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Cow-Calf Producers' Perceived Profit Maximization Objective: A Logit Analysis

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Author Info

  • Young, Katherine D.
  • Shumway, C. Richard

Abstract

A logistic regression (logit) model was developed to examine how socioeconomic characteristics of cow-calf producers influenced their perceptions of themselves as profit maximizers. Amount of pasture acreage, percent of income earned from the cow-calf operation, and desire to increase net worth and efficiently use labor significantly increased the producer's probability of claiming to be in the business primarily to maximize profits. Some sociological reasons for owning cattle significantly reduced the probability of the producer claiming to be a profit maximizer while others significantly increased the probability.

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File URL: http://purl.umn.edu/30294
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Bibliographic Info

Article provided by Southern Agricultural Economics Association in its journal Southern Journal of Agricultural Economics.

Volume (Year): 23 (1991)
Issue (Month): 01 (July)
Pages:

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Handle: RePEc:ags:sojoae:30294

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Web page: http://www.saea.org/jaae/jaae.htm
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Related research

Keywords: Livestock Production/Industries;

References

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  1. Musser, Wesley N. & Martin, Neil R., Jr. & Wise, James O., 1975. "The Beef Cow-Calf Enterprise In The Georgia Piedmont: A Case Study In Conspicuous Production," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 7(01), July.
  2. John Freebairn & Bill Griffiths, 2006. "Introduction," The Economic Record, The Economic Society of Australia, vol. 82(s1), pages S1-S1, 09.
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Cited by:
  1. Popp, Michael P. & Faminow, Merle D. & Parsch, Lucas D., 1999. "Factors Affecting The Adoption Of Value-Added Production On Cow-Calf Farms," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 31(01), April.
  2. Popp, Michael P. & Faminow, Merle D. & Parsch, Lucas D., 1998. "Adoption Of Backgrounding On Cow-Calf Farms," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20800, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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