A review of 183 papers published between 1990 and 2006 led to development of a typology of farm management decision-making (FMDM) research. An existing model which categorises decision research according to purpose as being either Analytical (descriptive), Normative, or Prescriptive was blended...

A stochastic simulation model is used to determine crop insurance premiums and farm program payments for a Illinois corn-soybean and Mississippi corn-soybean-rice-cotton farm. The optimal portfolio of crop insurance and farm programs are determined subject to payment limitations and crop...

Exploratory factor analysis was used to identify approaches to farm management based on a list of management questions posed to a sample of U.S. cash-grain farmers. Three approaches were identified by the factor analysis: price negotiation, long-term cost control, and input adjustment. Estimated...

The aim of this research was to study empirically what characterize farms and farmers that choose to develop the milk production at their farms. The background was that several farms have exited milk production, which threatens both goals about rural development and also the activities of the...

Ma'ayan is a software package developed by the Israeli extension service. The package was developed under the assumption that extension has a comparative advantage in bridging the gap between farmers' need for innovative farm management practice, managerial information and software to support...

In this paper it is argued that solving problems in farm management involves applying an appropriate balance of disciplinary knowledge. More specifically, farm management decision-making is about making choices, and the discipline of choice is economics. Thus economics is the core discipline of...

Farm systems in Australia are open systems. The financial openness of farm systems has implications for managing farms and, thus, implications for analysing farm management decisions and farm performance. In elaborating on this theme, capital investment in agriculture is considered and key ideas...

Farms and farming are major contributors to the world economy, directly responsible for a large part of GDP. These achievements are not trivial and imply that farms are being managed in reasonably effective ways, else agricultural industries would not be sustained. However has the study of Farm...

This study analyses the financial risk faced by representative mixed-enterprise farm businesses in four regions of south-eastern Australia. It uses discrete stochastic programming to optimise the ten-year cash flow margins produced by these farms, operating three alternative farming systems....

Michigan has had unusually wet planting conditions in 2011, leading to substantial acreage that has not been planted at this late date. Farmers who purchased crop insurance have many options available to them. This paper addresses the major crop insurance decisions that farmers will face during...