This paper compares the technical and allocative efficiencies of collective and individual production systems. The producers under study are members of Honduran agrarian reform cooperatives who engage in collective and/or individual production of maize. Debreu-Farrell technical efficiencies are calculated relative to a stochastic production frontier. Allocative efficiencies are obtained from an analytically derived cost frontier. Results indicate that collective systems are slightly more efficient than individual production systems.