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3 credits
Fall 2026 LectureAdvanced capital budgeting topics including: tax policy, inflation, optimal replacement, bid models, and inclusion of financing flows; application of expected utility theory and mathematical programming to optimal capital structure decisions of proprietors; farmland investment, pricing, and dynamics; pricing contingent claims.
Learning Outcomes1Develop research questions in agricultural finance.
2Summarize the state of the literature on a topic of your interest.
3Provide situation and outlook analysis of the current state of the agricultural economy.
4Review manuscripts in agricultural finance critically, consistent with the expectations of core agricultural economics journals.