Economies of Size in Production Agriculture

Michael Duffy

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: The average cost curve for corn and soybeans displays the classic "L" shape. There are initial economies of size but these disappate much sooner than most people realize. Although the data does not cover extremely large farms there is some evidence that the cost curve may actually increase with ceratin sizes.

Keywords: economies of size; production agriculture; cost of production (search for similar items in EconPapers)
Date: 2009-12-08
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Citations: View citations in EconPapers (35)

Published in Journal of Hunger & Environmental Nutrition, July 2009, vol. 4 no. 3&4, pp. 375-392

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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:31282

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