Entrepreneurship in Dairy Cattle Sector: Key Features of Successful Administration and Management
In this study, data envelopment analysis is applied to 47 dairy cattle farms to estimate their level of efficiency in the utilization of the available resources and to identify the most efficient ones. The analysis is based on technical and economic data collected through a farm management survey. T...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-10-01
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| Series: | Land |
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| Online Access: | https://www.mdpi.com/2073-445X/11/10/1736 |
| _version_ | 1797472082348474368 |
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| author | Georgia Koutouzidou Athanasios Ragkos Alexandros Theodoridis Georgios Arsenos |
| author_facet | Georgia Koutouzidou Athanasios Ragkos Alexandros Theodoridis Georgios Arsenos |
| author_sort | Georgia Koutouzidou |
| collection | DOAJ |
| description | In this study, data envelopment analysis is applied to 47 dairy cattle farms to estimate their level of efficiency in the utilization of the available resources and to identify the most efficient ones. The analysis is based on technical and economic data collected through a farm management survey. The main structural and financial characteristics of the most efficient farms are presented, revealing the features that make them better than their peers. A comparative financial analysis is applied between the efficient and inefficient farms, highlighting the appropriate farm structure and determining the major cost drivers in modern dairy cattle farming. The results show that there is still room for improvement in intensive dairy farming. Dairy cattle farms must operate with increased variable cost and utilize their infrastructure at full capacity to decrease their fixed cost per cow. Farms should increase their economic resilience and be less risk averse in an environment where margins to lower production costs in highly intensive farms have been narrowed down. The findings of this study verify that dairy cattle farms of entrepreneurial mindset have the potential to rise to the future economic, environmental and social challenges that will affect the survival of the sector. |
| first_indexed | 2024-03-09T19:57:12Z |
| format | Article |
| id | doaj.art-a2394e6ab17443eba0109dc691b9c46c |
| institution | Directory Open Access Journal |
| issn | 2073-445X |
| language | English |
| last_indexed | 2024-03-09T19:57:12Z |
| publishDate | 2022-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Land |
| spelling | doaj.art-a2394e6ab17443eba0109dc691b9c46c2023-11-24T00:53:17ZengMDPI AGLand2073-445X2022-10-011110173610.3390/land11101736Entrepreneurship in Dairy Cattle Sector: Key Features of Successful Administration and ManagementGeorgia Koutouzidou0Athanasios Ragkos1Alexandros Theodoridis2Georgios Arsenos3Hellenic Agricultural Organization-DIMITRA, Institute of Plant Breeding and Genetic Resources, 57001 Thermi Thessaloniki, GreeceAgricultural Economics Research Institute, Hellenic Agricultural Organization-DIMITRA, Ilisia, 11528 Athens, GreeceLaboratory of Livestock Production Economics, School of Veterinary Medicine, Aristotle University of Thessaloniki, 54124 Thessaloniki, GreeceLaboratory of Animal Husbandry, School of Veterinary Medicine, Aristotle University of Thessaloniki, 54124 Thessaloniki, GreeceIn this study, data envelopment analysis is applied to 47 dairy cattle farms to estimate their level of efficiency in the utilization of the available resources and to identify the most efficient ones. The analysis is based on technical and economic data collected through a farm management survey. The main structural and financial characteristics of the most efficient farms are presented, revealing the features that make them better than their peers. A comparative financial analysis is applied between the efficient and inefficient farms, highlighting the appropriate farm structure and determining the major cost drivers in modern dairy cattle farming. The results show that there is still room for improvement in intensive dairy farming. Dairy cattle farms must operate with increased variable cost and utilize their infrastructure at full capacity to decrease their fixed cost per cow. Farms should increase their economic resilience and be less risk averse in an environment where margins to lower production costs in highly intensive farms have been narrowed down. The findings of this study verify that dairy cattle farms of entrepreneurial mindset have the potential to rise to the future economic, environmental and social challenges that will affect the survival of the sector.https://www.mdpi.com/2073-445X/11/10/1736efficiencydairy cattle farmsmanagementfinancial analysisproduction costfeeding patterns |
| spellingShingle | Georgia Koutouzidou Athanasios Ragkos Alexandros Theodoridis Georgios Arsenos Entrepreneurship in Dairy Cattle Sector: Key Features of Successful Administration and Management Land efficiency dairy cattle farms management financial analysis production cost feeding patterns |
| title | Entrepreneurship in Dairy Cattle Sector: Key Features of Successful Administration and Management |
| title_full | Entrepreneurship in Dairy Cattle Sector: Key Features of Successful Administration and Management |
| title_fullStr | Entrepreneurship in Dairy Cattle Sector: Key Features of Successful Administration and Management |
| title_full_unstemmed | Entrepreneurship in Dairy Cattle Sector: Key Features of Successful Administration and Management |
| title_short | Entrepreneurship in Dairy Cattle Sector: Key Features of Successful Administration and Management |
| title_sort | entrepreneurship in dairy cattle sector key features of successful administration and management |
| topic | efficiency dairy cattle farms management financial analysis production cost feeding patterns |
| url | https://www.mdpi.com/2073-445X/11/10/1736 |
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