Successful Dairy Farm Debt Management Strategies
Kauffman, Jonas B. III; Tauer, Loren
Stochastic dominance was used to group 112 dairy farms based upon 10 years of returns to equity capital. Debt strategies of farms partitioned by first-degree stochastic dominance were similar. Second-degree efficient farms were consistently less indebted. Compared to 1974-1978, debt management during 1979-1983 was more important for high return rates.
Charles H. Dyson School of Applied Economics and Management, Cornell University