MANAGEMENT AND RETURNS TO FARM SIZE: RESULTS OF A CASE STUDY USING PARAMETRIC AND NON-PARAMETRIC METHODOLOGY TO MEASURE SCALE EFFICIENCIES

H. D. van Schalkwyk, J. van Zyl and H. J. Sartorius von Bach

Agrekon, 1993, vol. 32, issue 4

Abstract: Two hypotheses are tested empirically using cross sectional data from Vaalharts: Firstly, it is hypothesized that economies of scale exist and, secondly, that optimal farm size will not be the same for any two managers; the better the manager, the larger the optimum farm size. These hypotheses are tested by means of both parametric and non-parametric methods, respectively. Managerial skill was measured explicitly. The results support both the hypotheses which were tested empirically. There also appears to be no inconsistency between the results obtained with parametric or non-parametric methods. These findings have important implications for structural adjustment of South African agriculture.

Keywords: Farm Management; Production Economics (search for similar items in EconPapers)
Date: 1993
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:agreko:267692

DOI: 10.22004/ag.econ.267692

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