We study the effect of alleviating information asymmetry regarding product quality that is widespread in developing-country agricultural markets. Opportunistic buyers may underreport quality levels back to farmers to reduce the price they have to pay. In response, farmers may curb investment,...

This report summarizes the financial and production records of 116 dairy farms from throughout Michigan in 2008. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State University’s...

We estimate a production function for U.S. dairy farming to examine the productivity of organic and non-organic dairy production by system and size. Across organic/non-organic systems and size classes, size is the major determinant of competitiveness based on various measures of productivity and...

This paper compares innovation systems in three main Scottish livestock sectors: dairy, beef, and sheep, using the uptake of Estimated Breed Values (EBVs) across these three sectors. We apply an innovation systems approach to identify systemic challenges within these sectors. Barriers to the...

In food retailing a high degree of static price dispersion between and within stores and between brands has been documented, but at the brand and/or retail outlet level the dynamic behaviour of prices, as well as its causes, have not been analysed in the European food market context. In this...

Legislation has prompted changes in milk price volatility. Milk price volatility impacts the producer's exposure to business risk which is compound by the firms financial risk. Financial risk is a function of the firms capital structure. In the short run it is difficult for the producer to...

Legislation has prompted changes in milk price volatility. Milk price volatility impacts the producer's exposure to business risk which is compound by the firms financial risk. Financial risk is a function of the firms capital structure. In the short run it is difficult for the producer to...

Adjustment of small, medium, and large Vermont dairy farms to successively tighter constraints on phosphorus loss was modeled using linear programming. Aggregate response to phosphorus control was estimated for an area from farm marginal costs. Medium and large farms have lower costs than small...

Interest in Management Intensive Grazing (MIG) of dairy cattle has increased during the last 2 decades. Most dairy producers utilizing MIG were former confinement or non-intensive pasture operations while the others started their operation with MIG. While research publications tout the financial...

A quarterly econometric model of the U.S. dairy sector has been developed for use in short-to medium-term outlook and policy analyses. Simulations of the model indicate that it performs quite well both during the estimation period and during an eight-quarter interval beyond the estimation...