KnowQuest Inc., Canada
Agostino Menna has committed to research, entrepreneurship, startups and venture capital. His research interests centre around 3 key themes: 1. Entrepreneurship and commercialization strategies; 2. Global Innovation Agriculture Technology 3. The intersection of entrepreneurship and economics. He has Founded small education support services company KnowQuest Inc. and restructured company in 2018.
Recognizing the importance of entrepreneurship to the success of farming, the central objective of this study is to develop a conceptual framework for classifying farming environments for market success. A comprehensive investigation of the general literature dealing with profitability and efficiency measures was undertaken to identify appropriate theoretical constructs and provide empirical support from which to develop a farming framework. From that review, it was ascertained that farm environments are influenced by many factors which dictates the choice of strategy, the type of innovation, the level of commercial risk and profit potential facing farms and farm start-ups (Diederen et. al., 2003; Walsh, 2012). Moreover, farming environments in this study are defined as net profit margin (profitability) and operating expenses as a percentage of sales (efficiency).
Another objective of this study is to determine if certain regions in Ontario encourage or discourage agriculture entrepreneurial opportunities by establishing appropriate metrics to help identify which farming environments exists within those regions. Data was obtained from the Ontario Ministry of Agriculture, Food and Rural Affairs. Two cluster analysis was applied to distribute using regions and farm size, as determined by profitability and efficiency in Ontario and placed into their respective farming environments.
This study advances research in agriculture entrepreneurship for three reasons. First, the conceptual framework displays the diversity in profitability of farming in an aggregated approach using regions and farm size. Second, it identifies strategies within those environments where farmers are able to maximize returns using a profit theory approach. Using the established framework, this study provides an indication of which regions and farm size are able to get the optimum return on investment in Ontario.
- Agriculture Engineering
- Agriculture and Food Security
- Plant Science
- Agronomy and Crop Science
- Precision Agriculture and Environment
- Agroforestry and Landscaping
- Soil Science and Water Management
- Crop Protection and Entomology
- Greenhouse and Horticulture
- Livestock/Animal Farming and Genetic Engineering