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Toward an Appraisal of the FMHA Farm Credit Program: A Case Study of the Efficiency of Borrowers in Southern Illinois

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  • Mehdian, S.
  • Herr, Wm. McD.
  • Eberle, Phil
  • Grabowski, Richard

Abstract

A production frontier methodology is used to measure the overall efficiency of a sample of farms obtaining credit from the Farmers Home Administration (FmHA) compared to nonparticipants. The study did not find evidence that the efficiency of FmHA farms improved between 1981 and 1984. Results indicate that the overall efficiency of FmHA borrowers is associated with selected financial characteristics of the farms.

Suggested Citation

  • Mehdian, S. & Herr, Wm. McD. & Eberle, Phil & Grabowski, Richard, 1988. "Toward an Appraisal of the FMHA Farm Credit Program: A Case Study of the Efficiency of Borrowers in Southern Illinois," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 20(2), pages 93-100, December.
    • Handle: RePEc:cup:jagaec:v:20:y:1988:i:02:p:93-100_01
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    References listed on IDEAS

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    1. Meeusen, Wim & van den Broeck, Julien, 1977. "Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 435-444, June.
    2. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
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    1. Herr, William, 1991. "Beef packing, beef processing, livestock slaughter, meatpacking costs, computer applications," Staff Reports 278517, United States Department of Agriculture, Economic Research Service.
    2. Boris Bravo-Ureta & Daniel Solís & Víctor Moreira López & José Maripani & Abdourahmane Thiam & Teodoro Rivas, 2007. "Technical efficiency in farming: a meta-regression analysis," Journal of Productivity Analysis, Springer, vol. 27(1), pages 57-72, February.
    3. Carlos Arnade & Munisamy Gopinath, 2000. "Financial constraints and output targets in Russian agricultural production," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(1), pages 71-84.

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