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| Mafoua, Edouard; Hossain, Ferdaus. |
| This study used the flexible fixed cost quadratic function to analyze the cost structure of multi-product farms using farm-level panel data. The robustness of estimated parameters are examined using four panel data estimators. Results suggest that scale economies remain significant in Illinois farming. An increase in soybean acreage reduces the marginal cost of producing corn. Firm-specific effects, that indicate the levels of fixed costs, are found to be positive and significant. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2001 |
URL: http://purl.umn.edu/20627 |
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| Mafoua, Edouard. |
| The evidence about the magnitude of scope and scale economies in U.S. cash grain farming is revealed from the empirical estimation of the flexible fixed cost quadratic (FFCQ) model. This framework explicitly disaggregates the crop output vector to take the heterogeneity of output and gives insight to farmers to answer interesting questions such as: Are three-crop farms more cost efficient than two-crop or single-crop farms? How important are economies of scope (fixed-cost and variable-cost components) in two-crop farms and three-crop farms? Two-crop farms as well as three-crop farms exhibit overall economies of scale and scope in all four-size categories that increase with the farm size. They are able to lower the cost of producing crops in the same... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries; Industrial Organization. |
| Ano: 2002 |
URL: http://purl.umn.edu/19734 |
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