Abstract
AbstractAn extension of utility‐efficient programming to the non‐linear discrete stochastic programming method was developed and used in the analysis of the economic efficiency of a sample of farmers in Iran. The results indicate that it would be feasible to increase substantially farmers' total net revenue by increasing their economic efficiency in terms of technical and allocative efficiencies. The study further suggested that risk aversion plays an important role in farmers' behaviour. The sample farmers are risk averse and hence are likely to trade higher expected profits for lower risk. Understanding this characteristic is important for interventions intended to raise farm productivity and efficiency.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
