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Econometric Analysis of Farmer Participation in the Dairy Termination Program in North Carolina and Virginia

Published online by Cambridge University Press:  09 September 2016

H. Frederick Gale Jr.
H. Frederick Gale Jr.*
Affiliation:
Agriculture and Rural Economy Division, Economic Research Service, U.S. Department of Agriculture
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Abstract

Farm-level data are used to estimate equations explaining the probability of bidding and the level of the bid for the 1986 Dairy Termination Program. Participation was attractive to older farmers, to those who were not planning to transfer the farm to a family member, to less experienced farmers, and to those using less sophisticated management techniques. Schooling, off-farm work, and nonfarm experience did not have significant effects. The participation pattern suggests that the long-term effects of the program on milk supply are small.

Keywords

Dairy Termination Programhuman capitallife cyclefarm commodity programsparticipation
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 22 , Issue 1 , July 1990 , pp. 123 - 132
Copyright
Copyright © Southern Agricultural Economics Association 1990

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