Economic Performance Measures of Southeastern U.S. Cow-Calf Farms: Which Types of Farms Are the Most Efficient?
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The objective of this study is to assess the technical efficiency and other
economic performance measures of southeastern U.S. cow-calf farms. We
describe and compare cow-calf operations by size, farm resource regions, and
states, and measure their relative competitiveness. We estimate a Cobb-
Douglas production function using stochastic production frontier (SPF)
techniques. Our results suggest there is opportunity for most cow-calf
operations to increase the efficiency of their operations.