Factors affecting returns to labor and management on U.S. dairy farms

Ashok Mishra, Mitchell J. Morehart

Research output: Contribution to journalArticle

25 Citations (Scopus)

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.

Original languageEnglish (US)
Pages (from-to)123-140
Number of pages18
JournalAgricultural Finance Review
Volume61
Issue number2
StatePublished - Nov 1 2001
Externally publishedYes

Fingerprint

dairy farming
labor
income
dairy farm management
extension agents
variable costs
farm size
educational status
Education
education
regression analysis
farms
Regression Analysis
Organizations
Costs and Cost Analysis
Factors
Operator
Dairy farms
Labor
Farms

Keywords

  • Dairy farms
  • Education
  • Extension
  • Returns to labor and management

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics
  • Agricultural and Biological Sciences (miscellaneous)
  • Strategy and Management

Cite this

Factors affecting returns to labor and management on U.S. dairy farms. / Mishra, Ashok; Morehart, Mitchell J.

In: Agricultural Finance Review, Vol. 61, No. 2, 01.11.2001, p. 123-140.

Research output: Contribution to journalArticle

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