This paper presents estimates of technical efficiency in milk production based on Farrell's non-parametric frontier production function methodology. Data from a sample of Maine and Vermont dairy farms, included in the ELFAC business analysis for 1979, were used to derive Efficient Unit Isoquants...

The use of historical-cost depreciation in periods of persistent inflation decreases the present value of depreciation deductions, thus understating the true economic cost of capital and increasing the real after-tax rate of return required by potential investors. Efforts to correct these...

This paper analyzes the economnic feasibility of an investment designed to digest anaerobically cage layer manure and convert biogas into electricity which is sold to a public utility. A simulation model is used to calculate the aftertax net present value (NPV) of a digestion system for eight...

Increased bird density on egg production operations has led to high electricity consumption and manure handling problems. Anaerobic diqestion offers a source of energy (biogas) and a consistent method of manure management. This paper reports the results of a computer simulation model desiqned to...