PAYOFFS TO FARM MANAGEMENT: HOW IMPORTANT IS CROP MARKETING?

In production agriculture, good management is demonstrated by profits that are persistenly greater than those of similar neighboring farms. This research examined the effects of management practices on risk-adjusted profit per acre for Kansas farms over 1990-1999. The management practices were price, cost, yield, planting intensity, and technology adoption (less-tillage). Cost management, planting intensity, and technology adoption had the greatest effect on profit per acre, and cash price management was found to have the smallest impact. If producers wish to have continuously high profits, their efforts are best spent in management practices over which they have the most control.


Issue Date:
2002-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15507
Published in:
Journal of Agricultural and Applied Economics, Volume 34, Number 1
Page range:
193-204
Total Pages:
12




 Record created 2017-04-01, last modified 2017-04-04

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