A study on the influencing factors of dairy farming returns in China based on regression analysis

Abstract

Since the reform and opening up, China's dairy industry has continued to improve, as reflected in the significant increase in the scale, standardization, and modernization of dairy farming. At the same time, dairy companies are experiencing a steady acceleration of production changes and technological innovation, and the consumption of dairy products is gradually growing, making milk popular as a necessary food for daily life. As the starting point of the whole dairy industry chain, dairy farming is the fundamental link in the development of this industry. Therefore, analyzing the profitability of dairy farming in China and studying the factors influencing the profitability of farming is essential to ensure the sustainable, efficient, and high-quality development of China's dairy industry. Based on the data released by the National Compendium of Costs and Benefits of Agricultural Products, this study uses regression analysis with the help of the theory of costs and benefits to study the influencing factors of the benefits and puts forward constructive suggestions for different modes of dairy farming to reduce costs and increase benefits.