Expand or exit? Strategic decisions in milk production

Abstract

Results show that farmers hold separate identity, business, and farm-living values. The identity value construct is strongly correlated with the other two, suggesting that for some farmers, identity is more coupled with business management, whereas for others identity is more tied to farm-living. At the same time, it is the business value construct that is most significant in explaining changes in production, exerting a positive influence on both planned exit and expansion, whereas the identity and farm-living value constructs show a more mixed influence on farmers' strategic planning. (C) 2013 Elsevier B.V. All rights reserved.

Keywords

Dairy farming; Business strategy; Decision-making

Published in

Livestock Science
2013, Volume: 155, number: 2-3, pages: 415-423 Publisher: ELSEVIER SCIENCE BV

SLU Authors

• Ferguson, Richard

  • Department of Economics, Swedish University of Agricultural Sciences
    

• Hansson, Helena

  • Department of Economics, Swedish University of Agricultural Sciences
    

UKÄ Subject classification

Other Agricultural Sciences not elsewhere specified
Business Administration


Publication identifier

DOI: https://doi.org/10.1016/j.livsci.2013.05.019

Permanent link to this page (URI)

https://res.slu.se/id/publ/52962