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Farmer demand for financial record-keeping system attributes

Author

Listed:
  • Christopher A. Wolf
  • Frank Lupi
  • Stephen Harsh

Abstract

Purpose - The purpose of this paper is to determine which financial record-keeping system farmers use, as well as what system attributes farmers value and to what degree. Design/methodology/approach - This research uses a choice experiment to examine farmer's demand for attributes of financial record-keeping systems. A sample from the general Michigan farm population is compared to samples from university and agribusiness record system clients. Findings - Results reveal that university and agribusiness clients are willing to pay considerably more for a farm-specific record system to backstop their farm management decisions. Practical implications - The results provide an understanding of farmer demands for farm financial record systems and can be used to position record-keeping systems to meet those demands. Originality/value - This paper describes and analyzes farm financial accounting system use and preferences by type.

Suggested Citation

  • Christopher A. Wolf & Frank Lupi & Stephen Harsh, 2011. "Farmer demand for financial record-keeping system attributes," Agricultural Finance Review, Emerald Group Publishing, vol. 71(2), pages 259-276, August.
  • Handle: RePEc:eme:afrpps:v:71:y:2011:i:2:p:259-276
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    References listed on IDEAS

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