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| Registros recuperados: 41 | |
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| Rowland, William W.; Langemeier, Michael R.; Schurle, Bryan W.; Featherstone, Allen M.. |
| This study evaluates the economic competitiveness of a sample of Kansas farrow-to-finish operations by estimating relative firm efficiency using nonparametric mathematical programming techniques. Measures of technical, allocative, scale, economic, and overall efficiency are then related to farm characteristics to identify sources of efficiency. Results indicate that overall efficient farms produce a high quantity of pork per litter, produce a portion of their own feed grains, generate a large portion of their income from swine and other livestock enterprises, and have a lower debt-to-asset ratio. |
| Tipo: Journal Article |
Palavras-chave: Cost frontier; Farrow-to-finish; Minimum efficient scale; Overall efficiency; Livestock Production/Industries; Productivity Analysis. |
| Ano: 1998 |
URL: http://purl.umn.edu/15084 |
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| Langemeier, Michael R.; Schroeder, Ted C.; Mintert, James R.. |
| Data from a western Kansas feedlot were analyzed to estimate the quantitative impacts of price and performance variables on profits per head from finishing cattle. Sale prices, feeder prices, and corn prices had the most impact on profit variability over time. Differences in sale prices, feeder prices, and feed conversions were important in explaining the difference in steer and heifer profits over time. Results suggest that breakeven prices should be calculated for a range of fed cattle, feeder, and corn prices, and that these three variables need to be stochastic in representative farm modeling efforts. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1992 |
URL: http://purl.umn.edu/29637 |
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| Featherstone, Allen M.; Langemeier, Michael R.; Ismet, Mohammad. |
| Competitive pressures in the cow-calf sector increased in 1995 because of a decline of 27% in calf prices. Technical, allocative, and scale efficiency measures were used to examine the competitiveness of a sample of Kansas beef cow farms. On average, the farms were 78% technically efficient, 81% allocatively efficient, and 95% scale efficient. Enterprise profitability was correlated positively with the efficiency measures. Inefficiency was related to herd size and degree of specialization. Producers should focus on using capital, feed, and labor more efficiently rather that increasing their size. Increased concentration of the cow-calf sector will not result in large cost savings given the current technology. |
| Tipo: Journal Article |
Palavras-chave: Beef cow; Industry structure; Nonparametric efficiency; Productivity Analysis. |
| Ano: 1997 |
URL: http://purl.umn.edu/15547 |
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| Sankranti, Sridhar; Langemeier, Michael R.. |
| This paper examines the technical efficiency (TE) of a sample of farms in North-Central Kansas practicing conventional and no-till practices. A stochastic frontier production model with technical inefficiency effects is used to obtain individual farm TE values and to explain sources of technical inefficiency. The results indicate that TE is not impacted by no-till practices. Revised paper posted to AgEcon Search 02/11/04 |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2004 |
URL: http://purl.umn.edu/34632 |
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| Featherstone, Allen M.; Langemeier, Michael R.; Haverkamp, Kent. |
| The objective of this paper is to examine credit migration of individual Kansas farms from 1980-2003. Individual farm data collected from the Kansas Farm Management Data Bank are employed. From 1980 to 2003 these farms had an average credit rating equivalent to a Standard and Poor's B classification, which represents a vulnerable to adequate borrower. Farms in consecutive periods showed the largest tendency to remain in the same ratings category, with smaller tendencies to increase or decrease in credit quality. When movement did take place, there was a high likelihood of only a one category movement. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance. |
| Ano: 2006 |
URL: http://purl.umn.edu/35309 |
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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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| Registros recuperados: 41 | |
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