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Approaches To Management And Farm Business Success

Author

Listed:
  • McBride, William D.
  • Johnson, James D.
Abstract
Exploratory factor analysis was used to analyze responses to management questions asked a sample of U.S. cash grain farmers. Results indicate that 3 factors described farm management approaches, price negotiation, long-term cost control, and input adjustment. Price negotiation was positively associated with farm business success, but the input adjustment approach had a negative impact on farm performance.

Suggested Citation

  • McBride, William D. & Johnson, James D., 2004. "Approaches To Management And Farm Business Success," 2004 Annual meeting, August 1-4, Denver, CO 20131, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:20131
    DOI: 10.22004/ag.econ.20131
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    File URL: https://ageconsearch.umn.edu/record/20131/files/sp04mc02.pdf
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    References listed on IDEAS

    as
    1. Purdy, Barry M. & Langemeier, Michael R. & Featherstone, Allen M., 1997. "Financial Performance, Risk, And Specialization," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 29(1), pages 1-13, July.
    2. Mishra, Ashok K. & El-Osta, Hisham S. & Johnson, James D., 1999. "Factors Contributing To Earnings Success Of Cash Grain Farms," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 31(3), pages 1-15, December.
    3. repec:ags:joaaec:v:34:y:2002:i:1:p:175-191 is not listed on IDEAS
    4. Johnson, James D. & El-Osta, Hisham S., 1998. "Determinants of Financial Performance of Commercial Dairy Farms," Technical Bulletins 33561, United States Department of Agriculture, Economic Research Service.
    5. Haden, Kimberly L. & Johnson, Larry A., 1989. "Factors Which Contribute To The Financial Performance Of Selected Tennessee Dairies," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(1), pages 1-8, July.
    6. Scott, John T., Jr., 1976. "Combining Regression And Factor Analysis For Use In Agricultural Economics Research," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 8(2), pages 1-5, December.
    7. repec:ags:joaaec:v:29:y:1997:i:1:p:149-61 is not listed on IDEAS
    8. McBride, William D. & El-Osta, Hisham S., 2002. "Impacts Of The Adoption Of Genetically Engineered Crops On Farm Financial Performance," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 34(1), pages 1-17, April.
    9. Ford, Stephen A. & Shonkwiler, J. S., 1994. "The Effect of Managerial Ability on Farm Financial Success," Agricultural and Resource Economics Review, Cambridge University Press, vol. 23(2), pages 150-157, October.
    10. Scott, John T., 1976. "Combining Regression and Factor Analysis for Use in Agricultural Economics Research," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 8(2), pages 145-149, December.
    11. Haden, Kimberly L. & Johnson, Larry A., 1989. "Factors Which Contribute to the Financial Performance of Selected Tennessee Dairies," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(1), pages 105-112, July.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Sanjay J. Bhayani & Butalal Ajmera, 2011. "A Study on Performance Evaluation of Dinesh Mills Ltd," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 2(6), pages 114-123, September.
    2. Daberkow, Stan G. & McBride, William D., 2004. "Corn Producers´ Response To The 2001 Nitrogen Fertilizer Price Increase," 2004 Annual meeting, August 1-4, Denver, CO 20271, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Roesch, Andreas, 2012. "Factors affecting the situation of economically weak farms in Switzerland," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 13(1), pages 1-16.
    4. Good, Darrel L. & Irwin, Scott H. & Martines-Filho, Joao Gomes & Hagedorn, Lewis A., 2005. "The Pricing Performance of Market Advisory Services in Corn and Soybeans over 1995-2003," AgMAS Project Research Reports 14775, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics.

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    Keywords

    Farm Management;

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