Econometric Models of Cattle-Breeding Production Cost

The paper presents the results of multiple correlations and regression modeling of the cattle weight gain production cost. Based on actual data of farms, a comparative assessment of developed models was carried out for the first time with the use of panel data models and so called ‘farms-years’ method. The most significant factors affecting the change in the production cost of cattle weight gain were identified both for individual stages and for the entire period of the study in agricultural organizations of the Republic of Bashkortostan. Specific effects that reflect the characteristics of individual farms, and temporary effects, showing the influence of internal and external factors, state programs for the development of the industry, were determined. The introduction of the proposed analysis methodology contributes to further increase in live-stock production. At the same time, it helps to reduce the cost of production and improve production efficiency.

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