SUCCESSFUL DAIRY FARM MANAGEMENT STRATEGIES INDENTIFIED BY STOCHASTIC DOMINANCE ANALYSES OF FARM RECORDS

First-degree and second-degree stochastic dominance were used to separate a panel of 112 dairy farms with ten annual observations per farm into successful and less successful groups using four different performance measures. Logit regression using 16 independent variables was then used to determine important farm characteristics leading to farm success. High milk production and controlling hired labor and purchased feed expenses were important. The selective adoption of new technologies was also important. Optimal debt-asset ratios varied over the 10-year period.


Issue Date:
1986-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/29046
Published in:
Northeastern Journal of Agricultural and Resource Economics, Volume 15, Number 2
Page range:
168-177
Total Pages:
10




 Record created 2017-04-01, last modified 2018-01-22

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)