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Trends and determinants in the adoption of recombinant bovine somatotropin are examined using data from across the United States. The core findings are: (a) moderate adoption rates and relatively small impacts on national milk production; (b) substantial disadoption, farmers who have tried the...
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Cooperative Extension and other institutions (e.g., technical colleges, on-line self study programs, university short courses, etc.) frequently stress the importance of financial management education for successful farming operations. The research reported in this paper attempts to quantify the...
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This work estimates probit and tobit models of the adoption of recombinant bovine somatotropin (rbST) on Connecticut dairy farms and then endogenizes that adoption in estimates of milk production and farm profit rates. The work improves on the current literature by allowing the rbST decision to...
Persistent link: https://www.econbiz.de/10014094841
This article uses revealed preferences of consumers to study the consumer benefits from rBST-free and organic labeled milk. The article specifies and estimates a quadratic AIDS demand system model for different milk types using U.S. supermarket scanner data. The introduction of rBST-free and...
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