Abstract
ABSTRACT The objective of this paper was to analyze financial management practices in dairy production systems. More specifically, we sought to identify which milk producers adopt financial management practices. We conducted 55 semi-structured questionnaires in the Western Region of Parana. The data were processed through descriptive and multivariate statistical analysis. The analysis of hierarchical clusters defined, based on variables related to financial management practices, two distinct groups. The first group included milk producers who do not adopt financial management practices [...]
Highlights
Despite the economic and social importance of Brazilian milk production, the dairy industry still faces obstacles, including management deficiencies and lack of planning in rural properties (FBB and IICA, 2010)
We used Common Factor Analysis, along with structural, technical, productive, and socioeconomic variables to define the three factors that best explained the variance between the clusters: factor 1 - structural; factor 2 - social; factor 3 - informational
For the 55 dairy production systems (DPS) analyzed, the age of producers ranged from 20-71 years, with a mean of 43.6 years
Summary
Despite the economic and social importance of Brazilian milk production, the dairy industry still faces obstacles, including management deficiencies and lack of planning in rural properties (FBB and IICA, 2010). The efficiency, competitiveness, and sustainability of rural enterprises rest on their management capacity (Seymour and Barr, 2014). Despite their importance, financial management tools are not widely used in the Brazilian agricultural sector (Nantes and Scarpelli, 2007; MAPA, 2011). In 2015, a project conducted by the Ministério da Agricultura, Pecuária e Abastecimento (MAPA) to improve the competitiveness of the Brazilian dairy sector, highlighted the importance of rural property management as a development axis for the five main producing states (MAPA, 2011; Abreu, 2015). The state of Paraná is the third largest milk producer in Brazil. Considering the importance of dairy farming for family employment and income, the state sees actions for management improvement as a priority (EMATER, 2014)
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