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The Value And Feasibility Of Farming Differently Than The Local Average, Cooper Morris, Kevin Dhuyvetter, Elizabeth A. Yeager, Greg Regier

Journal of Applied Farm Economics

The purpose of this research is to quantify the value of being different than the local average and feasibility of distinguishing particular parts of an operation from the local average. Kansas crop farms are broken down by their farm characteristics, production practices, and management performances. An ordinary least squares regression model is used to quantify the value of having different than average characteristics, practices, and management performances. The degree farms have distinguished particular parts of their operations from the average, and how consistently they distinguish their cost, yields, and prices from the average are also analyzed. Farms’ relative size, workers …