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  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Modeling agribusiness profitability in response to dynamic macroeconomic policies
  name:
    name part: Neibergs, Joseph Shannon
    name part: 1960-
    role:
      role term: creator
  name:
    name part: McGrann, James M.
    role:
      role term: degree supervisor.
  name:
    name part: Capps, Oral
    role:
      role term: degree committee member.
  name:
    name part: Fraser, Donald R.
    role:
      role term: degree committee member.
  name:
    name part: Penson, John B.
    role:
      role term: degree committee member.
  name:
    name part: Texas A & M University
    role:
      role term: degree granting institution.
  type of resource: text
  genre: bibliography
  genre: Academic theses
  origin info:
    place:
      place term: xx
    date issued: 1993
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: xii, 154 leaves : illustrations ; 28 cm
  abstract: In recent years there has been an increasing awareness of the importance of the effects macroeconomic policies have on the economic performance of the agriculture sector. Agribusinesses are influenced by current and expected conditions in the economy. An understanding of how the economy impacts agribusinesses will help management teams formulate proactive strategies to deal with fluctuating macroeconomic conditions. A partial adjustment model using pooled data is developed to quantify the linkages between macroeconomic conditions and agribusiness profitability. Thirty-seven agribusinesses organized into five groups are included in the study. The model's parameters were estimated using Seemingly Unrelated Regression adjusted for unequal number of observations across the cross sections. Empirical results from the profitability response models strongly indicate that macroeconomic conditions impact firm profitability. The agribusinesses are clearly divided in their response to macroeconomic conditions based on the market segments in which they operate. Capital intensive agribusinesses involved with manufacturing machinery and equipment and lumber and wood products are more susceptible to macroeconomic conditions in comparison to agribusinesses involved with manufacturing and processing food products. The food processors profitability is substantially higher and has the lowest variation in comparison to the other agribusiness groups. This can be primarily attributed to the overall inelastic demand for food products over time. Demand for food products does not respond to macroeconomic cycles. In comparison, demand for new machinery and lumber products for construction projects is very sensitive to macroeconomic conditions. The results indicate that monetary policies that affect interest rates and fiscal policies that affect taxes will, in turn, affect agribusiness profitability. Firms with a high debt level are more susceptible to interest rate fluctuations. This indicate…
  note: Vita.
  note: "Major subject: Agricultural Economics."
  note: Includes bibliographical references.
  note: Ph. D. Texas A & M University 1993
  subject:
    topic: Macroeconomics
  subject:
    topic: Agricultural industries
    topic: Finance
  subject:
    topic: Major agricultural economics
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  identifier: http://proxy.library.tamu.edu/login
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  record info:
    record content source: TXA
    record creation date: 950628
    record change date: 20200904152717.0
    record identifier: in00001235616
    language of cataloging:
      language term: eng