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Economic Analysis Of The Impacts Of Bovine Somatotropin On The Profitability Of Representative Dairy Farms In The Northeast

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  • Elbehri, Aziz
  • Yonkers, Robert D.

Abstract

This study evaluated the impacts of bST on the profitability of representative Pennsylvania dairy farms using a stochastic simulation model under two initial milk yield-per-cow levels, three levels of milk response to bST, and three milk price forecast scenarios. Results showed that farm profitability was improved with bST, but the magnitude of the benefits from bST depended on the farm's initial milk output per cow and the level of milk response to bST, both of which are related to quality of management. However, modest price declines due to bST-induced increases in the milk supply would have an offsetting effect on farm profitability.

Suggested Citation

  • Elbehri, Aziz & Yonkers, Robert D., 1995. "Economic Analysis Of The Impacts Of Bovine Somatotropin On The Profitability Of Representative Dairy Farms In The Northeast," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 24(1), pages 1-13, April.
    • Handle: RePEc:ags:arerjl:31470
    DOI: 10.22004/ag.econ.31470
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    References listed on IDEAS

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    1. Milligan, Robert & Lesser, William H. & Magrath, William B. & Tauer, Loren & Bauman, Dale, 1985. "Biotechnology and Dairy Industry: Production costs, Commercial Potential, and the Economic Impact of the Bovine Growth Hormone," Research Bulletins 183730, Cornell University, Department of Applied Economics and Management.
    2. Fallert, Richard & McGuckin, Tom & Betts, Carolyn & Bruner, Gary, 1987. "bST and the Dairy Industry: A National, Regional, and Farm-Level Analysis," Agricultural Economic Reports 308035, United States Department of Agriculture, Economic Research Service.
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    Livestock Production/Industries;

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