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          Volume 37, Number 01, April 2005 >

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Title: The Impacts of Farm Financial Structure on Production Efficiency
Authors: Lambert, David K.
Bayda, Volodymyr V.
Keywords: data envelopment analysis
farm credit
farm efficiency
financial structure
JEL Codes: Q1
Issue Date: 2005-04
Abstract: Farm financial structure may affect both short- and long-run input usage, thereby affecting farm efficiency. Any inefficiencies arising from the choice of inputs can be magnified over time as credit constraints continue to affect input usage. In a panel of 54 North Dakota crop farms, efficiency and debt structure were related. Intermediate debt was found to be positively related to farm technical efficiency, and short-term debt was negatively associated with technical efficiency. Use of intermediate-term debt was positively associated with farm-scale efficiency, whereas no significant relationship was found between short- and long-term debt and scale efficiency.
Institution/Association: Journal of Agricultural and Applied Economics>Volume 37, Number 01, April 2005
Total Pages: 13
From Page: 277
To Page: 289
Collections:Volume 37, Number 01, April 2005

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