The Contribution of Financial Management Training and Knowledge to Dairy Farm Financial Performance
Cooperative Extension and other institutions (e.g., technical colleges, on-line self study programs, university short courses, etc.) frequently stress the importance of financial management education for successful farming operations. The research reported in this paper attempts to quantify the contributions of such training to the financial performance of dairy farms in Wisconsin. Our results suggest a link between a deeper understanding of financial concepts and greater financial returns but that it is a relatively weak one. Moreover, simple exposure to farm management training programs and self-confidence in farm financial decision-making ability are not significantly related to farm financial outcomes. Copyright 2002 American Agricultural Economics Association
Year of publication: |
2004
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Authors: | Jackson-Smith, Douglas ; Trechter, David ; Splett, Nate |
Published in: |
Review of Agricultural Economics. - American Agricultural Economics Association. - Vol. 26.2004, 1, p. 132-147
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Publisher: |
American Agricultural Economics Association |
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