Updating Labor Efficiency and Productivity Benchmarks

Megan N. Hughes, Chelsea Plummer and Michael R. Langemeier

Journal of the ASFMRA, 2026, vol. 2026

Abstract: Labor is a significant expense for crop farms. This paper updates labor efficiency and labor productivity benchmark values using financial data from a sample of non-irrigated crop farms in Kansas. Based on a five-year farm-level average from 2020 to 2024, the mean labor efficiency was 19%, and the mean labor productivity was $577,739. Farms with both a below average labor efficiency and above average labor productivity have an average labor efficiency of 12.6% and an average labor productivity of $801,420.

Keywords: Agricultural Finance; Farm Management; Labor and Human Capital (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jasfmr:410266

DOI: 10.22004/ag.econ.410266

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