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PR - Milk Components And Farm Business Characteristics: Estimation Of Production Functions Versus A Multiple Output Distance Function

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  • Cho, Jaesung
  • Tauer, Loren W.

Abstract

The effects of inputs and business factors on the four milk outputs of aggregate milk, butterfat, protein, and other solids were estimated using four individual production functions, and a separate stochastic output distance function, with New York dairy farm data. Results show that 13 independent variables out of 22 display statistically significant effects on the production of at least one of the four milk components. Differential impacts of some inputs on component production indicate that milk component composition can be modified given component prices. Profit increase potentials were computed for inputs.

Suggested Citation

  • Cho, Jaesung & Tauer, Loren W., 2007. "PR - Milk Components And Farm Business Characteristics: Estimation Of Production Functions Versus A Multiple Output Distance Function," 16th Congress, Cork, Ireland, July 15-20, 2007 345364, International Farm Management Association.
    • Handle: RePEc:ags:ifma07:345364
    DOI: 10.22004/ag.econ.345364
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    References listed on IDEAS

    as
    1. Steven Buccola & Yoko Iizuka, 1997. "Hedonic Cost Models and the Pricing of Milk Components," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 452-462.
    2. Bernhard Brümmer & Thomas Glauben & Geert Thijssen, 2002. "Decomposition of Productivity Growth Using Distance Functions: The Case of Dairy Farms in Three European Countries," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(3), pages 628-644.
    3. Blair J. Smith & Stephen D. Snyder, 1978. "Effects of Protein and Fat Pricing on Farm Milk Prices for the Five Major U.S. Dairy Breeds," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(1), pages 126-131.
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