Analysis of Productive Efficiency of Soybean Production in the Mekong River Delta of Viet Nam

Abstract

Efficiency measurement is to investigate the efficiency levels of farmers got involved with agricultural activities. A major task of efficiency analysis is to identify determinants of efficiency levels. As some empirical studies mentioned, farmers in developing countries are unsuccessful in taking advantage of fully the potential of technology making inefficient decisions. Therefore, this paper makes an effort to estimate technical, allocative and economic efficiency of soybean farmers in the Mekong River Delta of Viet Nam and identify its determinants. The analysis shows average levels of technical, allocative and economic efficiency are equal to 74 percent, 51 percent and 38 percent, respectively.