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Extension Decision Aids for the Dairy Termination Program: A Comparative Analysis

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  • Thomas O. Knight
  • Kathryn A. Kubiak

Abstract

Extension economists in many states develop decision aids to assist agricultural producers in evaluating farm program participation. It is important that these analytical procedures yield reliable results. Consistency among procedures is also important when they are used in formulating competitive bids for programs like the Dairy Termination Program. Seven Dairy Termination Program break-even bid procedures are examined. The results show that the analytical approaches are conceptually quite different and that numerical results derived for an example farm are inconsistent.

Suggested Citation

  • Thomas O. Knight & Kathryn A. Kubiak, 1987. "Extension Decision Aids for the Dairy Termination Program: A Comparative Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(4), pages 777-785.
    • Handle: RePEc:oup:ajagec:v:69:y:1987:i:4:p:777-785.
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    File URL: http://hdl.handle.net/10.2307/1242188
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    Cited by:

    1. Gale, H. Frederick, Jr., 1990. "Econometric Analysis Of Farmer Participation In The Dairy Termination Program In North Carolina And Virginia," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(1), pages 1-9, July.
    2. Paudel, Krishna P. & Gauthier, Wayne M. & Hall, Larry M. & Westra, John V., 2006. "Willingness to Participate in Dairy Programs to Reduce Manure Related Problems in Louisiana's Major Dairy Production Region," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35259, Southern Agricultural Economics Association.

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