Economic Analysis of Dairy Farms in Korea - Analysis of Milk Production Function, Analysis by Different Size of Cows

Jong Moo Kim

No 346410, 11th Congress, University of Calgary, Canada, July 14-19, 1997 from International Farm Management Association

Abstract: Milk is produced on dairy farms and consumed by the urban population. Dairy farmers must earn a higher level offarm income by applying economic level of input materials such as concentrates, farmers9 own labor and hired labor. There are different sizes of dairy farms having less than 10 cows, 10-15 cows and more than 15 cows. The increasing level of concentrates may increase the level of farm income per dairy cow as some results of analysis of production function. There are certainly different increasing/decreasing aspects of farmers9 own labor and hired labor affecting level of income per cow. It might be certainly necessary to have a further research on development of different size of dairy farms in relation to level of education and number of years by farm managers. The level of price of milk may also influence to increase and/or decrease size of dairy farms.

Keywords: Productivity; Analysis (search for similar items in EconPapers)
Pages: 16
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ifma97:346410

DOI: 10.22004/ag.econ.346410

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