Technology Adoption and Its Impact on Production Performance of Dairy Operations
Data from the 1993 Agricultural Resource Management Study were used to examine the impact of technology adoption on production performance of a sample of dairy farms. Findings showed that the adoption of a capital- or a management-intense technology would measurably lower the likelihood of a farmer being in the lowest quartile of production performance. The economic costs of milk production by the top-performance group were estimated to be 53% lower than those by the low-performance group, providing evidence of the importance of improved production practices to the viability of many dairy operations.
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Document Type: Research Article
Affiliations: Resource Economics Division, Economic Research Service, U.S. Department of Agriculture
Publication date: September 1, 2000