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Cost Efficiency in U.S. Corn Production

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  • Stephen C. Cooke
  • W. Burt Sundquist

Abstract

Diewert's quadratic lemma is used to derive indexes of intertemporal and interregional cost efficiency and of economies of scale for a sample of U.S. corn regions. Using U.S. Department of Agriculture farm enterprise survey data, the results indicate that intertemporal cost efficiency in U.S. corn production increased 1.3% per year, on average, between 1974 and 1983. Regions in Illinois and Iowa have a competitive advantage in corn production over those in Indiana and Nebraska. Between 1974 and 1983, very large corn enterprises (500–1,000 acres) were 4%–8% more cost efficient than large enterprises (300–460 acres) and 8%–15% more efficient than medium size corn enterprises (175–290 acres).

Suggested Citation

  • Stephen C. Cooke & W. Burt Sundquist, 1989. "Cost Efficiency in U.S. Corn Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 1003-1010.
    • Handle: RePEc:oup:ajagec:v:71:y:1989:i:4:p:1003-1010.
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    File URL: http://hdl.handle.net/10.2307/1242676
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    Cited by:

    1. Peterson, Willis L., 1997. "Are Large Farms More Efficient?," Staff Papers 13411, University of Minnesota, Department of Applied Economics.
    2. Kivanda, Lena & Fox, Glenn, 1993. "Falsification and the Practice of Agricultural Production Economists: A Methodological Assessment," Department of Agricultural Economics and Business 258724, University of Guelph.
    3. Cooke, Stephen C. & Sundquist, W. Burt, 1991. "Measuring And Explaining The Decline In U.S. Cotton Productivity Growth," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(1), pages 1-16, July.
    4. Abdullahi Abdulkadri & Michael Langemeier & Allen Featherstone, 2006. "Estimating economies of scope and scale under price risk and risk aversion," Applied Economics, Taylor & Francis Journals, vol. 38(2), pages 191-201.
    5. Cooke, Stephen C., 1991. "Alternative Uses For Crop And Livestock Enterprise Budgets In Research And Extension," A.E. Extension Series 304922, University of Idaho, Department of Agricultural Economics and Rural Sociology.

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