SCOPE AND SCALE ECONOMIES FOR MULTI-PRODUCT FARMS: FIRM-LEVEL PANEL DATA ANALYSIS

Edouard Mafoua and Ferdaus Hossain

No 20627, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study used the flexible fixed cost quadratic function to analyze the cost structure of multi-product farms using farm-level panel data. The robustness of estimated parameters are examined using four panel data estimators. Results suggest that scale economies remain significant in Illinois farming. An increase in soybean acreage reduces the marginal cost of producing corn. Firm-specific effects, that indicate the levels of fixed costs, are found to be positive and significant.

Keywords: Farm; Management (search for similar items in EconPapers)
Pages: 27
Date: 2001
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20627

DOI: 10.22004/ag.econ.20627

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