Farm Effifficiency and Productivity Growth: The Effect of Commodity Prices

Elizabeth Canales, Jason Bergtold and Allen Featherstone

Journal of Applied Farm Economics, 2021, vol. 04, issue 01

Abstract: Crop prices can affect farm productivity through input-output decisions. This study assesses the relationship between crop prices and productivity changes among a sample of Kansas farms. The changes in total factor productivity are evaluated using a nonparametric approach with a Malmquist productivity index and potential drivers of technical efficiency and productivity change are analyzed. Farms with higher leverage and greater diversification are likely to be more efficient and experience productivity change. Lower productivity occurred during years with higher crop prices, suggesting that innovation is more likely to occur when margins are tight.

Keywords: Demand and Price Analysis; Productivity Analysis; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/346801/files/F ... 20of%20Commodity.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:pujafe:346801

DOI: 10.22004/ag.econ.346801

Access Statistics for this article

More articles in Journal of Applied Farm Economics from Purdue University Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().