ASYMMETRY AND NONSTATIONARITY IN THE FARM SIZE DISTRIBUTION OF WISCONSIN MILK PRODUCERS - AN AGGREGATE ANALYSIS

Authors
ZEPEDA L
Citation
L. Zepeda, ASYMMETRY AND NONSTATIONARITY IN THE FARM SIZE DISTRIBUTION OF WISCONSIN MILK PRODUCERS - AN AGGREGATE ANALYSIS, American journal of agricultural economics, 77(4), 1995, pp. 837-852
Citations number
48
Categorie Soggetti
Economics,"AgricultureEconomics & Policy
Journal title
American journal of agricultural economics → ACNP
ISSN journal
00029092
Volume
77
Issue
4
Year of publication
1995
Pages
837 - 852
Database
ISI
SICI code
0002-9092(1995)77:4<837:AANITF>2.0.ZU;2-0
Abstract
A Markov model is developed to test the nonstationarity and asymmetry of factors affecting the evolution of Wisconsin dairy farms using aggr egate data. The model is used to examine how prices, interest rates, d ebt, drought, and the dairy termination program affected farm growth a nd the entry and exit of Wisconsin dairy farms by size categories duri ng 1972-92.