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| Beaton, Aaron J.; Dhuyvetter, Kevin C.; Kastens, Terry L.; Williams, Jeffery R.. |
| With increasingly thin margins and new technologies, it is important that farm managers know their cost of field operations on a per unit basis (e.g., acre, ton, bale). Accurate per unit costs give confidence when constructing enterprise budgets and evaluating new technologies, such as no-till. Custom rates are often used as a proxy for per unit costs; however, this research, using entropy and jackknife estimation procedures, found that custom rates understate total ownership and operating costs by approximately 25% for an average Kansas farm. Estimates from these models are then used to benchmark actual costs against expected cost. |
| Tipo: Journal Article |
Palavras-chave: Benchmark; Custom rates; Custom work; Entropy; Jackknife; Machinery costs; Production Economics; Productivity Analysis; Q10; Q12; C51; C60. |
| Ano: 2005 |
URL: http://purl.umn.edu/43720 |
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