The Production Structure of Pennsylvania Dairy Farms

The Production Structure of Pennsylvania Dairy Farms

The production structure of a selected cross-section sample of family owner-operated dairy farms is investigated using a translog variable cost function. Elasticities of scale, input substitution, and input own- and cross-price elasticities are estimated. At the sample mean herd size of 67 cows prod...

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Veröffentlicht in:Northeastern Journal of Agricultural and Resource Economics 1984-10, Vol.13 (2), p.245-253
Hauptverfasser: Grisley, William, Gitu, Kangethe W.
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container_title Northeastern Journal of Agricultural and Resource Economics
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creator Grisley, William
Gitu, Kangethe W.
description The production structure of a selected cross-section sample of family owner-operated dairy farms is investigated using a translog variable cost function. Elasticities of scale, input substitution, and input own- and cross-price elasticities are estimated. At the sample mean herd size of 67 cows producing at 15,173 pounds of milk per cow, the elasticity of scale parameter was 1.00, implying constant returns to scale. The elasticities of substitution between feeds and hired labor and the own- and cross-price elasticities were inelastic.
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title The Production Structure of Pennsylvania Dairy Farms
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