A study of causes of financial distress on development process in Farming Business

通过对农业企业财务数据的分析，明确了农业企业财务困境的先行指标和财务指标的标准水平及排序划分。以北海道大规模蔬菜种植为例，分析了与发展过程平行的财政困境的主要因素。这些数据表明，随着O-157食物中毒事件的发生，市场价格大幅下跌是金融困境的一个外生因素。另一方面，金融危机的内生因素很可能是过度投资和人为失误。

We analyzed financial data of farming business to clarify the leading indicator of the financial distress and standard level of financial index and ranking division. The primary factor of the financial distress which parallels to development process was analyzed on large-scale vegetable farming in Hokkaido as a case. These data suggest that an exogenous factor of the financial distress is market price falls considerably with the occurrence in the food poisoning incident with O-157. On the other hand, it is likely that endogenous factors of financial distress are over-investment and human error.