Financial performance of New England dairy farms
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.
Year of publication: |
1992
|
---|---|
Authors: | Wadsworth, James J. ; Bravo-Ureta, Boris E. |
Published in: |
Agribusiness. - John Wiley & Sons, Ltd., ISSN 0742-4477. - Vol. 8.1992, 1, p. 47-56
|
Publisher: |
John Wiley & Sons, Ltd. |
Saved in:
Saved in favorites
Similar items by person
-
Consumer Preferences: A Guide to Connecticut Apple Marketing
Leonard, Robert L., (1989)
-
Wadsworth, James J., (1957)
-
International Atomic Energy Agency established
Eisenhower, ..., (1956)
- More ...