@article{Mugera:124342,
      recid = {124342},
      author = {Mugera, Amin W.},
      title = {The Impact of Debt Structure on the Production Efficiency  of Broadcare Farms in Western Australia},
      address = {2012},
      number = {423-2016-27025},
      pages = {26},
      year = {2012},
      abstract = {Farming activities are often financed using debt yet  empirical studies that investigate the
relationship between  farm debt structure and performance are still rare. In a  ten years unbalanced
panel (1995-2005) of Western Australia  broadacre farms, we relate the impact of long-term  debt,
short-term debt and tax liability on farm performance  measured by input-oriented technical
efficiency and return  on assets (ROA). To check for the robustness of our  results, both data
envelopment analysis (DEA) and  stochastic frontier analysis (SFA) methods are  employed.
Results from both models are consistent: farm  production efficiency is positively related to  shortterm
debt, tax liability and investment and negative  related to off-farm income activities. Longterm
debt has no  effect on production efficiency and ROA.},
      url = {http://ageconsearch.umn.edu/record/124342},
      doi = {https://doi.org/10.22004/ag.econ.124342},
}