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Economic Analysis of Dairy Farms in Korea - Analysis of Milk Production Function, Analysis by Different Size of Cows

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  • Kim, Jong Moo

Abstract

Milk is produced on dairy farms and consumed by the urban population. Dairy farmers must earn a higher level offarm income by applying economic level of input materials such as concentrates, farmers9 own labor and hired labor. There are different sizes of dairy farms having less than 10 cows, 10-15 cows and more than 15 cows. The increasing level of concentrates may increase the level of farm income per dairy cow as some results of analysis of production function. There are certainly different increasing/decreasing aspects of farmers9 own labor and hired labor affecting level of income per cow. It might be certainly necessary to have a further research on development of different size of dairy farms in relation to level of education and number of years by farm managers. The level of price of milk may also influence to increase and/or decrease size of dairy farms.

Suggested Citation

  • Kim, Jong Moo, 1997. "Economic Analysis of Dairy Farms in Korea - Analysis of Milk Production Function, Analysis by Different Size of Cows," 11th Congress, University of Calgary, Canada, July 14-19, 1997 346410, International Farm Management Association.
    • Handle: RePEc:ags:ifma97:346410
    DOI: 10.22004/ag.econ.346410
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    References listed on IDEAS

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    1. Lydia Zepeda, 1995. "Asymmetry and Nonstationarity in the Farm Size Distribution of Wisconsin Milk Producers: An Aggregate Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(4), pages 837-852.
    2. Daniel A. Sumner & James D. Leiby, 1987. "An Econometric Analysis of the Effects of Human Capital on Size and Growth among Dairy Farms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(2), pages 465-470.
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