Production and Farm Management
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Browsing Production and Farm Management by Subject "assets"
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Item Open Access Adaptations to drought: evidence from ag producer survey(Colorado State University. Libraries, 2013-07) Pritchett, James, author; Goemans, Christopher, author; Nelson, Ron, author; Colorado State University, Department of Agricultural and Resource Economics, publisherColorado's ongoing drought is in its significant geographic reach and economic impacts. For Ncondition, reduces cow condition and leads to difficulty in locating critical feed inputs. These production losses generally reduce revenues although declining receipts may be partially offset by higher prices. Yet, the drought's impacts to the farm or ranch business are not contained within a single season. Much like reservoir levels that are drawn down and may take years to replenish, the impact of a drought can reduce a farm or ranch's equity position making it difficult to service debt or take advantage of future investment opportunities. Equity erosion may take years to rebuild. In this article, recent drought survey responses are described in order to characterize the potential longer term impacts of drought. Emphasis is placed on production losses and producers' mitigating actions. While it is difficult to forecast the length of the recovery period for Colorado farmers and ranchers, their adaptations and changing production activities in 2012 do indicate the severity and persistence of financial stress.Item Open Access Demographics, production characteristics and financial performance executive summary: a comparison of low-sales, medium-sales, and large family farm operations in the United States(Colorado State University. Libraries, 2011-12) Pritchett, James, author; Johnson, Kamina, author; Seitzinger, Ann, author; Thilmany, Dawn, author; Pendell, Dustin, author; Colorado State University, Department of Agricultural and Resource Economics, publisherThe financial performance, resilience and long run sustainability of small and mid-sized farms and ranches are an important concern for agriculture's stakeholders and policy makers. A determined effort to uncover the ingredients of small operations' successes initiated this analysis of data from the 2008 Agricultural Resource Management Survey (ARMS)3 that is conducted by USDA's Economic Research Service (ERS) and National Agricultural Statistics Service (NASS). This document is an executive summary of the findings from the three fact sheets, and it will detail the methods used to categorize operations from the 2008 ARMS data. Broad themes are summarized from results and opportunities for future research noted.Item Open Access Operator and operation characteristics: a comparison of low-sales, medium-sales, and large family farm operations in the United States(Colorado State University. Libraries, 2011-12) Johnson, Kamina, author; Seitzinger, Ann, author; Thilmany, Dawn, author; Pendell, Dustin, author; Pritchett, James, author; Colorado State University, Department of Agricultural and Resource Economics, publisherThe paper analyzes operator and operation characteristics for the smaller and mid-sized farms such as regional influences, age, and educational backgrounds of the operators and their spouses according to their return on assets (ROA). These farms were categorized by size based on gross sales and ranked in quartiles according to the ROA.Item Open Access Production resources and management: a comparison of low-sales, medium-sales, and large family operations in the United States(Colorado State University. Libraries, 2011-12) Pendell, Dustin, author; Johnson, Kamina, author; Pritchett, James, author; Thilmany, Dawn, author; Seitzinger, Ann, author; Colorado State University, Department of Agricultural and Resource Economics, publisherFarm sustainability, resilience and performance are closely tied to the effectiveness with which managers use their assets and costs. This fact sheet investigates the cost and asset efficiency of agriculture operations that are categorized according to their sales and ranked by their rate of return on assets. The size of the operations, input purchases and labor productivity are particular areas of emphasis.Item Open Access Profitability measures and financial structure: a comparison of low-sales, medium-sales, and large family operations in the United States(Colorado State University. Libraries, 2011-12) Thilmany, Dawn, author; Pendell, Dustin, author; Johnson, Kamina, author; Seitzinger, Ann, author; Pritchett, James, author; Colorado State University, Department of Agricultural and Resource Economics, publisherAnalysts use financial ratios to evaluate the performance and sustainability of businesses including farms and ranches. In this fact sheet we evaluate the performance of farms and ranches ranked according to their return on assets (ROA). The operations are divided into classes by sales volume, so that high, average and low financial performance is compared both within and across sales classes. These comparisons provide insights into the nature and cause of variation in performance across operations.