@article{Sheng:100711,
      recid = {100711},
      author = {Sheng, Yu and Zhao, Shiji and Nossal, Katarina},
      title = {Productivity and farm size in Australian agriculture:  reinvestigating the returns to scale},
      address = {2011},
      number = {422-2016-26864},
      pages = {22},
      year = {2011},
      abstract = {Higher productivity among large farms is often assumed to  be a result of increasing returns to scale.
However, using  farm-level data for the Australian broadacre industry, it  was found that constant or mildly
decreasing returns to  scale is more typical. On examining the monotonic change in  marginal input returns
as farm operating size increases, it  was found that large farms achieve higher productivity  through changes
in production technology rather than  through changes in scale. The results highlight the  disparity between
‘returns to scale’ and ‘returns to size’  in Australian agriculture. They also suggest that improving  productivity
in smaller farms would depend more on their  ability to access advanced technologies than their ability  to
simply expand. The implications for ongoing structural  adjustment in Australian agriculture are discussed.},
      url = {http://ageconsearch.umn.edu/record/100711},
      doi = {https://doi.org/10.22004/ag.econ.100711},
}