PR - PROFITABILITY MIGRATION IN MINNESOTA FARMS

Curtis Mahnken and Dale Nordquist

No 345777, 21st Congress, Edinburgh, Scotland, July 2-7, 2017 from International Farm Management Association

Abstract: Producers who benchmark are seeking growth and improvement for their farms, but how can they achieve it? What are the top producers doing differently, and are they doing it consistently? Can information be gleaned from financial statement data to help producers narrow their focus and make their farm businesses stronger? This paper uses data from the FINBIN farm financial database to analyze how often a farm migrates between profitability efficiency groups to establish a set of consistently top farms. Consistently top farms are found to be much more efficient in overhead expenses such as fuel, repairs, and interest payments. Top farms had less debt and had more working capital as a percentage of gross revenue.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Pages: 17
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/345777/files/17_PR_MahnkenNordquist_m1_2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ifma17:345777

DOI: 10.22004/ag.econ.345777

Access Statistics for this paper

More papers in 21st Congress, Edinburgh, Scotland, July 2-7, 2017 from International Farm Management Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().