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,

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,

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,

Safety and Operational Characteristics of Lane Widths on Urban and Rural Roadways A Simulator Study

The primary goal for this study was to further evaluate and assess the effect of lane width on the safety and operation of roadways in South Carolina. Due to various site conditions that affect the safety and operations of roadways, highway design engineers often face many challenges when developing appropriate road design standards. To investigate specific site conditions for the South Carolina Department of Transportation (SCDOT) a research study took place. In 2011, Part 1 of this research included field studies conducted by Kevin Baumann and Trey Jordan. Due to the various limitations of the field studies it was evident that additional research needed to take place. This study (Part 2) uses a driving simulator study to examine three different lane and shoulder width combinations on a rural curvy two-lane highway to determine the effects on lateral position. These roadways were composed of various curves and straight sections with a speed limit of 50 miles per hour. The study also examined how three different two-way left turn lane (TWLTL) widths affected gap acceptance and maneuverability within the lane for a three lane highway with a center lane (3T) and a five lane highway with a center lane (5T). Below is a list of all the conditions that were tested

VARIABLE INTEREST RATES AND THE FINANCIAL PERFORMANCE OF DAIRY FARM BUSINESSES

Resource /Energy Economics and Policy,

Financial Statements, 2006

https://irl.umsl.edu/cab/1183/thumbnail.jp

Report to the Board of Aldermen, 2006

https://irl.umsl.edu/cab/1182/thumbnail.jp

Financial Statements, 2005

https://irl.umsl.edu/cab/1165/thumbnail.jp