Farmer demand for financial record‐keeping system attributes

Abstract

Purpose

The purpose of this paper is to determine which financial record‐keeping system farmers use, as well as what system attributes farmers value and to what degree.

Design/methodology/approach

This research uses a choice experiment to examine farmer's demand for attributes of financial record‐keeping systems. A sample from the general Michigan farm population is compared to samples from university and agribusiness record system clients.

Findings

Results reveal that university and agribusiness clients are willing to pay considerably more for a farm‐specific record system to backstop their farm management decisions.

Practical implications

The results provide an understanding of farmer demands for farm financial record systems and can be used to position record‐keeping systems to meet those demands.

Originality/value

This paper describes and analyzes farm financial accounting system use and preferences by type.

Citation

Wolf, C.A., Lupi, F. and Harsh, S. (2011), "Farmer demand for financial record‐keeping system attributes", Agricultural Finance Review, Vol. 71 No. 2, pp. 259-276. https://doi.org/10.1108/00021461111152609