Search
  Advanced Search
 
Journal search
Journal cover: Agricultural Finance Review

Agricultural Finance Review

ISSN: 0002-1466

Online from: 2000

Subject Area: Economics

Content: Latest Issue | icon: RSS Latest Issue RSS | Previous Issues

 

Previous article.Icon: Print.Table of Contents.Next article.Icon: .

Joint measurement of farm size and farm performance: a confirmatory factor analysis


Document Information:
Title:Joint measurement of farm size and farm performance: a confirmatory factor analysis
Author(s):Joleen C. Hadrich, (Department of Agribusiness and Applied Economics, North Dakota State University, Fargo, North Dakota, USA), Frayne Olson, (Department of Agribusiness and Applied Economics, North Dakota State University, Fargo, North Dakota, USA)
Citation:Joleen C. Hadrich, Frayne Olson, (2011) "Joint measurement of farm size and farm performance: a confirmatory factor analysis", Agricultural Finance Review, Vol. 71 Iss: 3, pp.295 - 309
Keywords:Agriculture, Farm performance, Farm size, Farms, Management, Performance measures, United States of America
Article type:Research paper
DOI:10.1108/00021461111177585 (Permanent URL)
Publisher:Emerald Group Publishing Limited
Abstract:

Purpose – The purpose of this paper is to determine if a single dominant measure defines farm size and farm performance consistently over a ten-year time period, or if alternative measures are needed. The paper also seeks to determine the correlation between farm size and farm performance and how this correlation may change over time.

Design/methodology/approach – A confirmatory factor analysis was used to test the relative strength of farm size and performance indicator variables and estimate the relationship between farm size and performance latent variables. Data were collected from the North Dakota Farm and Ranch Business Management Association (NDFRBA) Annual Summaries for 2000-2009.

Findings – Results demonstrated that a single indicator, such as acres or rate of return on assets, may not capture the array of farm size and farm performance concepts and multiple indicators should be used to jointly determine farm size and farm performance measures. Results also found a sequential decrease in correlation between farm size and performance for seven of the ten years.

Originality/value – This paper addresses the issue regarding multiple measures for farm size and farm performance which helps provide the framework to begin developing a systematic classification of farms for use in strategic farm planning and guide future government policies, federal farm programs, and environmental regulations.



Fulltext Options:

Login

Login

Existing customers: login
to access this document

Login


- Forgot password?
- Athens/Institutional login

Purchase

Purchase

Downloadable; Printable; Owned
HTML, PDF (107kb)

Due to our platform migration, pay-per-view is temporarily unavailable.

To purchase this item please login or register.

Login


- Forgot password?

Recommend to your librarian

Complete and print this form to request this document from your librarian


Marked list


Bookmark & share

Reprints & permissions