Table 7. Meana Response for Computer and Farm Records Uses in Four Bid Ranges
Bid Range
|
Survey Question________ |
$0-14,999 |
$15,000-75,499 |
$75,000 and greater |
No submitted bid |
|
Computer Use Own a Computer |
0.95 |
1.00 |
1.00 |
0.89 |
|
Personal Use |
0.89 |
0.94 |
0.87 |
0.78 |
|
Farm Communications |
0.63 |
0.94 |
0.80 |
0.78 |
|
Gather Farm |
0.58 |
0.76 |
0.73 |
0.67 |
|
Purchase Farm Inputs |
0.11 |
0.41 |
0.60 |
0.28 |
|
Keep Farm Records |
0.68 |
0.94 |
0.93 |
0.78 |
|
Uses of Records Tax Purposes |
1.00 |
1.00 |
0.93 |
1.00 |
|
Enterprise Analysis |
0.65 |
0.65 |
0.80 |
0.61 |
|
Secure Loans |
0.94 |
0.94 |
1.00 |
0.61 |
|
Evaluate Farm |
0.82 |
0.82 |
1.00 |
0.78 |
|
Investment Decisions |
0.76 |
0.76 |
0.80 |
0.61 |
|
Budget Preparation |
0.76 |
0.76 |
0.93 |
0.61 |
|
Capital Purchases |
0.94 |
0.94 |
0.93 |
0.83 |
|
Tax Record Use Store Only |
0.68 |
0.65 |
0.67 |
0.61 |
|
Measure Farm |
0.11 |
0.41 |
0.27 |
0.61 |
|
Manage Taxable |
0.42 |
0.88 |
0.80 |
0.78 |
|
Decide Income Transfer Family Living Expenses |
0.11 |
0.12 |
0.27 |
0.28 |
a 1 = positive response (i.e., yes); 0 = negative response (i.e., no).
Conclusions
Since the 1930s, farmers have been exhorted to practice good financial record keeping due to the
valuable information records can provide a farming operation. However, very little has been
known regarding the value farmers place on their financial information and the determinants of
20
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