An examination of differences in financial performance among age cohorts

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Show simple item record Weeden, Gabriel T. 2008-05-07T20:52:10Z 2008-05-07T20:52:10Z 2008-05-07T20:52:10Z
dc.description.abstract The overall objective of this study was to examine the relative efficiency of farmers in various age groups. Nine Hundred sixty-four sole proprietors, who were members of the Kansas Farm Management Association (KFMA) with continuous data from 2002-2006, were split up into four groups based on age. Comparing the fourth age group (over 65 years of age) to the first age group (under or equal to 45 years of age) was of primary importance in this study. Comparisons were made utilizing variables pertaining to farm size and tenure, specialization, efficiency, liquidity, and solvency. In this study, there are four age groups; under or equal to 45 years, 46 to 55 years, 56 to 65 years, and greater than 65 years old. T-tests were used to compare variables among age groups. Nineteen variables were statistically different between age groups one and four. The fourth age group performed poorly in terms of cost efficiency. Based on the results, the fourth age group had a difficult time covering unpaid labor and capital expenses. Discriminant analysis was used to determine which variables discriminate the most between age groups. The top three variables in this discriminant analysis were the asset turnover ratio, the economic total expense ratio, and percent acres owned. The top three variables in the discriminant analysis involving groups one and four were the debt to asset ratio, asset turnover ratio, and net farm income. en
dc.language.iso en_US en
dc.publisher Kansas State University en
dc.subject Kansas farmer efficiency en
dc.subject Efficiency based on age en
dc.subject Financial performance among age cohorts en
dc.subject Sole proprietors en
dc.title An examination of differences in financial performance among age cohorts en
dc.type Thesis en Master of Science en
dc.description.level Masters en
dc.description.department Department of Agricultural Economics en
dc.description.advisor Michael R. Langemeier en
dc.subject.umi Economics, Agricultural (0503) en 2008 en May en

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