This article investigates the impact of downside risk on cost and revenue efficiency (RE) for a sample of farms. Downside risk or loss below a certain level of return is a concern regardless of producer risk preferences and thus a suitable measure of risk to use. Downside risk was measured as...

Purpose – The purpose of this paper is to examine the use of single vs multiple lenders by Kansas farms. Previous studies suggest that as the risk level of the firm changes, borrowers desire to enhance the probability of obtaining credit at the lowest possible cost may cause them to use...

This paper examined the relationship between cost efficiency and feed grain production in Kansas. Using data from 2002 to 2011, corn production was significant and positively related to cost efficiency in eastern and western Kansas; while grain sorghum production was significant and positively...

This paper examines the relationship between three expense ratios: total expense ratio; adjusted total expense ratio; and economic total expense ratio; and discusses economies of size for a sample of Kansas farms. The total expense ratio and the adjusted total expense ratios, though commonly...

This paper examined crop machinery investment and cost benchmarks for a sample of Kansas farms. Crop machinery benchmarks varied widely among the farms. On average, crop machinery investment and cost were $227 and $82, respectively. Crop machinery investment and cost were significantly...

Agriculture has seen several periods of both high and low farmer profitability. This has resulted in at least some farmers leaving agriculture because of financial difficulty. Other farmers, however, have managed to survive the bust periods of agriculture and are still farming today. This paper...

Considerable efforts have been made to provide cow-calf producers with information to help them make informed decisions about adding value to calves. Despite demonstrated market incentives to retain calves, many producers still sell right after weaning. We postulate this observed behavior is...

In this article, we used bootstrap data envelopment analysis techniques to examine technical and scale efficiency scores for a balanced panel of 564 farms in Kansas for the period 1993–2007. The production technology is estimated under three different assumptions of returns to scale and...

Purpose – Understanding complex farming organizations is important in the USA given the rapid consolidation of the agricultural production sector. Multiple entity farms arise from a desire to enhance the ability to transfer the farm from one generation to the next, a desire to affect tax...

This paper examined the relationship between cost efficiency and feed grain production in Kansas. Using data from 2002 to 2011, corn production was significantly and positively related to cost efficiency in eastern and western Kansas, while grain sorghum production was significant and positively...