Farmer demand for financial record‐keeping system attributes

Christopher Wolf (), Frank Lupi and Stephen Harsh

Agricultural Finance Review, 2011, vol. 71, issue 2, 259-276

Abstract: Purpose - The purpose of this paper is to determine which financial record‐keeping system farmers use, as well as what system attributes farmers value and to what degree. Design/methodology/approach - This research uses a choice experiment to examine farmer's demand for attributes of financial record‐keeping systems. A sample from the general Michigan farm population is compared to samples from university and agribusiness record system clients. Findings - Results reveal that university and agribusiness clients are willing to pay considerably more for a farm‐specific record system to backstop their farm management decisions. Practical implications - The results provide an understanding of farmer demands for farm financial record systems and can be used to position record‐keeping systems to meet those demands. Originality/value - This paper describes and analyzes farm financial accounting system use and preferences by type.

Keywords: Accounting systems; Financial management; United States of America; Farms; Consumer behaviour; Records management (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:afrpps:v:71:y:2011:i:2:p:259-276

DOI: 10.1108/00021461111152609

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