... that lead to higher profitability measures to nonfamily farms. We find little evidence of any inherent structural differences between family and nonfamily farms that helps explain financial outcomes related to leverage or household finances. Practical implications We conclude that including nonfamily...

...Levi A. Russell; Brian C. Briggeman; Allen M. Featherstone Purpose The purpose of this paper is to examine the extent to which agency costs of leverage are present in farm supply and marketing cooperatives. Design/methodology/approach The authors calculate total factor productivity growth...