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Journal Articles
Agricultural Finance Review (2020) 80 (5): 733–744.
Published: 03 June 2020
...Christopher A. Wolf; J. Roy Black; Mark W. Stephenson Purpose The purpose of this research is to understand US Upper Midwest dairy farm profitability performance over time and across herd size. Profitability is broken down into asset efficiency and operating profit margin. The primary objective...
Journal Articles
Agricultural Finance Review (2016) 76 (4): 532–543.
Published: 07 November 2016
...Christopher A. Wolf; Mark W. Stephenson; Wayne A. Knoblauch; Andrew M. Novakovic Purpose The purpose of this paper is to evaluate dairy farm financial performance over time utilizing farm financial ratios from three university business analysis programs. The evaluation includes measures...
Journal Articles
Agricultural Finance Review (2002) 62 (1): 59–68.
Published: 05 May 2002
...Loren Tauer The Capital Asset Pricing Model (CAPM) is used to estimate the cost of equity for each of 62 New York dairy farms that participated in a business analysis program from 1988 through 1997. The estimated betas were statistically less than one for all farms. Risk‐adjusted interest rates...

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