U. S. Milk Production Costs and Returns, 1993: An Economic Basebook

Sara D. Short and William McBride

No 308433, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: The U.S. milk production industry experienced significant structural changes between 1955 and 1993. Fewer and larger operations have more and more come to characterize the industry. Data from the Farm Costs and Returns Survey show that cash and capital replacement costs of milk producers range from $5 to more than $25 per hundredweight of milk sold. Size of operation, animal performance, and milk production methods all distinguish low- from high-cost milk producers. However, differences in feed and labor efficiency have the greatest influence on milk production costs.

Keywords: Farm Management; Livestock Production/Industries; Production Economics; Productivity Analysis (search for similar items in EconPapers)
Pages: 42
Date: 1996-05
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:308433

DOI: 10.22004/ag.econ.308433

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