Keeping ARMS relevant: increasing its usability
Purpose – The Agricultural Resource Management Survey (ARMS) conducted annually by the USDA's Economic Research Service collects data on US agriculture, ranging from production practices to the financial condition of farm and ranch enterprises and the farm household. The purpose of this article is to consider what could make ARMS useful from a farmer's point of view. Design/methodology/approach – A Delphi method is used to gather input from a panel of experts. Findings – Results show that increasing the usability of the ARMS to agricultural producers involves expanding the content and relevance of the data collected. Specific types of data needed are identified. Also, recommendations are made concerning how the usefulness and relevance of the data could be increased by refining the sample frame. Finally, it is argued here that after making some adjustments to the ARMS sample frame to create nationally representative data, the ARMS project could serve as a hugely important basis for reporting economic performance levels for American agriculture. Originality/value – This study offers insights from agricultural finance experts on how the ARMS could be improved to expand the quality and usefulness of its output for both professionals and agricultural producers.
Volume (Year): 72 (2012)
Issue (Month): 2 (July)
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References listed on IDEAS
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- Steven C. Blank & Kenneth W. Erickson & Charles B. Moss & Richard Nehring, 2004. "Agricultural Profits and Farm Household Wealth," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(5), pages 1299-1307.
- Marc F. Bellemare & Zachary S. Brown, 2010. "On the (Mis)Use of Wealth as a Proxy for Risk Aversion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(1), pages 273-282.
- Nalley, Lawton Lanier & Barkley, Andrew P. & Brad, Watkins & Hignight, Jeffrey A., 2009. "Enhancing Farm Profitability through Portfolio Analysis: The Case of Spatial Rice Variety Selection," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 45648, Southern Agricultural Economics Association.
- Blank, Steven C. & Erickson, Kenneth W. & Nehring, Richard F. & Hallahan, Charles B., 2009. "Agricultural Profits and Farm Household Wealth: A Farm-level Analysis Using Repeated Cross Sections," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 41(01), April.
- Jensen, Farrell E. & Pope, Rulon D., 2004. "Agricultural Precautionary Wealth," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 29(01), April.
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