ISHS Acta Horticulturae 270: I International Symposium on Horticultural Economics in Developing Countries
ECONOMIC EFFICIENCY OF COTTON PRODUCTION AT THE MIDDLE AWASH STATE FARMS OF ETHIOPIA |
| Author: | G. Ayele |
| Abstract:
This study was conducted at the Middle Awash Cotton Producing State Farms of ethiopia with the major objective of assessing the economic performance and efficiency of the farms. The result has confirmed that the farms under the study are not only financial losers but some are found to be wasteful by the criteria of economic efficiency. Indeed, it was the second major finding of the study that the resource utilization of the farms investigated are far from being optimal. This suggests that with a more rational use and factor productivity at hand financial and economic returns would have been considerably higher than they are now even with the existing pricing policy. | |
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