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Expansion Opportunity at Triple F Farms: A Case Study
Author(s) -
Jodock Karl N.,
DeVuyst Cheryl S.,
DeVuyst Eric A.
Publication year - 2009
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1111/j.1467-9353.2009.01443.x
Subject(s) - business , economics
Many farms and ranches consider the decision to expand as one way to remain competitive in today's marketplace. Triple F Farms is contemplating the decision to expand by buying the land and machinery of the owner/manager's retiring father. Students and outreach audiences are led through the analysis and decision‐making process to evaluate the differences in farm size and financial goals and to evaluate how those goals affect the producer's expansion decision.