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Farm Financial Performance Of Kentucky Farms, Tarrah M. Dunaway
Farm Financial Performance Of Kentucky Farms, Tarrah M. Dunaway
Theses and Dissertations--Agricultural Economics
This study examines farm financial performance of Kentucky farms using Kentucky Farm Business Management data from 1998-2010. Logit models are used to estimate the likelihood of farm characteristics affecting whether financial ratios fall into critical zones or not. The results show that large farms in terms of total gross returns and total assets are less likely to experience repayment capacity problems. Total gross returns significantly affect all five financial measures. These findings will help farmers and lenders understand what factors influence farm financial performance. Profitability migration is tested to see if the migration probabilities differ across business cycles. Migration drift …
Implications Of Off-Farm Income For Farm Income Stabilization Policies, Simon Jette-Nantel
Implications Of Off-Farm Income For Farm Income Stabilization Policies, Simon Jette-Nantel
Theses and Dissertations--Agricultural Economics
This dissertation examines to what extent off-farm diversification may be an appropriate and accessible tool to mitigate the adverse effects from market failures and incompleteness in the crop and farm income insurance market. While the influence of the nonfarm sector has long been recognized as a primary force in shaping farm structure, off-farm income is rarely acknowledge as a risk management tool for operators and households of commercial farms. The dissertation develops a dynamic model that includes capital market imperfections, economies of scale in farm production, and the presence of adjustment costs in labor allocation decisions. The model provides a …