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...

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...