2004•AgEcon Search (University of Minnesota, USA)Open access

Machinery Investment in Illinois: A Study Examining Existing Investment Motivations

Eric T. Micheels, Ani L. Katchova, Peter J. Barry, Micheels, Eric T., Katchova, Ani L., Barry, Peter J.

Abstract

In this study, we attempt to prove some previously held ideas of machinery investment decisions using farm level data from Illinois. Investment decisions are analyzed taking into consideration past investment decisions in the county and on the individual farm. The results show there is a correlation between county level purchases and individual farm purchases and investment levels decrease the following year after an initial investment. These results display how non-traditional drivers for investment also play an important role in the investment decision.

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Key concepts: Investment (military), Open-ended investment company, Investment decisions, Business, Return on investment, Separately managed account, Investment strategy, Economics