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Journal of Agricultural and Resource Economics >
Volume 25, Number 01, July 2000 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/30826
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| Title: | EFFICIENCY AND ECONOMIC PERFORMANCE: AN APPLICATION OF THE MIMIC MODEL |
| Authors: | Richards, Timothy J.
Jeffrey, Scott R. |
| Issue Date: | 2000-07 |
| Abstract: | Using measures of allocative, technical, and overall efficiency as indicators of a latent "performance" variable, and a set of farm operating ratios as indicators of the amount of effort to improve the quality of feeding, breeding, and labor productivity, we employ a multiple-indicator, multiple-cause (MIMIC) model of Alberta dairy production to determine the factors that contribute to economic performance. Gains in performance may be made through increased milk yield, herd size, breeding program quality, and labor quality, but not by operator experience or increased expenditures on feeding programs. Consequently, the industry trend toward larger dairy herds may indeed improve the economic performance of dairy operators. |
| URI: | http://purl.umn.edu/30826 |
| Institution/Association: | Journal of Agricultural and Resource Economics>Volume 25, Number 01, July 2000 |
| Total Pages: | 20 |
| Language: | English |
| From Page: | 232 |
| To Page: | 251 |
| Collections: | Volume 25, Number 01, July 2000
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| 25010232.pdf | 1527Kb | PDF | View/Open |
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