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A cost curve for livestock auction markets was estimated using a frontier function estimator. This estimator has the advantages of consistency and asymptotic efficiency (for certain disturbance specifications). The one-sided residuals satisfy theoretical requirements for cost curves and allow...
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The purpose of the analysis is to forecast livestock and poultry numbers for New England and the U. S. The effect of increasing feed transportation rates on these numbers is also examined. The direct estimates of the reduced form equations are utilized in forecasting numbers for seven livestock...
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Seasonal incentive plans, such as the base-excess plan, have been initiated to encourage producers to shift their production to be more similar to seasonal consumption patterns. The effectiveness of the seasonal incentive plan was evaluated by examining Maryland milk production data for the...
Persistent link: https://www.econbiz.de/10010880725
This paper presents estimates of technical efficiency in milk production based on Farrell's non-parametric frontier production function methodology. Data from a sample of Maine and Vermont dairy farms, included in the ELFAC business analysis for 1979, were used to derive Efficient Unit Isoquants...
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