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Results from a Tobit model showed a complementary relationship between marketing inputs and the decision to hire farm managers. According to the results, as farmers increase expenditure on marketing consultants and information systems, their expenditure on farm managers increase as well.
Persistent link: https://www.econbiz.de/10005476679
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The 2002 Farm Bill affects economic activity of farms and ranches in the southern United States. Using stochastic simulation techniques, key financial variables were projected for 39 representative farms and ranches in ten southern states. Results indicate 24 of 39 farms studied have more than a...
Persistent link: https://www.econbiz.de/10005327171
Explaining the details and the impacts of government program provisions to agricultural producers can be a challenge for extension educators. This paper introduces a visual interactive tool that demonstrates the calculations of government payments established in the 2002 farm bill. Additionally,...
Persistent link: https://www.econbiz.de/10005038896