Hansson, Helena
- Department of Economics, Swedish University of Agricultural Sciences
Abstract
Management's critical success factors (MCSFs) are used to indicate how farm profits develop, but their usefulness as profitability predictors has previously not been analysed statistically. This paper explores the usefulness of some commonly used MCSFs in Swedish dairy farms, by investigating whether the MCSFs are significant predictors of economic efficiency. Further, the paper takes a comprehensive view of evaluating farm level efficiency, in that all major input and output efficiency scores are estimated. Previous literature has focused on only one score, or on only one perspective. Our results show that cost efficiency is the more problematic part of the profitability process. Especially the allocative part needs to be improved. Moreover, the results show that the MCSFs milk quality, herd fertility and involuntary culls ratio may not work as indicators of economic performance, whereas milk yield per cow and the mastitis ratio are significant indicators
Published in
Acta Agriculturæ Scandinavica, Section C - Food Economics
2007, volume: 4, number: 2, pages: 77-88
Publisher: Taylor & Francis
SLU Authors
UKÄ Subject classification
Agricultural Science
Economics and Business
Social Sciences
Publication identifier
- DOI: https://doi.org/10.1080/16507540701415019
Permanent link to this page (URI)
https://res.slu.se/id/publ/14721