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http://www.awe.gov.au/ABARES/Pages/exit_site.aspx?link=https://doi.org/10.1111/1467-8489.12063
Resource Name:
http://www.awe.gov.au/ABARES/Pages/exit_site.aspx?link=https://doi.org/10.1111/1467-8489.12063
Resource Type:
External Resource
Metadata
Title:
Productivity and Farm Size in Australian Agriculture: Reinvestigating the Returns to Scale
Series:
The Australian Journal of Agricultural and Resource Economics
Series Issue:
Volume 60, Issue 3 July 2016
Publication Date:
01/01/2015
Description:
Article released in the Australian Journal of Agricultural and Resources Economics January 2015. Cite as: Sheng, Y. , Zhao, S. , Nossal, K. and Zhang, D. (2015), Productivity and farm size in Australian agriculture: reinvestigating the returns to scale. Australian Journal of Agricultural and Resource Economics. Vol. 59(1), pp 16-38. doi: https://doi.org/10.1111/1467-8489.12063 A positive relationship between farm size and farm productivity is often considered to be largely due to increasing returns to scale in farm production. However, using farm-level data for the Australian broadacre industry, we found that constant or mildly decreasing returns to scale is the more typical scenario. In this study, the marginal returns to various farm inputs are compared across farms with different sizes. We found that large farms achieved higher productivity by changing production technology rather than increasing scale alone. The results highlight the disparity between 'returns to scale' and 'returns to size' in the industry, suggesting that productivity improvement among smaller farms can be made through increasing their ability to access advanced technologies, rather than simply expanding their scale.
Resource URL Description:
0 : Link to the article on the Australian Journal of Agricultural and Resource Economics website - HTML
Publisher:
John Wiley and Sons
Author:
SHENG Yu

ZHAO Shiji

NOSSAL Katarian

ZHANG Dandan
Right Management:
Use constraints: copyright

Other constraints: Licence type:Copyright

Other constraints: Copyright (c) 2015, John Wiley and Sons
Identifier:
ISSN 1467-8489
Asset Name:
pj_pfsaagd9aap_20150101