Wu, Shunxiang; Prato, Tony; Kaylen, Michael - In: The Journal of Economics 31 (2005) 2, pp. 19-44
This study computes and decomposes farm efficiency for Missouri grain farms using a nonparametric cost frontier approach. The results indicate that the overall cost efficiency is 58 percent, suggesting significant inefficiencies exist among sample farms. Misallocation of inputs and improper...