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A New Approach to Estimating Agricultural Costs of Production

Author

Listed:
  • Hoffman, George
  • Gustafson, Cole

Abstract

Current concepts and procedures used by the U S Department of Agriculture (USDA) to estimate farm enterprise costs of production are Inadequate for describing economic conditions of various producer groups The 1981 Agriculture and Food Act gives USDA greater flexibility In estimating production costs This article describes new procedures for developing estimates that deal with problems of unrealized farmland capital gains, cash flow, and returns to the resources of Production

Suggested Citation

  • Hoffman, George & Gustafson, Cole, 1983. "A New Approach to Estimating Agricultural Costs of Production," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 35(4), pages 1-6, October.
    • Handle: RePEc:ags:uersja:149043
    DOI: 10.22004/ag.econ.149043
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    Citations

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    Cited by:

    1. G. F. Ortmann, 1987. "Land Rents and Production Costs in the South African Sugar Industry," South African Journal of Economics, Economic Society of South Africa, vol. 55(3), pages 163-169, September.
    2. Lazarus, William F. & Selley, Roger A., 2002. "Suggested Procedures For Estimating Farm Machinery Costs," Staff Papers 14072, University of Minnesota, Department of Applied Economics.
    3. Hardie, Ian W., 1984. "Comparative Rents For Farmland And Timberland In A Subregion Of The South," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(2), pages 1-9, December.
    4. Gustafson, Cole R., 1986. "Measuring the Productivity of Capital in United States Agriculture," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(2), pages 187-196, December.
    5. Li Lee, Mei, 1986. "Cost Competitiveness of Apple Production in British Columbia Versus Washington State," Working Papers 244004, Agriculture and Agri-Food Canada.
    6. Lazarus, William F. & Selley, Roger A., 2001. "Suggested Procedures For Estimating Farm Machinery Costs For Extension Audiences," Staff Papers 14150, University of Minnesota, Department of Applied Economics.

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