Abstract

SIZE OF FARM AND PRODUCTIVE EFFICIENCY : A REVIEW

Pragya Mishra

Volume: 4 Issue: 3 2014

Abstract:

For more than a century mainstream economist in both capitalist and socialist countries have confidently and enthusiastically predicted the demise of the small, family farm. Small farms have time and again been labelled as backward, unproductive and inefficient—an obstacle to be overcome in the process of economic development. However, the researchers from different countries during the past two decades have challenge the conventional wisdom about small farms and assert that they are "multi-functional"— more productive, more efficient, and contribute more to economic development than large farms.

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