Exploring the Role of Managerial Ability in Influencing Dairy Farm Efficiency

Justin P. Byma and Loren W. Tauer

Agricultural and Resource Economics Review, 2010, vol. 39, issue 3, 12

Abstract: This paper explores the role of managerial ability in determining efficiency in New York dairy farms. Using an unbalanced panel of farm data from 1993 through 2004, we estimate output-oriented technical efficiencies using stochastic distance frontier functions. We find that both lagged net farm income and farmers’ own estimates of the value of their labor and management as proxies for managerial ability impact measured efficiency. Efficiency increases with operator education, farm size, and extended participation in a farm management program, but decreases with operator age.

Keywords: Production Economics; Productivity Analysis (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (6)

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Journal Article: Exploring the Role of Managerial Ability in Influencing Dairy Farm Efficiency (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:arerjl:95594

DOI: 10.22004/ag.econ.95594

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