Measuring Sustained Competitive Advantage for a Sample of Kansas Farms

Elizabeth Yeager and Michael Langemeier

Journal of the ASFMRA, 2009, vol. 2009, 12

Abstract: This paper examined sustained competitive advantage for a sample of 377 Kansas Farm Management Association farms with continuous data from 1988-2007. Technical, allocative, scale and overall efficiency indices were calculated for each farm and year. Approximately 30 percent of the farms exhibited significantly above average overall efficiency levels. These farms had a competitive advantage. Conversely, approximately 28 percent of the farms exhibited significantly below average overall efficiency levels or had a competitive disadvantage. The farms with a competitive advantage were significantly larger in terms of value of farm production and acreage, had significantly lower expense ratios and significantly higher profit margins.

Keywords: Agribusiness; Agricultural Finance; Farm Management (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jasfmr:189854

DOI: 10.22004/ag.econ.189854

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