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Exploring the Role of Managerial Ability in Determining Firm Efficiency AgEcon
Byma, Justin P.; Tauer, Loren W..
This paper explores the role of management ability in explaining efficiency on New York dairy farms. Using an unbalanced panel of farm data from 1993 through 2004, we estimate input and output-oriented technical efficiencies, cost efficiencies and revenue efficiencies using stochastic frontier functions. We include various input variables as efficiency effects and find lagged net farm income is a preferred measure of management ability over farmers' own estimates of the value of their labor and management. We also find increasing efficiency with operator education, farm size, and extended participation in a farm management program and decreasing efficiency with operator age.
Tipo: Conference Paper or Presentation Palavras-chave: Management and Efficiency; Stochastic Frontier Analysis; Productivity Analysis.
Ano: 2007 URL: http://purl.umn.edu/9792
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Exploring the Role of Managerial Ability in Influencing Dairy Farm Efficiency AgEcon
Byma, Justin P.; Tauer, Loren W..
This paper explores the role of managerial ability in determining efficiency in New York dairy farms. Using an unbalanced panel of farm data from 1993 through 2004, we estimate output-oriented technical efficiencies using stochastic distance frontier functions. We find that both lagged net farm income and farmers’ own estimates of the value of their labor and management as proxies for managerial ability impact measured efficiency. Efficiency increases with operator education, farm size, and extended participation in a farm management program, but decreases with operator age.
Tipo: Journal Article Palavras-chave: Dairy farms; Distance function; Management and efficiency; Stochastic frontier analysis; Production Economics; Productivity Analysis.
Ano: 2010 URL: http://purl.umn.edu/95594
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Fruit Farm Business Summary, Lake Ontario Region, 2005 AgEcon
White, Gerald B.; DeMarree, Alison M.; Byma, Justin P..
This report is a summary of 2005 farm business data collected from 17 fruit farm businesses located in Western New York State. Apples are the predominant fruit crop. The data are presented as averages for all 17 farms. The business analysis includes a balance sheet, income statement, cash flow statement, and several financial and production analyses for the farms. Also included are blank columns for the user to enter his or her own farm data for comparison purposes.
Tipo: Working Paper Palavras-chave: Livestock Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/121921
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