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Farmer demand for financial record‐keeping system attributes

Author

Listed:
  • Christopher A. Wolf
  • Frank Lupi
  • Stephen Harsh

Abstract

Purpose - The purpose of this paper is to determine which financial record‐keeping system farmers use, as well as what system attributes farmers value and to what degree. Design/methodology/approach - This research uses a choice experiment to examine farmer's demand for attributes of financial record‐keeping systems. A sample from the general Michigan farm population is compared to samples from university and agribusiness record system clients. Findings - Results reveal that university and agribusiness clients are willing to pay considerably more for a farm‐specific record system to backstop their farm management decisions. Practical implications - The results provide an understanding of farmer demands for farm financial record systems and can be used to position record‐keeping systems to meet those demands. Originality/value - This paper describes and analyzes farm financial accounting system use and preferences by type.

Suggested Citation

  • Christopher A. Wolf & Frank Lupi & Stephen Harsh, 2011. "Farmer demand for financial record‐keeping system attributes," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 71(2), pages 259-276, August.
    • Handle: RePEc:eme:afrpps:v:71:y:2011:i:2:p:259-276
    DOI: 10.1108/00021461111152609
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    References listed on IDEAS

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    Cited by:

    1. Soliwoda, Michał, 2016. "How to Improve a Farm Financial Management? The Lesson from Poland," Rural Areas and Development, European Rural Development Network (ERDN), vol. 13, pages 1-12.

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