文章基本信息

标题：Changes in Debt Patterns and Financial Structure of Farm Businesses: A Double Hurdle Approach
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作者：Harris, James Michael ; Dillard, John ; Erickson, Kenneth W. 等
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2009
出版社：Journal of Agribusiness
摘要：This paper uses a double hurdle model to help explain one aspect of the changing capital structure of U.S. production agriculture--the increase in the number of debt free farms. Our findings suggest that nonfinancial factors, such as operator age, region, risk aversion, and financial factors such as debt service ability and the cost of capital play significant roles in distinguishing borrowers from non borrowers.
关键词：farm debt;farm credit;double-hurdle model;farm businesses