Showing 1 - 10 of 28
This article integrates fuzzy set theory in Data Envelopment Analysis (DEA) framework to compute technical efficiency scores when input and output data are imprecise. The underlying assumption in convectional DEA is that inputs and outputs data are measured with precision. However, production...
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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...
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In this paper, a dynamic optimization model was developed to simulate how farm-level realized price and profitability respond to yield change which was induced by climate change. Producers' acreage response was included in the dynamic model considering crop rotation effect. In the crop rotation...
Persistent link: https://www.econbiz.de/10009020976
Dairy production in the US has experienced a marked increase in the size of dairy operations over time. Even as total production has grown over time, smaller operations have been disappearing. Consequently, the viability of smaller dairy farms has become an important policy concern in regions...
Persistent link: https://www.econbiz.de/10009021082
This study determines efficiency drivers, scale and technical efficiencies, and other economic performance measures for Southeastern U.S. meat goat farms. We estimate an input distance function (IDF) using stochastic production frontier (SPF) techniques. Empirical Monte Carlo (MC) simulation...
Persistent link: https://www.econbiz.de/10011068601
This research examines the robustness of four different estimation approaches to evaluate their ability to estimate a “true” cost frontier and associated economic measures. The manuscript evaluates three parametric methods including a two-sided error system, OLS with only positive errors,...
Persistent link: https://www.econbiz.de/10011068633
Faster agricultural development requires understanding whether the inverse land size-yield relationship exists or not. To verify the presence of this relationship, this study decomposes a yield index into separate components attributable to (1) efficiency, (2) soil quality, (3) land size, (4)...
Persistent link: https://www.econbiz.de/10011068654