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Structure, Management, and Performance Characteristics of Specialized Dairy Farm Businesses in the United States

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  • Short, Sara D.

Abstract

The U.S. dairy industry faces a changing government policy environment in the year 2000. Milk producers are struggling, and will continue to struggle, to adjust to markets that are more dependent on the forces of supply and demand. Data from the 1993-95 Farm Costs and Returns Surveys and the 1996 Agricultural Resource Management Study show that dairy farm businesses in general did a fairly good job of meeting short-term debt, generating returns, and meeting long-term debt from 1993 to 1996. The analysis indicates that farm management strategies will play an important role in determining the overall profitability of a dairy farm business as Government supports decline. However, the 1996 data suggest that changes in management techniques are adopted slowly.

Suggested Citation

  • Short, Sara D., 2000. "Structure, Management, and Performance Characteristics of Specialized Dairy Farm Businesses in the United States," Miscellaneous Publications 330086, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:330086
    DOI: 10.22004/ag.econ.330086
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    References listed on IDEAS

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    1. Kauffman, Jonas B. III & Tauer, Loren W., 1986. "Successful Dairy Farm Management Strategies Indentified By Stochastic Dominance Analyses Of Farm Records," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 15(2), pages 1-10, October.
    2. Smith, Stuart F. & Putnam, Linda D., 1988. "Dairy Farm Business Summary: Northern New York 1987," EB Series 186047, Cornell University, Department of Applied Economics and Management.
    3. Morehart, Mitchell J. & Nielsen, Elizabeth G. & Johnson, James D., 1988. "Development and use of financial ratios for the evaluation of farm businesses," Technical Bulletins 312298, United States Department of Agriculture, Economic Research Service.
    4. Kaiser, Harry M. & Morehart, Mitchell J., 1994. "A Regional Comparison Of Farm Costs And Returns Among Top Dairy Producers," Staff Papers 13647, University of Minnesota, Department of Applied Economics.
    5. Smith, Stuart F. & Knoblauch, Wayne A. & Putnam, Linda D., 1988. "Dairy Farm Management: Business Summary- New York 1987," Research Bulletins 183334, Cornell University, Department of Applied Economics and Management.
    6. Haden, Kimberly L. & Johnson, Larry A., 1989. "Factors Which Contribute To The Financial Performance Of Selected Tennessee Dairies," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(1), pages 1-8, July.
    7. Haden, Kimberly L. & Johnson, Larry A., 1989. "Factors Which Contribute to the Financial Performance of Selected Tennessee Dairies," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(1), pages 105-112, July.
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    Cited by:

    1. Short, Sara D., 2003. "Effects Of Low Milk Prices On U.S. Dairy Farms In 2000," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35213, Southern Agricultural Economics Association.
    2. Huang, Wen-Yuan & Short, Sara D., 2002. "The Economic Impacts Of Epa'S Cafo Rule On Dairy Farms In Cornbelt, Upper-Midwest, And Northeast Regions," 2002 Annual meeting, July 28-31, Long Beach, CA 19801, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. du Toit, J.P. & Ortmann, Gerald F. & Ramroop, S., 2010. "Factors influencing the long-term competitiveness of commercial milk producers: evidence from panel data in East Griqualand, South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 49(1), pages 1-22, March.
    4. Bhuyan, Sanjib & Postel, Michael, 2009. "Determinants of Organic Dairy Farm Profitability: Some Evidence from the Northeast United States," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49934, Agricultural and Applied Economics Association.
    5. Balagtas, Joseph Valdes & Sumner, Daniel A., 2004. "Milk Marketing Orders And Milk Sanitation Regulation: Re-Evaulating Marketing Orders' Welfare Effects," 2004 Annual meeting, August 1-4, Denver, CO 20399, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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