An examination of differences in financial performance among age cohorts

dc.contributor.authorWeeden, Gabriel T.
dc.date.accessioned2008-05-07T20:52:10Z
dc.date.available2008-05-07T20:52:10Z
dc.date.graduationmonthMay
dc.date.issued2008-05-07T20:52:10Z
dc.date.published2008
dc.description.abstractThe 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.
dc.description.advisorMichael R. Langemeier
dc.description.degreeMaster of Science
dc.description.departmentDepartment of Agricultural Economics
dc.description.levelMasters
dc.identifier.urihttp://hdl.handle.net/2097/716
dc.language.isoen_US
dc.publisherKansas State University
dc.rights© the author. This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectKansas farmer efficiency
dc.subjectEfficiency based on age
dc.subjectFinancial performance among age cohorts
dc.subjectSole proprietors
dc.subject.umiEconomics, Agricultural (0503)
dc.titleAn examination of differences in financial performance among age cohorts
dc.typeThesis

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