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Revealing an Equitable Income Allocation among Dairy Farm Partnerships AgEcon
Dressler, Jonathan B.; Tauer, Loren W..
We formulate a method to determine an equitable division of dairy farm partnership income when partners provide unequal amounts of capital, labor, and management and empirically estimate this relationship. New York dairy farm financial data are used within fixed effects and random coefficient panel regression models to reveal a systematic division of dairy farm partnership income among operators’ labor, capital, and management while controlling for heterogeneity arising from differing herd size. Results indicate that controlling for time and heterogeneity across farms due to herd size are important factors when dividing net farm income among unpaid factors of production. Empirical estimates of allocating dairy farm partnership income to equity,...
Tipo: Working or Discussion Paper Palavras-chave: Dairy; Opportunity costs; Unpaid factors production; Net farm income; Operators’ labor; Capital; Management.; Agricultural Finance; Farm Management; Q10; Q12.
Ano: 2011 URL: http://purl.umn.edu/102116
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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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