By Oliver W Castalonge
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Extra info for Agricultural systems : economics, technology and diversity
The real value may therefore differ from the booked value. However, possible actions to correct for this, such as valuing all the capital at all farms would be very expensive and time consuming so these were not considered. org, 2005). This means that the same price is assumed for all farms in a particular geographic region. Therefore, differences in prices due to, for instance ability to negotiate are not included in the data. Furthermore, because quantities of inputs and outputs were for some variables calculated by dividing expenses and income with the relevant price, this means that at large farms, which may have an advantage in negotiating prices, the use of inputs may have been Drivers and Restraints for Economic and Technical Efficiency in Dairy Farms 21 underestimated, and the amount of outputs overestimated.
1978). Measuring the Efficiency of Decision Making Units. European Journal of Operational Research, 2, 429-444. Coelli, T. (1995). Recent developments in frontier modeling and efficiency measurement. Australian Journal of Agricultural Economics, 39, 219-245. Coelli, T. and Perelman, S. (1999) A comparison of parametric and non-parametric distance functions: With application to European railways. European Journal of Operational Research, 117, 326-339. Coelli, T. Rahman, S. and Thirtle, C. (2002).
Consequently, the farms can be supported to become more efficient and thus more profitable by organizing combined educational and discussion clubs. The farmers would then not only be able to learn from each Drivers and Restraints for Economic and Technical Efficiency in Dairy Farms 31 other but also inspire each other. The results further suggest that focus needs to be shifted away from the biological concerns, towards the behaviour and strategic management of the farmers. 1. Opportunities for Further Research Upon synthesizing this four-year research project aiming at analyzing what drives and what restrains efficient production at dairy farms, two lines of research, in particular, emerged as fruitful continuations of the research.
Agricultural systems : economics, technology and diversity by Oliver W Castalonge