scholarly journals Effects of Farm Bill Commodity Subsidies on US Corn Production, Farm Income, and Market Price

2013 ◽  
Vol 20 ◽  
pp. 14 ◽  
Author(s):  
Dana Hecht
Keyword(s):  
Market Price ◽  
Safety Net ◽  
Farm Income ◽  
Income Support ◽  
Crop Season ◽  
Corn Production ◽  
Farm Bill ◽  
Market Prices ◽  
Corn Prices ◽  
Farmer Income

This paper outlines the effects of farm bill subsidies on corn farmers’ planting decisions, overall production, corn farmer income and market price of corn. The author utilizes a series of real and hypothetical market prices to demonstrate the particular combinations of subsidies that are available for corn farmers under varying market conditions. Research suggests that certain subsidies are theoretically capable of increasing production above normal levels when prices of corn fall below a certain threshold. However, in practice, prices of corn have not fallen below this threshold for extended periods of time, and thus this scenario has rarely presented itself historically. The author concludes that because they provide income support for corn farmers and create a safety net for corn prices, these subsidies represent an incentive in itself to grow corn over other non-subsidized produce. Thus, it is possible that corn subsidies have led to the growth of the industry over time by influencing the choices that farmers have made throughout history upon entering the market, rather than by influencing day-to-day planting decisions throughout the crop season.

scholarly journals Whole farm safety net programs: an emerging US farm policy evolution?

2019 ◽  
Vol 35 (4) ◽  
pp. 435-438
Author(s):  
Carl Zulauf
Keyword(s):  
Crop Insurance ◽  
Market Price ◽  
Safety Net ◽  
Farm Bill ◽  
Farm Safety ◽  
Price Increases ◽  
Evolutionary Changes ◽  
Policy Evolution ◽  
Commodity Programs ◽  
Almost All

AbstractThe 2018 farm bill is the latest in a history that dates to 1933. Commodity assistance is the only program in all farm bills, but with evolutionary changes. Current farm commodity programs largely make payments to farms, a stark contrast to the 1930s when they limited supply, put a floor under market price, and dampened price increases via public stocks. Crop insurance, which began as an experimental pilot program in 1938, now has its own farm bill title. Almost all commodity and insurance programs have provided assistance based on a calculation specific to an individual commodity's price and/or yield. However, an evolutionary change to whole farm commodity programs may be in its infant stages. They provide assistance for variation in a farm's aggregate revenue across multiple crops. Whole farm experiments currently exist in both the commodity and crop insurance titles. Analysis of a whole farm commodity program finds that its payments differ by year from actual payments made by current commodity programs and are smaller in total.

scholarly journals Corn Business Development Opportunities Through an Agribusiness Approach

2021 ◽  
Vol 8 (2) ◽  
pp. 373-381
Author(s):  
Nuraeni Nuraeni ◽  
Rasmeidah Rasyid Patingari ◽  
Nurfitriana Alifia
Keyword(s):  
Simple Random Sampling ◽  
Farming System ◽  
Farm Income ◽  
Corn Production ◽  
Farm Production ◽  
South Sulawesi ◽  
System 2 ◽  
Farmer Income ◽  
Development Prospects ◽  
Descriptive Statistical Analysis

The purpose of this study is to (1) examine the application of the corn farming agribusiness system, (2) examine the production and income generated by corn farming, (3) examine the feasibility of corn farming, and (4) examine the prospects for corn farming development. Tanah Towa Village is located in Kajang District, Bulukumba Regency, South Sulawesi. Simple random sampling was used to select up to 59 respondents. The descriptive statistical analysis, farm income analysis, farming feasibility analysis, and time series analysis were all used to analyze the data. The results indicated that (1) the application of the agribusiness farming system with the production facilities subsystem met the correct criteria in 68% of cases and was incorrect in 32% of cases. (2) the average farm production of corn in Tanah Towa Village, Kajang District, Bulukumba Regency in the form of dry shells is still low at 2,204.4 kg/ha, compared to the subdistrict level of 3,733 kg/ha, with farmer income of Rp. 5,942,319/ha. (3) The feasibility of corn farming has increased (R/C = 3), indicating that it is feasible to develop; (4) The prospect of developing corn production in Kajang District has increased, indicating that it has favorable development prospects.significantly, to the point where it now has favorable development prospects.

UJI TINGKAT KESESUAIAN NILAI JUAL OBJEK PAJAK DENGAN MENGGUNAKAN APLIKASI ASSESSMENT RATIO

INFO ARTHA ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 45-53
Author(s):  
Swasito Adhipradana Prabu
Keyword(s):  
Market Price ◽  
Current Level ◽  
Accuracy Rate ◽  
Tax Base ◽  
Market Prices ◽  
Administration System ◽  
Positive Correlation ◽  
Big Cities ◽  
Better Than

The decentralization of PBB-P2 in Indonesia is expected to produce a better PBB-P2 administration system. One indicator of a better PBB-P2 administration system is a fair collection of PBB-P2 based on tax base (NJOP) valuation close to market prices. This study examines whether NJOP, as the basis for the imposition of PBB-P2, is in accordance with the market price using the assessment ratio. This study found that the current level of accuracy of the NJOP has not met the standard agreed upon by the IAAO. In addition, this study also found that the NJOP accuracy rate in big cities was slightly better than the NJOP accuracy rate in other cities. In addition, this study also found that there was no positive correlation between NJOP updating activities through SPOP filling and NJOP accuracy. Desentralisasi PBB-P2 di Indonesia diharapkan menghasilkan sistem penatausahaan PBB-P2 yang lebih baik. Salah satu indikator dari sistem penatausahaan PBB-P2 yang lebih baik adalah pemungutan PBB-P2 yang adil dengan dasar pengenaan pajak (NJOP) yang mendekati harga pasar. Studi ini meneliti apakah NJOP sebagai dasar pengenaan PBB-P2 sudah sesuai dengan harga pasar menggunakan assessment ratio. Penelitian ini menemukan bahwa tingkat akurasi NJOP saat ini belum memenuhi standar yang disepakati oleh IAAO. Selain itu, penelitian ini juga menemukan bahwa tingkat akurasi NJOP di kota besar, sedikit lebih baik dibanding tingkaat akurasi NJOP di kota-kota lainnya. Selain itu, penelitian ini juga menemukan bahwa tidak ada korelasi positif antara kegiatan pemutakhiran NJOP melalui pengisian SPOP dengan tingkat akurasi NJOP.

scholarly journals Fractional differencing in stock market price and online presence of global tourist corporations

2019 ◽  
Vol 24 (48) ◽  
pp. 194-204 ◽  
Author(s):  
Francisco Flores-Muñoz ◽  
Alberto Javier Báez-García ◽  
Josué Gutiérrez-Barroso
Keyword(s):  
Time Series ◽  
Stock Market ◽  
Market Price ◽  
Google Trends ◽  
Data Sets ◽  
Market Prices ◽  
Content Type ◽  
Search Results ◽  
Online Presence ◽  
Fractional Differencing

Purpose This work aims to explore the behavior of stock market prices according to the autoregressive fractional differencing integrated moving average model. This behavior will be compared with a measure of online presence, search engine results as measured by Google Trends. Design/methodology/approach The study sample is comprised by the companies listed at the STOXX® Global 3000 Travel and Leisure. Google Finance and Yahoo Finance, along with Google Trends, were used, respectively, to obtain the data of stock prices and search results, for a period of five years (October 2012 to October 2017). To guarantee certain comparability between the two data sets, weekly observations were collected, with a total figure of 118 firms, two time series each (price and search results), around 61,000 observations. Findings Relationships between the two data sets are explored, with theoretical implications for the fields of economics, finance and management. Tourist corporations were analyzed owing to their growing economic impact. The estimations are initially consistent with long memory; so, they suggest that both stock market prices and online search trends deserve further exploration for modeling and forecasting. Significant differences owing to country and sector effects are also shown. Originality/value This research contributes in two different ways: it demonstrate the potential of a new tool for the analysis of relevant time series to monitor the behavior of firms and markets, and it suggests several theoretical pathways for further research in the specific topics of asymmetry of information and corporate transparency, proposing pertinent bridges between the two fields.

scholarly journals CONCEPT OF ECONOMICAL‐MATHEMATICAL MODEL OF LAND MARKET

2007 ◽  
Vol 13 (4) ◽  
pp. 333-340
Author(s):  
Gintautas Šatkauskas
Keyword(s):  
Mathematical Model ◽  
Input Parameter ◽  
Market Price ◽  
Research Process ◽  
Land Market ◽  
Market Prices ◽  
Noise Background ◽  
Input Parameters ◽  
Main Components ◽  
Sufficient Precision

Input parameters, ie factors defining the market price of agricultural‐purpose land, are interrelated very often by means of non‐linear ties. Strength of these ties is rather different and this limits usefulness of information in the research process of land market prices. Influence of input parameter changes to the input parameters in case when there are rather substantial changes may be determined in someone direction with a sufficient precision, whereas in other directions with comparatively small changes of input parameters this influence is difficult to be separated from the “noise” background. Taking into account the above‐listed circumstances, the concept of economical‐mathematical model of land market should be as follows: there is carried out re‐parameterisation of the process by means of introduction of new parameters in such a way that the new parameters are not interrelated, and the full process is evaluated at the minimal number of these parameters. These requirements are met by the main components of the input parameters. Then normalisation of the main components is carried out and dependencies on new parameters are determined. It is easier to interpret the dependencies obtained having reduced the number of input parameters and the higher the non‐linearity of interrelations of primary land market data, the greater effect of normalisation of input-parameter components. The results are compared with the valuations of experts.

scholarly journals Agriculture at a Crossroads: Ensuring Conservation and Income Support in the Farm Bill

2002 ◽  
Vol 9 (1) ◽  
pp. 10
Author(s):  
Amy Fredregill
Keyword(s):  
Natural Resources ◽  
Policy Analysis ◽  
Harmful Effect ◽  
Environmental Conservation ◽  
Wildlife Habitat ◽  
Conservation Practices ◽  
Income Support ◽  
Policy Options ◽  
Farm Bill ◽  
Policy Alternatives

While most farmers take steps to enhance natural resources, times of low prices and high costs may create difficulties for farmers who wish to spend resources on agriculture conservation. Consequently, farming can have a harmful effect on natural resources. Because many farmers rely on income support payments, and most income programs do not require farmers to utilize environmental conservation practices, environmental degradation continues. To ensure adequate protection of water quality, soil quality and wildlife habitat, and to provide income support for farms of all sizes, politically feasible legislation is needed to link income payments with conservation practices. This article follows the outline of atraditional policy analysis to examine four policy options for the farm bill the Conservation Security Program (CSP), Flex Fallow, the Conservation Reserve Program, and conservation easements. The options range from conservative to liberal, with differing environmental and income impacts. Policy options for achieving these goals were judged using the following criteria: effectiveness in achieving conservation goals,' effectiveness in supporting farmer income,' political feasibility,' and strength of the linkage between conservation practices and income payments. Based on this analysis, CSP is the best option for the farm bill, because it is a compromise approach to achieving the goals of this analysis. This evaluation is presented as a policy analysis in order to provide a systematic technique for identifying solutions to current farm policy problems. The elements of a policy analysis traditionally include formulating a problem, identifying policy alternatives, forecasting the future, modeling the impacts of alternatives, and comparing and ranking the policy alternatives.

scholarly journals International Real Estate Review

2010 ◽  
Vol 13 (3) ◽  
pp. 282-322
Author(s):  
Massimo Biasin ◽  
◽  
Anna Grazia Quaranta ◽  
Keyword(s):  
Real Estate ◽  
Financial Risk ◽  
Market Price ◽  
Policy Implications ◽  
Share Price ◽  
Prudential Regulation ◽  
Market Prices ◽  
Capital Theory ◽  
Bankruptcy Risk ◽  
Almost All

In contrast to the US experience, most international (European) real estate investments trusts (REITs) are subject to prudential regulation. This paper investigates the effects of prudential regulation on capital structures and consequently, the REIT share values of major legal and market constraints (i.e. leverage limitations, market discount on net asset value (NAV), tax controls) that affect non-US REITs. Italian market data are used for an empirical analysis. Our hypothesis is that in a constrained environment, the effects on share price significantly depend on the adopted valuation perspective, i.e. if shares are valued by following a NAV or a financial approach. The logic for this hypothesis is that the two valuation methodologies perceive leverage and implied financial risk differently. In particular, we argue that NAV valuation techniques incentivise REITs to maximize leverage regardless of the financial theory which indicates a contrasting impact of debt on the market value of shares. Differences in financial risk perception could also partially explain market price discounts on NAVs.The empirical results seem to support these expectations. Almost all Italian REITs tend to increase debt ratios over time. NAV discounts are significantly related to leverage. The discount effect is largely attributable to NAV increases that result from rising debt levels. On the contrary, share market prices tend to be independent from leverage. The latter result may indicate that the classic capital theory applies and current debt ratios do not imply bankruptcy risk. The results have significant policy implications in terms of an optimal regulatory design.

scholarly journals The Dynamic Relationship between Crude Oil Prices and Stock Market Price Volatility in Nigeria: A Cointegrated VAR-GARCH Model

2019 ◽  
pp. 1-12
Author(s):  
David Adugh Kuhe
Keyword(s):  
Stock Market ◽  
Crude Oil ◽  
Market Price ◽  
Garch Model ◽  
Price Volatility ◽  
Oil Prices ◽  
Market Prices ◽  
Dynamic Relationship ◽  
Crude Oil Prices ◽  
Long Run

This study investigates the dynamic relationship between crude oil prices and stock market price volatility in Nigeria using cointegrated Vector Generalized Autoregressive conditional Heteroskedasticity (VAR-GARCH) model. The study utilizes monthly data on the study variables from January 2006 to April 2017 and employs Dickey-Fuller Generalized least squares unit root test, simple linear regression model, unrestricted vector autoregressive model, Granger causality test and standard GARCH model as methods of analysis. Results shows that the study variables are integrated of order one, no long-run stable relationship was found to exist between crude oil prices and stock market prices in Nigeria. Both crude oil prices and stock market prices were found to have positive and significant impact on each other indicating that an increase in crude oil prices will increase stock market prices and vice versa. Both crude oil prices and stock market prices were found to have predictive information on one another in the long-run. A one-way causality ran from crude oil prices to stock market prices suggesting that crude oil prices determine stock prices and are a driven force in Nigerian stock market. Results of GARCH (1,1) models show high persistence of shocks in the conditional variance of both returns. The conditional volatility of stock market price log return was found to be stable and predictable while that of crude oil price log return was found to be unstable and unpredictable, although a dependable and dynamic relationship between crude oil prices and stock market prices was found to exist. The study provides some policy recommendations.

scholarly journals The impact of state guarantees on banks’ ratings and risk behaviour.

2014 ◽  
Vol 3 (1) ◽  
pp. 42-57 ◽  
Author(s):  
Jacob Kleinow ◽  
Andreas Horsch
Keyword(s):  
Risk Behaviour ◽  
Safety Net ◽  
Positive Influence ◽  
Market Prices ◽  
Risk Appetite ◽  
Governmental Support ◽  
Returns On Investment ◽  
The Impact ◽  
Bail Out ◽  
Additional Safety

State guarantees are supposed to have positive influence on banks’ ratings as they provide an additional safety net to depositors while lending the guarantor’s creditworthiness to the bank. Based hereupon, we research if and to what extent guarantees perceptibly affect market prices of securities issued by banks. Our results indicate that banks receive governmental rating subsidies of up to 7 notches depending on the region. Furthermore, literature suggests that guarantees and subsequent bailout expectations increase the risk appetite of banks enjoying this governmental support, as protected actors feel less incentivized to apply market discipline. Based hereupon, we consider the possibility of reversed causality: Is the probability of bailouts correlated to a bank’s risk taking? Analysing the drivers of governmental support for different types of banks, we find that governments are particularly willing to bail out (traditional commercial) banks with low returns on investment, or weak share performance, and a higher exposure to risk.

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