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Financial performance configurations

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  • Langemeier, Michael R.

Abstract

The purpose of this paper is to examine the financial performance of a sample of crop/beef cow farms using the operating profit margin ratio and farm growth as relevant measures. Farms were divided into four performance categories: low profit/low growth; low profit/high growth; high profit/low growth; and high profit/high growth. Approximately 36 percent of the farms had above average operating profit margin ratios. Of this group, approximately 54 percent had a below average growth rate in the beef cow herd and the remaining 46 percent had an above average growth rate in the beef cow herd. Characteristics of these two groups were similar. However, interestingly, the farms with the above average growth rate in the beef cow herd, also had a higher growth rate in crop hectares from 2002 to 2009.

Suggested Citation

  • Langemeier, Michael R., 2011. "Financial performance configurations," International Journal of Agricultural Management, Institute of Agricultural Management, vol. 1(01), pages 1-3.
    • Handle: RePEc:ags:ijameu:149910
    DOI: 10.22004/ag.econ.149910
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    File URL: https://ageconsearch.umn.edu/record/149910/files/10-Langemeier.pdf
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    References listed on IDEAS

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    1. Villatoro, Mario & Langemeier, Michael, 2006. "Factors Impacting Farm Growth," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2006, pages 1-7.
    2. Yeager, Elizabeth & Langemeier, Michael, 2009. "Measuring Sustained Competitive Advantage for a Sample of Kansas Farms," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2009, pages 1-12.
    3. Langemeier, Michael R., 2005. "Comparison of 2002 Census and KFMA Farms," Staff Papers 117977, Kansas State University, Department of Agricultural Economics.
    4. Paul Steffens & Per Davidsson & Jason Fitzsimmons, 2009. "Performance Configurations over Time: Implications for Growth– and Profit–Oriented Strategies," Entrepreneurship Theory and Practice, , vol. 33(1), pages 125-148, January.
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    Cited by:

    1. Radosław Pastusiak & Michał Soliwoda & Magdalena Jasiniak & Joanna Stawska & Joanna Pawłowska-Tyszko, 2021. "Are Farms Located in Less-Favoured Areas Financially Sustainable? Empirical Evidence from Polish Farm Households," Sustainability, MDPI, vol. 13(3), pages 1-26, January.
    2. Langemeier, Michael & Yeager, Elizabeth, 2021. "Examining Differences in Risk Adjusted Returns Among Farms," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2021.

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