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Western Journal of Agricultural Economics >
Volume 13, Number 02, December 1988 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/32105
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| Title: | MACHINERY INVESTMENT DECISIONS: A SIMULATED ANALYSIS FOR CASH GRAIN FARMS |
| Authors: | Gustafson, Cole R.
Barry, Peter J.
Sonka, Steven T. |
| Issue Date: | 1988-12 |
| Abstract: | A combination of experimental and simulation procedures identify important factors in an Illinois cash grain farmers machinery investment decisions. In an experiment setting, a panel of farmers based investment decisions on their own expectations, farm situations, and varying policy scenarios. In general, the results show investment levels statistically related to the tenure and leverage of operators, the economic conditions they faced, and the age of existing machinery. Alternative public policies of lower commodity price supports, tax reform, and interest rate subsidies influenced the timing of purchases but did not alter total investment amounts. |
| URI: | http://purl.umn.edu/32105 |
| Institution/Association: | Western Journal of Agricultural Economics>Volume 13, Number 02, December 1988 |
| Total Pages: | 10 |
| Language: | English |
| From Page: | 244 |
| To Page: | 253 |
| Collections: | Volume 13, Number 02, December 1988
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