Farm investment and performance in the French (Brittany) dairy sector

This paper investigates the link between farm investment and farm performance considering two types of farms that may have a different investment strategy: farms that are intensive in capital, and farms that have a low capital intensity. Panel data on specialized dairy farms of one sub-region of French Brittany (Ille-et-Vilaine) for the period 2005-2014 were used. Results from adjustment cost models indicate that farms tend to smooth their investments to limit adjustment cost and that farm performance has a negative impact on investment.

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149th EAAE Seminar ‘Structural change in agri-food chains: new relations between farm sector, food industry and retail sector’, Rennes, France, October 27-28, 2016

 Record created 2017-04-01, last modified 2018-01-23

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