Estimating an ex ante cost function for Belgian arable crop farms

Hansen, Kristiana;De Blander, Rembert;baudry, Alexandre;Henry de Frahan, Bruno;Polomé, Philippe
(2009) 2009 Agricultural and Applied Economics Association (AAEA) — Location: Milwaukee, USA (26.July.2009)

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Authors
  • Hansen, KristianaUCLouvain
    Author
  • De Blander, RembertUCLouvain
    Author
  • baudry, AlexandreUCLouvain
    Author
  • Henry de Frahan, BrunoUCLouvain
    Collaborator
  • Polomé, PhilippeUCLouvain
    Collaborator
Abstract
We estimate a farm-level cost function for Belgian crop farms using FADN data over the study period 1996-2006. We rely on an estimation of farmers' expected yields at the time cropping decisions are made rather than actual yields observed in the FADN data. The use of an ex ante cost function improves the cost function estimation. We subsequently suggest how our cost function can be used in simulations to analyze farmer response to changes in output price risk.
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Hansen, K., De Blander, R., & baudry, A. (2009). Estimating an ex ante cost function for Belgian arable crop farms. 2009 Agricultural and Applied Economics Association (AAEA), Milwaukee, USA. https://hdl.handle.net/2078.5/222131