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Financial performance of New England dairy farms

Author

Listed:
  • James J. Wadsworth

    (Agricultural Cooperative Service|USDA)

  • Boris E. Bravo-Ureta

    (Department of Agricultural and Resource Economics at the University of Connecticut, Storrs)

Abstract

This article uses a procedure developed by Melichar to classify 124 New England dairy farms according to their financial performance. Logit regression is then used to estimate a model that seeks to explain the variation in observed financial performance. It was found that 80% of the farms in the sample were in good financial position in 1984. The results of the logit regression suggest that production per cow, farm operating expense per cow, milk price, non-milk sources of farm income, farm size, farm location, and land purchases in the last five-year period are statistically significant determinants of financial performance. Surprisingly, operator education is not statistically significant.

Suggested Citation

  • James J. Wadsworth & Boris E. Bravo-Ureta, 1992. "Financial performance of New England dairy farms," Agribusiness, John Wiley & Sons, Ltd., vol. 8(1), pages 47-56.
    • Handle: RePEc:wly:agribz:v:8:y:1992:i:1:p:47-56
    DOI: 10.1002/1520-6297(199201)8:1<47::AID-AGR2720080105>3.0.CO;2-N
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    Cited by:

    1. Josep M. Argilés, 2002. "Importancia de la información contable para el análisis y predicción de la viabilidad de las explotaciones agrícolas," Economics Working Papers 612, Department of Economics and Business, Universitat Pompeu Fabra.
    2. Jaume Puig & Josep M. Argilés, 2000. "Measuring and explaining farm inefficiency in a panel data set of mixed farms," Economics Working Papers 503, Department of Economics and Business, Universitat Pompeu Fabra.
    3. Josep M. Argilés, 1998. "Accounting information and the prediction of farm viability," Economics Working Papers 277, Department of Economics and Business, Universitat Pompeu Fabra.
    4. Puig-Junoy, Jaume & Argiles, Josep M., 2004. "The influence of management accounting use on farm inefficiency," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 5(2), pages 1-20, August.
    5. Vaida Stulpinienė & Vida Čiulevičienė, 2014. "Agricultural Support Influence On Farm Financial Stability," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 8(1), pages 936-946.

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