Farm Financial Management Research: A Theoretical Analysis

Excerpts from the report Preface: Farming has changed in the last several decades from a primarily land- and labor-based activity to an industry with substantial and rapidly growing financial, technological, organizational, and managerial components. To minimize the problems accompanying these changes and to provide the basis for sound decisionmaking, farm economics research needs also to take on new dimensions. Several new research dimensions are suggested in the report which has two major objectives: (1) Defining an important subject-matter field--financial management--and its component terms, processes, and functions in a manner that permits feasible and effective research to be undertaken on the topic. (2) Suggesting some of the core problem areas and topics falling under the financial management topic and toward which research inquiry should be directed