The regional impacts of technical change on the U.S. dairy are assessed in terms of production and income distribution through a dynamic equilibrium model. Productivity increases are projected to raise the national market share of the Northeast, Lake States and Pacific regions at the expense of...

Stochastic dominance was used to group 112 dairy farms based upon 10 years of returns to equity capital. Debt strategies of farms partitioned by first-degree stochastic dominance were similar. Second-degree efficient farms were consistently less indebted. Compared to 1974-1978, debt management...