Financial Management Practices and Farm Profitability

Brent A. Gloy and Eddy L. LaDue

No 132369, 2002 Regional Committee NC-221, October 7-8, 2002, Denver, Colorado from Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition

Abstract: The relationship between the adoption of several basic farm financial management practices and financial performance is examined for 137 New York dairy farms. Data were gathered from farm business summary participants to understand the capital acquisition practices, business analysis techniques, and capital investment decision making processes used by these farms. The paper provides estimates regarding the adoption of various financial management practices. The results suggest that the adoption of financial management practices such as using investment analysis techniques significantly impact farm financial performance.

Keywords: Agricultural Finance; Farm Management (search for similar items in EconPapers)
Pages: 20
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nc2002:132369

DOI: 10.22004/ag.econ.132369

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