Productivity and returns to resources in the beef enterprise on Victorian farms in the South-West Farm Monitor Project

Title
Productivity and returns to resources in the beef enterprise on Victorian farms in the South-West Farm Monitor Project
Publication Date
2009
Author(s)
Villano, Renato
( author )
OrcID: https://orcid.org/0000-0003-2581-6623
Email: rvillan2@une.edu.au
UNE Id une-id:rvillan2
Fleming, Euan
Rodgers, Heide
Type of document
Journal Article
Language
en
Entity Type
Publication
Publisher
Charles Sturt University, AFBM Network
Place of publication
Australia
UNE publication id
une:6022
Abstract
Productivity change and real returns to resources are measured for a sample of farms in south-west Victoria that produce beef. A stochastic frontier production model is estimated from which annual production frontiers and individual farm technical inefficiencies are calculated during the survey period from 1995-96 to 2004-05. Results suggest that best-practice beef producers in this region (those operating on the production frontier) modestly improved their productivity during the period. Technically inefficient farms seem to be achieving productivity increases lower than their top-performing counterparts and are on average falling behind the productivity levels of the latter. A single factoral terms of trade index is also estimated for each farm as a measure of the real returns to resources used in the beef enterprise. The mean annual index increased substantially after declining during the first year of the survey period. This measure showed much greater volatility than the productivity measure, principally because of fluctuations in beef prices.
Link
Citation
Australian Farm Business Management Journal, 6(2), p. 83-88
ISSN
1449-7875
1449-5937
Start page
83
End page
88

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