Measuring Sustained Competitive Advantage for a Sample of Kansas Farms

This paper examined sustained competitive advantage for a sample of 377 Kansas Farm Management Association farms with continuous data from 1988-2007. Technical, allocative, scale and overall efficiency indices were calculated for each farm and year. Approximately 30 percent of the farms exhibited significantly above average overall efficiency levels. These farms had a competitive advantage. Conversely, approximately 28 percent of the farms exhibited significantly below average overall efficiency levels or had a competitive disadvantage. The farms with a competitive advantage were significantly larger in terms of value of farm production and acreage, had significantly lower expense ratios and significantly higher profit margins.


Issue Date:
2009
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/189854
Published in:
Journal of the ASFMRA (American Society of Farm Managers and Rural Appraisers), 2009
Page range:
112-123
Total Pages:
12




 Record created 2017-04-01, last modified 2017-08-29

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