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A Long-Term Analysis of Changes in Farm Size and Financial Performance AgEcon
Snider, Lindsey; Langemeier, Michael R..
This paper examined the changing structure of farms in Kansas. Specifically, changes in farm size, farm type, financial performance, and economies of size were examined using five-year moving averages from 1973 to 2007. Convergence analysis was used to determine whether small farms are catching up to larger farms or whether the difference in performance between these two groups of farms was widening. Results suggested that the gaps between the small farms and large farms have widened.
Tipo: Conference Paper or Presentation Palavras-chave: Economies of Size; Financial Performance; Farm Management; Production Economics; D21.
Ano: 2008 URL: http://purl.umn.edu/45915
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Marginal Propensity to Consume for a Sample of Kansas Farms AgEcon
Langemeier, Michael R.; Snider, Lindsey.
This paper examined the marginal propensity to consume (MPC) for a sample of Kansas farms. Sensitivity of estimated MPCs to the use of accrual net farm income, net cash farm income, and the inclusion of off-farm income was also examined. Results yielded a range of short-run MPCs from 0.011 to 0.015. Statistical tests suggested that the income coefficients used to compute short-run MPCs were not statistically different.
Tipo: Conference Paper or Presentation Palavras-chave: Farm Consumption; Habit Persistence; Agricultural Finance; Farm Management; E21.
Ano: 2008 URL: http://purl.umn.edu/45971
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