Estimation of risk management effects on revenue and purchased feed costs on US dairy farms.
نویسندگان
چکیده
Variations in milk and feed prices directly affect dairy farm risk management decisions. This research used data from the 2010 US Department of Agriculture-Agricultural Resource Management Surveys phase III dairy survey to examine how risk management tools affected revenues and expenses across US dairy farms. The survey was sent to 26 states and collected information on costs and returns to individual dairy farms. This research used the information from milk sales, crops sales, feed expenses, and farm and operator characteristics, as well as the use of risk management tools. Matching methodology was used to evaluate the effect of 5 independent risk management tools on revenues and expenses: selling milk to a cooperative, using a commodity contract to sell grain, feeding homegrown forage at a basic and intensive level, and use of a nutritionist. Results showed that dairy farms located in the Midwest and East benefit from selling milk to a cooperative and using commodity contracts to sell grain. Across the United States, using a nutritionist increased total feed costs, whereas a feeding program that included more than 65% homegrown forages decreased total feed costs. Results point to benefits from educational programming on risk management tools that are region specific rather than a broad generalization to all US dairy farmers.
منابع مشابه
Optimizing Income over Feed Supplement Costs
Large fluctuations in milk and supplemental feed prices create anxiety and uncertainties. Profit margin may shrink rapidly when milk price goes down and supplemental feed prices go up. Thus, it is important that correct decisions are made to maximize return on supplemental feed expenses. The change in prices and milk production response to feed supplements are especially important because they ...
متن کاملWhole-farm Phosphorus Management on Dairy Farms
Most dairy farms in Wisconsin continue to follow a fairly generalized formula of how to produce milk. Cows and replacement heifers are fed primarily homegrown feed from crop rotations comprising alfalfa (Medicago sativa L.), corn (Zea mays L.), oats (Avena spp.) and soybean (Glycine max L. Merr.). Protein and mineral supplements are purchased to compliment dairy diets. However, the dairy indust...
متن کاملLong-term trends of nitrogen and phosphorus mass balances on New York State dairy farms.
The whole-farm nutrient mass balance (NMB) is an adaptive management tool that can be used to identify areas for improvement in nutrient management and to monitor progress over time. The objectives of this study were to (1) evaluate the trends of nitrogen and phosphorus mass balances of 27 New York State dairy farms over 6 to 10 yr, (2) identify specific management changes made by 4 case study ...
متن کاملRelationships between milk urea concentrations and nutritional management, production, and economic variables in Ontario dairy herds.
The objectives of this study were to describe the relationships between milk urea concentrations and nutritional management, production, and economic variables in commercial dairy herds. Dairy Herd Improvement (DHI) test-day milk urea data, production data, and information on ration nutrient composition and feeding management programs were collected over a 13-mo period from 53 commercial Ontari...
متن کاملA Study of Dairy Heifer Rearing Practices from Birth to Weaning and Their Associated Costs on UK Dairy Farms
There are many inputs into the dairy replacement herd which impact not only on the cost of rearing heifers from birth to first calving, but also on their future longevity and production potential. This study determined the current cost of rearing dairy heifers in the UK through the calculation and analysis of individual costs on a subset of 102 UK dairy farms. Each farm was visited and an exten...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- Journal of dairy science
دوره 98 9 شماره
صفحات -
تاریخ انتشار 2015