EconPapers    
Economics at your fingertips  
 

Explaining Changes in the Distribution of Annual Dairy Farm Income over Time

Hung-Hao Chang (), Richard N. Boisvert and Loren W. Tauer

No 6544, 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper identifies factors affecting the distribution of farm income among dairy producers over time. Using data from participants in Cornell's Dairy Farm Record Program, we decompose differences of farm income distributions into those due to: differences in means of observable farm characteristics, differential marginal effects of characteristics and unobserved random error. The distribution of farm income is affected by factors reflecting the operators' experience and investment in human capital and indicators of management efficiency and level of capital investment. The marked changes in marginal contributions of these factors explain most of the total change in the distribution of income.

Keywords: Dairy farm income distribution; Decomposition; Farm Management; Livestock Production/Industries (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://purl.umn.edu/6544 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ags:aaea08:6544

Access Statistics for this paper

More papers in 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Contact information at EDIRC.
Series data maintained by AgEcon Search ().

 
Page updated 2014-03-30
Handle: RePEc:ags:aaea08:6544