Abstract

This article presents results from a study of the factors underlying the strategic decision of 313 dairy farmers in central Sweden to further develop their milk production. Using a structural equation modelling methodology, four categories of factors - the decision structure, the farm's business structure, the cognitive structure of the farmer, and the farm's network structure - have been individually analyzed, and are each found to explain the plan to further develop the farm's milk production, as opposed to continuing without further development or exiting production. These results are an important step toward developing an integrated model of strategic decision-making, where the resources and capabilities of the farm business lead the firm to its development plans. (c) 2010 Elsevier B.V. All rights reserved.

Keywords

Dairy farms; Farm development; Strategic decision-making; Structural equation modelling

Published in

Livestock Science
2011, Volume: 135, number: 2-3, pages: 110-123
Publisher: ELSEVIER SCIENCE BV

SLU Authors

• Hansson, Helena

  • Department of Economics, Swedish University of Agricultural Sciences
    

• Ferguson, Richard

  • Department of Economics, Swedish University of Agricultural Sciences
    

UKÄ Subject classification

Agricultural Science


Publication identifier

DOI: https://doi.org/10.1016/j.livsci.2010.06.157

Permanent link to this page (URI)

https://res.slu.se/id/publ/47395