Adoption of Milk and Feed Forward Pricing Methods by Dairy Farmers

Christopher Wolf () and Nicole Widmar

Journal of Agricultural and Applied Economics, 2014, vol. 46, issue 4, 14

Abstract: Increasing volatility in milk and feed prices has led to higher levels of market and financial risk for dairy farmers. We examine dairy farmer use of forward pricing methods for milk sales and feed purchases. Operators with larger herds, higher levels of education, and those farm businesses that were not organized as sole proprietorships were more likely to have used forward pricing. We also examine reasons dairy farm operators had not used these tools to date and find that the most common reason was lack of knowledge. These findings may be used to target educational seminars and outreach to dairy farm managers.

Keywords: Agribusiness; Environmental Economics and Policy; Financial Economics (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (6)

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Journal Article: Adoption of Milk and Feed Forward Pricing Methods by Dairy Farmers (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:189100

DOI: 10.22004/ag.econ.189100

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