Agricultural Finance Review: Volume 73 Issue 3

Measuring credit capacity on Danish farms using DEA

Michael Friis Pedersen, Jakob Vesterlund Olsen

– The purpose of this paper is to introduce a novel measure of access to credit suited to estimate the relative change in credit reserves.

The impact of liquidity and solvency on cost efficiency

Levi Alan Russell, Michael R. Langemeier, Brian C. Briggeman

– This paper aims to develop and utilize a conceptual framework to examine the impact of liquidity and solvency on cost efficiency for a sample of Kansas farms.

Real options or net present value?: An experimental approach on the investment behavior of Kazakhstani and German farmers

Dulat Tubetov, Syster Christin Maart-Noelck, Oliver Musshoff

The purposes of the study are to compare the investment behavior of farmers in Kazakhstan as a transforming country and in Germany as a Western industrialized country as well as…

Impact of the Section 179 tax deduction on machinery investment

Joleen C. Hadrich, Ryan Larsen, Frayne E. Olson

The purposes of this paper are to determine the financial, structural, and tax policy factors that influence the probability of buying machinery and the intensity of the machinery…

The use of copulas in explaining crop yield dependence structures for use in geographic diversification

Ryan Larsen, James W. Mjelde, Danny Klinefelter, Jared Wolfley

What copulas are, their estimation, and use is illustrated using a geographical diversification example. To accomplish this, dependencies between county-level yields are…

Quantifying the sources of revenue variation in the Northern Great Plains

Joleen C. Hadrich

– The purpose of this paper is to determine the sources and factors affecting farm revenue variation on crop and livestock farms in the Northern Great Plains.

Land-use change and solar energy production: a real option approach

Ardjan Gazheli, Luca Di Corato

In this paper, a real option model is developed to examine the critical factors affecting the decision to lease agricultural land to a company installing a PV power plant…

Was there a peso problem in cattle options?: Evidence from the 2003 bovine spongiform encephalopathy announcement

Michael Thomsen, Andrew M. McKenzie, Gabriel J. Power

Pricing densities implied from options on live cattle futures show a persistent and negative skew. The purpose is to examine whether the skew can be explained, in part, by…