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An Examination of the Relationship Between Overall Inefficiency and Farm Characteristics

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  • Langemeier, Michael
  • Bradford, Kelly

Abstract

This paper examined the relationship between overall inefficiency and farm characteristics such as farm size, years of farm experience, percent of time devoted to farming, educational level, record keeping system, percent acres owned, organizational structure, and farm type. Overall inefficiency was significantly related to farm size, years of farm experience, percent of time devoted to farming, and percent acres owned. Farms in the top quartile in terms of overall inefficiency had lower levels of inefficiency, were larger, had less experience, devoted more of their time to farming, and owned relatively fewer acres.

Suggested Citation

  • Langemeier, Michael & Bradford, Kelly, 2006. "An Examination of the Relationship Between Overall Inefficiency and Farm Characteristics," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2006, pages 1-8.
    • Handle: RePEc:ags:jasfmr:190693
    DOI: 10.22004/ag.econ.190693
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    References listed on IDEAS

    as
    1. Purdy, Barry M. & Langemeier, Michael R. & Featherstone, Allen M., 1997. "Financial Performance, Risk, And Specialization," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 29(1), pages 1-13, July.
    2. Mishra, Ashok K. & El-Osta, Hisham S. & Johnson, James D., 1999. "Factors Contributing To Earnings Success Of Cash Grain Farms," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 31(3), pages 1-15, December.
    3. Gloy, Brent A. & Hyde, Jeffrey & LaDue, Eddy L., 2002. "Dairy Farm Management and Long-Term Farm Financial Performance," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 31(2), pages 1-15, October.
    4. Gloy, Brent A. & Hyde, Jeffrey & LaDue, Eddy L., 2002. "Dairy Farm Management and Long-Term Farm Financial Performance," Agricultural and Resource Economics Review, Cambridge University Press, vol. 31(2), pages 233-247, October.
    5. Ford, Stephen A. & Shonkwiler, J. S., 1994. "The Effect of Managerial Ability on Farm Financial Success," Agricultural and Resource Economics Review, Cambridge University Press, vol. 23(2), pages 150-157, October.
    6. Chavas, Jean-Paul & Aliber, Michael, 1993. "An Analysis Of Economic Efficiency In Agriculture: A Nonparametric Approach," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(01), pages 1-16, July.
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    Cited by:

    1. Williams, John & McSweeney, Peter & Salmon, Robert, 2014. "Australian Farm Investment: Domestic and Overseas Issues," Papers 234408, University of Melbourne, Melbourne School of Land and Environment.
    2. Tim Lefroy & James Key, 2018. "Determinants of Broadacre Farming Efficiency in Western Australia: A Stochastic Frontier Analysis," Economic Papers, The Economic Society of Australia, vol. 37(2), pages 180-196, June.
    3. Yeager, Elizabeth & Langemeier, Michael, 2009. "Measuring Sustained Competitive Advantage for a Sample of Kansas Farms," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2009, pages 1-12.
    4. Snider, Lindsey & Langemeier, Michael R., 2009. "A Long-Term Analysis of Changes in Farm Size and Financial Performance," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 45915, Southern Agricultural Economics Association.

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