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13. The impact of management practices on financial performance : evidence from farm businesses in England

Author

Vanhuyse, Fedra

Subjects
630.68
Abstract

The aim of this research was to assess the impact of management practices on the financial performance of farm businesses in England. In addition, it sought to provide insight into the financial performance of the sector. Four farm types (Cereal farms, Dairy farms, Less-favoured Areas Grazing Livestock farms and Lowland Grazing Livestock farms) were selected for this research. First, using the ratios from the DuPont Expansion model (Return on Sales, Asset Turnover, Compound Leverage Factor, Return on Assets and Return on Equity), the results show that Cereal farms consistently perform better than Dairy farms, LFA Grazing Livestock farms and Lowland Grazing Livestock farms, both for the period 2008 to 2013 and in 2011/12, with the exception of Asset Turnover, where Dairy farms achieved the highest performance due to stock management practices, and the duration of the production cycle. Farming does not seem to have issues with liquidity, and the level of indebtedness is low overall. However, low profitability is an issue, which is not necessarily due to cost control, but to falling revenue. Second, management practices, defined as planning, organising, leading and controlling, taking into account the environment to achieve organisational goals, was found to have positive effects on individual farm financial performance, both for all farm types as well as per farm type. In particular, formal planning and benchmarking have positive, statistically significant effects. Highly performing farms (in financial terms) apply management practices more on the farm compared with the lowest 25 percentile of farm businesses. In addition, regression models were estimated to assess the effects of these practices in relation to financial performance. The results showed that increasing in size will also lead to better financial performance for all farm types.

Published
2016

17. Conditional cash transfers to retain rural Kenyan women in the continuum of care during pregnancy, birth and the postnatal period: protocol for a cluster randomized controlled trial

Author

Ochieng, Caroline A., Haghparast-Bidgoli, Hassan, Batura, Neha, Odhiambo, Aloyce, Shannon, Geordan, Copas, Andrew, Palmer, Tom, Dickin, Sarah, Noel, Stacey, Fielding, Matthew, Onyango, Sangoro, Odera, Sarah, Eleveld, Alie, Mwaki, Alex, Vanhuyse, Fedra, and Skordis, Jolene

Published
2019
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18. Implementation of the Afya conditional cash transfer intervention to retain women in the continuum of care: a mixed-methods process evaluation

Author

Dickin, Sarah, primary, Vanhuyse, Fedra, additional, Stirrup, Oliver, additional, Liera, Carla, additional, Copas, Andrew, additional, Odhiambo, Aloyce, additional, Palmer, Tom, additional, Haghparast-Bidgoli, Hassan, additional, Batura, Neha, additional, Mwaki, Alex, additional, and Skordis, Jolene, additional

Published
2022
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19. Implementation of the Afya conditional cash transfer intervention to retain women in the continuum of care : a mixed-methods process evaluation

Author

Dickin, Sarah, Vanhuyse, Fedra, Stirrup, Oliver, Liera, Carla, Copas, Andrew, Odhiambo, Aloyce, Palmer, Tom, Haghparast-Bidgoli, Hassan, Batura, Neha, Mwaki, Alex, Skordis, Jolene, Dickin, Sarah, Vanhuyse, Fedra, Stirrup, Oliver, Liera, Carla, Copas, Andrew, Odhiambo, Aloyce, Palmer, Tom, Haghparast-Bidgoli, Hassan, Batura, Neha, Mwaki, Alex, and Skordis, Jolene

Abstract

Objectives: We report the results of a mixed-methods process evaluation that aimed to provide insight on the Afya conditional cash transfer (CCT) intervention fidelity and acceptability. Intervention, setting and participants: The Afya CCT intervention aimed to retain women in the continuum of maternal healthcare including antenatal care (ANC), delivery at facility and postnatal care (PNC) in Siaya County, Kenya. The cash transfers were delivered using an electronic card reader system at health facilities. It was evaluated in a trial that randomised 48 health facilities to intervention or control, and which found modest increases in attendance for ANC and immunisation appointments, but little effect on delivery at facility and PNC visits. Design: A mixed-methods process evaluation was conducted. We used the Afya electronic portal with recorded visits and payments, and reports on use of the electronic card reader system from each healthcare facility to assess fidelity. Focus group interviews with participants (N=5) and one-on-one interviews with participants (N=10) and healthcare staff (N=15) were conducted to assess the acceptability of the intervention. Data analyses were conducted using descriptive statistics and qualitative content analysis, as appropriate. Results: Delivery of the Afya CCT intervention was negatively affected by problems with the electronic card reader system and a decrease in adherence to its use over the intervention period by healthcare staff, resulting in low implementation fidelity. Acceptability of cash transfers in the form of mobile transfers was high for participants. Initially, the intervention was acceptable to healthcare staff, especially with respect to improvements in attaining facility targets for ANC visits. However, acceptability was negatively affected by significant delays linked to the card reader system. Conclusions: The findings highlight operational challenges in delivering the Afya CCT intervention using the Afya electron

Published
2022
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20. Economic evaluation of a conditional cash transfer to retain women in the continuum of care during pregnancy, birth and the postnatal period in Kenya

Author

Palmer, Tom, primary, Batura, Neha, additional, Skordis, Jolene, additional, Stirrup, Oliver, additional, Vanhuyse, Fedra, additional, Copas, Andrew, additional, Odhiambo, Aloyce, additional, Ogendo, Nicholas, additional, Dickin, Sarah, additional, Mwaki, Alex, additional, and Haghparast-Bidgoli, Hassan, additional

Published
2022
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23. Effectiveness of conditional cash transfers (Afya credits incentive) to retain women in the continuum of care during pregnancy, birth and the postnatal period in Kenya: a cluster-randomised trial

Author

Vanhuyse, Fedra, primary, Stirrup, Oliver, additional, Odhiambo, Aloyce, additional, Palmer, Tom, additional, Dickin, Sarah, additional, Skordis, Jolene, additional, Batura, Neha, additional, Haghparast-Bidgoli, Hassan, additional, Mwaki, Alex, additional, and Copas, Andrew, additional

Published
2022
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25. Cost-effectiveness of conditional cash transfers to retain women in the continuum of care during pregnancy, birth and the postnatal period: protocol for an economic evaluation of the Afya trial in Kenya

Author

Batura, Neha, primary, Skordis, Jolene, additional, Palmer, Tom, additional, Odiambo, Aloyce, additional, Copas, Andrew, additional, Vanhuyse, Fedra, additional, Dickin, Sarah, additional, Eleveld, Alie, additional, Mwaki, Alex, additional, Ochieng, Caroline, additional, and Haghparast-Bidgoli, Hassan, additional

Published
2019
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26. Additional file 2: of Conditional cash transfers to retain rural Kenyan women in the continuum of care during pregnancy, birth and the postnatal period: protocol for a cluster randomized controlled trial

Author

Ochieng, Caroline, Haghparast-Bidgoli, Hassan, Batura, Neha, Aloyce Odhiambo, Geordan Shannon, Copas, Andrew, Palmer, Tom, Dickin, Sarah, Noel, Stacey, Fielding, Matthew, Sangoro Onyango, Odera, Sarah, Eleveld, Alie, Mwaki, Alex, Vanhuyse, Fedra, and Skordis, Jolene

Abstract

Afya secondary data. Information collected on all women who make facility visits in Siaya County, Kenya. (DOCX 36 kb)

Published
2019
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27. Additional file 3: of Conditional cash transfers to retain rural Kenyan women in the continuum of care during pregnancy, birth and the postnatal period: protocol for a cluster randomized controlled trial

Author

Ochieng, Caroline, Haghparast-Bidgoli, Hassan, Batura, Neha, Aloyce Odhiambo, Geordan Shannon, Copas, Andrew, Palmer, Tom, Dickin, Sarah, Noel, Stacey, Fielding, Matthew, Sangoro Onyango, Odera, Sarah, Eleveld, Alie, Mwaki, Alex, Vanhuyse, Fedra, and Skordis, Jolene

Abstract

Annex 11a: Participantâ s information sheet part 1, English. (DOCX 14 kb)

Published
2019
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28. Additional file 1: of Conditional cash transfers to retain rural Kenyan women in the continuum of care during pregnancy, birth and the postnatal period: protocol for a cluster randomized controlled trial

Author

Ochieng, Caroline, Haghparast-Bidgoli, Hassan, Batura, Neha, Aloyce Odhiambo, Geordan Shannon, Copas, Andrew, Palmer, Tom, Dickin, Sarah, Noel, Stacey, Fielding, Matthew, Sangoro Onyango, Odera, Sarah, Eleveld, Alie, Mwaki, Alex, Vanhuyse, Fedra, and Skordis, Jolene

Abstract

Rewarded health visits in the Afya project. (DOCX 27 kb)

Published
2019
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29. Management practices and the financial performance of farms

Author

Vanhuyse, Fedra, Bailey, Alison, and Tranter, Richard

Abstract

Purpose: Farm businesses in England are under pressure to intensify production sustainably while managing costs and meeting market demands. Commodity prices and support from Common Agricultural Policy (CAP) payments are important determinants of profitability. With the United Kingdom (UK) leaving the European Union (EU), revised policy will see farming more exposed to fluctuating commodity prices and financial support from Government more focused on encouraging environmental land management. The research reported here, investigated whether business management practices of farmers influences financial performance, and how policy could be tailored to better meet the needs of farm businesses. Design/methodology/approach: Regression models were estimated for 862 Cereals, Dairy and Livestock farms in England using official data for 2011–2012, in order to assess whether different farm characteristics, business management practices (identified from a systematic review of 102 studies), knowledge acquisition indicators and manager experience had an effect on four different financial performance ratios. The financial performance of the top 25% of the sample was also compared to the bottom 25% in terms of use of business management practices. Findings: The results show that business planning and benchmarking had a positive, statistically significant, effect on financial performance, as do business size and knowledge acquisition, albeit to a lesser extent. Originality/value: The research reported here is the most extensive examination, to date, of the impact of management practices on the financial performance of farms. Thus, it sends strong policy recommendations.

Published
2020
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30. The impact of management practices on financial performance: evidence from farm businesses in England

Author

Vanhuyse, Fedra

Abstract

The aim of this research was to assess the impact of management practices on the financial performance of farm businesses in England. In addition, it sought to provide insight into the financial performance of the sector. Four farm types (Cereal farms, Dairy farms, Less-favoured Areas Grazing Livestock farms and Lowland Grazing Livestock farms) were selected for this research.\ud First, using the ratios from the DuPont Expansion model (Return on Sales, Asset Turnover, Compound Leverage Factor, Return on Assets and Return on Equity), the results show that Cereal farms consistently perform better than Dairy farms, LFA Grazing Livestock farms and Lowland Grazing Livestock farms, both for the period 2008 to 2013 and in 2011/12, with the exception of Asset Turnover, where Dairy farms achieved the highest performance due to stock management practices, and the duration of the production cycle. Farming does not seem to have issues with liquidity, and the level of indebtedness is low overall. However, low profitability is an issue, which is not necessarily due to cost control, but to falling revenue.\ud Second, management practices, defined as planning, organising, leading and controlling, taking into account the environment to achieve organisational goals, was found to have positive effects on individual farm financial performance, both for all farm types as well as per farm type. In particular, formal planning and benchmarking have positive, statistically significant effects. Highly performing farms (in financial terms) apply management practices more on the farm compared with the lowest 25 percentile of farm businesses. In addition, regression models were estimated to assess the effects of these practices in relation to financial performance. The results showed that increasing in size will also lead to better financial performance for all farm types.

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