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An Unexpected Source Of Farm Business Education

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  • Smith, Jay Lee

Abstract

I took my first international trip 48 years ago as a young farmer in the year 1974. My experience as a farmer has been that international travel has not been an expense for me. International travel has been a valuable investment. International agricultural farm travel with farmers can significantly improve one’s inherent decision-making ability and thus actually be a profit enhancer to one’s business. This case study related to fixed vs variable interest rate is one example. One should strongly consider avoiding short term variable interest rates. Changes in interest rates can have a huge impact on one’s business profitability and survival.

Suggested Citation

  • Smith, Jay Lee, 2022. "An Unexpected Source Of Farm Business Education," 23rd Congress, Copenhagen, Denmark, 2022 345970, International Farm Management Association.
    • Handle: RePEc:ags:ifma22:345970
    DOI: 10.22004/ag.econ.345970
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    References listed on IDEAS

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    1. Schnitkey, Gary & Swanson, Krista & Paulson, Nick & Zulauf, Carl, 2021. "Debt Financing and Timing Farmland Purchases," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 11(135), September.
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    1. Smith, Jay Lee, 2022. "An Unexpected Source Of Farm Business Education," Agricultural Economics Society (AES) 98th Annual Conference, The University of Edinburgh, Edinburgh, UK, March 18-20, 2024 345970, Agricultural Economics Society (AES).

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    Keywords

    Farm Management; Financial Economics;

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