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The extent that certain dairy farmer attitudes and behaviors are associated with farm business profitability

Author:
O'Leary, N.W., Bennett, R.M., Tranter, R.B., Jones, P.J.
Source:
Journal of dairy science 2018 v.101 no.12 pp. 11275-11284
ISSN:
0022-0302
Subject:
attitudes and opinions, farmers, farms, models, personality, profitability, purchasing, regression analysis, sociodemographic characteristics, temperament, Great Britain
Abstract:
The way in which farm managers' attitudes, personality, behavior, values, and sociodemographic characteristics influence farm business performance is, at best, only partially understood. The study reported here expands on this understanding by analyzing the attitudes and personal attributes of 80 dairy farmers in Great Britain in relation to the profitability over 3 yr of their farm businesses. Business goals, temperament, purchasing behavior, and having a growth mindset toward the business were found to be associated with profitability. A linear regression model consisting of 5 variables related to the above was presented that predicts 34% of the observed variation in profitability. Each of these variables were questions related to the participants' personal attitudes or beliefs. Other assessed variables, such as specific husbandry behaviors or practices, or management practices and sociodemographic characteristics, did not warrant inclusion in the final model. These results uniquely contribute to understanding how the attitudes, personality, behaviors, and attributes of dairy farmers are associated with, and thus likely to influence, the profitability of their farm businesses.
Agid:
6153724