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- Title
A Two-Tiered Benchmarking Analysis for Cost Management.
- Authors
Shockley, Jordan M.; Osborne, William A.; Dillon, Carl R.; Pierce, Jerry S.
- Abstract
The ability of operators and managers to benchmark farm performance with those in their region is a great starting point for cost management. This study expands on the traditional one-tier stratification of farm-level data and uses a two-tier approach using farm income and expense allocation as categories of performance. Farm managers, consultants, and landowners can utilize this framework to provide more insights and management opportunities for their self or their clientele. More specifically, they can identify expenditure characteristics and the capital allocation of the top managers for benchmarking against their own operations.
- Subjects
FARM management; AGRICULTURAL economics; BENCHMARKING (Management); COST allocation; COST accounting
- Publication
Journal of the American Society of Farm Managers & Rural Appraisers, 2016, p102
- ISSN
0003-116X
- Publication type
Article