Abstract
We analyse a balanced panel of 250 farms in Western Australia using convergence analysis, examining changes in the relative size, output composition and financial performance of small, medium and large farms over the decade 2002–2011. Fitted exponential growth rates in key variables allow us to determine whether differences between small, medium and large farms are narrowing or widening. Although farms in each size category grew on average, there was no significant change in the relative size of farms. Contrasting with earlier studies, smaller farms displayed a relative improvement in their performance, catching up to medium and larger farms.
| Original language | English |
|---|---|
| Pages (from-to) | 52-65 |
| Number of pages | 14 |
| Journal | Australian Economic Review |
| Volume | 50 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 1 Mar 2017 |
Fingerprint
Cite this
}
An examination of broadacre farm size and performance in Western Australia. / Lefroy, Tim; Key, James; Kingwell, Ross.
In: Australian Economic Review, Vol. 50, No. 1, 01.03.2017, p. 52-65.Research output: Contribution to journal › Article
TY - JOUR
T1 - An examination of broadacre farm size and performance in Western Australia
AU - Lefroy, Tim
AU - Key, James
AU - Kingwell, Ross
PY - 2017/3/1
Y1 - 2017/3/1
N2 - We analyse a balanced panel of 250 farms in Western Australia using convergence analysis, examining changes in the relative size, output composition and financial performance of small, medium and large farms over the decade 2002–2011. Fitted exponential growth rates in key variables allow us to determine whether differences between small, medium and large farms are narrowing or widening. Although farms in each size category grew on average, there was no significant change in the relative size of farms. Contrasting with earlier studies, smaller farms displayed a relative improvement in their performance, catching up to medium and larger farms.
AB - We analyse a balanced panel of 250 farms in Western Australia using convergence analysis, examining changes in the relative size, output composition and financial performance of small, medium and large farms over the decade 2002–2011. Fitted exponential growth rates in key variables allow us to determine whether differences between small, medium and large farms are narrowing or widening. Although farms in each size category grew on average, there was no significant change in the relative size of farms. Contrasting with earlier studies, smaller farms displayed a relative improvement in their performance, catching up to medium and larger farms.
UR - http://www.scopus.com/inward/record.url?scp=85014107640&partnerID=8YFLogxK
U2 - 10.1111/1467-8462.12186
DO - 10.1111/1467-8462.12186
M3 - Article
VL - 50
SP - 52
EP - 65
JO - Australian Economic Review
JF - Australian Economic Review
SN - 0004-9018
IS - 1
ER -