@article{Chang:127012,
      recid = {127012},
      author = {Chang, Hung-Hao and Schmit, Todd M. and Boisvert, Richard  N. and Tauer, Loren W.},
      title = {Quantifying Sources of Dairy Farm Business Risk and  Implications for Risk Management Strategies},
      address = {2007},
      number = {642-2016-44324},
      series = {WP},
      pages = {16},
      year = {2007},
      abstract = {Major sources of variability in net farm income on New  York dairy farms over the past 10
years are identified  using variance decomposition methods. The most important  source of
income variability is the fluctuation in milk  prices, followed closely by year-to-year variation
in the  quantity of purchased feeds. The degree of success in  engaging in activities that
increase diversification and  lead to variance reductions in farm income are higher for  older
farmers and for those that utilize milking parlors,  use recombinant bovine somatotropin, have
greater assets  per cow, and have engaged in activities to earn income from  off-farm sources.},
      url = {http://ageconsearch.umn.edu/record/127012},
      doi = {https://doi.org/10.22004/ag.econ.127012},
}