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Financing Agriculture and Rural America: Issues of Policy, Structure and Technical Change: Financial Management Practices and Farm Profitability

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  • Gloy, Brent
  • LaDue, Eddy

Abstract

The relationship between the adoption of several basic farm financial management practices and financial performance is examined for 137 New York dairy farms. Data were gathered from farm business summary participants to understand the capital acquisition practices, business analysis techniques, and capital investment decision making processes used by these farms. The paper provides estimates regarding the adoption of various financial management practices. The results suggest that the adoption of financial management practices such as using investment analysis techniques significantly impact farm financial performance.

Suggested Citation

  • Gloy, Brent & LaDue, Eddy, 2002. "Financing Agriculture and Rural America: Issues of Policy, Structure and Technical Change: Financial Management Practices and Farm Profitability," Econ Pamphlets 298023, South Dakota State University, Department of Economics.
  • Handle: RePEc:ags:sdsuep:298023
    DOI: 10.22004/ag.econ.298023
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