The W. I. Myers Professorship of Agricultural Finance

This paper reviews the establishment and funding of the W. I. Myers Professorship of Agricultural Finance and the activities and accomplishments of early chair holders. Because considerable time has passed since the formation of the Chair, this record will undoubtedly be incomplete in unknown ways. William I. Myers (1891-1976) was born and reared on a dairy and tobacco farm in Chemung County, New York. He received his Ph. D. from Cornell and was appointed to the faculty in 1918. In 1920 he was the first person ever appointed full professor of agricultural finance. In 1932, during the depth of the depression, Myers was asked by Henry Morgenthau to prepare recommendations for a legislative program to solve the agricultural finance problem. His ideas were approved by president-elect Roosevelt who asked him to come to Washington to assist with development of the Farm Credit Administration. In 1933, Myers was appointed Governor of the Farm Credit Administration, succeeding original Governor Henry Morgenthau, when Morgenthau was appointed Secretary of the Treasury. As Governor of FCA he was the principal architect and top administrator during the revitalization, reorganization and expansion of what beacame the Farm Credit System. In 1938, he returned to Cornell as head of the Department of Agricultural Economics, and he later served as Dean of the College of Agriculture from 1943 to 19592.Agricultural Finance, Teaching/Communication/Extension/Profession,

THE EFFECT OF INTERSTATE BANKING ON FARM LENDER MARKET SHARES IN NEW YORK STATE

Commercial bank loans to New York farmers are significantly overestimated in the reported USDA statistics due to out-of-state lending and reporting of some agribusiness loans as agricultural loans by New York State banks. Correcting for this distortion lowers the 1978-84 average New York agricultural credit market share held by banks from 36 to 24 percent. As deregulation allows more interstate banking activity, the overestimate of agricultural loan volume in states with money center banks and the corresponding underestimate of loan levels and market shares in nonmoney center states could cause increased distortion of state level farm debt statistics.Agricultural Finance,

APPLICATION OF RECURSIVE PARTITIONING TO AGRICULTURAL CREDIT SCORING

Recursive Partitioning Algorithm (RPA) is introduced as a technique for credit scoring analysis, which allows direct incorporation of misclassification costs. This study corroborates nonagricultural credit studies, which indicate that RPA outperforms logistic regression based on within-sample observations. However, validation based on more appropriate out-of-sample observations indicates that logistic regression is superior under some conditions. Incorporation of misclassification costs can influence the creditworthiness decision.finance, credit scoring, misclassification, recursive partitioning algorithm, Agricultural Finance,

VARIABLE INTEREST RATES AND THE FINANCIAL PERFORMANCE OF DAIRY FARM BUSINESSES

Resource /Energy Economics and Policy,

Partnerships and collaborations in higher education

https://scholarworks.wm.edu/educationbookchapters/1037/thumbnail.jp

Editor’s notes

A ground swell of activism on campus is underway to recognize a wider understandings of gender, to support long time marginalized populations, and to open up leadership pipelines that result in a reflection of the populations community colleges servewhich include women, minorities, and diverse stakeholders. This issue expands on the research regarding the stubborn persistence of the glass ceiling and thinking about constructions of gender, inclusivity, and strategies to advance equity for all. Tackling new and extended conceptions of gender to include issues facing the LGBTQ community; it: highlights the intersections of race and gender, addresses how gender performance continues to influence the experiences of men and women in the 2-year college sector, presents strategies for supporting women leaders updates readers on the Clery Act on campus, and includes strategies for inclusivity. This is the 179th volume of this Jossey-Bass quarterly report series. Essential to the professional libraries of presidents, vice presidents, deans, and other leaders in today\u27s open-door institutions, New Directions for Community Colleges provides expert guidance in meeting the challenges of their distinctive and expanding educational mission.https://scholarworks.wm.edu/educationbookchapters/1029/thumbnail.jp

Current insights

The Current Insights feature is designed to introduce life science educators and researchers to current articles of interest in other social science and education journals. In this installment, I highlight three recent studies from the fields of psychology and higher education that can inform practices in the life sciences. The first is a synthesis paper that builds a unifying framework for the diverse activities that fall under the umbrella term “active learning.” This paper emphasizes a novel aspect of the active-learning classroom: student agency. The second paper employs an underutilized framework in biology education research, quantitative critical theory, to explore why faculty–student interactions may not be universally beneficial. The third paper explores how valuing relationships can keep first-generation college students from reaching out for help when they need it. Together, these last two papers help researchers understand the perceived costs and benefits of seeking help from faculty

New faculty issues—Fitting in and figuring it out

The first chapter in this volume presents an overview of the faculty personnel challenges facing community colleges; the next three discuss the socialization and professional development of new faculty. Authors stress the importance of understanding differences among the typs of community colleges and the importance of gender and racial/thnic diversity among the facultry of the institutions who educate the majority of undergraduate females and students of color. The volume concludes with chapters on legal aspects related to the faculty employment and the experiences of presidents and senior instructional administrators, giving valuable guidance to those actively involved in the hiring process. At the heart of this volume is the continued commitment to the community college ideal of providing educational access and, through quality instruction, facilitating student learning and success. Previous research indicated that community college faculty retire at or near the traditional age of sixty-five. With an aging faculty, enrollments that are reaching unprecedented levels, and the federal goverment calling for the community college to take an even greater role in workforce training, community colleges will need to both replace significant portions of their faculty and hire additional faculty lines between now and 2020. This next hiring wave has implications for community colleges, the diverse student populations who attend these institutions, and society in general. This is the 152nd volume of the Jossey-Bass quarterly report series New Directions for Community Colleges. Essential to the professional libraries of presidents, vice presidents, deans, and other leaders in today\u27s open-door institutions, New Directions for Community Colleges provides expert guidance in meeting the challenges of their distinctive and expanding educational mission.https://scholarworks.wm.edu/educationbookchapters/1039/thumbnail.jp