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Measuring The Risks Of New York Dairy Farmers

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  • Schmit, Todd M.
  • Boisvert, Richard N.
  • Tauer, Loren W.

Abstract

Decomposition methods suggest major contributors to variability in returns to New York dairy farms are purchased feed quantities and milk production; milk price variability contributes substantially less. Decomposing the Gini measure of income inequality indicates that milk revenues and purchased feed expenditures contribute most to farm return inequality over time.

Suggested Citation

  • Schmit, Todd M. & Boisvert, Richard N. & Tauer, Loren W., 1999. "Measuring The Risks Of New York Dairy Farmers," 1999 Annual meeting, August 8-11, Nashville, TN 21549, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:21549
    DOI: 10.22004/ag.econ.21549
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    References listed on IDEAS

    as
    1. Oscar R. Burt & Robert M. Finley, 1968. "Statistical Analysis of Identities in Random Variables," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(3), pages 734-744.
    2. Boisvert, Richard N. & Ranney, Christine K., 1991. "The Budgetary Implications of Reducing U.S. Income Inequality Through Income Transfer Programs," Research Bulletins 123104, Cornell University, Department of Applied Economics and Management.
    3. Stark, Oded & Taylor, J Edward & Yitzhaki, Shlomo, 1986. "Remittances and Inequality," Economic Journal, Royal Economic Society, vol. 96(383), pages 722-740, September.
    4. Lerman, Robert I & Yitzhaki, Shlomo, 1985. "Income Inequality Effects by Income," The Review of Economics and Statistics, MIT Press, vol. 67(1), pages 151-156, February.
    5. Boisvert, Richard N. & Bills, Nelson L., 1984. "Variability Of New York'S Agricultural Use Values And Its Implications For Policy," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 13(2), pages 1-10, October.
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