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Title:The effects of financial structure on the profitability of Illinois agriculture
Author(s):Kern, Mackenzie A.
Advisor(s):Schnitkey, Gary D.
Department / Program:Agr & Consumer Economics
Discipline:Agr & Consumer Economics
Degree Granting Institution:University of Illinois at Urbana-Champaign
Degree:M.S.
Genre:Thesis
Subject(s):Agricultural Finance
Farm Profitability
Farm Return
Farm Tenure
Return to Assets
Net Farm Income
Net Farm Income per Acre
Farm Size
Abstract:Using data from the Illinois Farm Business Farm Management, this study analyzes how financial structure impacts the profitability of grain and livestock farms in Illinois from 1996 to 2009. Various datasets were assembled to sort farms into pure grain farms, and then sub-sample datasets for the periods 1998-2000, 2002-2004, and 2007-2009. After filtering the data with certain criteria, three models were constructed to measure three types of profitability for pure grain farms. These models show there is statistical evidence to suggest that the debt-to-asset ratio, farm size, land tenure, and equipment costs have an impact on explaining the profitability levels of production agricultural entities. The three models are then used to contrast the statistical significance of the specific variables, which are used to derive the profitability measures.
Issue Date:2011-05-25
URI:http://hdl.handle.net/2142/24079
Rights Information:Copyright 2011 Mackenzie A. Kern
Date Available in IDEALS:2011-05-25
Date Deposited:2011-05


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