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Andersson, Per, 2014. Analyzing the technical performance of Swedish farms : involved in horse related activities. Second cycle, A2E. Uppsala: SLU, Dept. of Economics

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Abstract

This study analyses the technical performance of Swedish farms involved in horse related activities. The technical performance is analyzed by the technical efficiency of the farms and the factors that contribute to technical efficiency. The method used in this study is that of stochastic frontier analysis, where the stochastic frontier production function is estimated in order to obtain the technical efficiency scores of the Swedish farms. The factors that contribute to technical inefficiency are then estimated simultaneously with the stochastic frontier production function in order to see the effect the factors have on the technical performance of the Swedish farms.
The relevant data has been collected from a survey implemented and supervised by LRF Konsult and designed by the department of Economics at the Swedish University of Agricultural Sciences. The complete sample data consists of 428 observations, but only 58 are used in the analysis of the technical performance. The output of the Swedish farms consist of income from agricultural production and income from horse related activities. The used by the farms are land, labor, capital and intermediate consumption. The results show that there is no farm that is neither fully efficient nor fully inefficient and where the mean technical efficiency is 0.69. Factors that do contribute to an efficient farm operation that is involved in horse related activities are farmers that receive grants. The factor age does also contribute to technical efficiency where younger farmers tend to be more efficient than older farmers do.

Main title:Analyzing the technical performance of Swedish farms
Subtitle:involved in horse related activities
Authors:Andersson, Per
Supervisor:Surry, Yves and Andersson, Hans
Examiner:Gren, Ing-Marie
Series:Examensarbete / SLU, Institutionen för ekonomi
Volume/Sequential designation:898
Year of Publication:2014
Level and depth descriptor:Second cycle, A2E
Student's programme affiliation:NM002 Agricultural Economics and Management - Master's Programme 120 HEC
Department:(NL, NJ) > Dept. of Economics
Keywords:agricultural production, economics, horse activities, parameters of technical inefficiency, stochastic frontier analysis, technical efficiency
URN:NBN:urn:nbn:se:slu:epsilon-s-3996
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-s-3996
Subjects:Economics and management
Language:English
Deposited On:20 Nov 2014 15:36
Metadata Last Modified:20 Nov 2014 15:36

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