The Contribution of Financial Management Training and Knowledge to Dairy Farm Financial Performance

2004 ◽  
Vol 26 (1) ◽  
pp. 132-147 ◽  
Author(s):  
Douglas Jackson-Smith ◽  
David Trechter ◽  
Nate Splett
Keyword(s):  
Financial Performance ◽  
Financial Management ◽  
Dairy Farm ◽  
Management Training

Benchmarking upper midwest dairy farm profitability

2020 ◽  
Vol 80 (5) ◽  
pp. 733-744
Author(s):  
Christopher A. Wolf ◽  
J. Roy Black ◽  
Mark W. Stephenson
Keyword(s):  
Financial Performance ◽  
Financial Management ◽  
Dairy Farm ◽  
Herd Size ◽  
Primary Objective ◽  
Profit Margin ◽  
Upper Midwest ◽  
Content Type ◽  
Operating Profit ◽  
Farm Profitability

PurposeThe purpose of this research is to understand US Upper Midwest dairy farm profitability performance over time and across herd size. Profitability is broken down into asset efficiency and operating profit margin. The primary objective is to determine how much information is required to accurately benchmark farm performance.Design/methodology/approachFinancial ratios to measure profitability (rate of return on assets), profit margin (operating profit margin ratio), and asset efficiency (asset turnover) were collected from Michigan State University and the University of Wisconsin business analysis programs for dairy farms from 2000 through 2016. Financial ratio patterns were examined both across time and herd size. Annual distributions were divided into quartiles and the use of one to five-year averages were used to determine accuracy of quartile rank compared to true long-run farm profitability performance.FindingsFinancial performance across large herds was more uniform than across smaller herds. Small and large herd profitability performance converged in poor years but diverged in good years. Using three or more years performance greatly improved accuracy of benchmarking profitability.Originality/valueThe data utilized are very rich in the sense of the amount of variation across years and herd size. The results have important implications for farm financial management and benchmarking farm financial performance. Farm firms should benchmark multiple years of profitability before making major management changes to alleviate deficiencies.

Dairy farm financial performance: firm, year, and size effects

2016 ◽  
Vol 76 (4) ◽  
pp. 532-543 ◽  
Author(s):  
Christopher A. Wolf ◽  
Mark W. Stephenson ◽  
Wayne A. Knoblauch ◽  
Andrew M. Novakovic
Keyword(s):  
Credit Risk ◽  
Financial Performance ◽  
Financial Management ◽  
Financial Risk ◽  
Dairy Farm ◽  
Herd Size ◽  
Financial Ratios ◽  
Management Tools ◽  
Content Type ◽  
Over Time

Purpose The purpose of this paper is to evaluate dairy farm financial performance over time utilizing farm financial ratios from three university business analysis programs. The evaluation includes measures of profitability, solvency, and liquidity by herd size. Design/methodology/approach Financial ratios to reflect profitability (rate of return on assets), solvency (debt to asset ratio), and liquidity (current ratio) were collected from Cornell University, Michigan State University, and the University of Wisconsin for dairy farms from 2000 to 2012. The distribution of farm financial performance using these ratios was examined over time and by herd size. Variance component methods are used to examine the percent of variation due to individual firm and industry aspects. A simple credit risk score is calculated to examine relative farm risk. Findings Dairy farm profitability performance is similar across herd sizes in poor years but larger herds realized significantly more profitability in good years. Findings were similar with respect to liquidity. Large herds consistently carried relatively more debt. Large herds’ financial performance was more uniform than across smaller herds. Larger herds had more financial risk as measured by credit risk scoring but recovered quickly to industry averages in profitable years. Originality/value The variation of dairy farm financial performance in an era of volatile milk and feed price is assessed. The results have important implications for farm financial management and benchmarking farm financial performance. In addition to helping to evaluate the efficacy of various price and income risk management tools, these results have important implications for understanding the benefits of the new federal Margin Protection Program for Dairy that is available to all US dairy farmers.

scholarly journals Dairy Farm Management and Long-Term Farm Financial Performance

2002 ◽  
Vol 31 (2) ◽  
pp. 233-247 ◽  
Author(s):  
Brent A. Gloy ◽  
Jeffrey Hyde ◽  
Eddy L. LaDue
Keyword(s):  
New York ◽  
Financial Performance ◽  
Financial Management ◽  
Fixed Effects ◽  
Production Management ◽  
Positive Impact ◽  
Dairy Farm ◽  
Farm Size ◽  
Accounting System ◽  
Management Factors

The financial performance and relationships between several management factors and financial performance are examined in a panel of 107 New York dairy farms. A panel regression model with fixed effects is estimated in an effort to identify management factors that influence profitability. The model is estimated with two-stage least squares to account for endogenous farm size and debt use variables. Production management factors such as farm size, rate of milk production, and milking system had a positive impact on farm profitability. Financial management variables for the type of accounting system used and the debt use were also significantly related to profitability. Unlike the findings of many other studies, measures of human capital did not have a statistically significant impact on profitability.

scholarly journals Financial Management Training in Order to Improve the Financial Performance of Micro Enterprises in Kecamatan Kramatwatu Kabupaten Serang [Pelatihan Pengelolaan Keuangan dalam Rangka Meningkatkan Kinerja Keuangan Usaha Mikro di Kecamatan Kramatwatu Kabupaten Serang]

2019 ◽  
Vol 2 ◽  
pp. 706
Author(s):  
Denny Putri Hapsari ◽  
A. Andari ◽  
Dian Maulita
Keyword(s):  
Data Collection ◽  
Financial Performance ◽  
Financial Management ◽  
Management Training ◽  
Working Capital ◽  
Financial Reports ◽  
Financial Report ◽  
Business People ◽  
Micro Enterprises

The main problem faced by micro business in Kramat Watu is the financial management of the business. They still combine the needs of working capital with household needs. Every expenditure related to business activities with expenses related to household needs has never been recorded so that it is difficult to determine the amount of profit earned from the business. The purpose of this training is to help business people in Kramat Watu in compiling books that are simple but can produce the required financial reports in accordance with existing standards. The method used in this training is a demonstration that is making bookkeeping directly demonstrated in front of the participants so that participants can immediately see, and follow how the initial bookkeeping process becomes a financial report of the actual transactions that usually occur in the micro business production activities. While data collection is done by means of observation, interviews, and documentation. Based on the results of the discussion it can be concluded that there was an increase in understanding of financial management for micro-entrepreneurs after training.

scholarly journals JURNAL ANALISIS KINERJA KEUANGAN SEBELUM DAN SESUDAH PENERAPAN PPK-BLUD PADA RSUD KARDINAH

2017 ◽  
Vol 1 (1) ◽  
Author(s):  
Debby Firoeza Indiany ◽  
Dien Noviany Rahmatika ◽  
Jaka Waskito
Keyword(s):  
Financial Performance ◽  
Financial Management ◽  
Secondary Data ◽  
Profit Margin ◽  
Wilcoxon Test ◽  
Return On Equity ◽  
Financial Ratio ◽  
Fixed Assets ◽  
Before And After ◽  
Turn Over

RSUD Kardinah Kota Tegal in December, 2008 has been designated as Badan Layanan Umum Daerah (BLUD), then since January 2009 has done changes management finances, with the financial management apply system that is called “Pola Pengelolaan Keuangan Badan Layanan Umum Daerah” (PPK – BLUD). This study aimed to analyze the diffrerences in financial performance RSUD Kardinah based on (1) the ratio of the vulnerability, the aspects of return of assets, return on equity, gross profit margin and net profit margin. (2) liquidity ratios include aspects of current ratio, quick ratio and cash ratio (3) solvency ratios include aspects of debt ratios, debt to equity ratio and times interest earned ratio, and (4) the ratio of activity includes aspects of accounts receivable turn over, inventory turn over, fixed assets and total assets turn over before and after implementing PPK-BLUD. This study classified quantative descriptive research the type of data used is secondary data obtained from the annual financial statements of RSUD Kardinah, the period before implementing ppk – blud (2002 – 2008) and after implementing ppk – blud (2009 – 2015). The analytical method used is a diferrent test to test the hypothesis using wilcoxon test with an error rate (alpha) of 5%. The result of this study conclude, there are no significant differences in financial performance based suspectible ratio, liquidity ratio and activity ratio on RSUD Kardinah before and after implementing of PPK-BLUD. There are significant differences in the aspect ratio of the activity inventory turn over snd fixed assets turn over before and after implementing of PPK – BLUD. The implementation of the PPK – BLUD in hospitals Kardinah not give any significant changes to be seen from the ratio financial ratio, but there is an increase in the trend sharp against the income operations hospital after the implementation of PPK – BLUD. Keywords : PPK-BLU, financial ratio analysis, financial performance, Wilcoxon Siged Ranks Test

scholarly journals KINERJA PENGELOLAAN KEUANGAN DAERAH DALAM MENINGKATKAN ANGGARAN PENDAPATAN DAN BELANJA DAERAH KOTA PALEMBANG PROVINSI SUMATERA SELATAN

2018 ◽  
Vol 3 (2) ◽  
pp. 383
Author(s):  
Krisnawati Arum Kusuma Wardhani
Keyword(s):  
Local Government ◽  
Financial Performance ◽  
Performance Management ◽  
Performance Indicators ◽  
Financial Management ◽  
High Rate ◽  
Regional Income ◽  
Regional Finance ◽  
Fact Finding ◽  
Personnel Expenditure

This research is aimed to find out how the performance of regional financial management of Palembang City in increasing APBD of Palembang City, and how to proportion of revenue and expenditure target of APBD Kota Palembang. The theory used in this study is the concept of performance analysis of regional finances according to Mahmudi (2010), which examines the performance of management of regional keunagan based on the financial performance indicators of regional income and financial performance of Regional Expenditure during the period of 2010 to 2015. In accordance with the focus, Qualitative design, to describe the state of subject / object of research based on facts that appear or as it is (fact finding). Data collection was done by observation, interview, and documentation technique. The result of research shows that the growth of APBD from the side of regional income shows that there is a trend of revenue increase from PAD post, but in general the balancing fund positions still dominate the regional income, so that the high rate of regional dependency is balanced fund. While from the side of regional expenditure, it is envisaged that every year the Local Government of Palembang City always allocates a larger budget to the indirect spending group. This indicates that the Local Government of Palembang City still allocates more budget for things that are not directly related to the implementation of the program such as personnel expenditure in the form of salaries and allowances regulated in law, interest expenditure, grant expenditure, social assistance expenditure, Results to provinces / districts / municipalities and village governments, unexpected financial aid and shopping expenditures.Keywords: Performance, Management, Regional Finance.

scholarly journals ANALISIS PELAKSANAAN MANAJEMEN PEMUSATAN PENDIDIKAN DAN LATIHAN OLAHRAGA BAGI PUSAT PEMBINAAN LATIHAN MAHASISWA (PPLM) CABANG OLAHRAGA TARUNG DERAJAT KOTA BANDA ACEH

2020 ◽  
Vol 7 (1) ◽  
pp. 74-89
Author(s):  
Munzir ◽  
Irfandi
Keyword(s):  
College Student ◽  
Organizational Structure ◽  
Financial Management ◽  
Management Training ◽  
Training Center ◽  
Training Development ◽  
Student Training ◽  
Development Center ◽  
The City ◽  
Banda Aceh

This study aims to: (1) Determine the organizational structure of the Banda Aceh City Training Center (PPLM) fighting class (2) Know the stages of the process carried out in the recruitment of athletes at the Banda Aceh City Level Training Center for Students Training (3) Knowing management of facilities and infrastructure in supporting the achievements of athletes of the Center for Student Training Development (PPLM) fighting the Banda Aceh City. (4) Knowing the implementation of financial management in the Center for the Training of Student Training (PPLM) fighting the Banda Aceh City degree. (5) Knowing the implementation of the management training of the Tarung College Student Training Development Center (PPLM). The study was conducted at the Central Training Center for Student Training (PPLM) fighting in the city of Banda Aceh. This research uses descriptive qualitative method. The unit of analysis is the Central Training Center for Student Training (PPLM) fighting in the city of Banda Aceh. (1) Organizational Structure of the Center for Training of Students Training (PPLM) fighting in the city of Banda Aceh has been good which already has elements of the organization that continues to strive to facilitate athletes to excel. (2) The process of recruiting athletes has been carried out well because it is very selective and in accordance with the criteria / marking as determined by the standards of the Ministry of Youth and Sports of the Republic of Indonesia (3) The implementation of facilities and infrastructure management is not good, this is because the supporting media for PPLM athlete facilities is not yet complete and only utilize what is there. (4) The implementation of financial management has been carried out well because it is in accordance with their respective portions. (5) The implementation of training management in the Tarung College Student Training Development Center (PPLM) has been going well. Considering the allocation of funds from the APBN and ABPD which is limited to each year, so that management only maximizes in accordance with the allocation of existing funds. Abstrak Penelitian ini bertujuan: (1) Mengetahui struktur organisasi Pusat Pembinaan Latihan Mahasiswa (PPLM) tarung derajat Kota Banda Aceh (2) Mengetahui proses tahapan yang dilakukan dalam perekrutan atlet di Pusat Pembinaan Latihan Mahasiswa (PPLM) tarung derajat Kota Banda Aceh (3) Mengetahui manajemen sarana dan prasarana dalam mendukung prestasi atlet Pusat Pembinaan Latihan Mahasiswa (PPLM) tarung derajat Kota Banda Aceh. (4) Mengetahui pelaksanaan manajemen keuangan di Pusat Pembinaan Latihan Mahasiswa (PPLM) tarung derajat Kota Banda Aceh. (5) Mengetahui pelaksanaan manajemen latihan Pusat Pembinaan Latihan Mahasiswa (PPLM) tarung derajat Kota Banda Aceh. Penelitian dilaksanakan di Balai Pusat Pembinaan Latihan Mahasiswa (PPLM) tarung derajat Kota Banda Aceh. Penelitian ini menggunakan metode diskriptif kualitatif. Unit analisisnya adalah Balai Pusat Pembinaan Latihan Mahasiswa (PPLM) tarung derajat Kota Banda Aceh. (1) Struktur Organisasi Pusat Pembinaan Latihan Mahasiswa (PPLM) tarung derajat Kota Banda Aceh sudah sudah baik dimana sudah memiliki unsur-unsur organisasi yang terus berupaya memfasilitasi atlet untuk berprestasi. (2) Proses perekrutan atlet sudah dilaksanakan dengan baik karena sangat selektif dan sudah sesuai dengan kriteria/ bencmarking sebagaimana yang ditentukan oleh standar Kemenpora Republik Indonesia (3) Pelaksanaan manajemen sarana dan prasarana kurang baik, hal ini dikarenakan media pendukung fasilitas atlet PPLM belum lengkap sepenuhnya dan hanya memanfaatkan apa yang ada saja. (4) Pelaksanaan manajemen keuangan telah dilaksanakan dengan baik karena sudah sesuai dengan porsinya masing-masing. (5) Pelaksanaan manajemen latihan di Pusat Pembinaan Latihan Mahasiswa (PPLM) tarung derajat Kota Banda Aceh sudah berjalan dengan baik. Mengingat alokasi dana dari APBN dan ABPD yang terbatas pada setiap tahunnya, sehingga pengelolaan hanya memaksimalkan sesuai dengan alokasi dana yang ada. Kata Kunci:   Pelaksanaan Manajemen PPLM, Struktur Organisasi, Perekrutan Atlet, Manajemen Sarana Prasarana Manajemen Keuangan Dan Latihan

scholarly journals UPAYA PENINGKATAN KUALITAS PAUD PUTIH MELATI KELURAHAN MERGOSONO KECAMATAN KEDUNGKANDANG MALANG MELALUI PENDIDIKAN ANAK USIA DINI DAN PENINGKATAN KUALITAS PENDIDIK

2020 ◽  
Vol 7 (1) ◽  
pp. 5
Author(s):  
Nilawati F ◽  
Baroroh L ◽  
Farika N ◽  
Achmad Z ◽  
Yosi A
Keyword(s):  
Early Childhood ◽  
Financial Management ◽  
Teaching And Learning ◽  
Management Training ◽  
Educational Game ◽  
Transfer Of Knowledge ◽  
National Education ◽  
National Education System ◽  
Service Activities ◽  
Financial Administration

In Indonesia, the age between 0-6 years is agreed, which is explained in article 28 of the Law on the National Education System no. 20 of 2003 paragraph 1 explained that "early childhood is a child who falls in the age range of 0-6 years". Thus it can be stated that early childhood is a child in the range of 0-6 years who have growth and development according to their characteristics. In Mergosono Sub-District, Kedungkandang District, there are 6 (six) Pos PAUD. Pos PAUD Putih Melati is one of the Pos PAUD located in RW 1, Mergosono Sub-District, Kedungkandang District. This Pos PAUD was created with the aim of meeting the needs of the surrounding community, especially with regard to early childhood education. So far, Pos PAUD have been managed more based on principles from, by and for the community. The method used in this PkM is the transfer of knowledge and discussion of problems. The implementation of activities in the form of management training and financial administration of Pos PAUD, procurement of Educational Game Equipment (APE), procurement of APE storage lockers, and procurement of Pos PAUD financial administration books. Financial Management and Administration Training for the managers of Pos PAUD Putih Melati was the result of the initial discussion. Based on the results of the discussion it was found that the Pos PAUD Putih Melati manager experienced obstacles in terms of financial management and administration. Therefore, dedication was carried out in the form of providing material related to the management and financial administration of Pos PAUD Putih Melati. Overall, the service activities carried out at the Pos PAUD Putih Melati can be said to be successful. This success is not only measured by the four components above, it can also be seen from the participants' satisfaction after participating in the activities and the use of APE by students of the Pos PAUD Putih Melati. Based on the results of the implementation of the dedication that has been carried out, several suggestions can be submitted, namely: 1) The time of the implementation of the service activities needs to be increased so that the objectives of the activity can be fully achieved. 2) The existence of follow-up activities in the form of similar training is always held periodically so as to improve the ability of teachers to carry out the teaching and learning process.

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