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Registros recuperados: 57
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SHORT-RUN AND LONG-RUN EFFICIENCIES OF NEW YORK DAIRY FARMS AgEcon
Tauer, Loren W..
Short-run and long-run technical and allocative efficiencies were computed for 395 New York dairy farms using data envelopment or nonparametric procedures on 1990 Dairy Farm Business Summary data. The farms were, on average, more allocatively efficient in the short run than in the long run, but were more technically efficient in the long run than in the short run. Stanchion barns were as efficient as milking parlors, and milking more than two times per day did not increase efficiency.
Tipo: Journal Article Palavras-chave: Productivity Analysis.
Ano: 1993 URL: http://purl.umn.edu/31637
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SUCCESSFUL DAIRY FARM MANAGEMENT STRATEGIES INDENTIFIED BY STOCHASTIC DOMINANCE ANALYSES OF FARM RECORDS AgEcon
Kauffman, Jonas B. III; Tauer, Loren W..
First-degree and second-degree stochastic dominance were used to separate a panel of 112 dairy farms with ten annual observations per farm into successful and less successful groups using four different performance measures. Logit regression using 16 independent variables was then used to determine important farm characteristics leading to farm success. High milk production and controlling hired labor and purchased feed expenses were important. The selective adoption of new technologies was also important. Optimal debt-asset ratios varied over the 10-year period.
Tipo: Journal Article Palavras-chave: Livestock Production/Industries.
Ano: 1986 URL: http://purl.umn.edu/29046
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TECHNICAL EFFICIENCY OF NEW YORK DAIRY FARMS AgEcon
Tauer, Loren W.; Belbase, Krishna P..
The technical efficiencies of New York dairy farms were estimated using a frontier production function. The average farm was 69 percent efficient. Individual farm efficiency was regressed on variables not considered inputs to explain why a farm was not on the frontier. Favorable location in the state and larger size (cows) as proxies for technology lead to greater efficiency. Participation in the Dairy Herd Improvement Cooperative and use of mail-in computerized records as proxies for management result in a reduction in efficiency. However, only 9 percent of variation in farm efficiency could be explained.
Tipo: Journal Article Palavras-chave: Livestock Production/Industries; Productivity Analysis.
Ano: 1987 URL: http://purl.umn.edu/28894
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The Causes of Economic Inefficiencies in New York Dairy Farms AgEcon
Thomas, Arthur C.; Tauer, Loren W..
Technical and overall cost efficiencies are measured for 125 New York dairy farms. Explanatory models of efficiencies are estimated to determine how farms can increase their efficiencies. Changes in efficiencies are explained by changes in both assets and prices. Efficiency levels are explained by farm and operator characteristics.
Tipo: Working Paper Palavras-chave: Livestock Production/Industries.
Ano: 1991 URL: http://purl.umn.edu/121482
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THE ECONOMIC IMPACT OF BGH ON THE NEW YORK STATE DAIRY SECTOR: COMPARATIVE STATIC RESULTS AgEcon
Magrath, William B.; Tauer, Loren W..
The price and quantity effects of a forthcoming biotechnology product, bovine growth hormone (bGH), are explored in a simple partial equilibrium model. The model is based on previous theoretical work on technological change but is developed in terms of a sector output. A particular output curve is estimated using data from a random sample of New York State dairy farms. Information on the farm level production effects of bGH is used to shift the output curve and to solve for equilibrium levels of price and output. The model projects the bGH may lead to the exit of 5,400 New York dairy farms and a 20 percent reduction in herd size. Consumers will benefit from an approximately 30 percent drop in milk price. The effect on gradual diffusion of bGH on farm...
Tipo: Journal Article Palavras-chave: Livestock Production/Industries.
Ano: 1986 URL: http://purl.umn.edu/28882
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The economic impact of future biological nitrogen fixation technologies AgEcon
Tauer, Loren W..
The economic impact of some future biological nitrogen fixation technologies are estimated using AGSIM, a dynamic, partial equilibrium, econometric model of the U.S. agricultural sector. Five separate scenarios were modeled: (1) legumes fix more nitrogen, (2) legumes fix more nitrogen with an increase in legumes yields of 10 percent, (3) nitrogen fertilization requirements on all crops are reduced 50 percent with no yield changes, (4) total elimination of nitrogen fertilization and (5) total elimination of nitrogen fertilization and non-legume yields decrease 10 percent. Results indicate that biological nitrogen fixation technologies have a high value to society. Increasing the efficiency of legumes to fix nitrogen may have an annual benefit of $1,067...
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 1988 URL: http://purl.umn.edu/7271
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THE EFFECTS OF AGRICULTURAL PRODUCTION ON ENVIRONMENTAL QUALITY: INTRODUCTION AgEcon
Tauer, Loren W..
Tipo: Journal Article Palavras-chave: Environmental Economics and Policy.
Ano: 1991 URL: http://purl.umn.edu/28814
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THE EMPIRICAL IMPACT OF BOVINE SOMATOTROPIN ON A GROUP OF NEW YORK DAIRY FARMS AgEcon
Stefanides, Zdenko; Tauer, Loren W..
Data from a panel of New York Dairy farms were used to estimate rbST adoption functions, and to measure the impact of rbST on milk output and profitability per cow. Adoption results are consistent with previous rbST adoption studies. Farm size, productivity and education of the principal operator are the most important explanatory variables influencing adoption. The use of rbST was found to significantly increase milk output per cow net of other explanatory variables, correcting for self-selection with respect to rbST use. The impact on profits, was, however, not statistically different from zero at any conventional statistical significance level.
Tipo: Working or Discussion Paper Palavras-chave: Livestock Production/Industries.
Ano: 1998 URL: http://purl.umn.edu/7263
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THE EMPIRICAL IMPACT OF BOVINE SOMATOTROPIN ON A GROUP OF NEW YORK DAIRY FARMS AgEcon
Stefanides, Zdenko; Tauer, Loren W..
The empirical impact of rBST was measured for 211 dairy farms using 1993-95 data. Farms applying rBST on roughly half of their herds saw, on average, a net increase of about 1,300 pounds of milk per cow per year. The impact on profits, was, however, not statistically different from zero.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 1998 URL: http://purl.umn.edu/20888
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The Impact of Age on the Ability to Perform under Pressure: Golfers on the PGA Tour AgEcon
Fried, Harold O.; Tauer, Loren W..
This paper is about aging and the ability to perform under pressure on the PGA tour. Performance increases with golfing skill, but may first increase and then decrease with age as experience interacts with changes in physical condition. Similarly, mental fortitude or the ability of a golfer to perform under pressure may first increase and then decrease with age as experience interacts with changes in the ability to concentrate. Net performance on the tour is the result of both physical golfing skill and the ability to perform under pressure. We control for changes in physical skill and focus on the mental side of the game. The role of experience suggests an inverted U shaped relationship between age and mental performance that could vary significantly...
Tipo: Working or Discussion Paper Palavras-chave: Age; Efficiency; Order-m FDH; Golf; Performance under pressure; Productivity Analysis.
Ano: 2009 URL: http://purl.umn.edu/51103
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THE IMPACT OF RECOMBINANT BOVINE SOMATOTROPIN ON DAIRY FARM PROFITS: A SWITCHING REGRESSION ANALYSIS AgEcon
Tauer, Loren W..
Production and profit impacts from the use of recombinant Bovine Somatotropin (rbST) on dairy farms were estimated using switching regression, with separate regressions for rbST-using farms and non-rbST-using farms. To correct for potential self-selection bias, a probit adoption function was estimated and used to correct the error term in each regression equation. Farmers who use rbST were found to have more formal education and have larger dairy herds, but age was not a significant determining factor in adoption. RbST was estimated to increase milk production per cow even when correcting for the fact that rbST users would have higher milk production per cow without the use of rbST. However, that greater production per cow from rbST use did not...
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2004 URL: http://purl.umn.edu/20411
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THE ROLE OF CURVATURE IN ESTIMATING ACCURATE DUAL FUNCTIONS AgEcon
Tauer, Loren W..
A production function highly concave in inputs will have a dual profit function less convex in prices. Even large variations in prices will cause little variation in input usage and output, resulting in poor profit function estimates. This is demonstrated using Monte Carlo simulation with various curvatures and error structures.
Tipo: Working or Discussion Paper Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2001 URL: http://purl.umn.edu/14752
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The Skills and Training Needed by Farm Management Researchers in the Future AgEcon
Tauer, Loren W..
Tipo: Working Paper Palavras-chave: Farm Management; Research and Development/Tech Change/Emerging Technologies.
Ano: 1993 URL: http://purl.umn.edu/121330
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Understanding the Entrepreneur: An Index of Entrepreneurial Success AgEcon
Fried, Harold O.; Tauer, Loren W..
A measure of entrepreneur success is important to identify current and future successful ventures, to further our understanding of the entrepreneurial process and to guide public policies to improve the success rate of start-ups. In this paper we propose an index of entrepreneur success that accommodates multiple inputs and outputs, that is predicated on inputs and that mitigates the impact of outliers. We relate the index to characteristics of the entrepreneur and the venture: age, experience, gender, race, competitive advantage, education, and birthplace. The data are from the Kauffman Firm Survey. The index is calculated for 2,863 firms in 2006.
Tipo: Working or Discussion Paper Palavras-chave: Entrepreneur; Kauffman Survey; Financial Economics; Productivity Analysis.
Ano: 2009 URL: http://purl.umn.edu/55933
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When to Exit Dairy Farming: The Value of Waiting AgEcon
Tauer, Loren W.; Dressler, Jonathan B..
Tipo: Working Paper Palavras-chave: Farm Management.
Ano: 2010 URL: http://purl.umn.edu/121632
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When to Get In and Out of Dairy Farming: A Real Option Analysis AgEcon
Tauer, Loren W..
The Dixit entry/exit real option model was applied to the entry/exit decisions of New York dairy farmers. For the cost structure of a 500-cow farm the entry milk price is $17.52 per hundredweight (cwt.) and the exit milk price is $10.84. For the 50-cow farm cost structure the entry price is higher at $23.71 per cwt., and the exit price is also higher at $13.48. If infinite numbers of representative farms enter and exit at these prices, the price of milk should range between $13.48 and $17.52 per cwt.
Tipo: Conference Paper or Presentation Palavras-chave: Dairy farming; Entry-exit; Investment; Real options; Farm Management.
Ano: 2006 URL: http://purl.umn.edu/21251
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When to Get In and Out of Dairy Farming: A Real Option Analysis AgEcon
Tauer, Loren W..
The Dixit entry/exit real option model was applied to the entry/exit decisions of New York dairy farmers. For the cost structure of a 500-cow farm, the entry milk price is $17.52 per hundredweight (cwt) and the exit milk price is $10.84. For the 50-cow farm cost structure, the entry price is higher at $23.71 per cwt, and the exit price is also higher at $13.48. If infinite numbers of representative farms enter and exit at these prices, the price of milk should range between $13.48 and $17.52 per cwt.
Tipo: Journal Article Palavras-chave: Dairy farming; Entry-exit; Investment; Real options; Farm Management.
Ano: 2006 URL: http://purl.umn.edu/10219
Registros recuperados: 57
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