Measuring X-Efficiency And Scale Efficiency For A Sample Of Agricultural Cooperatives
This paper examines the efficiency of a sample of Great Plains grain marketing and farm supply cooperatives during 1988 to 1992. In general, larger cooperatives were more X-efficient and scale efficient. Labor tended to be under-utilized and capital over-utilized. Petroleum product sales and fertilizer sales were negatively related to overall efficiency. Sales of goods other than grain, fertilizers, agricultural chemicals, petroleum products, and feed was positively related to overall efficiency. Overall efficiency was significantly correlated with the rate of return to assets.
Volume (Year): 29 (2000)
Issue (Month): 2 (October)
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- Akridge, Jay T. & Hertel, Thomas W., 1992. "Cooperative and Investor-Oriented Firm Efficiency: A Multiproduct Analysis," Journal of Agricultural Cooperation, National Council of Farmer Cooperatives, vol. 7.
- Joseph W. Meador & Harley E. Ryan Jr., 1997. "Product Focus versus Diversification: Estimates of X-Efficiency for the US Life Insurance Industry," Center for Financial Institutions Working Papers 97-16, Wharton School Center for Financial Institutions, University of Pennsylvania.
- Ariyaratne, Chatura B. & Featherstone, Allen M. & Langemeier, Michael R. & Barton, David G., 1997. "An Analysis of Efficiency of Midwestern Agricultural Cooperatives," 1997 Annual Meeting, July 13-16, 1997, Reno\Sparks, Nevada 35763, Western Agricultural Economics Association.
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