A Two-Tiered Benchmarking Analysis for Cost Management
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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.