Variable | Description | All respondents | Respondents who had used risk management | Respondents who had not used risk management |
---|---|---|---|---|
 |  | Mean (Standard deviation) | ||
Herd size | milk cows | 360 (1,018) | 713 (1,529) | 167 (475) |
Acres operated | acres | 652 (3,004) | 846 (1,270) | 371 (444) |
Operator age | years | 51.0 (12.7) | 50.6 (11.2) | 51.2 (13.5) |
Operator education | years | 12.66 (2.20) | 13.59 (2.22) | 12.18 (2.04) |
Sole proprietors | % yes | 67.6 (49.7) | 48.3 (50.1) | 77.1 (42.1) |
Dairy coop member | % yes | 78.7 (41.7) | 74.8 (43.5) | 80.8 (40.6) |
Milk/cow | lbs. milk/cow/year | 20,940 (5,109) | 23,459 (4,413) | 19,229 (4,847) |
Purchased feed | % of feed purchased | 32.1 (24.8) | 36.1 (26.5) | 30.0 (23.7) |
Solvency risk | debt to asset ratio (%) | 26.3 (21.5) | 29.1 (18.9) | 24.8 (22.7) |
Number of respondents | Â | 662 | 223 | 439 |