Changing Farming Systems – Financial Implications for Farming Businesses

Future prosperity of farming businesses depends not only on immediate prospects, but also on the capability to adapt to changing circumstances. In looking to the future, farm managers need to assess where the current farming system is taking them, and whether changing to an alternative farming system might be more profitable. There are various techniques for assessing the profitability of alternative farming systems, but frequently the cost of transition is overlooked. The financial consequences of transition to a new farming system are assessed for two case study farms using a spreadsheet tool (STEP), developed by the authors. The tool assists farm managers in assessing the risk of transition strategies as well as comparing rotations.


Subject(s):
Issue Date:
2003-02
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/57834
PURL Identifier:
http://purl.umn.edu/57834
Total Pages:
18




 Record created 2017-04-01, last modified 2018-01-22

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