FIRM EFFICIENCY AND INFORMATION TECHNOLOGY USE: EVIDENCE FROM U.S. CASH GRAIN FARMS

We implement stochastic frontier analysis techniques to show the effects of information technology use on firm efficiency. Results from a sample of 1,865 U.S. cash grain farms reveals that information technology use within the farm business moved farms significantly towards the efficiency frontier. Also moving farms towards the efficiency frontier were the use of written long-term plans, advanced input acquisition strategies, and increased farm labor hours relative to total labor hours. In contrast, an increase in the debt to asset ratio was associated with movements away from the efficiency frontier.


Issue Date:
2002
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/19759
Total Pages:
18
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-19

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