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Impact Of Farm Size And Type On Competitive Advantage

Author

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  • Morgan, Jeffery D.
  • Langemeier, Michael R.

Abstract

This study examined sustained competitive advantage for a sample of Kansas farms. Whole-farm data for 224 farms with continuous data from 1982-2001 were used. Overall efficiency was computed for each farm and year. Sixty farms exhibited a sustained competitive advantage. Seventy-six farms exhibited a sustained competitive disadvantage. Farms with a competitive advantage were relatively larger, received more of their gross farm income from dairy and swine production, had significantly lower expense ratios, and had significantly higher profit margins.

Suggested Citation

  • Morgan, Jeffery D. & Langemeier, Michael R., 2003. "Impact Of Farm Size And Type On Competitive Advantage," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35197, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeatm:35197
    DOI: 10.22004/ag.econ.35197
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    References listed on IDEAS

    as
    1. Purdy, Barry M. & Langemeier, Michael R. & Featherstone, Allen M., 1997. "Financial Performance, Risk, And Specialization," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 29(1), pages 1-13, July.
    2. Haden, Kimberly L. & Johnson, Larry A., 1989. "Factors Which Contribute To The Financial Performance Of Selected Tennessee Dairies," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(1), pages 1-8, July.
    3. ANITA M. McGAHAN & MICHAEL E. PORTER, 1997. "How Much Does Industry Matter, Really?," Strategic Management Journal, Wiley Blackwell, vol. 18(S1), pages 15-30, July.
    4. Kauffman, Jonas B. III & Tauer, Loren W., 1986. "Successful Dairy Farm Management Strategies Indentified By Stochastic Dominance Analyses Of Farm Records," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 15(2), pages 1-10, October.
    5. repec:ags:joaaec:v:29:y:1997:i:1:p:149-61 is not listed on IDEAS
    6. Ford, Stephen A. & Shonkwiler, J. S., 1994. "The Effect of Managerial Ability on Farm Financial Success," Agricultural and Resource Economics Review, Cambridge University Press, vol. 23(2), pages 150-157, October.
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    Keywords

    Farm Management;

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