Do Purchasing Patterns Differ Between Large and Small Dairy Farms? Econometric Evidence from Three Wisconsin Communities

Jeremy D. Foltz, Douglas Jackson-Smith and Lucy Chen
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Jeremy D. Foltz: University of Connecticut
Douglas Jackson-Smith: Utah State University
Lucy Chen: University of Wisconsin-Madison

Agricultural and Resource Economics Review, 2002, vol. 31, issue 1, pages 28-38

Abstract: Using farm data from three dairy-dependent communities in Wisconsin, this study addresses the question: Do small farms spend more locally than large farms? The work develops a theoretical model of farm cost functions with transaction costs varying between local and distant input sources. This model is then tested econometrically, describing farm costs and where they were spent as a function of transaction/search costs and farm characteristics. The results suggest that scale does matter to farm spending patterns.

Keywords: community economics; dairy industry; farm size; purchasing patterns (search for similar items in EconPapers)

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