Advanced Search
MyIDEAS: Login to save this article or follow this journal

A business performance index model that measures wealth change in Australian farm businesses

Contents:

Author Info

  • Sefton, Clive A.
  • Cox, Rodney J.
Registered author(s):

    Abstract

    This paper presents an evaluation of a farm-business assessment model that uses financial performance measures and tracks ‘wealth change’ to evaluate performance trends over time, and ranks the relative business performance of commercial participants. Its core component involves the use of comparative analysis, which is structured as an introductory rapid-assessment model, together with a ranking system that has been designed to differentiate the relative performance levels of farm businesses. The system has been labelled as the Business Performance Index (BPI) model to reflect its performance-ranking role that explores the relationships, if any, between farmer attitudes and business performance. The BPI model is discussed within the context of the debate as to the role and shortcomings of comparative analysis and benchmarking methods. The data collection method and the analysis have been field tested across 200 farm families throughout Victoria and New South Wales. During the interviews, data were collected from financial statements, supporting documents and farmer comments. The model’s results have been statistically compared to results obtained from two other ‘aggregate score’ methods of assessing business performance.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://purl.umn.edu/123165
    Download Restriction: no

    Bibliographic Info

    Article provided by Australasian Farm Business Management Network in its journal AFBM Journal.

    Volume (Year): 02 (2005)
    Issue (Month): 2 ()
    Pages:

    as in new window
    Handle: RePEc:ags:afbmau:123165

    Contact details of provider:
    Web page: http://www.csu.edu.au/faculty/science/saws/afbm
    More information through EDIRC

    Related research

    Keywords: wealth change; performance evaluation; business performance; farm modelling; Farm Management;

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Ferris, Alexandria & Malcolm, Bill, 1999. "Sense and Nonsense in Dairy Farm Management Economic Analysis," 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand 123803, Australian Agricultural and Resource Economics Society.
    2. Ronan, Glenn & Cleary, Gordon, 2000. "Best Practice Benchmarking in Australian Agriculture: Issues and Challenges," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123728, Australian Agricultural and Resource Economics Society.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ags:afbmau:123165. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.