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

Ashok K. Mishra, Mitchell J. Morehart

Research output: Contribution to journalArticle

26 Scopus citations

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
DOIs
StatePublished - Nov 1 2001
Externally publishedYes

Keywords

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

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics, Econometrics and Finance (miscellaneous)

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