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An Improved Procedure for Evaluating Alternative Farm Sizes

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  • Richardson, James W.
  • Condra, Gary D.

Abstract

The methodology used in existing farm size studies fails to explicitly consider such factors as time, uncertianty, alternative financial arrangements, income taxes, changing land prices, increasing input costs and year-to-year net cash flows. A procedure that incorporates these factors is described and demonstrated in this paper.

Suggested Citation

  • Richardson, James W. & Condra, Gary D., 1979. "An Improved Procedure for Evaluating Alternative Farm Sizes," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278306, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea79:278306
    DOI: 10.22004/ag.econ.278306
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    References listed on IDEAS

    as
    1. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652, November.
    2. Philip M. Raup, 1978. "Some Questions of Value and Scale in American Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(2), pages 303-308.
    3. Bruce F. Hall & E. Phillip LeVeen, 1978. "Farm Size and Economic Efficiency: The Case of California," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(4), pages 589-600.
    Full references (including those not matched with items on IDEAS)

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