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Effects of Field Characteristics and Management on Technical, Allocative, and Economic Efficiency of Rice Production in Arkansas

Author

Listed:
  • Hristovska, Tatjana
  • Watkins, K. Bradley
  • Mazzanti, Ralph
  • Wilson, Charles E., Jr.

Abstract

Arkansas is the top domestic rice producer, representing nearly half of total U.S. rice production. Rice is a high-cost crop relative to other field crops in Arkansas, and production costs for rice have increased significantly since the mid 2000s due to rapidly increasing fuel and fertilizer prices. More efficient rice production management is pertinent to maintaining long term profitability. This study assesses the important factors leading to higher technical, allocative, and economic (cost) efficiency in rice production using a Tobit model. The data is obtained from the 2005-2011 Rice Research and Verification Program (RRVP). Using a Clearfield hybrid seed was found to have positive statistically significant effect, as well as relatively large marginal effect on all three efficiencies.

Suggested Citation

  • Hristovska, Tatjana & Watkins, K. Bradley & Mazzanti, Ralph & Wilson, Charles E., Jr., 2013. "Effects of Field Characteristics and Management on Technical, Allocative, and Economic Efficiency of Rice Production in Arkansas," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143042, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea13:143042
    DOI: 10.22004/ag.econ.143042
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    References listed on IDEAS

    as
    1. Basanta R. Dhungana & Peter L. Nuthall & Gilbert V. Nartea, 2004. "Measuring the economic inefficiency of Nepalese rice farms using data envelopment analysis," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(2), pages 347-369, June.
    2. Wu, Shunxiang & Prato, Tony, 2006. "Cost Efficiency and Scope Economies of Crop and Livestock Farms in Missouri," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 38(3), pages 539-553, December.
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    Keywords

    Farm Management; Production Economics;

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