Assessing the technical efficiency of small farmers cultivating wheat in Punjab, Pakistan: A Stochastic Frontier Analysis (SFA)
Main Article Content
Abstract
Agriculture is an important sector in developing countries since it employs the bulk of the people and contributes significantly to GDP. Wheat is an important crop for both money and food. Land utilization, productivity, and efficiency all play a role in increasing agricultural output. The data was obtained from Punjab Economic Research Institute (PERI), Lahore. The dataset used in this research encompasses 419 small-scale wheat farmers from 2018-19 and offers comprehensive information regarding production costs and input utilization for the wheat crop. The SFA analysis yielded an average technical efficiency (TE) estimate of 84%. The findings suggest that TE can be increased by 16 percent without altering the level of inputs utilized.
Keywords: Technical efficiency, Stochastic frontier analysis, PERI.
Article Details
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.