Using the non-parametric linear programming approach, this study examines overall efficiency gains due to diversification between crop and livestock enterprises for a sample of Kansas farms. Overall efficiency gains were decomposed into scope efficiency gains and scale efficiency gains. Farms...

The proportions of land values generated by farm program payments and farm returns are examined using an extended income capitalization model. The extended income capitalization model addresses the identification issue introduced by the counter-cyclical nature of farm program payments and farm...

The objective of this paper is to examine the potential impacts of crop insurance on farm economic structure using Nebraska county level data from 1980-1998. Using a profit function we fit input demand and output supply equations accounting for insurance premiums and indemnities to examine the...

Replaced with revised version of paper 07/16/05.

This study investigates the impact of risk preferences on economic efficiency scores. Risk averse individuals may be less likely to adopt new technologies and have lower production levels than individuals with other risk preferences. Nonparametric techniques are used to estimate cost and revenue...

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,...

This study used 30 years of continuous data for 135 farms in Kansas to explore changes in productivity using Malmquist productivity indices. The indices were used to determine whether there was productivity convergence or divergence in Kansas farms. The results showed that there was significant...

Using a nonparametric linear programming approach, our contribution is to examine if efficiency gains in Western crop production are realized due to diversification and to demonstrate that the diversification efficiency gains realized are a product of economies of scope efficiency gains and...