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Journal of Agricultural and Applied Economics >
Volume 38, Number 03, December 2006 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/43906
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| Title: | Cost Efficiency and Scope Economies of Crop and Livestock Farms in Missouri |
| Authors: | Wu, Shunxiang
Prato, Anthony A. |
| Keywords: | Cost efficiency
crop
livestock
Missouri farms
scope economies |
| JEL Codes: | Q12
R32 |
| Issue Date: | 2006-12 |
| Series/Report no.: | JAAE |
| Abstract: | This study investigates productive efficiency for a sample of Missouri crop-only (specialized) and integrated crop-livestock (diversified) farms using a cost frontier approach. Results suggest that significant cost inefficiency exists among sample farms. Lower cost efficiency in both types of farms was attributed to improper scale of operations and mis-allocation of inputs. On average, diversified farms were as technically and scale efficient as specialized farms. Lower allocative efficiency diluted gains in technical efficiency and resulted in greater cost inefficiency for diversified farms than for specialized farms. Technical efficiency was independent of farm size, whereas allocative, scale, and scope efficiencies were not. |
| URI: | http://purl.umn.edu/43906 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 38, Number 03, December 2006 |
| Total Pages: | 15 |
| From Page: | 539 |
| To Page: | 553 |
| Collections: | Volume 38, Number 03, December 2006
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| Wu JAAE December 2006.pdf | | 659Kb | PDF | View/Open |
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