B. Dixon, B. Ahrendsen, A. O. Landerito, Sandra J. Hamm, Diana M. Danforth
{"title":"Determinants of FSA Direct Loan Borrowers' Financial Improvement and Loan Servicing Actions","authors":"B. Dixon, B. Ahrendsen, A. O. Landerito, Sandra J. Hamm, Diana M. Danforth","doi":"10.22004/AG.ECON.131367","DOIUrl":"https://doi.org/10.22004/AG.ECON.131367","url":null,"abstract":"Regression models of Farm Service Agency borrower net worth, debt-to-asset ratio, and loan servicing actions over an average seven-year period following loan origination are estimated to identify determinants of borrower financial progress over time. Results show significantly increasing net worth and debt-to-asset ratio. The change in net worth increases and the change in debt-to-asset ratio decreases as time in loan program increases. Increasing origination net worth tends to decrease loan servicing actions. Socially disadvantaged and beginning farmer loans perform similarly to nonprogram loans. Borrowers originating limited resource loans experience significant net worth impacts relative to borrowers originating regular FSA loans.","PeriodicalId":31351,"journal":{"name":"Agraris Journal of Agribusiness and Rural Development Research","volume":"136 1","pages":"131-149"},"PeriodicalIF":0.0,"publicationDate":"2010-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86418494","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Relationship Between Sire Representation and Average Yearling Prices in the Thoroughbred Industry","authors":"Devie A. Poerwanto, C. Stowe","doi":"10.22004/AG.ECON.131323","DOIUrl":"https://doi.org/10.22004/AG.ECON.131323","url":null,"abstract":"Many Thoroughbred stallions are being bred to increasing numbers of mares. This practice raises the question of how progeny value is affected by an increased supply of foals by the same sire, which ultimately influences the sire’s value. This paper addresses that question. Three of the four models presented in our study find that the average price of a sire’s yearlings is increasing in sire representation. In addition, greater sire representation decreases the likelihood that a yearling is removed from the sale, but may increase the likelihood that it does not meet its reserve price.","PeriodicalId":31351,"journal":{"name":"Agraris Journal of Agribusiness and Rural Development Research","volume":"452 1","pages":"61-74"},"PeriodicalIF":0.0,"publicationDate":"2010-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82926142","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Value-Based Marketing: A Discussion of Issues and Trends in the Slaughter Cattle Market","authors":"S. Fausti, Matthew A. Diersen, B. Qasmi, Jing Li","doi":"10.22004/AG.ECON.127768","DOIUrl":"https://doi.org/10.22004/AG.ECON.127768","url":null,"abstract":"Pricing and technological innovation are discussed within the context of the beef industry’s value-based marketing initiative. Cash and contract marketing practices for fed cattle are addressed with respect to slaughter volume and pricing methods (live, dressed, and grid). A methodology for estimating grid market share of weekly slaughter volume, based on USDA market reports (2004–2009), is introduced. Weekly grid market shares for the cash and contract markets are derived. Summary statistics indicate that grid pricing has become an important pricing mechanism, but has not surpassed average pricing with respect to slaughter volume market share.","PeriodicalId":31351,"journal":{"name":"Agraris Journal of Agribusiness and Rural Development Research","volume":"63 1","pages":"89-110"},"PeriodicalIF":0.0,"publicationDate":"2010-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83388208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Developing Effective Marketing Strategies for Agritourism: Targeting Visitor Segments","authors":"M. Sullins, D. Moxon, D. Thilmany","doi":"10.22004/AG.ECON.131366","DOIUrl":"https://doi.org/10.22004/AG.ECON.131366","url":null,"abstract":"In Colorado, agritourism shows the potential to benefit agricultural producers and rural communities by generating additional income from consumers who are willing to pay for rural and agriculturally related experiences. This study uses a survey of Colorado agritourists to identify five distinct groups of visitors using demographics, attitudes, expenditures, and activity types. The visitor clusters are significantly different when considering types of travel planning and transportation, agritourism participation, and importance of agritourism to the travel party’s visit, among other behaviors. We conclude with a discussion of the marketing and joint planning implications for agritourism providers, the tourism industry, and Colorado communities.","PeriodicalId":31351,"journal":{"name":"Agraris Journal of Agribusiness and Rural Development Research","volume":"49 1","pages":"111-130"},"PeriodicalIF":0.0,"publicationDate":"2010-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89871590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Market Orientation, Innovativeness, and Performance of Food Companies","authors":"A. Johnson, C. Dibrell, E. Hansen","doi":"10.22004/AG.ECON.90659","DOIUrl":"https://doi.org/10.22004/AG.ECON.90659","url":null,"abstract":"Food processors have seen escalating levels of competition over the past three decades. An underlying objective of this research is to gain a greater understanding of how food companies thrive in the face of this increased competition. This study incorporates market orientation theory (competitor orientation, customer orientation, and interfunctional coordination) and firm innovativeness to explain differences in firm financial performance. A national survey of food processors was conducted and structural equation modeling was used to test the hypotheses. The results show that the more successful firms are more internally focused (interfunctional coordination and innovativeness) than externally focused (competitor and customer orientation).","PeriodicalId":31351,"journal":{"name":"Agraris Journal of Agribusiness and Rural Development Research","volume":"39 1","pages":"85-106"},"PeriodicalIF":0.0,"publicationDate":"2009-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90382426","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Traceability Adoption by Specialty Crop Producers in California","authors":"Zachary J. Stuller, Bradley Rickard","doi":"10.22004/AG.ECON.90637","DOIUrl":"https://doi.org/10.22004/AG.ECON.90637","url":null,"abstract":"Surveys were sent to specialty crop producers in California, predominantly grower-packer-shippers, during the first half of 2006 to better understand the motives for traceability adoption. The questions in our survey allowed respondents to consider the benefits of tracing. A representative tracing system for melons was developed and costs for the system were collected from industry sources. Values were assigned to the benefits of traceability based on the cost of the representative system, responses collected in our survey, and using Borda’s rule. Results suggest that litigation concerns and firm reputation are the key drivers for maintaining traceability.","PeriodicalId":31351,"journal":{"name":"Agraris Journal of Agribusiness and Rural Development Research","volume":"23 1","pages":"101-116"},"PeriodicalIF":0.0,"publicationDate":"2008-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76691802","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Feasible Fumigant-Herbicide System Alternatives to Methyl Bromide for Bell Pepper Producers","authors":"M. M. Byrd, C. Escalante, E. Fonsah, M. Wetzstein","doi":"10.22004/AG.ECON.62283","DOIUrl":"https://doi.org/10.22004/AG.ECON.62283","url":null,"abstract":"With the current methyl bromide (MeBr) system for producing Georgia’s peppers being phased out, alternative fumigant and herbicide systems for producers are analyzed. Using stochastic dominance analyses, two alternatives exceeding MeBr’s yield and financial efficiency were identified. A programming model, incorporating simulation-optimization techniques, generated optimal production and financial plans. Results indicate potential economic viability under alternative systems vis-a-vis the traditional MeBr production system. The Telone II and Chloropicrin combination with Metham potassium may offer a viable substitute for MeBr.","PeriodicalId":31351,"journal":{"name":"Agraris Journal of Agribusiness and Rural Development Research","volume":"4 1","pages":"31-45"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82432669","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Foltz, Staci Woodall, P. Wandschneider, R. Taylor
{"title":"The contribution of the grape and wine industry to Idaho's economy: agribusiness and tourism impacts.","authors":"J. Foltz, Staci Woodall, P. Wandschneider, R. Taylor","doi":"10.22004/AG.ECON.62287","DOIUrl":"https://doi.org/10.22004/AG.ECON.62287","url":null,"abstract":"The impact of Idaho’s wine and grape industry was assessed as an agribusiness and as a tourist industry. Idaho’s grape and wine industry is in its infancy, with wine sales of $15 million from 15 wineries and growers cultivating about 1,000 acres, primarily in southwestern Idaho’s Canyon County. Synthesized output multipliers for wine tourism were virtually identical to the agribusiness output multipliers (1.86 and 2.10 for Canyon County and the state of Idaho, respectively). The wine and grape industry’s agribusiness impact is $15 million in sales and 120 jobs in Idaho, and $23 million and 140 jobs for Canyon County. In contrast, tourism expenditures stimulate other businesses in addition to the agribusiness linkages of grape and wine production. Thus, only about three-fourths of the current wine production would be required to be sold to out-of-region tourists to equal the impact of the wine and grape industry as an agribusiness industry.","PeriodicalId":31351,"journal":{"name":"Agraris Journal of Agribusiness and Rural Development Research","volume":"13 1","pages":"77-91"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88128386","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Richardson, Brian K. Herbst, Joe L. Outlaw, R. Gill
{"title":"Including Risk in Economic Feasibility Analyses: The Case of Ethanol Production in Texas","authors":"J. Richardson, Brian K. Herbst, Joe L. Outlaw, R. Gill","doi":"10.22004/AG.ECON.62291","DOIUrl":"https://doi.org/10.22004/AG.ECON.62291","url":null,"abstract":"The widespread use of personal computers and spreadsheet models for feasibility studies makes risk-based Monte Carlo simulation analysis of proposed investments a relatively simple task. Add-in simulation packages for Microsoft® Excel can be used to make spreadsheet models stochastic. Rather than basing investment decisions on point estimates, investors can easily estimate the implied distributions of returns for uncertain investments and calculate the risk of an investment as well as the probability of success. The benefits of using Monte Carlo simulation to analyze a risky investment are demonstrated using an ethanol plant as an example.","PeriodicalId":31351,"journal":{"name":"Agraris Journal of Agribusiness and Rural Development Research","volume":"44 1","pages":"115-132"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84061730","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Canadian Orange Juice Imports and Production Level Import Demand","authors":"Yan Liu, R. Kilmer, J. Lee","doi":"10.22004/AG.ECON.62281","DOIUrl":"https://doi.org/10.22004/AG.ECON.62281","url":null,"abstract":"Import demand equations are estimated in order to identify the own-, cross-price, and volume elasticities that can be used to determine the best marketing strategy to increase U.S. orange juice gallons in the Canadian import market. This study uses the firm’s version of production differential, AIDS, CBS, and NBR models. An expansion of total Canadian orange juice import gallons using advertising favors the U.S. much more than it does the other three origins investigated— Brazil, Mexico, and ROW. A 1% increase in imported gallons of orange juice due to advertising will increase U.S. imports by 1.20% and Brazil’s gallons by 0.60%.","PeriodicalId":31351,"journal":{"name":"Agraris Journal of Agribusiness and Rural Development Research","volume":"22 1","pages":"17-29"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79607438","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}