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While the growing importance of off-farm earnings suggests large benefits accrue to farmers from efforts to expand off-farm income opportunities, survival still depends on greater efficiency. To comprehensively gauge the economic health of farm operator households we interpret off-farm income as...
Persistent link: https://www.econbiz.de/10009442868
Preliminary estimates of technical efficiency based on USDA data for 1997 through 2001 indicate that independent operations were significantly more efficient than contract operations. Preliminary estimates also indicate that both types of operations exhibited increasing returns to scale with...
Persistent link: https://www.econbiz.de/10009443411