Farmer preferences for joint venture farm business structures

CSIRO - Uni of Adelaide & WA

Type: PDF
Knowledge level: Intermediate

Farm Table says:

This research article looks at farmer preferences for joint venture farm business structures, and its interesting to note that farmers are generally open to a variety of joint venture structures.

What is the problem?

Opportunities for new farm business structures to address constraints on small-medium size family farms

What did the research involve?

Are broadacre producers interested in pursuing opportunities to develop joint venture (JV) farm business structures?

  • What joint venture business structure characteristics are most attractive to broadacre grain producers?
  • Are there unique socio-demographic and attitudinal variables associated with interest in different joint venture structures?

What were the key findings?

  • Reasons for considering a joint venture
  • What are the options for joint business structures?

Final comment

There is a small, but significant niche farmer interest in the adoption of JV structures, despite the current low levels of adoption.

  • Farmers are interested in a diverse range of joint venture structure characteristics.
  • Important farmer segments were identified that are more open to collaboration and considering a range of JV decision models.
  • Structures that can accommodate members with different preferences for control need exploring.
2016 - Australia - CSIRO - Uni of Adelaide & WA
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