Farm Dynamics, Returns to Scale and Allocative Efficiency in Agriculture

Abstract

In recent years the agricultural sector of India has been undergoing rapid changes in view of widespread adoption of new technology, commercialization of agriculture and the growth of capitalist relations in agricultural production. However, variation in efficiency of agricultural production is observed because of credit entitlement issues which are important for new technology adoption. Also, it can be postulated the existence of different forms of agrarian organization which may have its impact on farm efficiency. The present study focuses on efficiency aspects of major types of agricultural organization in the changed context.