The assessment of the current development state of peasant farms is carried out based on the reports on the socioeconomic development along with the analysis of economic indicators and other data. The definition of these indices will help us to do a comprehensive analysis of problems and farm development prospects. There are various methods to assess the development level of peasant farms, which are based on strategic methods of comparison of performance indices in the agricultural sector. Parametric methods, which are expected to have a production functions, most adequately reflect the comparative analysis of economic agents at a competitive market. The method of Stochastic Frontier Analysis (SFA) is proposed to determine the comparative economic indices of peasant farms. The Cobb Douglas function has been selected as a production function, which, according to the maximum likelihood method, conforms with the original data in the best way.