A Comparison of Market Exit Prices between Kentucky Dairy Producers and Average United States Dairy Producers

The number of dairy operations and cow numbers in the United States is declining. This leads to the question of whether the decline is nationwide or in specific areas of the country and what regional effects may cause a drop in cow cumbers. This question was analyzed in many ways. Using the GLM procedure in SAS it was determined that total operating cost and profit margin were significantly different in regions of the country. Change in cow numbers however was not significantly affected by the total operating cost or profit margin received by dairy producers. Even though the southeast region experienced the highest profit margins they also accounted for the highest drop in cow numbers. These results suggest that region of the country is significant when analyzing operating costs and profit margins but does not explain the drop in dairy cattle.


Subject(s):
Issue Date:
2015
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/196757
Total Pages:
6
Series Statement:
Control ID #87




 Record created 2017-04-01, last modified 2018-01-19

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