Agribusiness Management

Barnard, Freddie L.; Foltz, John; Yeager, Elizabeth A.

doi:10.4324/9780203124185

Cited by 15 publications

(21 citation statements)

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“…These groups usually are considered equally important. North American textbooks on farm management and farm accounting differentiate up to five areas and corresponding financial ratios: profitability, liquidity, solvency and financial efficiency [26] and some textbooks consider in addition repayment capacity [27,39].…”

Section: Framework Of Analysis: Financial Indicatorsmentioning

confidence: 99%

“…Return on equity (ROE, P3) refers to the farm net worth. Both ratios are frequently applied to measure profitability [26,50] and often used in sustainability assessments [7,45,51]. The ratio of ROE by ROA indicates the different effectivity of using debt capital versus equity capital [39].…”

Section: Ratios For Profitabilitymentioning

confidence: 99%

“…For the latter, the single ratios or indicators are typically weighted and summed up [24]. The aggregation of financial ratios in an overall assessment constitutes a simplification and enhances comprehensibility and communicability since the use of numerous financial ratios can be 'confusing' [26].…”

Section: Introductionmentioning

confidence: 99%

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Financial Ratios as Indicators of Economic Sustainability: A Quantitative Analysis for Swiss Dairy Farms

et al. 2018

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In agriculture, a rising number of sustainability assessments are available that also comprise financial ratios. In a literature review of farm management textbooks, taking account of the differences between European and North American practices and considering prevalent sustainability assessment approaches, we identified frequently used financial ratios. Five ratios relate to the indicator profitability and four to the indicator liquidity. Another eight financial indicators refer to the indicators financial efficiency, stability, solvency and repayment capacity. Based on more than 14,000 accountancies of dairy farms from the Swiss Farm Accountancy Data Network (FADN), we carried out a Spearman correlation analysis for normalised and harmonised financial ratios. The correlation analysis revealed mostly positive correlations. To assess the implementation of a quantitative economic sustainability assessment we compare an aggregated indicator compound of all 17 ratios with two selections of financial ratios–first, a compound European and, second, a compound North American economic sustainability indicator. The correlation between the complete and the reduced sets of indicators suggest that both aggregate economic indicators can be reasonably applied to estimate the economic sustainability for Swiss dairy farms.

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Section: Framework Of Analysis: Financial Indicatorsmentioning

confidence: 99%

Section: Ratios For Profitabilitymentioning

confidence: 99%

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Financial Ratios as Indicators of Economic Sustainability: A Quantitative Analysis for Swiss Dairy Farms

et al. 2018

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“…Majority of companies (71.4%) has some kind of HR department: 12 companies (28.6%) have one employee in charge of HR processes, 13 companies (31%) employ between 2 and 5 people in their HR department, while only 5 companies have more than five employees responsible for HR-related tasks ( Table 1). Source: According to data from Ratković, 2014. It is usually suggested in the literature and practice that a company which employs 75 to 100 full time employees should consider employing at least one person responsible only for HR-related matters (human resource manager), (Barnard et al, 2012). Research has shown that existence of HR function highly depends on the size of the company-where smaller subsidiaries usually don't have HR departments or HR managers.…”

Section: Tatjana Ratkovićmentioning

confidence: 99%

HRM in foreign-owned agricultural and food processing companies in Serbia

Ratković

2015

Ekon Polj

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This paper was aimed at analysing the degree to which foreign-owned agricultural and food processing companies in Serbia implement key human resource management (HRM) processes, determining whether these processes are performed in-house or outsourced, and identifying the variables which influence the decision on performing these processes within the company or outsourcing. The analysis of data collected through a survey conducted in 42 companies has confirmed the expectations that the surveyed companies mainly perform most of HRM activities The conclusion drawn from the study is that all examined HRM activities are mainly performed in-house, rather than outsourced, while the mode of performing key HRM processes mainly depends on the size of the company and the number of employees in HR department, implying that foreign-owned companies operating in agricultural and food processing sector in this transition country need to take these variables into consideration when deciding whether to perform crucial HRM activities by themselves or outsource.

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“…Agribusiness nowadays refers to agents involved in the food and fiber production and marketing system, and includes those that (a) produce raw foods (farms), (b) supply inputs such as John Deere (tractors) and Monsanto (seeds), (c) transform raw agricultural products into final products (manufacturers and processors), and (d) move final products to consumers (wholesalers, distributors, and retailers; Barnard, Akridge, Dooley, Foltz, & Yeager, ). As the world’s largest producer, consumer, and importer of numerous agricultural and food products, China and the rapidly evolving agribusiness sector there have a significant impact on domestic and global agricultural and food systems.…”

mentioning

confidence: 99%