Empirical analysis of rural credit market failure has been of key scientific and political interest in recent years. The aim of this paper is to give an overview of various methods for measuring credit rationing of farms employed in the literature. Furthermore, based on a common analytical...

The successful expansion of the U.S. crop insurance program has not eliminated ad hoc disaster assistance. An alternative currently being explored by members of Congress and others in preparation of the 2007 farm bill is to simply remove the “ad hoc” part of disaster assistance programs by...

We analyze the impact of trade liberalization, removal of production subsidies, and elimination of consumption distortions in world sugar markets using a partial-equilibrium international sugar model calibrated on 2002 market data and current policies. The removal of trade distortions alone...

The objective of this dissertation is to investigate the patronage refunds decision in the Farm Credit System (FCS) lending associations, and simulate the capital structure change of a representative association dynamically. Patronage refunds distribution is a unique feature of financial...

The recent expansion of the sugar and ethanol industries has raised some concerns regarding a number of issues. One major concernis with the quality of employment, the level of remuneration, the presence of child labor, the low qualification of the workers,informality and the high presence of...

The national market for FLV (fruits, legumes and vegetables) has grown significantly in recent years. However, due to the high perishability of these products, their quality is subject to appropriate processes of standardization, selection, classification, packaging and transportation to avoid...

This paper uses a fundamental Q model of investment to consider the role playedby financing frictions in agricultural investment decisions, controlling econometrically forcensoring, heterogeneity and errors-in-variables. Our findings suggest that farmer's investment decisions are not driven by...

Replaced with revised version of paper Jan. 11, 2012

During the transition of the Vietnamese economy, adaptation of the financialsystem was one of the most challenging reforms. A major task of this reformwas to expand the financial system?s outreach to the newly emerging privatesector and household economies, especially in rural areas. Therefore,...

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