000252829 001__ 252829
000252829 005__ 20180123005719.0
000252829 037__ $$a1377-2016-109859
000252829 041__ $$aen_US
000252829 245__ $$aAbility to Pay and Agriculture Sector Stability
000252829 260__ $$c2017
000252829 269__ $$a2017
000252829 270__ $$memhardin210@gmail.com$$pHardin,   Erin M.
000252829 270__ $$mjpenson@tamu.edu$$pPenson,   John B.
000252829 336__ $$aConference Paper/ Presentation
000252829 520__ $$aThe recent reduction in commodity prices and farmland values following the substantial growth in the agriculture sector has called into question the risk profile of agricultural enterprises.  Following the boom witnessed in the 1970’s, the sector witnessed a contraction in prices, demand for goods, and asset values that led many farm enterprises and commercial, agricultural banks to bankruptcy.   Many factors of the current evolution of the sector have proven different than those of previous sector cycles yet understanding the reoccurring timeline of events and considering possible causal relationships between major drivers of stability prove pertinent to the continued operation of the most vulnerable farm operations and agricultural lenders.
Substantial debt accumulation and repayment capacity have been a precursor and likely catalyst of the previous so called “busts” of farm sector cycles.  The analysis performed will address drivers of debt accumulation and the ability of the agriculture sector to service debt.  Specifically, the leverage ratio, debt relative to assets, and the debt-burden ratio, debt relative to income, are analyzed. These ratios signal vulnerability to changes in performance of a sector or a specific enterprise’s ability to endure a downturn in the market.
000252829 542__ $$fLicense granted by Erin M Hardin (emhardin210@gmail.com) on 2017-01-19T03:26:31Z (GMT):

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000252829 650__ $$aAgribusiness
000252829 650__ $$aAgricultural Finance
000252829 650__ $$aFinancial Economics
000252829 650__ $$aLand Economics/Use
000252829 650__ $$aRisk and Uncertainty
000252829 6531_ $$aLand values
000252829 6531_ $$afinance
000252829 6531_ $$arisk
000252829 6531_ $$acredit risk
000252829 6531_ $$aliquidity measures
000252829 700__ $$aHardin, Erin M.
000252829 700__ $$aPenson, John B.
000252829 773__ $$d2017
000252829 8564_ $$s160048$$uhttp://ageconsearch.umn.edu/record/252829/files/Ability%20to%20Pay%20and%20Agriculture%20Sector%20Stability_SAEA_submissionR.pdf
000252829 887__ $$ahttp://purl.umn.edu/252829
000252829 909CO $$ooai:ageconsearch.umn.edu:252829$$pGLOBAL_SET
000252829 912__ $$nSubmitted by Erin M Hardin (emhardin210@gmail.com) on 2017-01-19T03:53:13Z
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  Previous issue date: 2017
000252829 982__ $$gSouthern Agricultural Economics Association>2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama
000252829 980__ $$a1377