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Economies of size associated with Garfield County wheat farms

, : Economies of size associated with Garfield County wheat farms. Oklahoma Current Farm Economics 59(1): 3-9

Estimates of wheat production costs for four farms in Garfield County, Oklahoma, are presented in order to determine the relationship between the size of the firm and the unit cost of producing wheat. The economic-engineering or synthetic-firm approach is used to analyse costs across farms of alternative sizes. Hypothetical farms were developed and budgets were prepared, with each farm size being equipped with an arbitrarily selected representative machinery complement.


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