Does Revenue Diversification Improve Small and Medium-Sized Dairy Farm Profitability?

Curtis L. Mahnken and Joleen C. Hadrich

Choices: The Magazine of Food, Farm, and Resource Issues, 2018, vol. 33, issue 4

Abstract: Dairy farmers are well acquainted with managing volatile input and output prices. This article uses a sample of small and medium-sized Minnesota dairy farms that contribute data to the FINBIN farm financial database and finds that revenue diversification strategies have successfully helped dairy farmers remain profitable in the Upper Midwest.

Keywords: Farm Management; Livestock Production/Industries (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaeach:279865

DOI: 10.22004/ag.econ.279865

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