IDEAS home Printed from https://ideas.repec.org/a/ags/wjagec/32321.html
   My bibliography  Save this article

A Multivariate Analysis Of Factors Influencing Farm Machinery Purchase Decisions

Author

Listed:
  • Johnson, Thomas G.
  • Brown, William J.
  • O'Grady, Kevin

Abstract

This paper presents a model of the farm management process. The model suggests that certain socioeconomic characteristics of farm managers will influence their decision-making process. Several characteristics are hypothesized an tested using multivariate techniques (multivariate analysis of variance, range tests, and multiple comparisons). The analysis indicates that the soil zone, value of machinery inventory, operator's age, and operator's education influence the importance placed on each of 20 factors. On the basis of the analysis it was concluded that such a model of the farm management process can contribute to an understanding of farm management decisions. In addition, it was concluded that farm managers, farm machinery dealers, and extension agents had significantly different perceptions of the importance of these factors to farm managers. This latter conclusion suggests that more research related to the actual process of decision making is warranted.

Suggested Citation

  • Johnson, Thomas G. & Brown, William J. & O'Grady, Kevin, 1985. "A Multivariate Analysis Of Factors Influencing Farm Machinery Purchase Decisions," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(2), pages 1-13, December.
    • Handle: RePEc:ags:wjagec:32321
    DOI: 10.22004/ag.econ.32321
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/32321/files/10020294.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.32321?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. LaDue, Eddy L. & Miller, Lynn H. & Kwiatkowski, Joseph H., 1990. "Investment Behavior And Energy Conservation," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 19(2), pages 1-10, October.

    More about this item

    Keywords

    Farm Management;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:wjagec:32321. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/waeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.