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Payoffs to Farm Management: How Important is Crop Marketing?

Published online by Cambridge University Press:  28 April 2015

Heather D. Nivens ,
Terry L. Kastens  and
Kevin C. Dhuyvetter
Heather D. Nivens
Affiliation:
Department of Agricultural Economics, Kansas State University, Manhattan, Kansas
Terry L. Kastens
Affiliation:
Department of Agricultural Economics, Kansas State University, Manhattan, Kansas
Kevin C. Dhuyvetter
Affiliation:
Department of Agricultural Economics, Kansas State University, Manhattan, Kansas
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Abstract

In production agriculture, good management is demonstrated by profits that are persistently greater than those of similar neighboring farms. This research examined the effects of management practices on risk-adjusted profit per acre for Kansas farms over 1990-1999. The management practices were price, cost, yield, planting intensity, and technology adoption (less-tillage). Cost management, planting intensity, and technology adoption had the greatest effect on profit per acre, and cash price management was found to have the smallest impact. If producers wish to have continuously high profits, their efforts are best spent in management practices over which they have the most control.

Keywords

farm managementmarketingrisktechnology adoption
Type
Original Articles
Information
Journal of Agricultural and Applied Economics , Volume 34 , Issue 1 , April 2002 , pp. 193 - 204
Copyright
Copyright © Southern Agricultural Economics Association 2002

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