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Time-varying hedge ratios in linked agricultural markets
Bekkerman, Anton - In: Agricultural Finance Review 71 (2011) July, pp. 179-200
Purpose – The purpose of this paper is to examine the potential gains in hedge ratio calculation for agricultural commodities by incorporating market linkages and prices of related commodities into the hedge ratio estimation process. Design/methodology/approach – A vector autoregressive...
Persistent link: https://www.econbiz.de/10009274803
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Mean reversion and autocorrelation in profitability of Illinois farms
Phillips, Jill M.; Katchova, Ani L. - In: Agricultural Finance Review 65 (2005) May, pp. 87-96
Economic theory implies that firms in a competitive market will adjust to long-run equilibrium levels of profitability …, resulting in mean reversion of profitability. Partial adjustment models are applied to farm-level data from Illinois to test for … mean reversion and autocorrelation in profitability. Results show that farm businesses revert to individual levels of …
Persistent link: https://www.econbiz.de/10005007753
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Rural small business trade credit: a paradox
Gustafson, Cole R. - In: Agricultural Finance Review 65 (2005) May, pp. 45-57
This article examines trade credit practices of rural small business firms. The results show that these firms borrow money and then re-lend it to others in the form of trade credit. There is a strong direct relationship between various forms of debt held by these firms and their level of...
Persistent link: https://www.econbiz.de/10005007780
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The sustainability of return on assets among sectors in the food economy
Boland, Michael; Schumacher, Sara - In: Agricultural Finance Review 65 (2005) May, pp. 31-43
Using return on assets as a proxy for profitability, this study evaluates the sustainability of profits in the food …
Persistent link: https://www.econbiz.de/10005007796
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Derivatives as risk management and performance of agricultural banks
Shen, Xuan; Hartarska, Valentina - In: Agricultural Finance Review 73 (2013) April, pp. 290-309
Purpose – The purpose of this paper is to estimate the impact of financial derivatives on profitability in agricultural … for 2006, 2008 and 2010 to estimate an endogenous switching model to evaluate how profitability of derivatives user and … financial derivatives to be accounted for, and to build a counterfactual analysis – what user banks' profitability would have …
Persistent link: https://www.econbiz.de/10010688445
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The sustainability of return on assets among sectors in the food economy
Boland, Michael; Schumacher, Sara - In: Agricultural Finance Review 65 (2005) 1, pp. 31-43
Using return on assets as a proxy for profitability, this study evaluates the sustainability of profits in the food …
Persistent link: https://www.econbiz.de/10014667188
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Mean reversion and autocorrelation in profitability of Illinois farms
Phillips, Jill M.; Katchova, Ani L. - In: Agricultural Finance Review 65 (2005) 1, pp. 87-96
Economic theory implies that firms in a competitive market will adjust to long‐run equilibrium levels of profitability …, resulting in mean reversion of profitability. Partial adjustment models are applied to farm‐level data from Illinois to test for … mean reversion and autocorrelation in profitability. Results show that farm businesses revert to individual levels of …
Persistent link: https://www.econbiz.de/10014667301
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Dairy farm financial performance: firm, year, and size effects
A. Wolf, Christopher; Stephenson, Mark W.; Knoblauch, … - In: Agricultural Finance Review 76 (2016) 4, pp. 532-543
ratios from three university business analysis programs. The evaluation includes measures of profitability, solvency, and … liquidity by herd size. Design/methodology/approach Financial ratios to reflect profitability (rate of return on assets …. Findings Dairy farm profitability performance is similar across herd sizes in poor years but larger herds realized …
Persistent link: https://www.econbiz.de/10014667341
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Derivatives as risk management and performance of agricultural banks
Shen, Xuan; Hartarska, Valentina - In: Agricultural Finance Review 73 (2013) 2, pp. 290-309
Purpose – The purpose of this paper is to estimate the impact of financial derivatives on profitability in agricultural … for 2006, 2008 and 2010 to estimate an endogenous switching model to evaluate how profitability of derivatives user and … financial derivatives to be accounted for, and to build a counterfactual analysis – what user banks' profitability would have …
Persistent link: https://www.econbiz.de/10014667549
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Challenges of insuring weather risk in agriculture
Odening, Martin; Shen, Zhiwei - In: Agricultural Finance Review 74 (2014) 2, pp. 188-199
Purpose – The purpose of this paper is to review some challenges of insuring weather risk in agriculture and to discuss …
Persistent link: https://www.econbiz.de/10014667667