Replaced with revised version of poster 06/03/11.

This study examines the financial situation of the Farm Credit System Banks for Cooperatives using comparative analysis for the period 1978 through 1991. Profitability and leverage measures of the Banks for Cooperatives are compared with similar measures of large commercial banks. The Banks for...

This paper introduces a framework that generalizes exponential discounting in a net present value model by including a quasi-hyperbolic discount parameter in the asset valuation equation. Using observed market asset data, a statistically significant quasi-hyperbolic parameter is obtained, thus...

The multifunctionality nature of agriculture has been used to justify continuing protection for the agricultural sector. The farm sector produces a variety of outputs, some of which are marketable (or tradable) and others not. Protectionism, under the guise of multifunctionality, is then...

Using the farm household as a unit of analysis and farm-level data, this study examines the impact of off-farm income on farmland values. In contrast to previous studies that assume a homogeneous relationship across the entire distribution, in this study quantile regression is used to estimate...

This paper explores the U.S. agricultural production systems, focusing on the interactions between the crop and livestock sectors. The estimation results of the differential input demand system suggest that the demand for hired labor, self-employed labor, intermediate goods, capital, and land...