S. dairy cooperatives shows that combinations of…

Evaluating the effects of asymmetric information in a model of crop insurance

Adeyemi Esuola, Michael Hoy, Zahirul Islam, Calum G. Turvey

Asymmetric information in the form of moral hazard and adverse selection can result in sizable program costs for government‐provided crop insurance plans. We present a methodology…

Evaluating risk management strategies for Pacific Northwest grain producers

Larry D. Makus, H. Holly Wang, Xiaomei Chen

A utility maximization model is used to assess alternative risk management portfolios of Pacific Northwest non‐irrigated grain producers using three rotational practices. Risk…

Producers’ preferences for round number prices

Joni M. Klumpp, B. Wade Brorsen, Kim B. Anderson

The purpose of this study was to determine if a preference for round prices exists in the wheat market and how wheat sales react to price movements around whole‐dollar amounts…