Defining and Characterizing Approaches to Farm Management
Exploratory factor analysis was used to identify approaches to farm management based on a list of management questions posed to a sample of U.S. cash-grain farmers. Three approaches were identified by the factor analysis: price negotiation, long-term cost control, and input adjustment. Estimated fac...
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| Veröffentlicht in: | Journal of agricultural and applied economics 2006-04, Vol.38 (1), p.155-167 |
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| container_end_page | 167 |
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| container_title | Journal of agricultural and applied economics |
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| creator | McBride, William D. Johnson, James D. |
| description | Exploratory factor analysis was used to identify approaches to farm management based on a list of management questions posed to a sample of U.S. cash-grain farmers. Three approaches were identified by the factor analysis: price negotiation, long-term cost control, and input adjustment. Estimated factor scores regressed against farm and operator characteristics indicate a profile of producers using each approach that is closely related to stage-of-life of the farm operator and farm business. In addition to operator age and planning horizon, operator risk preference and farm organization and location were other important determinants of the approach to management. |
| doi_str_mv | 10.1017/S1074070800022136 |
| format | Article |
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Agric. Appl. Econ</addtitle><date>2006-04-01</date><risdate>2006</risdate><volume>38</volume><issue>1</issue><spage>155</spage><epage>167</epage><pages>155-167</pages><issn>1074-0708</issn><eissn>2056-7405</eissn><eissn>1074-0708</eissn><abstract>Exploratory factor analysis was used to identify approaches to farm management based on a list of management questions posed to a sample of U.S. cash-grain farmers. Three approaches were identified by the factor analysis: price negotiation, long-term cost control, and input adjustment. Estimated factor scores regressed against farm and operator characteristics indicate a profile of producers using each approach that is closely related to stage-of-life of the farm operator and farm business. In addition to operator age and planning horizon, operator risk preference and farm organization and location were other important determinants of the approach to management.</abstract><cop>New York, USA</cop><pub>Cambridge University Press</pub><doi>10.1017/S1074070800022136</doi><tpages>13</tpages><oa>free_for_read</oa></addata></record> |
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| source | AgEcon; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals |
| subjects | Agriculture C40 cash crops cash-grain farms D21 Dairy farms Discriminant analysis econometric models Efficiency Eigenvalues factor analysis Farm management Farmers farmers' attitudes grain crops latent variables management approach Q10 Q12 questionnaires statistical analysis Strategic planning Success Technology adoption Variables |
| title | Defining and Characterizing Approaches to Farm Management |
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