The Cost Efficiency of the Hog Farms Participating in the Record-Keeping Program in Taiwan: Before and After the Food-and-Mouth Disease Outbreak
Resource
農業與經濟, 48, 1-32
Journal
農業與經濟
Journal Issue
48
Pages
1-32
Date Issued
2012-06
Date
2012-06
Author(s)
Chen, P.C.
Huang, Y.H.
Juang, J.W.
Chang, C.C.
Abstract
This study analyzes the cost efficiency of hog industry in Taiwan using the
swine farms in the bookkeeping system collected by the Animal Technology
Institute Taiwan during 1995~2008 as the sample. The technical and cost
efficiency are measured by using stochastic frontier analysis (SFA) and data
envelopment analysis (DEA). The impacts of exogenous factor affecting
efficiencies are also investigated simultaneously. The results indicates that
the SFA and DEA produce consistent results for each time period and that
the mean cost efficiency scores are 0.877 and 0.842 respectively which
suggests an 12.3% up to 15.8% cost-saving improvement could be made by
reallocating their resource applications. The inter-temporal comparisons
suggest that the cost efficiency deteriorates right after the outbreak of the
foot-and-mouth disease, but improves after the accession of WTO and the
increase of feed prices. The regression result of farm-specific factors on cost
efficiency indicates that both farmer’s education level and experience are
not significant, but farms producing feeder pigs and hogs simultaneously are
more efficient than the others. Expanding farm size is also beneficial to
efficiency improvement. Based on these results, it is suggested that training
programs on adopting professional knowledge and market information for
expansion purposes should be helpful for swine farmers in strengthening
their capacity to adapt to the rapid changing environment.
Subjects
養豬場、成本效率、隨機邊界法、資料包絡分析法、口蹄疫、不平衡縱橫資料
Hog farm, Cost efficiency, Stochastic frontier analysis, Data envelopment analysis, Foot-and-Mouth disease, Unbalanced panel data
Type
journal article
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