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Adoption of New Technology

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Adoption of New Technology. Businesses adopt technology at different rates ... Loss of flexibility/farming subculture adherence. Business Goals affect ... – PowerPoint PPT presentation

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Title: Adoption of New Technology


1
Adoption of New Technology
  • Businesses adopt technology at different rates
  • The adoption groups are
  • Innovators-first to adopt 5 of farms
  • Early Majority-most influential to
    others
  • Late Majority
  • Laggards
  • Nonadopters

2
Barriers to Adoption of New Technology
  • Complexity- more complex, greater resistance
  • Divisibility- allows partial adoption
  • Congruence-compatibility with farm and personal
    objectives
  • Economic return
  • Risk Uncertainty
  • Conflicting information
  • Implementation cost
  • Cost of implementation-capital intellectual
  • Loss of flexibility/farming subculture adherence

3
Business Goals affect Purchasing Decisions
  • Research on farm families
  • goals vary-profit,family wellbeing,satisfactio
    n,image, etc.
  • Size and importance of purchase will affect
    how the decision is made-routine purchases do not
    require as much participation/input in the
    decision

4
Results of Four Wisconsin Focus Groups Farm
Decisions
  • Questions Asked of Participants
  • 1. Focus on a long term decision, discussion
    decisionmaking process,factor affecting the
    decision, who made the decision and what
    information sources were used.
  • 2. If your farm enjoyed increased income of
    _____, what would be done with this money, who
    would decide and how would the decision process
    work.

5
Conclusions-farm decisionmaking
  • 1. Long term decisions are made jointly
  • 2. Information sources varied
  • 3. Use of extra money- 50 would save or invest
    off the farm others would reduce work hours, pay
    down debt. Decision is jointly made.

6
Factors affecting decisions
  • Life cycle-age of operators
  • Role of other family members(children) in the
    decision
  • Debt load
  • Off-farm work
  • Long term vs short term deicions
  • Influence of production methods(grazing vs.
    confinement for dairy)
  • Gender roles influence and perceptions of
    decisionmaking
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