IDEAS home Printed from https://ideas.repec.org/a/oup/revage/v12y1990i2p165-172..html
   My bibliography  Save this article

Comparison of the Financial Results of Record-Keeping and Average Farms in North Dakota

Author

Listed:
  • Cole R. Gustafson
  • Elizabeth Nielsen
  • Mitchell J. Morehart

Abstract

Participation in a farm management association enhances members' recordkeeping abilities and provides standards of performance to measure achievement. However, these data can only be generalized to broader populations of farmers if association members are a representative sample. This study compares the financial characteristics of North Dakota farmers belonging to a recordkeeping program and those randomly surveyed by USDA. Association members had significantly different financial characteristics as compared to average farmers in the state. Member farms had substantially more acreage, hired labor, gross income, expenses, assets and liabilities. Equity levels on recordkeeping farms were higher but profitability and returns to equity were statistically lower.

Suggested Citation

  • Cole R. Gustafson & Elizabeth Nielsen & Mitchell J. Morehart, 1990. "Comparison of the Financial Results of Record-Keeping and Average Farms in North Dakota," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 12(2), pages 165-172.
    • Handle: RePEc:oup:revage:v:12:y:1990:i:2:p:165-172.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/aepp/12.2.165
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Unknown, 1998. "Commodity Costs and Returns Estimation Handbook (entire book-condensed file)," Commodity Costs and Returns Estimation Handbook,, Iowa State University.
    2. Todd H. Kuethe & Brian Briggeman & Nicholas D. Paulson & Ani L. Katchova, 2014. "A comparison of data collected through farm management associations and the Agricultural Resource Management Survey," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 74(4), pages 492-500, October.
    3. Gustafson, Cole R. & Chama, Sydney L., 1992. "Savings and Investments of North Dakota Farmers," Agricultural Economics Miscellaneous Reports 51171, North Dakota State University, Department of Agribusiness and Applied Economics.
    4. Unknown, 1998. "References/Literature Cited," Commodity Costs and Returns Estimation Handbook,, Iowa State University.
    5. Li, Xi & Paulson, Nicholas & Schnitkey, Gary, 2015. "Is Farm Management Skill Persistent?," 2015 Conference, August 9-14, 2015, Milan, Italy 212047, International Association of Agricultural Economists.
    6. David Nii O. Tackie & Khali N. Jones & Francisca A. Quarcoo & Gwen J. Johnson & Jeffrey Moore & Alphonso Elliott, 2024. "Effects of Selected Characteristics on General and Financial Record Keeping Practices of Small Producers in South Central Alabama," Journal of Agricultural Science, Canadian Center of Science and Education, vol. 14(7), pages 1-15, April.
    7. Andersson, Hans & Olson, Kent D., 1992. "A Comparison Of Minnesota'S Farm Business Management Association Members And The Usda'S Farm Costs And Returns Survey," Economic Reports 13084, University of Minnesota, Department of Applied Economics.

    More about this item

    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:oup:revage:v:12:y:1990:i:2:p:165-172.. 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: Oxford University Press or Christopher F. Baum (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.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.