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intervention in the market fundamentals, has a negative impact on the efficiency and competitiveness of dairy sector. The …
Persistent link: https://www.econbiz.de/10011125632
The existing literature on dynamic efficiency is deterministic and ignores uncertainty when deriving dynamic efficiency …-fixed factors. Here, we contribute to closing this gap by developing a model that takes the dynamic efficiency measurement and the … empirical evidence for the importance of considering uncertainty when deriving (dynamic) efficiency measures: neglecting …
Persistent link: https://www.econbiz.de/10010915946
Persistent link: https://www.econbiz.de/10010882293
Farm management skills can affect farm managers' performance. In this article, farm management performance is analyzed based on yearly Illinois Farm Business Farm Management (FBFM) panel data across 6,760 farms from 1996 through 2011. Two out-of-sample measures of skill are used to analyze the...
Persistent link: https://www.econbiz.de/10011068909
This article tests the efficiency of the hog options market and assesses the impact of the 1996 contract redesign on … efficiency. We find that the hog options market is efficient, but some options yielded excess returns during the live hogs period … the newcontract improving the efficiency of the market. However, other market conditions such as lower transaction costs …
Persistent link: https://www.econbiz.de/10009443770
In the era of a global economy, farmers face increasing pressure in developing a portfolio of various marketing channels. However, the literature on direct marketing strategies has mainly focused on consumers. Using farm-level data this study investigates factors associated with the choice of...
Persistent link: https://www.econbiz.de/10009444340
Includes cover page, journal info, contents page, and editorial information
Persistent link: https://www.econbiz.de/10009446503
Machinery-sharing provides an alternative for smaller producers to obtain the efficiencies of large farming operations and remain competitive in an increasingly concentrated agricultural industry. This research uses a multiple case study design to examine the motivations for sharing equipment...
Persistent link: https://www.econbiz.de/10009446703
This report summarizes the 2007 financial and production records of 77 Michigan cash grain farms. To be included, the farms must have produced at least 50 percent of gross cash farm income from one or a combination of these items: corn, soybeans, wheat, navy beans, oats, sugar beets and other...
Persistent link: https://www.econbiz.de/10010878702
This report summarizes the financial and production records of 24 dairy farms across the Upper Peninsula (UP) of Michigan. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State...
Persistent link: https://www.econbiz.de/10010878703