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Factors Which Contribute to the Financial Performance of Selected Tennessee Dairies

Published online by Cambridge University Press:  05 September 2016

Kimberly L. Haden  and
Larry A. Johnson
Kimberly L. Haden
Affiliation:
Department of Agricultural Economics and Rural Sociology, University of Tennessee
Larry A. Johnson
Affiliation:
Department of Extension Agricultural Economics and Resource Development, University of Tennessee
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Abstract

The objective of this study was to identify factors which contributed to the financial performance of 81 selected dairy farms in Tennessee. The study analyzes several measures of financial performance including cash farm income, net farm income, and returns to operator labor and management. Regressions with ten explanatory variables were used to determine factors that explained the variation in the measures of financial performance. Production per cow, number of cows, price received for milk, forage costs, and level of debt use appeared to influence financial performance.

Keywords

financial performancedairy operation
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 21 , Issue 1 , July 1989 , pp. 105 - 112
Copyright
Copyright © Southern Agricultural Economics Association 1989

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