PRODUCTION AND FINANCIAL IMPACTS OF THE ADOPTION OF BOVINE SOMATOTROPIN ON U.S. DAIRY FARMS

William D. McBride, Sara Short and El-Osta, Hisham

No 19908, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Production and financial impacts of recombinant bovine somatotropin (rbST) adoption are assessed using a survey of U.S. dairy operations and a model that corrects for self-selection bias. A substantial increase in milk production per cow is associated with rbST adoption, but large estimated financial impacts are not statistically significant. Substantial variation in the net returns of rbST adopters may be related to the management-intensive nature of rbST.

Keywords: Livestock Production/Industries (search for similar items in EconPapers)
Date: 2002
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