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| Andreu, Monica Lopez; Featherstone, Allen M.; Langemeier, Michael R.; Grunewald, Orlen C.. |
| This article establishes the cost-efficiency frontier and its variation over time for a sample of 610 farms in Kansas for ten consecutive years, from 1995 to 2004. The primary objective consists of examining how financially constrained firms affect cost efficiency and its components, allocative, technical and scale efficiency. Using a sample from the Kansas Farm Management Association and data envelopment analysis (DEA) technique, each farm is measured against the rest of the sample to calculate the cost efficiency frontier and other measures of efficiency per year. Two DEA financially constrained models, constrained by solvency and level of debt of the firms respectively, are compared to the basic one in which firms are non-constrained. We test whether... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2006 |
URL: http://purl.umn.edu/21406 |
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| Andreu, Monica Lopez; Grunewald, Orlen C.. |
| This paper uses two different techniques to measure efficiency in a panel of two hundred multi-product Kansas farms from the period 1984 to 2004. The non-parametric linear programming technique, Data Envelopment Analysis (DEA); and a parametric stochastic frontier approach, a translog production function, are used to calculate and then compare efficiencies measures including pure efficiency, technical, scale and allocative. Production, financial, and demographic variables are used to identify and quantify the causes of inefficiencies. We expect to find variables such as hours of family labor, owned versus rented farm, intensity of production, farmers´ risk attitudes and farmers´ age, significant in explaining farm inefficiency levels in Kansas farms. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2006 |
URL: http://purl.umn.edu/35283 |
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