SUCCESSFUL DAIRY FARM MANAGEMENT STRATEGIES INDENTIFIED BY STOCHASTIC DOMINANCE ANALYSES OF FARM RECORDS

Jonas B. Kauffman and Loren W. Tauer

Northeastern Journal of Agricultural and Resource Economics, 1986, vol. 15, issue 2, 10

Abstract: First-degree and second-degree stochastic dominance were used to separate a panel of 112 dairy farms with ten annual observations per farm into successful and less successful groups using four different performance measures. Logit regression using 16 independent variables was then used to determine important farm characteristics leading to farm success. High milk production and controlling hired labor and purchased feed expenses were important. The selective adoption of new technologies was also important. Optimal debt-asset ratios varied over the 10-year period.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Date: 1986
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
https://ageconsearch.umn.edu/record/29046/files/15020168.pdf (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: https://EconPapers.repec.org/RePEc:ags:nejare:29046

DOI: 10.22004/ag.econ.29046

Access Statistics for this article

More articles in Northeastern Journal of Agricultural and Resource Economics from Northeastern Agricultural and Resource Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().