Dairy Farm Management Adjustments to Biofuels-Induced Changes in Agricultural Markets

Todd Schmit, Richard N. Boisvert, Dolapo K. Enahoro and Larry Chase

No 51155, Working Papers from Cornell University, Department of Applied Economics and Management

Abstract: A mathematical programming model of a representative New York dairy farm is developed to identify optimal management adjustments to increased availability of corn distillers dried grains with solubles (DDGS). While at current prices DDGS feeding is limited to dry cows and young stock, as prices decrease, DDGS in lactating cow rations increase from 7.4% to 20% on a dry matter basis. While expected changes in net farm returns are modest, more important is the consideration of changes in nutrient management practices necessary to deal with increasing levels of nitrogen and phosphorus in the animal waste.

Keywords: Agribusiness; Agricultural Finance; Farm Management; Financial Economics; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 31
Date: 2008-08-19
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Persistent link: https://EconPapers.repec.org/RePEc:ags:cudawp:51155

DOI: 10.22004/ag.econ.51155

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