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....

A whole farm economic analysis was conducted to provide a detailed assessment into the economic, risk, and production implications due to the adoption of auto-steer navigation. It was determined that auto-steer navigation was profitable for a grain farmer in Kentucky with net returns increasing...

One of the outcomes of the EC-FP7 project “Future Farm” was showing the need of INTEGRATION, something that PROGIS has been doing for 15 years. Within the whole sector agriculture–forestry-environment-risk management there is an enormous need for integration that is not available yet,...

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...

The performance of over 500 North Dakota farms, 2002-2011, is summarized using 16 financial measures. Farms are categorized by geographic region, farm type, farm size, gross cash sales, farm tenure, net farm income, debt-to-asset, and age of farmer to analyze relationships between financial...

A generally accepted theory of firm behavior is incorporated into an abstract computerized simulation model capable of handling many different environments and organizations. This model provides a means of studying management problems using the simulation approach by providing, in most...

Historically research about diffusion has largely been focused on rates of adoption and explanations for them. This is a matter of secondary importance, arguably, to the question of the likely total level of adoption. In the case of agricultural innovations total adoption can be expected to be...