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Adoption decisions and profitability of advanced breeding technologies are analyzed for U.S. dairy farms. The bivariate probit with selection model is used. Results show that specialized, younger, more educated farmers with longer planning horizons are more likely to adopt the technologies, with...
Persistent link: https://www.econbiz.de/10008922605
The assumption of homogeneity between family and hired farm labor is common in farm labor research. Controlling for region and farm size, this study employs a seemingly unrelated regression analysis to jointly estimate a translog cost function and factor cost shares to determine the elasticity...
Persistent link: https://www.econbiz.de/10008922636
In recent years, significant structural and production system changes have been noted in the U.S. and European Union, as well as increased interest in pasture-based dairy systems. Technical efficiency, returns to scale, and farm characteristics are compared by size and production system in...
Persistent link: https://www.econbiz.de/10008922677
Profitability and labor associated with rotational grazing at three stocking rates and continuous grazing at a medium stocking rate are compared. On a per-acre basis, profits are lowest for low stocking rate rotational grazing. Labor is greatest on both per-acre and per-cow bases with high...
Persistent link: https://www.econbiz.de/10008922703