A Longitudinal Examination of Broadacre Farm Size and Performance in Western Australia

Timothy Lefroy, James Key, Ross Kingwell

Research output: Working paperDiscussion paper

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Abstract

Using convergence analysis, we examine changes in the relative size, output composition and financial performance of small and large farms in Western Australia over the decade from 2002 to 2011. Fitted exponential growth rates in key variables allow us to determine whether differences between small and larger farms are narrowing or widening. The analysis draws on a balanced panel of 250 farms in Western Australia. Farms in each size category grew on average, and financial performance ratios indicated that larger farms in absolute terms were more profitable. Contrasting with earlier studies, smaller farms displayed a relative improvement in their performance.
Original languageEnglish
PublisherUWA Business School
Publication statusPublished - 2016

Publication series

NameEconomics Discussion Papers
No.17
Volume16

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