ECONOMIES OF SCALE AND OUTPUT FLEXIBILITY IN NORTHEASTERN U.S. DAIRY

Madalene C. Bruun and Adesoji Adelaja

No 270871, 1990 Annual meeting, August 5-8, Vancouver, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper argues that even with strong economies of scale, all farm sizes could have similar adjusted average costs and be equally competitive because the advantages of flexibility on small farms tend to offset those of economies of scale on large farms. Evidence from Northeastern U.S. dairy farms suggests that capital intensity and specialization increase with size, flexibility decreases with size, and small and larr,e farms are equally viable despite slight economies of scale.

Keywords: Livestock Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 17
Date: 1990-08-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea90:270871

DOI: 10.22004/ag.econ.270871

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