Management Factors: What is Important, Prices Yields, Costs, or Technology Adoption?
Kevin C Dhuyvetter, Terry L Kastens, and Cooper H Morris ( July, 2011 )
Summary
This paper looks at the connection between differentiating your farm in core management areas and the net profit gains that result. It is an update of previous research, however, this version introduces new variables – seed costs per acre and the proportion of custom hire used – to answer additional questions related to farmers’ management styles. Does spending more money on new seed varieties and hybrids increase income enough to offset the higher cost? Does custom contracting free up time, optimize planting, spraying, and harvesting windows, or have other effects that lead to increased net income? It also includes a section on how farm size and marketing abilities affect net incomes and how these factors have changed over time. Precision farming technology, new genetically modified seed varieties, and commodity market trends can alter production practices and factors impacting relative profitability over time. Thus, the effects particular management practices and abilities have on profits may change over time, and new management areas may become important. We try to capture and identify these possible trends and changes in this paper.
Details
| Organization | AgManager |
| Publisher | Kansas State University |
| Publication Date | July, 2011 |
| Publication Views | 1643 |
| Material Type | Written Material |
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