CREDIT SCORING, LOAN PRICING, AND FARM BUSINESS PERFORMANCE

In light of recent developments in agricultural credit evaluations, this study employs a multiperiod simulation model that endogenizes farm investment decisions, credit evaluations, and loan pricing based on the credit scoring procedures of agricultural lender. Model results show that credit-scored pricing yields time patterns of performance, credits classifications, and interest rates that parallel the firmÂ’s investment, financing, and debt servicing activities. Moreover, the lenderÂ’s price responses dampen growth incentives as credit worthiness diminished, stimulate growth as credit improves, and lead to similar capital structures over time.Agricultural Finance,

Young Sceptics: The Role of Youth Voters in Increasing Euroscepticism

“Eurosceptic” or anti-European Union (EU) political parties are notably gaining traction in EU elections across the political bloc. The continued importance of the Eurosceptic phenomenon was most recently evidenced in the pan-EU elections of May 2014, when parties like the UK Independence Party and France’s Front National gained scores of seats – and, therefore, influence – in the European Parliament (EP). This trend is disturbing to pro-EU politicians and Europhiles alike. Based on my review of existing literature, however, there is a notable lack of research into the role of youth voters in electing these political parties. In this paper, I draw on extensive EP post-election survey data to analyze trends among young voters – aged 18-24 – in eight EU member states between 1994 and 2014. I then compare unemployment statistics for people under age 25 in the four fiscal quarters prior to and including each election to the observed voting trends in the eight states in an attempt to explain the potential rise in popularity of Eurosceptic parties among young voters. Given the stagnant European recovery from the 2009 global financial crisis, coming-of-age voters may take a more anti-establishment approach to future European elections in order to voice their discontent with EU policies at the ballot box. Recognizing these trends is important for European political scholars and policymakers that would like to see the role of Eurosceptic parties diminished

A MICROCOMPUTER ANALYSIS OF FARM FINANCIAL PERFORMANCE

This article describes the properties of the Farm Financial Simulation Model (FFSM). FFSM is a tool for analyzing the financial consequences of various managerial strategies and policy options that may be implemented in responding to farm financial stress. Various farm types from different geographical regions having differing enterprises, financial structures, tenure arrangements, and consumption patterns can be analyzed. The emphasis of FFSM is placed on modeling a farm's profitability, liquidity, solvency, and financial position and the model produces a coordinated set of financial statements and an extensive set of financial ratios over a four-year period.Farm Management,

Legal Research: Techniques and Ideas

This paper was prepared for the conference of New Zealand University Law Teachers held at Massey University in November 1977. Though the authors here make no special claims originality or great insight, the many ideas developed, particularly when taken together with Professor Campbell's trenchant piece on legal writing and John Thomas' more recent article on legal education (both reprinted in this volume), which stresses the relationship between teaching and research, will be of value to the increasing numbers of lawyers engaged in research

Automatic replenishment: the relationship between resource commitment and program performance

Some firms have adopted a new approach to order fulfillment, i.e., automatic inventory replenishment. With automatic replenishment programs (ARPs), sellers replenish or restock inventory based upon actual product usage and stock level information provided by buyers. This paper reports on a recent survey of logistics professionals regarding .ARP involvement. In addition to providing a profile of current usage, the research also examines the relationship between investment in automatic replenishment related resources and .ARP performance. Firms making a greater commitment to ARP (in terms of resource allocation) reported enhanced day-to-day operational performance and greater success in the overall performance of the trading relationship

Role of aminotransferases in glutamate metabolism of human erythrocytes

Human erythrocytes require a continual supply of glutamate to support glutathione synthesis, but are unable to transport this amino acid across their cell membrane. Consequently, erythrocytes rely on de novo glutamate biosynthesis from α-ketoglutarate and glutamine to maintain intracellular levels of glutamate. Erythrocytic glutamate biosynthesis is catalyzed by three enzymes, alanine aminotransferase (ALT), aspartate aminotransferase (AST), and glutamine aminohydrolase (GA). Although the presence of these enzymes in RBCs has been well documented, the relative contributions of each pathway have not been established. Understanding the relative contributions of each biosynthetic pathway is critical for designing effective therapies for sickle cell disease, hemolytic anemia, pulmonary hypertension, and other glutathione-related disorders. In this study, we use multidimensional 1H–13C nuclear magnetic resonance (NMR) spectroscopy and multiple reaction mode mass spectrometry (MRM-MS) to measure the kinetics of de novo glutamate biosynthesis via AST, ALT, and GA in intact cells and RBC lysates. We show that up to 89% of the erythrocyte glutamate pool can be derived from ALT and that ALT-derived glutamate is subsequently used for glutathione synthesis

Developing a tradition of scholarship : the emergence and evolution of the AHRD-sponsored journals

The Problem Research and theory are the lifeblood of academic disciplines along with the peer-reviewed journals that disseminate such scholarship. Journals become critical repositories that capture the histories and evolution of such disciplines, and their scholarly contributions generate new knowledge that can stimulate further research and improve practice. The Academy of Human Resource Development (AHRD) sponsors four peer-reviewed journals that have contributed to the birth and evolution of the discipline of human resource development (HRD). Yet, little is known about how they came into being, how they have evolved, and what their impact has been within the field of HRD. The Solution This article captures the histories of the emergence and evolution of the four refereed journals sponsored by the AHRD through the unique voices of current and recent past editors of these journals. It then considers common themes of scholarship across the four journals that have helped to shape HRD. The Stakeholders Students, researchers, and scholar-practitioners in the field of HRD and related fields who are interested in learning more about the histories of the journals sponsored by the AHRD, along with their contributions to the scholarship in HRD, will benefit from reading this article

Generalized (m,k)-Zipf law for fractional Brownian motion-like time series with or without effect of an additional linear trend

We have translated fractional Brownian motion (FBM) signals into a text based on two ''letters'', as if the signal fluctuations correspond to a constant stepsize random walk. We have applied the Zipf method to extract the $\zeta '$ exponent relating the word frequency and its rank on a log-log plot. We have studied the variation of the Zipf exponent(s) giving the relationship between the frequency of occurrence of words of length $m<8$ made of such two letters: $\zeta '$ is varying as a power law in terms of $m$. We have also searched how the $\zeta '$ exponent of the Zipf law is influenced by a linear trend and the resulting effect of its slope. We can distinguish finite size effects, and results depending whether the starting FBM is persistent or not, i.e. depending on the FBM Hurst exponent $H$. It seems then numerically proven that the Zipf exponent of a persistent signal is more influenced by the trend than that of an antipersistent signal. It appears that the conjectured law $\zeta ' = |2H-1|$ only holds near $H=0.5$. We have also introduced considerations based on the notion of a {\it time dependent Zipf law} along the signal.Comment: 24 pages, 12 figures; to appear in Int. J. Modern Phys