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Human capital and its effect on the farm business life cycle

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  • Hadrich, Joleen C.

Abstract

Human capital has been identified as significant determinant of farm size growth. However, there are numerous measures for human capital. Traditional measures include age, experience, and education of the principal operator and a management measure. This study identifies three types of management capabilities: production, financial, and human resource, as human capital measures. Farm size growth is estimated over a 15 year time period, 1994-2009. Results indicate that age of principal operator, financial management, and human resource management are significant determinants of farm size growth.

Suggested Citation

  • Hadrich, Joleen C., 2011. "Human capital and its effect on the farm business life cycle," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103481, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea11:103481
    DOI: 10.22004/ag.econ.103481
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    References listed on IDEAS

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    1. Johnson, James D. & El-Osta, Hisham S., 1998. "Determinants of Financial Performance of Commercial Dairy Farms," Technical Bulletins 33561, United States Department of Agriculture, Economic Research Service.
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    Keywords

    Agricultural Finance; Farm Management; Labor and Human Capital;
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