Before making the decision, farmers acquired information from many sources, of which the opinion of the main customer and the experiences of fellow farmers were the most valued. For most investments, the planning phase was considered more challenging than the implementation. The most challenging investments were in animal husbandry buildings and, as to these investments, the comparison of alternatives was the most challenging stage. The study was carried out with mail surveys and telephone interviews on the Finnish Farm Accountancy Data Network (FADN farms. In this research, different stages of the investment process of farms were studied as well as the use of information and the success perceived during the investment process.
It is essential for the sustainable operations and the economy of the farm that such investments are successful. Management of investment processes on Finnish farmsįull Text Available Structural change in agriculture means a continuous need for investing in farm production. This ongoing process can also be observed in Within the last three decades, Dutch dairy farm holdings have increased their physical size by a factor of 3. On average, farm units in the EU countryside are developing within the globalization process to an everincreasing physical and operational size. They also see the farm as an entrepreneurial business unit and intend to follow the corresponding principles of management.Įnlarging of scale in dairy farming: Consequences for farm-bound traffic flows in the countryside Successful farmers also have a firm confidence in their managerial skills, a strong emphasis on instrumental and intrinsic values, and a high appreciation of farming as occupation. It was concluded that it is essential for good performance that the farmer has a clear vision of developing farming with business and investment plans. The results show that farmers’ managerial thinking is connected to farm profitability, but management process effectiveness is not. The model explained one-fourth of the varying profitability of sample farms. A structural equation model of these two elements of management capacity and financial performance was applied on survey data and bookkeeping results from 117 dairy farms.
DeparLment of Agriculture, this document presents narrative and tabular data on: demographic and social characteristics of the farm population economic characteristics of the farm population revision of farm population processing procedures and…įarmers’ managerial thinking and management process effectiveness as factors of financial success on Finnish dairy farmsĭirectory of Open Access Journals (Sweden)įull Text Available The objective of the study was to analyze how farmers’ managerial thinking and management process effectiveness contribute to profitability of farming. Prepared cooperatively by the Bureau of the Census and the Economic Research Service of the U.S. Current Population Reports: Farm Population. Farm Population of the United States: 1976.
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