Small U.S. Dairy Farms: Can They Compete? A Revisit

Richard Nehring, Jeffrey Gillespie, Kenneth Erickson, J. Michael Harris, Silke Heutte and Johannes Sauer

No 266535, 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida from Southern Agricultural Economics Association

Abstract: With rapid structural change in the U.S. dairy industry, we use data from USDA’s Agricultural Resource Management Survey to determine financial performance, scale efficiency, and technical efficiency associated with U.S. conventional and pasture-based milk production during 2010-2016. Large farms generally outperformed smaller farms in terms of technical efficiency, profitability measures, and returns to scale.

Keywords: Agricultural and Food Policy; Agricultural Finance; Production Economics (search for similar items in EconPapers)
Pages: 11
Date: 2018-01-15
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea18:266535

DOI: 10.22004/ag.econ.266535

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