Efficiency of Scottish Farms: A Stochastic Cost Frontier Analysis

In this paper the relative cost efficiency of Scottish farms is determined, and variables that explain this efficiency by farm type are identified and implications discussed. A panel dataset from the Farm Accounts Scheme (FAS) survey for the period 1997-2004 was used for the estimation. A cost efficiency indicator was measured using a fixed effect panel data regression. Further analysis, to explain the efficiency results, indicated the presence of important farm size and regional effects. However, other variables, whilst statistically significant, did not produce a consistent effect across the different farm types.


Subject(s):
Issue Date:
2009-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/56633
Published in:
Agricultural Economics Review, Volume 10, Issue 2
Page range:
17-35
Total Pages:
19
JEL Codes:
Q12




 Record created 2017-04-01, last modified 2017-10-20

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)