MacDonald, James M.
[Verfasser:in];
McBride, William D.
[Verfasser:in];
O'Donoghue, Erik
[Verfasser:in];
Nehring, Richard F.
[Verfasser:in];
Sandretto, Carmen
[Verfasser:in];
Mosheim, Roberto
[Verfasser:in]
Profits, Costs, and the Changing Structure of Dairy Farming
Erschienen in:USDA-ERS Economic Research Report ; No. 47
Umfang:
1 Online-Ressource (41 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.1084458
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 1, 2007 erstellt
Beschreibung:
U.S. dairy production is consolidating into fewer but larger farms. This report uses data from several USDA surveys to detail that consolidation and to analyze the financial drivers of consolidation. Specifically, larger farms realize lower production costs. Although small dairy farms realize higher revenue per hundredweight of milk sold, the cost advantages of larger size allow large farms to be profitable, on average, even while most small farms are unable to earn enough to replace their capital. Further survey evidence, as well as the financial data, suggest that consolidation is likely to continue