An Examination of the Relationship Between Overall ... - ASFMRA

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An Examination of the Relationship Between Overall ... - ASFMRA

2006 JOURNAL OF THE A|S|F|M|R|A

Table 3. Relationship Between Inefficiency and Farm

Characteristics

Variable

Parameter

Estimate

t-value

Significance

Level

Intercept 0.3771 8.63 < 0.0001

Gross Farm Income -2.03E-07 -10.04 < 0.0001

Years of Farm Experience 0.0029 6.55 < 0.0001

Percent of Time Devoted to Farming -0.0017 -7.23 < 0.0001

Educational Level 0.0032 1.38 0.1692

Record Keeping System -0.0048 -0.48 0.6296

Percent Acres Owned 0.0008 4.51 < 0.0001

Organizational Type -0.0005 -0.04 0.9712

Beef Farm Type 0.0078 0.61 0.5398

Swine Farm Type 0.0490 1.50 0.1341

Dairy Farm Type 0.0171 0.69 0.4936

Wheat Farm Type -0.0099 -0.62 0.5340

Corn Farm Type -0.0327 -1.63 0.1045

Sorghum Farm Type 0.0185 0.31 0.7598

Soybean Farm Type 0.0200 0.68 0.4964

Hay Farm Type 0.0025 0.08 0.9359

R-Square 0.4290

Research 66

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