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A study on Farm Business UK Assignment

   

Added on  2021-01-02

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A study on Farm Business UK  Assignment_1
TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
Background..................................................................................................................................1
Aim and Objectives.....................................................................................................................1
Research Hypothesis....................................................................................................................1
Literature review..........................................................................................................................2
MAIN BODY..................................................................................................................................2
1. Summary of all variable...........................................................................................................2
2. Histogram of farm business income........................................................................................4
3. Descriptive and T-test of hourly work done by farm household hourly work done by hired
labour...........................................................................................................................................5
4. Testing association with ANOVA and of farm business income and types of farm...............6
5. Analysing correlation of variables...........................................................................................9
6. Cluster analysis on several variables.....................................................................................10
7. Regression analysis on several variables...............................................................................13
CONCLUSION..............................................................................................................................18
REFERENCES..............................................................................................................................18
A study on Farm Business UK  Assignment_2
INTRODUCTION
Background
In the present report, there will be analysis made on variables based on Farm Business Survey in UK. Thus, it will be analysed
through considering the expenses, labour hour, types of farm and revenue generated by them. There will be implication of statistical
tools such as on which researcher will measure descriptive, Two tailed t-test, ANOVA, correlation, regression and cluster. However,
these tests have been used by scholar to generate accurate outcomes which will be reliable in assistive in terms of creating an effective
knowledge. This survey will be studied on the basis of various research questions
Aim and Objectives
Aim: “To investigate the impact of farm type on business income, expenses, labour hour and size of the farm- A study on Farm
Business UK”
Objectives:
To identify the changes in farm income due to various expenses involved in the business.
To demonstrate the changes in farm types affects the farm size and area of land owned.
Research Hypothesis
Hypothesis (1)
Null hypothesis: There is no mean significant differences between the working hours of casual workers and hired workers in farm
business
Alternative hypothesis: There is mean significant differences between the working hours of casual workers and hired workers in farm
business
Hypothesis (2)
Null hypothesis: There is no mean significant relationship between Farm business income and types of farm
Alternative Hypothesis: There is a mean significant relationship between Farm business income and types of farm
1
A study on Farm Business UK  Assignment_3
Hypothesis (3):
H0: There is no mean significant relationship between labour expenses (both paid and casual), Rent paid and Farm business
income.
H1: There is a mean significant relationship between labour expenses (both paid and casual), Rent paid and Farm business
income.
Hypothesis (4):
H0: There is no mean significant relationship between farm size, land area owned and farm business income.
H1: There is a mean significant relationship between farm size, land area owned and farm business income.
Literature review
As introduced by Babbie, Wagner III and Zaino, (2018), there have been impacts of various variables on the farm’s income. It
includes several sources such as labour, size, land area as well as types of farm. It is required by the farmers in managing all the
elements as well as making adequate control over all the resources which will lead them in retaining the beneficiary success. Zhang,
and Li, (2018) stated that, impacts of such variations are mainly on the product in process and time for the completion of the job to be
done. Thus, the min factor is environment and labour force used in this process.
MAIN BODY
1. Summary of all variable
In accordance with analysing the summary of all the variables which has been used by the researchers there will be use of
Descriptive analysis (Wiedermann and Li, 2018). Thus, such analysis helps in identifying effective outcomes and summary of the data
set. Descriptive represent mean, mode, median and standard deviation of variables on which researchers will evaluate the summary of
all sources.
Descriptive Statistics
2
A study on Farm Business UK  Assignment_4
N Range Minimum Maximum Mean Std.
Deviation
Variance
Statistic Statistic Statistic Statistic Statistic Std. Error Statistic Statistic
FarmID 2361 52147 1644 53791 33612.32 291.948 14185.798 201236857.577
Farm Size (Standard
Labour
Requirements)
2361 707.6986 .0711 707.7697 4.902320 .3442664 16.7279461 279.824
Land Area Owned
(hectares) 2361 2645.1600 .0000 2645.1600 96.860699 2.9038138 141.0966683 19908.270
Total hours worked
on farm
(farmer+spouse+other
unpaid labour)
2361 11818.0000 2.0000 11820.0000 3229.587463 34.0783417 1655.8707956 2741908.092
Paid Farm Labour
(hours) 2361 5449860 0 5449860 45901.39 4078.018 198151.408 39263980520.412
Cost of Capital 2361 8287173.5 5083.0 8292256.5 451336.637 11822.3362 574448.7616 329991379744.656
Paid Labour
Expenses - Hired
Regular Labour (£)
2361 3155944 0 3155944 33310.36 2700.510 131218.124 17218196086.005
Paid Labour
Expenses - Casual
Labour (£)
2361 4783067 0 4783067 12580.56 2511.882 122052.643 14896847663.222
Farm Business
Income (£) 2361 2602391 -791129 1811262 40345.50 2168.742 105379.428 11104823811.897
Rent Paid - Land
& Buildings (£) 2361 805709 0 805709 15451.12 817.253 39710.417 1576917256.486
Robust farm types 2361 8 1 9 4.20 .046 2.251 5.068
Valid N (listwise) 2361
3
A study on Farm Business UK  Assignment_5
2. Histogram of farm business income
4
A study on Farm Business UK  Assignment_6

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