The policy analysis matrix with profit-efficient data: evaluating profitability in rice cultivation
Keywords:
SPAIN, FARMS, RICE, PLANT PRODUCTION, PROFITABILITY, COST BENEFIT ANALYSIS, MATHEMATICAL MODELS
Abstract
This paper combines policy analysis matrix and data envelopment analysis techniques to model the analysis of profitability from farming. Policy analysis matrices are computed for a sample of rice growers located in the wetland of the Albufera (Eastern Spain) under observed conventional and profit-efficient farming conditions. While conventional analysis points to a lack of profitability, farmers are shown to make positive profits at private and social prices when data reflecting efficiency adjustments are used in the analysis. The main conclusion is that the usefulness of the policy analysis matrix might be substantially enhanced by simulating profitability after efficiency-improving managerial decisions have been adopted.Downloads
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Published
2008-09-01
How to Cite
Reig, E., Picazo-Tadeo, A., & Estruch, V. (2008). The policy analysis matrix with profit-efficient data: evaluating profitability in rice cultivation. Spanish Journal of Agricultural Research, 6(3), 309-319. https://doi.org/10.5424/sjar/2008063-324
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