Measurement of Technical, Allocative, Economic, and Scale Efficiency of Rice Production in Arkansas Using Data Envelopment Analysis
K. Bradley Watkins,
Tatjana Hristovska,
Ralph Mazzanti,
Charles E. Wilson and
Lance Schmidt
Journal of Agricultural and Applied Economics, 2014, vol. 46, issue 01, 18
Abstract:
Data envelopment analysis is used to calculate technical, allocative, economic, and scale efficiencies for fields enrolled in the University of Arkansas Rice Research Verification Program. The results reveal most fields have high technical and scale efficiencies, implying inputs are used in minimum levels necessary to achieve given output levels and fields are close to optimal in size. However, most fields exhibit allocative and economic inefficiencies and do not use inputs in the right combinations necessary to achieve cost minimization. Tobit analysis indicated allocative and economic efficiencies could be improved with better variety selection and better irrigation management.
Keywords: Agribusiness; Farm Management; Marketing; Productivity Analysis (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:169037
DOI: 10.22004/ag.econ.169037
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