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Measuring Sustained Competitive Advantage for a Sample of Kansas Farms

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  • Yeager, Elizabeth
  • Langemeier, Michael

Abstract

This paper examined sustained competitive advantage for a sample of 377 Kansas Farm Management Association farms with continuous data from 1988-2007. Technical, allocative, scale and overall efficiency indices were calculated for each farm and year. Approximately 30 percent of the farms exhibited significantly above average overall efficiency levels. These farms had a competitive advantage. Conversely, approximately 28 percent of the farms exhibited significantly below average overall efficiency levels or had a competitive disadvantage. The farms with a competitive advantage were significantly larger in terms of value of farm production and acreage, had significantly lower expense ratios and significantly higher profit margins.

Suggested Citation

  • Yeager, Elizabeth & Langemeier, Michael, 2009. "Measuring Sustained Competitive Advantage for a Sample of Kansas Farms," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2009, pages 1-12.
    • Handle: RePEc:ags:jasfmr:189854
    DOI: 10.22004/ag.econ.189854
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    References listed on IDEAS

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    Cited by:

    1. Langemeier, Michael R., 2011. "Financial performance configurations," International Journal of Agricultural Management, Institute of Agricultural Management, vol. 1(1), pages 1-3.
    2. Langemeier, Michael & Yeager, Elizabeth, 2021. "Examining Differences in Risk Adjusted Returns Among Farms," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2021.
    3. Purdy, Rachel & Langemeier, Michael, 2020. "Cost Effifficiency of International Corn and Soybean Production," Journal of Applied Farm Economics, Purdue University, vol. 3(2), May.
    4. Langemeier, Michael, 2011. "NPR - Financial Performance Configurations (p145-150)," 18th Congress, Methven, New Zealand, 2011 345620, International Farm Management Association.

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