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Feed Procurement Methods For Southeastern Minnesota Dairy Farms: A Comparison Using Lp Analysis

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  • Bauman, Ronda
  • Hammond, Jerome W.

Abstract

The principal objective of this study is to determine the financial impacts of changing feed procurement strategies for a specified southeastern Minnesota dairy farm. Growing all feed for the dairy herd on the farm itself, currently the most prominent mode of procurement, is compared to: (1) producing all forage and purchasing all concentrate feeds from others, and (2) purchasing all feeds from others. The effect of herd size on the comparisons is considered to determine if size has a bearing on the chosen method of feed procurement.

Suggested Citation

  • Bauman, Ronda & Hammond, Jerome W., 1993. "Feed Procurement Methods For Southeastern Minnesota Dairy Farms: A Comparison Using Lp Analysis," Staff Papers 13705, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13705
    DOI: 10.22004/ag.econ.13705
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    File URL: https://ageconsearch.umn.edu/record/13705/files/p93-13.pdf
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    References listed on IDEAS

    as
    1. Fuller, Earl I., 1991. "A User'S Guide To Smallp - Version 7.0 A Micro-Computer Based Mathematical Programming Algorithm," Staff Papers 13499, University of Minnesota, Department of Applied Economics.
    2. Helming, John F.M., 1990. "Identification And An L.P. Analysis Of Alternative Plans For Dairy Farm Adjustment In South-Eastern Minnesota," Staff Papers 13607, University of Minnesota, Department of Applied Economics.
    3. Olson, Kent D. & Weness, Erlin J. & Talley, Dary E. & Fales, Perry A., 1991. "Southwestern Minnesota Farm Business Management Association 1990 Annual Report," Economic Reports 13023, University of Minnesota, Department of Applied Economics.
    4. Helming, John F.M. & Hammond, Jerome W., 1991. "Potential Impacts Of Bst On The Minnesota Milk Supply," Staff Papers 14119, University of Minnesota, Department of Applied Economics.
    5. Legg, Thomas D. & Fletcher, Jerald J. & Easter, K. William, 1988. "Nitrogen Management In Southeastern Minnesota," Economic Reports 13020, University of Minnesota, Department of Applied Economics.
    6. Buxton, Boyd M. & McGuckin, Tom & Selley, Roger & Willet, Gayle, 1985. "Milk Production: A Four-State Earnings Comparison," Agricultural Economic Reports 307972, United States Department of Agriculture, Economic Research Service.
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    Keywords

    Livestock Production/Industries;

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