Financial performance of New England dairy farms

James J. Wadsworth and Boris Bravo-Ureta
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James J. Wadsworth: Agricultural Cooperative Service|USDA, Postal: Agricultural Cooperative Service|USDA

Agribusiness, 1992, vol. 8, issue 1, 47-56

Abstract: This article uses a procedure developed by Melichar to classify 124 New England dairy farms according to their financial performance. Logit regression is then used to estimate a model that seeks to explain the variation in observed financial performance. It was found that 80% of the farms in the sample were in good financial position in 1984. The results of the logit regression suggest that production per cow, farm operating expense per cow, milk price, non-milk sources of farm income, farm size, farm location, and land purchases in the last five-year period are statistically significant determinants of financial performance. Surprisingly, operator education is not statistically significant.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:8:y:1992:i:1:p:47-56

DOI: 10.1002/1520-6297(199201)8:1<47::AID-AGR2720080105>3.0.CO;2-N

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