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The Impact of bST on Farm Profits

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  • Tauer, Loren W.

Abstract

Data from the same 138 New York dairy farms for the years 1994 through 1997 were used to estimate whether Bovine Somatotropin (bST) generated profits for adopters. Data from these same farms from 1993 were used to sort farms into groups by production per cow, profit per cow, and farm size, in order to test bST response by these delineators. Statistically, farms that used bST on average experienced an output response per cow, but did not profit from using bST. The exception are farms with cows producing between 8159 to 9157 kilograms per cow, who appear to be making money from bST. Lower production per cow farms are getting a bST output response, but are not making money from that response; higher production per cow farms are not even getting a statistically significant output response.

Suggested Citation

  • Tauer, Loren W., 2000. "The Impact of bST on Farm Profits," Working Papers 127677, Cornell University, Department of Applied Economics and Management.
    • Handle: RePEc:ags:cudawp:127677
    DOI: 10.22004/ag.econ.127677
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    References listed on IDEAS

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    1. Knoblauch, Wayne A. & Putnam, Linda D., 1998. "Dairy Farm Business Summary: Eastern New York Renter Summary 1997," EB Series 186430, Cornell University, Department of Applied Economics and Management.
    2. Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119.
    3. 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.
    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. Card, David, 1996. "The Effect of Unions on the Structure of Wages: A Longitudinal Analysis," Econometrica, Econometric Society, vol. 64(4), pages 957-979, July.
    6. Knoblauch, Wayne A. & Putnam, Linda D., 1998. "Dairy Farm Management: Business Summary New York State 1997," Research Bulletins 122692, Cornell University, Department of Applied Economics and Management.
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