The Impact Of Specialization On Farm Financial Performance
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Author | : Whitney Bowman |
Publisher | : |
Total Pages | : |
Release | : 2019 |
Genre | : |
ISBN | : |
Download The Impact of Specialization on Farm Financial Performance Book in PDF, Epub and Kindle
The impact of specialization on farm financial performance depends on the magnitude of economies of size and scope, as well as manager productivity, commodity pricing performance, and producer risk preference. The objective of this study was to investigate the impact of risk and specialization on farm financial performance, specifically on the mean and variance of return on equity. A balanced panel of 459 Kansas farms was created from Kansas Farm Management Association member farms from 2009 through 2018. Four measures of specialization were used in the model: Herfindahl index; crop-livestock and crop-custom work interaction terms; percentage of income from grains and percentage of income from cash crops; and percentage of income from livestock. The impact of specialization and risk on mean financial performance and the impact of specialization on risk were estimated using three-stage least squares regression and two-stage least squares regressions. Variable means and regression coefficients from the three-stage least squares regression were used to calculate financial performance elasticities. Results show specialization is associated with increased mean financial performance and variance in financial performance. Diversifying into both crop and livestock production is associated with decreased mean farm financial performance. Liquidity and financial efficiency were associated with relatively large impacts on mean financial performance, suggesting that effective cost management is associated with higher mean financial performance. Operator age, solvency, and specializing into production of cash crops such as soybeans and cotton were associated with increased variance in financial performance. These findings have implications for farms to better allocate resources to improve returns and manage risk, and for the use of Extension resources in working with farms of different enterprises.
Author | : Carolyn Marie Braun |
Publisher | : |
Total Pages | : 125 |
Release | : 2014 |
Genre | : Electronic dissertations |
ISBN | : 9781321114423 |
Download Benchmarking Farm Financial Performance Book in PDF, Epub and Kindle
Author | : J. D. Johnson |
Publisher | : |
Total Pages | : 0 |
Release | : 1987 |
Genre | : Farms |
ISBN | : |
Download Measurement of Farm Financial Performance Book in PDF, Epub and Kindle
Author | : James Johnson |
Publisher | : |
Total Pages | : 42 |
Release | : 1987 |
Genre | : |
ISBN | : |
Download Measurement of Farm Financial Performance Book in PDF, Epub and Kindle
Author | : John Eric Sjaastad |
Publisher | : |
Total Pages | : 322 |
Release | : 1997 |
Genre | : |
ISBN | : |
Download A Theoretical and Empirical Investigation of Farm Level Specialization Book in PDF, Epub and Kindle
Author | : Dean W. Hughes |
Publisher | : CRC Press |
Total Pages | : 270 |
Release | : 2019-03-04 |
Genre | : Science |
ISBN | : 0429689179 |
Download Financing The Agricultural Sector Book in PDF, Epub and Kindle
Farm credit and tax policies have become increasingly important areas of concern for policymakers and agriculturists. Rising levels of debt use among the nation's commercial producers, rising interest rates, and an increased dependence on international commodity markets have contributed to greater income volatility at the farm level, making financi
Author | : David Kahan |
Publisher | : Farm Management Extension Guid |
Total Pages | : 0 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 9789251075517 |
Download The Role of the Farm Management Specialist in Extension Book in PDF, Epub and Kindle
Farm management extension is concerned with the development of management strategies and skills among farmers for improved decision-making in the use of resources and linking farmers to markets. With the increasing market-orientation of farming, the decisions taken by farmers are more complex; for farms to compete they must be run as a business. This creates a demand for specialized extension support. To be successful farmers need the skills to produce what the market wants and what satisfies consumers. The growing importance of specialization in farm management is to support farmers in this work.
Author | : Donald Clare Horton |
Publisher | : |
Total Pages | : 216 |
Release | : 1957 |
Genre | : Business & Economics |
ISBN | : |
Download Patterns of Farm Financial Structure Book in PDF, Epub and Kindle
Author | : |
Publisher | : |
Total Pages | : 388 |
Release | : 1987 |
Genre | : Dairy products industry |
ISBN | : |
Download Situation and Outlook Report Book in PDF, Epub and Kindle
Author | : James M. Schuler |
Publisher | : |
Total Pages | : 588 |
Release | : 1986 |
Genre | : Agriculture |
ISBN | : |
Download Alternatives to Improve the Financial Performance of Three Highly Leveraged Farms Book in PDF, Epub and Kindle