Search Results

Showing results 1 to 3 of approximately 3.

(refine search)
SORT BY: PREVIOUS / NEXT
Jel Classification:Q15 

Working Paper
Drought and Cattle: Implications for Ranchers

Drought has occurred with greater intensity and frequency in many areas of the United States in recent years. Despite the growing concern surrounding the impacts of drought on the agricultural sector, few studies have quantified the impact of drought on the cattle industry. In this paper, we estimate the impacts of drought on cattle herd management, hay production, hay prices, and farm income in the United States from 2000 to 2022. Our results indicate that drought negatively impacts hay production and results in higher hay prices. Drought also contributes to herd liquidation and is ...
Research Working Paper , Paper RWP 23-06

Working Paper
The distributional effects of contractual norms: the case of cropshare agreements

According to principal-agent theory, a share contract strikes an optimal balance between risk-sharing and incentive provision when it is difficult to gauge the agent's contribution. This theory predicts that the size of the share should vary with economic fundamentals. In practice, however, the share divisions that are specified often cluster around "usual and customary" levels ? even when there is substantial heterogeneity among principal - agent pairs. Using Illinois farm-level data observed between 1980 and 1994 that include soil productivity ratings, tenant net income, and crop yields, ...
Working Papers , Paper 15-7

Working Paper
Examining the Relationships between Land Values and Credit Availability

Given the changes made to the agricultural lending system since the 1980s farm crisis, we investigate the current effects of credit availability on land values. Using data from Federal Reserve Agricultural Credit Surveys, we measure credit availability and perform county-level panel fixed effects estimations controlling for land value determinants, credit availability factors, and county and macroeconomic factors. We build an indicator of increased credit availability and find that estimating farmland values with different factors of credit availability separately could mask combined effects. ...
Research Working Paper , Paper RWP 20-02

FILTER BY year

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

D01 1 items

D02 1 items

D33 1 items

G21 1 items

Q10 1 items

show more (3)

FILTER BY Keywords

Ag Credit Survey 1 items

Farm loans 1 items

Fixed effects 1 items

Interest rates 1 items

Land values 1 items

agriculture 1 items

show more (7)

PREVIOUS / NEXT