Estimating A Farm Group Model and Input Allocations Using Accountancy Data

Alexander Gocht and Thomas Heckelei

No 61393, 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado from Agricultural and Applied Economics Association

Abstract: This paper proposes and applies an innovative estimation approach for farm group programming models using Generalised Maximum Entropy. The proposed set-up simultaneously determines calibrating cost function parameters and input allocations to production activities. The methodology is applied to Belgium FADN data of arable farms for which available input allocations allow to validate the estimation approach. Results outperform separate estimates of input allocations previously applied in the literature and this finding is robust with respect to support point design.

Keywords: Agricultural and Food Policy; Farm Management; Land Economics/Use; Production Economics (search for similar items in EconPapers)
Pages: 1
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea10:61393

DOI: 10.22004/ag.econ.61393

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