Diversification economies in dairy farming - Empirical evidence from Germany

Stefan Wimmer, Johannes Sauer

Publikation: Beitrag in FachzeitschriftArtikelBegutachtung

18 Zitate (Scopus)

Abstract

This article explores how farm size is related to economic benefits from diversification. Using a data set pertaining to Bavarian dairy farms (2000-2014), we estimate an input distance function (IDF) to derive cost complementarities between distinct outputs. A Bayesian estimation technique is used to improve the theoretical consistency of the IDF. The results show that small dairy farms are more likely to benefit from diversification between milk and livestock production, while larger farms tend to benefit from diversification between milk and crop production. Both managerial and policy implications are discussed.

OriginalspracheEnglisch
Seiten (von - bis)1338-1365
Seitenumfang28
FachzeitschriftEuropean Review of Agricultural Economics
Jahrgang47
Ausgabenummer3
DOIs
PublikationsstatusVeröffentlicht - 15 Juni 2020

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