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A sample of Kansas farms was used to examine the relationship between overall efficiency and farm characteristics. Overall efficiency was significantly related to operator age, farm size, and farm type. Approximately 26.7% of the farms were in the top one-third overall efficiency category for...
Persistent link: https://www.econbiz.de/10005804792
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...
Persistent link: https://www.econbiz.de/10005805285
Persistent link: https://www.econbiz.de/10005742716
This paper examined the marginal propensity to consume (MPC) for a sample of Kansas farms. Sensitivity of estimated MPCs to the use of accrual net farm income, net cash farm income, and the inclusion of off-farm income was also examined. Results yielded a range of short-run MPCs from 0.011 to...
Persistent link: https://www.econbiz.de/10005798605
This paper examined the changing structure of farms in Kansas. Specifically, changes in farm size, farm type, financial performance, and economies of size were examined using five-year moving averages from 1973 to 2007. Convergence analysis was used to determine whether small farms are catching...
Persistent link: https://www.econbiz.de/10005798613
Farm-level data from Illinois and Kansas for the 1991–2007 crops are used to examine the interaction and overlap among crop revenue insurance, Supplemental Revenue Assistance (SURE), and Average Crop Revenue Election (ACRE). Compared with 75% Crop Revenue Coverage Insurance (75% CRCP),...
Persistent link: https://www.econbiz.de/10008489892
The risk attitudes of dryland wheat and irrigated corn enterprises in Kansas have been examined in this paper using the nonlinear mean-standard deviation approach. Our results showed that dryland wheat enterprises are characterized by increasing absolute and increasing relative risk aversion....
Persistent link: https://www.econbiz.de/10005338125
Considerable efforts have been made to provide cow-calf producers with information to help them make informed decisions about adding value to calves. Despite demonstrated market incentives to retain calves, many producers still sell right after weaning. We postulate this observed behavior is...
Persistent link: https://www.econbiz.de/10009645950
In this article, we used bootstrap data envelopment analysis techniques to examine technical and scale efficiency scores for a balanced panel of 564 farms in Kansas for the period 1993–2007. The production technology is estimated under three different assumptions of returns to scale and...
Persistent link: https://www.econbiz.de/10009653574
Purpose – Understanding complex farming organizations is important in the USA given the rapid consolidation of the agricultural production sector. Multiple entity farms arise from a desire to enhance the ability to transfer the farm from one generation to the next, a desire to affect tax...
Persistent link: https://www.econbiz.de/10010561119