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Financial Impacts Of Alternative Phosphorus Management Practices: The Case Of Vermont Dairy Farms

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  • Zhang, Wei
  • Parsons, Robert L.

Abstract

The Farm Level Income and Policy Simulation Modeling System (FLIPSim) is used to provide policymakers and dairy farmers estimated farm financial impact on the implementation of five field related Best Management Practices (BMP) designed to reduce phosphorus loading in Lake Champlain. Financial performance indicators are derived from deterministic and stochastic FLIPSim analyses for three Vermont dairy farms (60, 150, and 350 cows). Results indicate that residual management and conservation cropping incur the greatest financial impacts. Nutrient management increases income for the large and medium farms. None of the BMP's caused the farms to go out of business. However, the initial declining financial position of the small farm was hastened by the implementation of all BMP's except the row crop field buffer.

Suggested Citation

  • Zhang, Wei & Parsons, Robert L., 2001. "Financial Impacts Of Alternative Phosphorus Management Practices: The Case Of Vermont Dairy Farms," 2001 Annual meeting, August 5-8, Chicago, IL 20766, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20766
    DOI: 10.22004/ag.econ.20766
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    References listed on IDEAS

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    1. Hanchar, John J. & Knoblauch, Wayne A. & Milligan, Robert A., 1998. "Constraining Phosphorus in Surface Water: Dairy Farm Resource Use and Profitability," Working Papers 179328, Cornell University, Department of Applied Economics and Management.
    2. Hanchar, John J. & Knoblauch, Wayne A. & Milligan, Robert A., 1998. "Constraining Phosphorus In Surface Water: Dairy Farm Resource Use And Profitability," Working Papers 7247, Cornell University, Department of Applied Economics and Management.
    3. Schnitkey, Gary D. & Miranda, Mario J., 1993. "The Impact Of Pollution Controls On Livestock-Crop Producers," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(1), pages 1-12, July.
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    1. Marc O. Ribaudo & Robert C. Johansson, 2007. "Nutrient Management Use at the Rural-Urban Fringe: Does Demand for Environmental Quality Play a Role?," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 29(4), pages 689-699.

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    Livestock Production/Industries;

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