FIRM EFFICIENCY AND INFORMATION TECHNOLOGY USE: EVIDENCE FROM U.S. CASH GRAIN FARMS

Jeffrey W. Hopkins and Mitchell J. Morehart

No 19759, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: We implement stochastic frontier analysis techniques to show the effects of information technology use on firm efficiency. Results from a sample of 1,865 U.S. cash grain farms reveals that information technology use within the farm business moved farms significantly towards the efficiency frontier. Also moving farms towards the efficiency frontier were the use of written long-term plans, advanced input acquisition strategies, and increased farm labor hours relative to total labor hours. In contrast, an increase in the debt to asset ratio was associated with movements away from the efficiency frontier.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 18
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19759

DOI: 10.22004/ag.econ.19759

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