IDEAS home Printed from https://ideas.repec.org/p/ags/aaea07/9982.html
   My bibliography  Save this paper

Technology Adoption, Management Practices, and Financial Performance of New and Beginning Farmers: Evidence from a National Survey

Author

Listed:
  • Mishra, Ashok K.
  • Wilson, Christine A.
  • Williams, Robert P.

Abstract

More than 50 percent of current farmers are over age 55, and the number of new farmers replacing them has fallen. This paper examines factors that contribute to the financial performance of new and beginning farmers in the U.S. A weighted regression analysis was used on data from the 2005 Agricultural Resource Management Survey (ARMS) to measure new and beginning farmers' financial performance given farm and operator characteristics, production and marketing, and risk management strategies. Particular attention was given to the impact of technology adoption and management strategy on financial performance. Results indicate the adoption of Genetically Modified (GM) crops, having a written business plan, controlling variable costs, participation in coupled farm program payment, and participation in marketing contracts lead to higher financial performance while education, age, and off-farm work lowered financial performance for new and beginning farmers.

Suggested Citation

  • Mishra, Ashok K. & Wilson, Christine A. & Williams, Robert P., 2007. "Technology Adoption, Management Practices, and Financial Performance of New and Beginning Farmers: Evidence from a National Survey," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9982, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea07:9982
    DOI: 10.22004/ag.econ.9982
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/9982/files/sp07mi02.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.9982?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Farm Management; Productivity Analysis;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea07:9982. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.