Survival Analysis for the Adjustment Phase Following Investment in Swiss Dairy Sheds
We analysed the adjustment phase following a dairy shed investment. On the basis of farm observations from both the Swiss Farm Accountancy Data Network (FADN) and a database of government-supported investments from 2003 through 2014, we focused on the imputed profit, the farm income minus opportunit...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2019-11-01
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| Series: | Agriculture |
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| Online Access: | https://www.mdpi.com/2077-0472/9/11/238 |
| _version_ | 1818459578936852480 |
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| author | Benedikt Kramer Anke Schorr Reiner Doluschitz Markus Lips |
| author_facet | Benedikt Kramer Anke Schorr Reiner Doluschitz Markus Lips |
| author_sort | Benedikt Kramer |
| collection | DOAJ |
| description | We analysed the adjustment phase following a dairy shed investment. On the basis of farm observations from both the Swiss Farm Accountancy Data Network (FADN) and a database of government-supported investments from 2003 through 2014, we focused on the imputed profit, the farm income minus opportunity costs for family labour and family capital. After investment, the analysed farms needed three years to return to the same profit level as that before the investment (median value). A Cox proportional-hazards model (survival analysis) showed that the probability of reattaining the imputed profit increased with equity capital. A reduction of the probability was related to a high imputed profit, a high off-farm income, high expenses for purchased animals and, in particular, a greater use of family labour before the investment. We conclude that the use of family labour after investment should be addressed more thoroughly during the planning process prior to an investment. |
| first_indexed | 2024-12-14T23:16:35Z |
| format | Article |
| id | doaj.art-e258085daa214475bc783d47290820e8 |
| institution | Directory Open Access Journal |
| issn | 2077-0472 |
| language | English |
| last_indexed | 2024-12-14T23:16:35Z |
| publishDate | 2019-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Agriculture |
| spelling | doaj.art-e258085daa214475bc783d47290820e82022-12-21T22:44:04ZengMDPI AGAgriculture2077-04722019-11-0191123810.3390/agriculture9110238agriculture9110238Survival Analysis for the Adjustment Phase Following Investment in Swiss Dairy ShedsBenedikt Kramer0Anke Schorr1Reiner Doluschitz2Markus Lips3Farm Management Group, Agroscope, CH-8356 Ettenhausen, SwitzerlandFarm Management Group, Agroscope, CH-8356 Ettenhausen, Switzerlandnstitute of Farm Management, Hohenheim University; D- 70593 Stuttgart, GermanyGUS Group, CH-9000St. Gallen, SwitzerlandWe analysed the adjustment phase following a dairy shed investment. On the basis of farm observations from both the Swiss Farm Accountancy Data Network (FADN) and a database of government-supported investments from 2003 through 2014, we focused on the imputed profit, the farm income minus opportunity costs for family labour and family capital. After investment, the analysed farms needed three years to return to the same profit level as that before the investment (median value). A Cox proportional-hazards model (survival analysis) showed that the probability of reattaining the imputed profit increased with equity capital. A reduction of the probability was related to a high imputed profit, a high off-farm income, high expenses for purchased animals and, in particular, a greater use of family labour before the investment. We conclude that the use of family labour after investment should be addressed more thoroughly during the planning process prior to an investment.https://www.mdpi.com/2077-0472/9/11/238investmentdairy cattleimputed profitswitzerland |
| spellingShingle | Benedikt Kramer Anke Schorr Reiner Doluschitz Markus Lips Survival Analysis for the Adjustment Phase Following Investment in Swiss Dairy Sheds Agriculture investment dairy cattle imputed profit switzerland |
| title | Survival Analysis for the Adjustment Phase Following Investment in Swiss Dairy Sheds |
| title_full | Survival Analysis for the Adjustment Phase Following Investment in Swiss Dairy Sheds |
| title_fullStr | Survival Analysis for the Adjustment Phase Following Investment in Swiss Dairy Sheds |
| title_full_unstemmed | Survival Analysis for the Adjustment Phase Following Investment in Swiss Dairy Sheds |
| title_short | Survival Analysis for the Adjustment Phase Following Investment in Swiss Dairy Sheds |
| title_sort | survival analysis for the adjustment phase following investment in swiss dairy sheds |
| topic | investment dairy cattle imputed profit switzerland |
| url | https://www.mdpi.com/2077-0472/9/11/238 |
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