Empirical Testing of a Farm Firm Growth Theory

Frederick J. Rafeld and Edgar T. Shaudys

Journal of Agricultural and Applied Economics, 1970, vol. 2, issue 1, 175-179

Abstract: Researchers in agricultural economics have become increasingly concerned with the effects of structural and technical changes in agriculture upon the size of the farm firm. These researchers not only want to understand firm growth in order to make suggestions for necessary changes in social institutions but also to advise the managers of farm firms. Recent farm firm growth research studies were conducted using empirically based mathematical programming models to explore growth and to test hypotheses concerning the influence of various economic factors upon growth. For examples, see. Growth in these studies is a function of the assumptions of the particular programming model.

Date: 1970
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