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Production And Financial Impacts Of The Adoption Of Bovine Somatotropin On U.S. Dairy Farms

Author

Listed:
  • McBride, William D.
  • Short, Sara D.
  • El-Osta, Hisham S.

Abstract

Production and financial impacts of recombinant bovine somatotropin (rbST) adoption are assessed using a survey of U.S. dairy operations and a model that corrects for self-selection bias. A substantial increase in milk production per cow is associated with rbST adoption, but large estimated financial impacts are not statistically significant. Substantial variation in the net returns of rbST adopters may be related to the management-intensive nature of rbST.

Suggested Citation

  • McBride, William D. & Short, Sara D. & El-Osta, Hisham S., 2002. "Production And Financial Impacts Of The Adoption Of Bovine Somatotropin On U.S. Dairy Farms," 2002 Annual meeting, July 28-31, Long Beach, CA 19908, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea02:19908
    DOI: 10.22004/ag.econ.19908
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    References listed on IDEAS

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    1. Zdenko Stefanides & Loren W. Tauer, 1999. "The Empirical Impact of Bovine Somatotropin on a Group of New York Dairy Farms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 95-102.
    2. Bradford L. Barham, 1996. "Adoption of a Politicized Technology: bST and Wisconsin Dairy Farmers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 1056-1063.
    3. Kinnucan, Henry & Hatch, Upton & Molnar, Joseph J. & Venkateswaran, Meenakshi, 1990. "Scale Neutrality of Bovine Somatotropin: Ex Ante Evidence from the Southeast," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(2), pages 1-12, December.
    4. Bruce W. Marion & Robert L. Wills, 1990. "A Prospective Assessment of the Impacts of Bovine Somatotropin: A Case Study of Wisconsin," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(2), pages 326-336.
    5. Feder, Gershon & Just, Richard E & Zilberman, David, 1985. "Adoption of Agricultural Innovations in Developing Countries: A Survey," Economic Development and Cultural Change, University of Chicago Press, vol. 33(2), pages 255-298, January.
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    7. W. Lesser & John Bernard & Kaafee Billah, 1999. "Methodologies for ex ante projections of adoption rates for agbiotech products: Lessons learned from rBST," Agribusiness, John Wiley & Sons, Ltd., vol. 15(2), pages 149-162.
    8. Caswell, Margriet F. & Fuglie, Keith O. & Klotz, Cassandra A., 1994. "Agricultural Biotechnology: An Economic Perspective," Agricultural Economic Reports 262025, United States Department of Agriculture, Economic Research Service.
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    10. C. Klotz & A. Sana & L.J. (Bees) Butler, 1995. "The Role of Information in Technology Adoption: The Case of rbST in the California Dairy Industry," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 17(3), pages 287-298.
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    Cited by:

    1. Bradford L. Barham & Jeremy D. Foltz & Sunung Moon & Douglas Jackson-Smith, 2004. "A Comparative Analysis of Recombinant Bovine Somatotropin Adoption across Major U.S. Dairy Regions," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(1), pages 32-44.

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