Factors affecting returns to labor and management on U.S. dairy farms
Abstract
The objective of this study was to identify factors that contribute to returns to operators’ labor and management of dairy farms in the U.S. Particular attention is given to the role of education and extension. Operators’ labor and management income (OLMI) is used as a measure of financial success. Regression analysis shows farm size, farm organization, level of education, and participation in extension activities and use of extension agents are important factors influencing OLMI. Further, forward contracting of inputs and other measures for controlling variable costs are also important factors in determining the financial success of dairy farms.
Keywords
Citation
Mishra, A.K. and Morehart, M.J. (2001), "Factors affecting returns to labor and management on U.S. dairy farms", Agricultural Finance Review, Vol. 61 No. 2, pp. 123-140. https://doi.org/10.1108/00214790180001120
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited