Factors Influencing Resilient Dairies: A Product of Herd Management or Farm Finances?

Loading...
Thumbnail Image

Persistent link to this item

Statistics
View Statistics

Journal Title

Journal ISSN

Volume Title

Title

Factors Influencing Resilient Dairies: A Product of Herd Management or Farm Finances?

Published Date

2019-12

Publisher

Type

Thesis or Dissertation

Abstract

The goal of this research is to understand the unique characteristics of resilient dairies that allow them to recover from poor economic conditions and achieve sustained profitability despite volatile milk prices. Minnesota dairies provided whole-farm finances and cow production data for 2012 to 2018. Robust weighting mechanisms determined the sensitivity needed to allocate farm financials to all cows for simultaneous analysis of both datasets. Resilient farms are consistent profit performers, falling into the 75th percentile for the majority of production years. The relationship between farm traits and resiliency is evaluated for each farm's human resources, animal health measures, farm structure, and financial indicator characteristics. Results focus on the practices that resilient farms have implemented to maintain the long-term viability despite declining farm income, providing tangible recommendations for dairy farms to help increase farm resilience. Dairy resiliency is a joint product of both herd management and farm financial practices.

Description

University of Minnesota M.S. thesis. December 2019. Major: Applied Economics. Advisor: Joleen Hadrich. 1 computer file (PDF); viii, 114 pages.

Related to

Replaces

License

Series/Report Number

Funding information

Isbn identifier

Doi identifier

Previously Published Citation

Suggested citation

Roberts, Amber. (2019). Factors Influencing Resilient Dairies: A Product of Herd Management or Farm Finances?. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/211712.

Content distributed via the University Digital Conservancy may be subject to additional license and use restrictions applied by the depositor. By using these files, users agree to the Terms of Use. Materials in the UDC may contain content that is disturbing and/or harmful. For more information, please see our statement on harmful content in digital repositories.