Farmer demand for financial record-keeping system attributes
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.
Volume (Year): 71 (2011)
Issue (Month): 2 (August)
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