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Persistent link: https://www.econbiz.de/10005220310
Using a nonparametric linear programming approach, our contribution is to examine if efficiency gains in Western crop production are realized due to diversification and to demonstrate that the diversification efficiency gains realized are a product of economies of scope efficiency gains and...
Persistent link: https://www.econbiz.de/10005807496
The proportions of land values generated by farm program payments and farm returns are examined using an extended income capitalization model. The extended income capitalization model addresses the identification issue introduced by the counter-cyclical nature of farm program payments and farm...
Persistent link: https://www.econbiz.de/10008777114
Using the non-parametric linear programming approach, this study examines overall efficiency gains due to diversification between crop and livestock enterprises for a sample of Kansas farms. Overall efficiency gains were decomposed into scope efficiency gains and scale efficiency gains. Farms...
Persistent link: https://www.econbiz.de/10005476975