Factors Influencing Farmers’ Selection of a Milk Handler

Richard L. Kilmer, Jonq-Ying Lee and Dale Carley

Journal of Agricultural and Applied Economics, 1994, vol. 26, issue 2, 443-450

Abstract: A structural probit model is estimated to determine the change in the probability of selecting a milk handler. Cooperatives are thought to have lower prices and higher deductions than independent milk handlers and these factors reduce the probability that a farmer will select a cooperative by 0.39 and 0.32. Cooperatives are thought to have better services and an assured market and payment than independent milk handlers and these factors increase the probability that a farmer will select a cooperative by 0.20 and 0.26. This indicates that many cooperative members value monetary characteristics over non-monetary characteristics.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:26:y:1994:i:02:p:443-450_02

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