The terms of grazing lease contracts potentially influence the tenant’s incentive to preserve the vegetation resource. Annual stocking rate decisions dictate the degree of overgrazing, which can be cumulative over long periods of time. The objective of this study is to identify the impact the...

This article establishes the cost-efficiency frontier and its variation over time for a sample of 610 farms in Kansas for ten consecutive years, from 1995 to 2004. The primary objective consists of examining how financially constrained firms affect cost efficiency and its components, allocative,...