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A simulation is used to examine the impact of government farm program and crop revenue coverage insurance on the probability distribution of returns to land. When combined, marketing loan program payments, agricultural market transition act payments, and market loss assistance payments...
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Demand for federally subsidized farm credit varies regionally, with farm borrowers in some regions very dependent on USDA credit programs. Counties are grouped based on their level of demand for Farm Service Agency (FSA) direct farm ownership (FO) and farm operating loans (OL). Ordinal probit...
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We formulate a method to determine an equitable division of dairy farm partnership income when partners provide unequal amounts of capital, labor, and management and empirically estimate this relationship. New York dairy farm financial data are used within fixed effects and random coefficient...
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A model is developed that shows the usefulness of dynamic optimization in deriving optimal equity recovery strategies for a cooperative lending institution. The objective is to minimize the cost of a member borrowing over time. An interest rate surcharge, above the cost of funds and operating...
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