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Provedor de dados:  AgEcon
País:  United States
Título:  Entry, Exit, and Structural Change in Pennsylvania's Dairy Sector
Autores:  Stokes, Jeffrey R.
Data:  2007-06-27
Ano:  2006
Palavras-chave:  Dairy
Maximum entropy
Farm size
Markov chain
Farm Management
Industrial Organization
Resumo:  Data on the number of Pennsylvania dairy farms by size category are analyzed in a Markov chain setting to determine factors affecting entry, exit, expansion, and contraction within the sector. Milk prices, milk price volatility, land prices, policy, and cow productivity all impact structural change in Pennsylvania's dairy sector. Stochastic simulation analysis suggests that the number of dairy farms in Pennsylvania will likely fall by only 2.0 percent to 2.5 percent annually over the next 20 years, indicating that dairy farming in Pennsylvania is likely to be a significant enterprise for the state in the foreseeable future.
Tipo:  Journal Article
Idioma:  Inglês
Identificador:  26852
Editor:  AgEcon Search
Relação:  Agricultural and Resource Economics Review>Volume 35, Number 2, October 2006
Formato:  17


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