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Volume 37, Number 01, April 2005 >
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|Title: ||Per Unit Costs to Own and Operate Farm Machinery|
|Authors: ||Beaton, Aaron J.|
Dhuyvetter, Kevin C.
Kastens, Terry L.
Williams, Jeffery R.
|JEL Codes: ||Q10|
|Issue Date: ||2005-04|
|Abstract: ||With increasingly thin margins and new technologies, it is important that farm managers know their cost of field operations on a per unit basis (e.g., acre, ton, bale). Accurate per unit costs give confidence when constructing enterprise budgets and evaluating new technologies, such as no-till. Custom rates are often used as a proxy for per unit costs; however, this research, using entropy and jackknife estimation procedures, found that custom rates understate total ownership and operating costs by approximately 25% for an average Kansas farm. Estimates from these models are then used to benchmark actual costs against expected cost.|
|Institution/Association: ||Journal of Agricultural and Applied Economics>Volume 37, Number 01, April 2005|
|Total Pages: ||14|
|From Page: ||131|
|To Page: ||144|
|Collections:||Volume 37, Number 01, April 2005|
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