FINANCIAL PERFORMANCE, RISK, AND SPECIALIZATION

Barry M. Purdy, Michael Langemeier and Allen Featherstone

Journal of Agricultural and Applied Economics, 1997, vol. 29, issue 01, 13

Abstract: A sample of Kansas farms was used to examine the impact of risk and specialization on mean financial performance. Mean financial performance was hypothesized to be influenced by risk, age of the operator, percentage of acres owned, financial efficiency, leverage, specialization, and farm size. Risk, age of operator, financial efficiency, and farm size had the largest impacts on mean financial performance. Specializing in swine, dairy, or crop production increased mean financial performance, while specializing in beef production decreased mean financial performance. Farms with both crops and a livestock enterprise (beef, swine, or dairy) tended to have less variability in financial performance.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (39)

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Journal Article: Financial Performance, Risk, and Specialization (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15535

DOI: 10.22004/ag.econ.15535

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