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AP - Persistence In Financial Performance

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  • Langemeier, Michael

Abstract

The purpose of this paper was to examine the persistence of financial efficiency and performance measures for a sample of farms. The profit margin ratio, the asset turnover ratio, and three expense ratios were computed for each farm and year, and for the four-year period. The number of years each farm was in the top and bottom performance quartile was also computed. Results indicated that it was relatively difficult for a farm to consistently be in the top quartile over time. However, using four-year average data, there was a substantial difference in financial performance between farms in the top and bottom quartiles. Results suggest that using one year of data to benchmark is problematic. However, benchmarking using data for a longer period of time is essential to determining a farm’s competitive position.

Suggested Citation

  • Langemeier, Michael, 2007. "AP - Persistence In Financial Performance," 16th Congress, Cork, Ireland, July 15-20, 2007 345454, International Farm Management Association.
    • Handle: RePEc:ags:ifma07:345454
    DOI: 10.22004/ag.econ.345454
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    File URL: https://ageconsearch.umn.edu/record/345454/files/07Langemeier.pdf
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    References listed on IDEAS

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    1. Bruce A. Babcock, 1999. "Conflict between Theory and Practice in Production Economics: Discussion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(3), pages 719-721.
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    Keywords

    Agricultural Finance;

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