Entry, exit, and farm size: Assessing an experiment in dairy price policy

被引：76

作者：

Foltz, JD ^{[1
]}

机构：

[1] Univ Wisconsin, Dept Agr & Appl Econ, Madison, WI 53706 USA

[2] Univ Wisconsin, Program Agr Technol Studies, Madison, WI 53706 USA

来源：

AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS | 2004年 / 86卷 / 03期

关键词：

dairy compact; farm policy; investment; panel data; sunk cost;

D O I：

10.1111/j.0002-9092.2004.00603.x

中图分类号：

F3 [农业经济];

学科分类号：

0202 ; 020205 ; 1203 ;

摘要：

This article models and estimates the forces behind farm exits and changes in herd-size among Connecticut dairy farms under the New England Dairy Compact. A model of sunk costs and farm capital investment is used to specify two econometric estimations: a random effects probit model of farm entry and exit and an autocorrelated generalized least squares panel data model of farm size. The Dairy Compact's price strategy reduced farm exits and moderately increased cow numbers. In contrast, development pressures and historically low unemployment rates increased farm exits.

引用

页码：594 / 604

页数：11

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