A Structural Approach to Estimating Rate of Return Expectations of Farmers

Content Provider	Scilit
Author	Ahrendsen, Bruce L.
Copyright Year	1993
Description	A dual cost function approach is developed as an alternative to time series and simplistic approaches for estimating farmers' expected operating rates of return on assets. A translog restricted cost function is estimated using data provided by 152 North Carolina dairy farmers over the period 1976 through 1986. The predicted costs from the fitted restricted cost function are used to construct estimates of farmers' expected operating rates of return on assets. The estimates from this structural approach explain more of the variation in observed rates than do time series estimates or sample mean observed rates.
Related Links	http://ageconsearch.umn.edu/record/15042/files/25020056.pdf https://www.cambridge.org/core/services/aop-cambridge-core/content/view/481DCD46C3ECCA1DE0DCEA33BC8CCAEB/S1074070800018964a.pdf/div-class-title-a-structural-approach-to-estimating-rate-of-return-expectations-of-farmers-div.pdf
Ending Page	68
Page Count	13
Starting Page	56
ISSN	10740708
e-ISSN	20567405
DOI	10.1017/s1074070800018964
Journal	Journal of Agricultural and Applied Economics
Issue Number	2
Volume Number	25
Language	English
Publisher	Cambridge University Press (CUP)
Publisher Date	1993-12-01
Access Restriction	Open
Subject Keyword	Journal of Agricultural and Applied Economics Agricultural Economics Estimating Expectations Rate of Return Translog Cost Function
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics Agricultural and Biological Sciences